By Editorial Staff
Published May 2, 2008
- or –
The paperless office is pioneered by the Rose Law Firm
By Nicholas A. Guarino
Will Bill and Hillary be indicted for masterminding all the land deals that fall under the label Whitewater?
I expect they eventually will – not because of existing documents – but because of the testimony of subpoenaed people. The few remaining documents will play a supporting role, but frankly, friend, there aren’t many left. According to grand jury testimony: On February 3, 1994, right after Fiske became special counsel for Whitewater, the nice folks at the Rose Law Firm fired up their high-speed Ollie-o-Matic paper shredder and ordered courier Jeremy Hedges to slice ‘n dice his way into the history books by destroying twelve (12) cartons full of Whitewater documents. As far as anyone knows, Rose now has no more Whitewater records than you do.
Actually, a lot of the usual documents were never created in the first place. For instance, there was no written partnership agreement (don’t try this at home). No transactions were written up, even though Clinton’s real estate agent says there were $300,000 in sales. No deeds were ever recorded. And if any interest was paid on bank loans, the payment checks are missing.
Plus, after Whitewater, Bill got very smart and kept his name completely out of every subsequent deal he cut. But the Whitewater monies, probably several million, ricocheted from shell company to shell company like the basketball in a Harlem Globetrotters warmup drill, and every dollar wound up in the proper pocket. Beneficiaries included many of the biggest names in Arkansas – like Gov. Tucker, Seth Ward, and some very powerful executives from outfits like Wal-Mart and Tyson’s Chicken – Clinton campaign backers all. (Campaign records for 1982 and 1984, the two most suspicious years, have also been studiously shredded.)
And Bill, who entered public office with nothing but debts, and who never made over $35,000 a year as governor, is now worth about four to five million. A real rags-to-riches, American success story, isn’t it? Kind of puts a lump in your throat. But there’s one other reason for Bill’s success. In a word, Hillary.
Why the Feds Settled for $1 Million … on $60 Million in Debts
ITEM: When Madison Guaranty folded, it was somewhere between $47 and $68 million in the hole. The tab has settled at $65 million.
ITEM: One of the biggest defaults was $600,000 in loans to one of Madison’s own directors, Seth Ward, who is the father-in-law of Webb Hubbell. Webb happened to be Hillary’s law partner and until April  was the No. 3 man at the Justice Department – and assigned to investigate Whitewater!
ITEM: When the RTC cleanup crew took over Madison, Hillary had been on retainer to Madison [Guaranty S&L] for many months.
Then the RTC lawsuit sought $60 million from Madison Guaranty’s debtors. Here’s what happened:
1. Hillary negotiated the RTC down from $60 million to $1 million. What a talker!
2. Hillary then got the RTC to forgive the $600,000 debt Seth Ward owed the RTC – every penny of it – thus leaving the RTC with $400,000 [out of the $60 million owed.]
3. But wait! Hillary did these two deeds as the counsel for the RTC, not Madison. Incredible as it sounds to those of us who have to live in the real world, Hillary got herself hired by the RTC, and in that position, from the Government side, she talked them down to $1 million.
4. Her fee for the RTC job was (pure coincidence) $400,000. Which left the government with $400,000 minus $400,000 … or in technical accounting terms, zippo.
5. And who do you suppose was the mastermind who conned the RTC into hiring Madison Guaranty’s own Hillary to prosecute Madison Guaranty? None other than the late Vince Foster! When he made his pitch to the RTC, he neglected to tell them about Hillary’s retainer with Madison Guaranty. In fact, he even wrote them a letter stating that the Rose Law Firm didn’t represent thrifts!
Vince and Hillary were, by the way, very, uh, close. Not only were they partners at Rose, but there’s no shortage of people who saw them hugging and smooching in public. Arkansas troopers say that when Bill took a trip on state business, Vince was often at the mansion gates within minutes – and would stay till the wee hours. They also spent a few weekends together at the Rose vacation cabin in the mountains. And when Hillary filed for divorce from Bill in 1986, Vince was right there at her side. (She withdrew the suit later on.)
178 Years in Club Fed
Nobody ever accused Bill Clinton of being stupid. As proof, look at the Congressional hearings. What a hoot! Bill had them stacked so that fully 99% of all Whitewater crimes were off limits!
This left our dignified Congressmen sternly chasing the remaining 1% of petty misdemeanors with hardly a mention of fourteen years of felonies: shell games, killings, break-ins, coverups, threats, bribes, thefts, check kiting, payoffs, arson, money laundering, fraud, influence of testimony, tampering with witnesses, you name it … And Bill managed to focus 100% of the attention on [Roger] Altman, [Bernard] Nussbaum, [Lloyd] Cutler and others, with none of it on himself. You have to admit, that’s pretty smart maneuvering.
