Word: paragould
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
That winter, 1st Ozark wasn't the only bank seeking the Clintons' disclosure statement. Security Bank of Paragould, the lender of the money for the Hillary house, had also written Hillary asking her to "complete the enclosed financial statement" in order to extend the Paragould loan. Such a document in Security Bank's files is signed by both Bill and Hillary Clinton. The form lists the same asset values as the one submitted to 1st Ozark, and carries the instruction, "Do not include assets of doubtful value." The statement concludes with the admonition that "each undersigned represents and warrants that...
Toward the end of the year, the house sale closed, and in December Hillary used the proceeds to retire the Paragould loan. But her wish for Whitewater--to "get all that behind us by the end of the year," as she put it in her letter--went unfulfilled...
...prospects was soon drawn into question. In August 1982, a loan officer at Madison wrote Hillary that she was past due on paying back the loan McDougal had got for her to finance the model home. Eventually Bill Clinton himself borrowed over $20,000 from the Security Bank of Paragould, whose former president, Marlin Jackson, was Clinton's bank commissioner, and applied the proceeds to reduce Hillary's debt. (That amount, however, did not wipe out her debt entirely. It isn't clear who paid off the several thousand dollars remaining, but Madison Bank retired the loan.) Jackson was aware...