The Wall Street Journal lays out the whole Whitewater deal in a damning chronology;
1985
January: Roger Clinton pleads guilty to cocaine distribution charges and is given immunity from further prosecution in exchange for cooperation. He testifies before a federal grand jury and serves a brief prison sentence.
Jan. 16: Gov. Clinton appoints Beverly Bassett Schaffer, a longtime associate, to serve as Arkansas State Securities Commissioner.
March: Mrs. Clinton receives from Madison Guaranty the first payment of a $2,000-per-month retainer. Madison's accounting firm, Frost & Co., issues a report declaring the savings and loan solvent.
April 4: Jim McDougal hosts a fund-raiser to help Gov. Clinton repay campaign debts. Contributions at the fund-raiser later draw the scrutiny of Whitewater investigators.
April 7: The New Jersey securities firm Bevill, Bresler & Schulman files for bankruptcy amid fraud charges and an estimated $240 million in losses; one of the biggest apparent losers is Stephens-dominated Worthen Bank, which holds with Bevill $52 million of Arkansas state funds in uncollateralized repurchase agreements.
April 30: Hillary Clinton sends a recapitalization offer for the foundering Madison Guaranty to the Arkansas Securities Commission. Two weeks later, Ms. Schaffer informs Mrs. Clinton the plan is approved, but it is never implemented.
October: Governor and Mrs. Clinton lead a trade delegation to Taiwan and Japan.
Jim McDougal launches the Castle Grande land deal.
Read the whole thing and tell me what you think of the Clintons when you're done.
Wednesday, May 28, 2003
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Posted by Scott at 9:08 PM
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