Care and Feeding of the Spirit in Skellig Section 1:
Bill Clinton had known Arkansas businessman and political figure Jim McDougal sinceand had made a previous real estate investment with him in The goal was to subdivide the site into lots for vacation homesintended for the many people coming south from Chicago and Detroit who were interested in low property taxes, fishing, rafting, and mountain scenery.
The plan was Thesis real estate theme hold the property for a few years and then sell the lots at a profit. Prospective buyers could no longer afford to buy vacation homes. Rather than take a loss on the venture, the four decided to build a model home and wait for better economic conditions.
Following the land purchase, Jim McDougal asked the Clintons for additional funds for interest payments on the loan and other expenses; the Clintons later claimed to have no knowledge of how these contributions were used.
Therefore, McDougal involved others to raise the additional funds. To avoid potential investigations, the money was moved back and forth among several other investors and intermediaries. Infederal regulators realized that all of the necessary funds for this real estate venture had come from Madison Guaranty; regulators called Castle Grande a sham.
Seth Ward fell under investigation, along with the lawyer who helped him draft the agreement.
The report concluded that James McDougal, who had set up the deal, was the managing partner, and Bill Clinton was a passive investor in the venture; the Associated Press characterized it as "generally support[ing] the Clintons' description of their involvement in Whitewater.
According to the New York Times, Williams placed the documents in a safe in the Clinton residence on the third floor of the White House for five days before turning them over to the Clinton family lawyer.
Media pressure continued to build, and on April 22,Hillary Clinton gave an unusual press conference under a portrait of Abraham Lincoln in the State Dining Room of the White House, to address questions on both Whitewater and the cattle futures controversy ; it was broadcast live on several networks.
In it, she claimed that the Clintons had a passive role in the Whitewater venture and had committed no wrongdoing, but admitted that her explanations had been vague. She said that she no longer opposed appointing a special prosecutor to investigate the matter.
Afterwards, she won media praise for the manner in which she conducted herself during the press conference;  Time called her "open, candid, but above all unflappable The confiding tone and relaxed body language The New York Times was criticized by Gene Lyons of Harper's Magazinewho felt its reporters were exaggerating the significance and possible impropriety of what they were uncovering.
Fisketo investigate the legality of the Whitewater transactions in In MayFiske issued a grand jury subpoena to the President and his wife for all documents relating to Madison Guaranty, with a deadline of 30 days.
They were reported as missing by the Clintons. Almost two years later, the subpoenaed billing records of the Rose Law Firm were discovered in the Clintons' private residence in the White House, with finger prints of Hillary Clinton. Fiske, who had been specially appointed by the attorney general, prior to the re-enactment of the Independent Counsel law.
Fiske was replaced because he had been chosen and appointed by Janet Reno, Clinton's attorney general, creating a conflict of interest. According to the agents' official memorandum of that interview, Hale described in some detail his dealings with Jim Guy Tucker then an attorney in private practice, later Bill Clinton's lieutenant governorboth McDougals, and several others, but never mentioned Governor Bill Clinton.
Clinton denied that he pressured Hale to approve the loan to Susan McDougal.The Brief. We live in a time of great change.
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on a bright Saturday afternoon a couple of weeks ago at the annual Book & Arts Fest held in Boerne.
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