Essay on The Whitewater Conspiracy

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The Whitewater Conspiracy

In today's society people often pay close attention to what happens in politics. They normally make voting decisions on character, past work, and partisan lines. When rumors of indiscretion or impropriety of a public official pops up, people often like to get involved. Like gossiping on the church's rumor grapevine, people love to get involved in conspiracies and scandals dealing with people of power. If you have watched television at all in the last ten years, you have probably heard about Whitewater. Whitewater is the investigation into Bill Clinton's life before he became president. This alleged conspiracy goes much deeper though than just a crooked land deal. It has its fingers into power and
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Clinton drum up business. The president denies the claim. Some Clinton associates clearly broke the law during these years in Arkansas. The McDougals, most notably, were both found guilty of fraud.
Hillary Clinton represented the S&L before the State Securities Department, headed by Clinton appointee Beverly Bassett Schaffer, who also once represented Madison as an attorney. Schaffer approved an unusual stock sale to help save the troubled Madison, despite federal complaints about McDougal's business practices. Federal investigators looked into those actions, which are central to the allegation that the Clintons helped keep Madison open long after it was broke, as a favor to McDougal.
According to CNN.Com Madison collapsed in the mid-1980s, leaving American taxpayers with a $68 million bailout bill. However, The Rose law firm that Hilary worked for, having once represented Madison, then represented the government in the case. In 1989, McDougal was indicted on charges of bank fraud and other violations related to Madison's failure. He was later acquitted in 1990.
Madison S & L and McDougal's travails led to other questions about Bill Clinton's role -- questions of whether Madison funds were diverted by McDougal to pay Whitewater debts or funneled into Clinton's gubernatorial campaign. The suspicion of funneling arises from a 1985 fund-raiser McDougal organized to cover Clinton's campaign debt. It raised
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