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Madison Guaranty information


Madison Guaranty Savings and Loan Association
Company typeJoint-stock company
IndustryBanking
Founded1979; 45 years ago (1979)
DefunctMarch 2, 1989; 35 years ago (March 2, 1989)
FateBank failure
HeadquartersLittle Rock, Arkansas
OwnerJim McDougal

Madison Guaranty Savings and Loan Association was a savings and loan association based in Little Rock, Arkansas. The company operated from 1979 until 1989 when it was shut down by federal regulators as a result of bank failure, leading to a loss of $60 million for the Federal Deposit Insurance Corporation. Beginning in 1982, the bank was owned and managed by Jim McDougal, a friend of Bill Clinton and Hillary Clinton. On March 8, 1992, during the 1992 United States presidential election the bank was the subject of an article in The New York Times by Jeff Gerth, which linked the bank to Whitewater Development Corporation, owned by McDougal and the Clintons.[1] After Clinton's election as president, the bank was the subject of investigations by the United States Congress and special prosecutor Ken Starr as part of the Whitewater controversy. McDougal was investigated to determine if he improperly diverted money from the bank to Whitewater or the Clinton campaign during the Arkansas gubernatorial election, 1984.

  1. ^ Gerth, Jeff (March 8, 1992). "THE 1992 CAMPAIGN: Personal Finances; Clintons Joined S.& L. Operator In an Ozark Real-Estate Venture". The New York Times.

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Madison Guaranty

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Madison Guaranty Savings and Loan Association was a savings and loan association based in Little Rock, Arkansas. The company operated from 1979 until 1989...

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Whitewater controversy

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Trust Corporation investigator who was looking into the failure of Madison Guaranty Savings and Loan, also owned by Jim and Susan McDougal. Lewis looked...

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George Stephanopoulos

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Jay Stephens to head the Madison Guaranty investigation as well as discussing if Stephens could be removed. The Madison Guaranty investigation would later...

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Suicide of Vince Foster

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Jr.'s Office" (PDF). Final Report of the Independent Counsel in Re Madison Guaranty Savings and Loan Association. Vol. III. Washington, D.C.: United States...

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Jim McDougal

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political scandal of the 1990s. Starting in 1982, McDougal operated Madison Guaranty Savings and Loan Association. McDougal died of a myocardial infarction...

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Vince Foster

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Clintons' financial holdings into a blind trust. He handled the Clintons' Madison Guaranty and Industrial Development Corporation paperwork and also several Whitewater-related...

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Castle Grande

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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...

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United States Department of Justice Office of Special Counsel

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602.1), and President Bill and First Lady Hillary Clinton in the Madison Guaranty/Whitewater case in 1994 (sec. 603.1). After the expiration of the Ethics...

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Linda Tripp

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Vincent W. Foster, Jr. by the Office of Independent Counsel in Re Madison Guaranty Savings and Loan Association. Appendix to Report on the death of Vincent...

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Ken Starr

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Office personnel, potential political abuse of confidential FBI files, Madison Guaranty, Rose Law Firm, Paula Jones lawsuit and, most notoriously, possible...

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Brett Kavanaugh

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Vincent W. Foster, Jr (Report). Office of Independent Counsel in Re Madison Guaranty Savings and Loan Associations. 1997. Archived from the original on...

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Rose Law Firm

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firm while representing Jim McDougal in cases involving the latter's Madison Guaranty and Castle Grande enterprises. The firm's Little Rock building consists...

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Laura Callahan

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Maintained Documents in 'Final Report of the Independent Counsel In Re: Madison Guaranty Savings & Loan Association Regarding Monica Lewinsky and Others (filed...

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185 Montague Street

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185 Montague Street, also known as the National Title Guaranty Company Building, is a commercial building in the Brooklyn Heights neighborhood of Brooklyn...

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Susan Thomases

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and Webster Hubbell to review the firm's records regarding WDC and Madison Guaranty and provide documentation to the Times. Once Bill Clinton was elected...

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United States Senate Whitewater Committee

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conduct an investigation involving Whitewater Development Corporation, Madison Guaranty Savings and Loan Association, Capital Management Services, Inc., the...

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Jeff Gerth

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McDougal. When Clinton was governor, McDougal controlled a bank and Madison Guaranty, a savings and loan. Gerth's stories raised the question of whether...

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383 Madison Avenue

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space at another building instead. Ronson hoped to attract Morgan Guaranty to 383 Madison, but the company indicated in mid-1996 that it was no longer considering...

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United States Bill of Rights

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down any novel principles of government, but simply to embody certain guaranties and immunities which we had inherited from our English ancestors, and...

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