Whitewater affair

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The Whitewater Affair was a controversy over real estate finance owned by Bill and Hillary Clinton at the Whitewater Development Corporation , which went bankrupt in the late 1980s. A major investment by Whitewater in 1978-79 was the purchase of 200  acres in the Ozarks . Bill Clinton, who was Attorney General of Arkansas at the time and who acted as a partner in this land purchase with his wife, was accused in this connection of having, as governor of Arkansas, coerced the banker David Hale to his partner at Whitewater , Susan McDougal, to grant a loan. The United States Securities and Exchange Commission's investigation into the Whitewater Development Corporation's land purchases in the 1990s led to prosecution of Susan McDougal and Jim Guy Tucker , Clinton's successor as governor of Arkansas. No legal action has been taken against the Clintons.

literature

Individual evidence

  1. THE WHITEWATER INQUIRY: Chronology of a Partnership and Interwoven events . In: The New York Times . January 13, 1994 ( nytimes.com ).
  2. ^ Whitewater Special Report. In: Washington Post . 2000, accessed November 3, 2016 .