Bill Clinton


What was Whitewater?

Whitewater refers to a failed land deal by Jim and Susan McDougal and Bill and Hillary Clinton. McDougal convinced Clinton to invest money in a land development project. The four agreed to buy more than 230 acres of land in the Ozark Mountains in Arkansas, which they hoped they would sell for a handsome profit. Pursuant to that plan, the four formed the Whitewater Development Corporation. The Clintons claimed that McDougal was the active partner and that they were passive silent partners. James and Susan McDougal faced criminal charges, but the Clintons were never charged with a crime. James McDougal faced many criminal charges for fraud for allegedly using proceeds from federally insured savings and loans to pay for the land.


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