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James B. McDougal
James B. McDougal (August 25, 1940 – March 8, 1998) was a native of White County, Arkansas, and his wife, Susan McDougal (the former Susan Carol Henley), were financial partners with Bill Clinton and Hillary Clinton in the real estate venture that led to the Whitewater political scandal of the 1990s. Starting in 1982, McDougal operated Madison Guaranty Savings and Loan Association. Political career McDougal was a Democrat and a former aide to the late U.S. Senator James William Fulbright. He later was a political science professor at Ouachita Baptist University in Arkadelphia. In 1982, McDougal made a failed bid for the United States House of Representatives against the Republican incumbent John Paul Hammerschmidt in Arkansas's northwesterly Third Congressional District. Hammerschmidt polled 133,909 votes (66 percent) to McDougal's 69,089 (34 percent). Clinton himself had been defeated by Hammerschmidt in the same district in 1974. McDougal entered the political arena aga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White County, Arkansas
White County is a county located in the U.S. state of Arkansas. As of the 2010 census, the population was 77,076. The county seat is Searcy. White County is Arkansas's 31st county, formed on October 23, 1835, from portions of Independence, Jackson, and Pulaski counties and named for Hugh Lawson White, a Whig candidate for President of the United States. It is an alcohol prohibition or dry county, though a few private establishments (such as the Searcy Country Club, and Veterans of Foreign Wars posts in Searcy and Beebe) can serve alcohol. White County comprises the Searcy, AR Micropolitan Statistical Area, which is also included in the Little Rock-North Little Rock, AR Combined Statistical Area. History On May 17, 1862, White County was the site of the Little Red Skirmish between Union Major General Samuel J Curtis and a force of about 100 loosely-organized Confederates, followed by the battle at Whitney Lane in June. also known as The Skirmish at Searcy Landing. Geog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jay Bradford
A jay is a member of a number of species of medium-sized, usually colorful and noisy, passerine birds in the Crow family, Corvidae. The evolutionary relationships between the jays and the magpies are rather complex. For example, the Eurasian magpie seems more closely related to the Eurasian jay than to the East Asian blue and green magpies, whereas the blue jay is not closely related to either. Systematics and species Jays are not a monophyletic group. Anatomical and molecular evidence indicates they can be divided into an American and an Old World lineage (the latter including the ground jays and the piapiac), while the grey jays of the genus ''Perisoreus'' form a group of their own.http://www.nrm.se/download/18.4e32c81078a8d9249800021299/Corvidae%5B1%5D.pdf PDF fulltext The black magpies, formerly believed to be related to jays, are classified as treepies. Old World ("brown") jays Grey jays American jays In culture Slang The word ''jay'' has an archaic me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Medical Center, Fort Worth
The Federal Medical Center (FMC) Fort Worth is an administrative-security United States federal prison in Fort Worth, Texas, for male inmates of all security levels with special medical and mental health needs. It is operated by the Federal Bureau of Prisons, a division of the United States Department of Justice. Originally opening as a Federal Correctional Institution in 1971, the institution was converted to a Federal Medical Center in 1994. At the end of 2006, FMC Fort Worth was returned to FCI status. As of 2017, FMC Fort Worth was again converted back to a Federal Medical Center. Notable incidents In February 2012, Michele O'Neal, a correctional officer at the facility, resigned after being charged with sexual abuse of a ward for engaging in a consensual sexual relationship with an inmate at the facility, whom the Federal Bureau of Prisons did not identify. O'Neal pleaded guilty in July, was assigned inmate number 44097-177, and was released in April 2013. In October 2012, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-recourse Loan
Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non-recourse) is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender can seize and sell the collateral, but if the collateral sells for less than the debt, the lender cannot seek that deficiency balance from the borrower—its recovery is limited only to the value of the collateral. Thus, nonrecourse debt is typically limited to 50% or 60% loan-to-value ratios, so that the property itself provides "overcollateralization" of the loan. The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have sig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seth Ward (Whitewater)
Castle Grande was a real estate development in Arkansas about 10 miles south of Little Rock. It came into National news as a result of the Whitewater investigations. The project was a lot where Jim McDougal hoped to build a microbrewery, shopping center, a trailer park and other future projects in 1985. The land was scrub pine forest that had failed already as an industrial development. The sales price was $1.75 million. State regulations prohibited Jim McDougal from investing more than 6% of his Madison Guaranty S&L assets. So, he put in $600,000 of Madison money and then for the difference had Seth Ward put in the remaining $1.15 million. This money Ward borrowed from Madison Guaranty on non-recourse, no personal obligation to repay. If federal regulators found out, McDougal's S&L could be shut down, since it had already been operating under orders to correct its lending practices. Seth Ward Seth Ward, an Arkansas businessman and Webster Hubbell's father-in-law, was hired by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Castle Grande
