Posted by ESC on March 16, 2004
In Reply to: Espression: whitewater posted by HCD on March 16, 2004
: Hi, who can help me with the expression: Whitewater charges.Because of the Martha trial in the USA, she was convicted for whitewater charges. What does it mean?
Whitewater, popular name for a failed 1970s Arkansas real estate venture by the Whitewater Development Corp., in which Governor (later President) Bill Clinton and his wife, Hillary Rodham Clinton, were partners; the name is also used for the political ramifications of this scheme.
Whitewater was backed by the Madison Guaranty Savings and Loan, which went bankrupt in 1989. The controlling partners in both the land deal and the bank were friends of the Clintons, James and Susan McDougal... Although nothing conclusive concerning the Clintons' involvement in the Whitewater deal was proved in the congressional or special prosecutor's inquiries, Republicans charged Hillary Clinton with having sought to suppress politically damaging information and accused Clinton administration officials of lying under oath.
In early 1998, Starr won authorization to expand his investigation to include the Lewinsky scandal, and questions about Monica Lewinsky's relationship with Clinton quickly overshadowed Whitewater matters. However, in late 1998, when Starr presented his case for impeachment of the president for his attempts to conceal the Lewinsky affair, he indicated that his office had no impeachable evidence in the Whitewater matters. Starr resigned in Oct., 1999, and was succeeded by Robert W. Ray, the senior litigation counsel in Starr's office. In Sept., 2000, Ray ended the Whitewater inquiry, stating there was insufficient evidence to prove that President Clinton or his wife had committed any crime in connection with the failed real estate venture or the independent counsel's investigation into it; the final report was issued 18 months later. Susan McDougal was pardoned by President Clinton in Jan., 2001, shortly before he left office.
See J. B. Stewart, Blood Sport: The President and His Adversaries ; M. Isikoff, Uncovering Clinton ."