1. At the time, no state-chartered savings association in Arkansas had raised money in such a fashion, and Madison ultimately decided against it. 2. But the savings association began to hemorrhage severely from bad loans, and regulators ultimately forced him out. 3. But, Massey said, Latham replied that he was not in a high enough position at the savings association to make the decision. 4. Examiners found that the savings association was rife with insider dealing and fraudulent transactions. 5. He also said that Mrs. Clinton had represented his savings association before a state regulator appointed by her husband. 6. He said the original files were taken from the law firm to enable the campaign to field inquiries about Whitewater and the savings association from news organizations. 7. Investigators have been examining whether the savings association provided federally insured money to either Whitewater or a Clinton campaign for governor. 8. Last Sunday the statute of limitations expired for a variety of civil lawsuits that may be brought against professionals who fraudulently advised corrupt savings associations. 9. McDougal owned Madison Guaranty, the ailing Arkansas savings association that was a client of the Rose Law Firm where Mrs. Clinton was once a partner. 10. Mrs. Clinton has said her work for the savings association was minimal. |