Castle Grande was a real estate development in Arkansas about 10 miles south of Little Rock. It came into National news as a result of the Whitewater controversy, Whitewater investigations. The project was a lot where Jim McDougal hoped to build a microbrewery, shopping center, a trailer park and other future projects in 1985. The land was scrub pine forest that had failed already as an industrial development. The sales price was $1.75 million. State regulations prohibited Jim McDougal from investing more than 6% of his Madison Guaranty Savings and loan association, S&L assets. So, he put in $600,000 of Madison money and then for the difference had Seth Ward put in the remaining $1.15 million. This money Ward borrowed from Madison Guaranty on non-recourse, no personal obligation to repay. If federal regulators found out, McDougal's S&L could be shut down, since it had already been operating under orders to correct its lending practices. Seth Ward Seth Ward (Whitewater), Seth War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cashier's Check
A cashier's check (or cashier's cheque, cashier's order) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions. Genuine cashier's checks deposited into a bank account are usually cleared the next day. The customer can request "next-day availability" when depositing a cashier's check in person. Forged cashier's checks may bounce 2 weeks after being deposited. When cashier’s checks took weeks to clear the banks, they were often forged in fraud schemes. The recipient of the check would deposit it in their account and withdraw funds under next-day availability, assuming it was legitimate. The bank might not be informed the check was fraudulent until, perhaps, weeks after the customer had withdrawn funds made available by the fraudulent deposit, by wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rose Law Firm
Rose Law Firm is an American law firm headquartered in Little Rock, Arkansas. It dates its origins to November 1, 1820, sixteen years before Arkansas statehood, when Robert Crittenden, born 1797, and Chester Ashley, born 1791, entered into an agreement for a "Partnership in the Practice of Law". As such, it is the third oldest law firm in the United States and the oldest west of the Mississippi River. It is also the oldest company of any kind in Arkansas. In 2018, the firm elected its first female managing member. In 2020, the firm celebrated its 200th birthday. History Early history – 1820–1865 The Rose Law Firm dates its formation to the 1820 partnership of Crittenden and Ashley, whose handwritten law partnership agreement hangs in the Rose boardroom. Robert Crittenden served as Arkansas' territorial governor and negotiated Arkansas' admission to the United States as the 25th state in 1836. Chester Ashley served as a United States Senator from Arkansas. Between 1837 an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vacation Home
A holiday cottage, holiday home, vacation home, or vacation property is accommodation used for holiday vacations, corporate travel, and temporary housing often for less than 30 days. Such properties are typically small homes, such as cottages, that travelers can rent and enjoy as if it were their own home for the duration of their stay. The properties may be owned by those using them for a vacation, in which case the term second home applies; or may be rented out to holidaymakers through an agency. Terminology varies among countries. In the United Kingdom this type of property is usually termed a ''holiday home'' or ''holiday cottage''; in Australia, a ''holiday house/home'', or ''weekender''; in New Zealand, a ''bach'' or ''crib''. Characteristics and advantages Today's global short-term vacation property rental market is estimated to be worth $100 billion. The holiday cottage market in both Canada and the UK is highly competitive – and big business. Numbers United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ozark Mountains
The Ozarks, also known as the Ozark Mountains, Ozark Highlands or Ozark Plateau, is a physiographic region in the U.S. states of Missouri, Arkansas, Oklahoma and the extreme southeastern corner of Kansas. The Ozarks cover a significant portion of northern Arkansas and most of the southern half of Missouri, extending from Interstate 40 in Arkansas, Interstate 40 in central Arkansas to Interstate 70 in Missouri, Interstate 70 in central Missouri. There are two mountain ranges in the Ozarks: the Boston Mountains of Arkansas and the St. Francois Mountains of Missouri. Buffalo Lookout, the highest point in the Ozarks, is located in the Boston Mountains. Geologically, the area is a broad dome (geology), dome with the exposed core in the ancient St. Francois Mountains. The Ozarks cover nearly , making it the most extensive highland region between the Appalachian Mountains, Appalachians and Rocky Mountains, Rockies. Together with the Ouachita Mountains, the area is known as the U.S. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ken Starr
Kenneth Winston Starr (July 21, 1946 – September 13, 2022) was an American lawyer and judge who authored the Starr Report, which led to the impeachment of Bill Clinton. He headed an investigation of members of the Clinton administration, known as the Whitewater controversy, from 1994 to 1998. Starr previously served as a federal appellate judge on the U.S. Court of Appeals for the District of Columbia Circuit from 1983 to 1989 and as the U.S. solicitor general from 1989 to 1993 during the presidency of George H. W. Bush. Starr received the most public attention for his tenure as independent counsel while Bill Clinton was U.S. president. Starr was initially appointed to investigate the suicide of deputy White House counsel Vince Foster and the Whitewater real estate investments of Clinton. The three-judge panel charged with administering the Ethics in Government Act later expanded the inquiry into numerous areas including suspected perjury about Clinton's sexual affair w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loan
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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