Edition: U.S. / Global

Whitewater Investigation's Focus: Another Tangled Arkansas Deal

Published: July 11, 1996
(Page 4 of 4)


The Documents Without Records, Answers Are Few












Chart: "A CLOSER LOOK: Castle Grande: Many Deals, Paper Profits, RealDebts" James McDougal, owner of Madison Guaranty and the Clintons' Whitewater partner, at one time boasted of big plans for the 1,100 empty acres he called Castle Grande. But prosecutors say his true goal was to pad his failing thrift's balance sheet and generate cash for insiders. A series of complex deals produced more than $1.5 million in profits for a subsidiary, Madision Financial, but at the cost an additional $3.8 million in losses for Madision Guaranty. Chart provides a summary of some of those deals, and of what is known of Hillary Rodham Clinton's role in the project. (Source: Resolution Trust Corporation)