Whitewater Debate
DID CLINTON USED POLITICAL PRESSURE FOR PERSONAL PROFIT

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DID CLINTON USED POLITICAL PRESSURE FOR PERSONAL PROFIT ?

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PRO 1

IN 1978 JAMES AND SUSAN MCDOUGAL ALONG WITH THE CLINTONS BORROW $203,000 TO BUY 220 ACRES OF LAND. THEY FORM THE WHITEWATER DEVELOPMENT CORP. IN HOPES OF DEVELOPING THE LAND FOR VACATION HOMES.

 

PRO 2

IN 1982 MCDOUGAL BUYS A SMALL SAVINGS AND LOAN AND NAMES IT MADISON GUARANTY.

 

PRO 3

IN 1983 SUSAN MCDOUGAL WROTE A MEMO ON A $5,081 CHECK DRAWN ON HER HUSBANDS ACCOUNT AND SIGNED OVER TO  MADISON GUARANTY. 

THE MEMO SAID "PAYOFF CLINTON"

 

PRO 4

IN 1986 JAMES MCDOUGAL GETS AN ILLEGAL $300,000 LOAN FROM  A COMPANY OWNED BY DAVID HALE, a former Little Rock judge, PART OF WHICH WENT TO HELP WHITEWATER DEVELOPMENT CORP.  HALE'S COMPANY WAS SUPPOSE TO LEND MONEY FROM THE SMALL BUSINESS ADMINISTRATION TO DISADVANTAGED BUSINESS OWNERS. LATER INVESTIGATIONS ALLEGE HE LENT UP TO 3 MILLION TO POLITICAL FIGURES.

 

PRO 5

IN 1988 Madison Guaranty collapses after a series of bad loans. The federal government shuts it down and spends $60 million bailing it out.

James McDougal is indicted on federal fraud charges DO to his management of a Madison real estate subsidiary.

 

CON 5.1

IN 1990 McDougal is acquitted. 

 

PRO 6

IN 1992 The Federal Resolution Trust Corp., investigating Madison's failure, sends a referral to the Justice Department that names the Clintons as "potential beneficiaries" of illegal activities at Madison.

 

PRO 7

WHITEWATER DEVELOPMENT CORP.  did poorly and WAS finally dissolved in 1992. the Clintons reportED a net loss of more than $40,000.

 

PRO 8

IN JUNE 1993 Deputy White House Counsel Vincent Foster files three years of delinquent Whitewater tax returns.

 

PRO 9

IN JULY 1993 Foster is found dead OF AN APPARENT suicide. Federal investigators are not allowed IN Foster's office immediately, but White House aides enter Foster's office shortly after his death, giving rise to speculation that files were removed from his office. 

 

PRO 10

IN SEPTEMBER 1993 First of three meetings in which Treasury Department officials tip off Clinton aides about the  RTC investigation.

 

PRO 11

IN OCTOBER 1993 RTC's criminal referral is rejected BY A U.S. attorney in Little Rock, and former law student of Bill Clinton.

 

PRO 12

IN DECEMBER 1993 The White House agrees to turn over Whitewater documents to the Justice Department, which had been preparing to subpoena them. TheY include files found in Foster's office.

 

PRO 13

IN MARCH 1994 Webster Hubbell resigns as associate attorney general after allegations are MADE about his conduct at the Rose Law Firm. Two of Clinton's top political advisers call business friends and line up CONSULTING JOBS FOR more than $500,000 for Hubbell, including $100,000 from the Lippo Group. SOME CALL THIS HUSH MONEY. Hubbell is later convicted of fraud and serves 18 months in jail.

CON 14

IN THE SUMMER OF 1994 The House and Senate Banking committees begin hearings on Whitewater. Twenty-nine Clinton administration officials are subpoenaed or testify at congressional hearings. All are cleared of any wrongdoing.

 

CON 15

AUGUST 10,1994 The House Banking Committee finishes its examination and finds no illegalities, IT WAS chaired by Republican Jim Leach of Iowa, .

 

PRO 16

AUGUST 17,1994 A grand jury charges James and Susan McDougal and Arkansas Gov. Jim Guy Tucker with bank fraud relating to questionable loans.

 

PRO 17

DECEMBER 12,1995 White House associate counsel William H. Kennedy III, who worked at the Rose Law Firm, refuses to release subpoenaed notes of a 1993 meeting between administration officials and the president's lawyers about Whitewater.

 

PRO 18

DECEMBER 20,1995 The Senate votes along party lines to enforce the subpoena. The next day, the White House drops its claim to attorney client privilege and releases the notes. They prove vague and do not reveal any illegality, but contain the phrase "Vacuum Rose law files WWDC Docs subpoena."

 

PRO 19

JANUARY 4,1996 Hillary Clinton's Rose Law Firm billing records are found on a table in the White House residence book room after two years. SEE Castle Grande 

 

PRO 20

JANUARY 22,1996 Republicans suggest billing documents may have been withheld to disguise how much work Hillary Clinton had done for Madison Guaranty.  Kenneth Starr subpoenas Hillary Clinton to determine if records were intentionally withheld. This is the first time a wife of a sitting president has been subpoenaed. 

 

PRO 21

APRIL 22,1996 David Hale, the former owner of a government-funded lending company testifies at Whitewater trial that in early 1985 then governor Bill Clinton pressured him to make a fraudulent $300,000 loan to Susan McDougal and asked that his name be kept out of the transaction.

 

CON 21.1

DAVID HALE MAY HAVE BEEN PAID THOUSANDS OF DOLLARS BY PEOPLE WORKING FOR THE AMERICAN SPECTATOR ON ANTI-CLINTON PROJECTS FUNDED BY BILLIONAIRE RICHARD MELLON SCAIFE. IN JUNE 1998 Former Justice Department lawyer Michael Shaheen has been named to INVESTIGATE allegations that  key Whitewater witness David Hale was receiving cash from Clinton bashers in exchange for his testimony.

 

CON 21.2

AN older brother of Whitewater witness DAVID HALE,  MAY HAVE BEEN pressured  to lie to federal law enforcement authorities during the late summer and early fall of 1993. IT BEEN REPORTED THAT David Hale asked his brother to falsely corroborate allegations of illegal misconduct by President Clinton.

 

PRO 22

APRIL 28,1996 Clinton testifies on videotape as a defense witness. He denies Hale's charge. The tape is played to the Whitewater trial jury on May 9.

 

PRO 23

MAY 26,1996 Gov. Tucker and the McDougals are convicted of nearly all the fraud and conspiracy charges lodged against BY Starr, 10 months earlier

 

PRO 23

JUNE 18,1996 The Senate Whitewater committee finishes its investigation. Republicans and Democrats Are divided in their reports on whether the Clintons committed any ethical breaches.

 

PRO 24

AUGUST 20,1996 SUSAN MCDOUGAL IS SENTENCE TO TWO YEARS IN PRISON FOR HER ROLE IN GETTING $300,000 ILLEGAL LOAN.

 

PRO 25

SEPTEMBER 4,1996 SUSAN MCDOUGAL IS SENT TO JAIL FOR CONTEMPT OF COURT.  SHE TAKES JAIL INSTEAD OF TESTIFYING ABOUT THE CLINTONS INVOLVEMENT WITH WHITEWATER.

 

PRO 26

IN 1998 Witnesses from the Rose Law Firm say Hillary Clinton requested the destruction of MADISON GUARANTY  land contract files.

 

 

 

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