The American Spectator added up two pages of Bill’s alleged crimes, and the total potential penalties came to $2.5 million in fines and 178 years in prison. And they just listed the piddly stuff, like tax fraud and soliciting bribes; they didn’t even mention the heavier incidents I listed above! (They did include a short roster of Hillary’s much lighter penalties, totaling only $1.2 million and 47 years.)
Is such punishment excessive? I think not. Even if you ignore the mayhem, the Clinton economic damage has been severe. Counting Clinton’s Arkansas Development Finance Authority, which never awarded a bond grant without a major campaign contribution and Bill’s signature, he sucked over a billion dollars from state and federal taxpayers. Please forgive me for sounding dramatic, but this is a dark day for the republic.
EDITOR’S NOTE: Nicholas A. Guarino’s firm once held $10 million in Madison Guaranty S&L.
Forerunner - Home » Pass The Word » Pass The Word - May/June 1996
Your comments are welcome!
High Quality Paperback — 200 pages
A Reasonable Response to Christian Postmodernism
Includes a response to the book Christian Jihad by Colonel V. Doner
The title of this book is a misnomer. In reality, I am not trying to get anyone to shut up, but rather to provoke a discussion. This book is a warning about the philosophy of “Christian postmodernism” and the threat that it poses not only to Christian orthodoxy, but to the peace and prosperity our culture as well. The purpose is to equip the reader with some basic principles that can be used to refute their arguments.
Part 1 is a response to some of the recent writings by Frank Schaeffer, the son of the late Francis Schaeffer. This was originally written as a defense against Frank’s attacks on pro-life street activism – a movement that his father helped bring into being through his books, A Christian Manifesto, How Should We Then Live? and Whatever Happened to the Human Race? These works have impacted literally hundreds of thousands of Christian activists.
Part 2 is a response to Colonel Doner and his book, Christian Jihad: Neo-Fundamentalists and the Polarization of America. Doner was one of the key architects of the Christian Right that emerged in the 1980s, who now represents the disillusionment and defection many Christian activists experienced in the 1990s and 2000s. There is still great hope for America to be reformed according to biblical principles. As a new generation is emerging, it is important to recognize the mistakes that Christian activists have made in the past even while holding to a vision for the future.
$14.95 — ORDER NOW!(We accept all major credit cards and PayPal.)
Special Two-Disc Set!
After 40 years of intense study and world-wide ministry, Dr. Francis Schaeffer completed his crowning work of scholarship – to present profound truths in simple film language. Dr. Schaeffer’s brilliant analysis of the past and predictions for current trends have proven so uncannily accurate that this amazing series still feels contemporary almost three decades after its initial release. Ultimately, Schaeffer concludes that man’s only hope is a return to God’s Biblical absolute, the truth revealed in Christ through the Scriptures.
Available for the first time on DVD, this documentary spectacular also includes intimate in-depth conversations with Francis and Edith Schaeffer. With the on-disc study guide, this presentation forms a unique course of comprehensive study. While this series forms an innovative analysis of the past, this outstanding work is more than history. Each episode focuses on a significant era, yet speaks clearly to 21st-century man with answers for modern problems.
$49.95 — ORDER NOW!(We accept all major credit cards and PayPal.)
Download the Free Study Guide!
God’s Law and Society powerfully presents a comprehensive worldview based upon the ethical system found in the Law of God.
Speakers include: R.J. Rushdoony, George Grant, Howard Phillips, R.C. Sproul Jr., Ken Gentry, Gary DeMar, Jay Grimstead, Steven Schlissel, Andrew Sandlin, Eric Holmberg, and more!
Sixteen Christian leaders and scholars answer some of the most common questions and misconceptions related to this volatile issue:
1. Are we under Law or under Grace?
2. Does the Old Testament Law apply today?
3. Can we legislate morality?
4. What are the biblical foundations of government?
5. Was America founded as a Christian nation?
6. What about the separation of Church and State?
7. Is neutrality a myth?
8. What about non-Christians and the Law of God?
9. Would there be “freedom” in a Christian republic?
10. What would a “Christian America” look like?
Perfect for group instruction as well as personal Bible study.
Ten parts, over four hours of instruction!
Running Time: 240 minutes
Watch over 60 on-line video interviews from God’s Law and Society.
$19.95 — ORDER NOW!(We accept all major credit cards and PayPal.)
“Give me liberty or give me death!”
Patrick Henry’s famous declaration not only helped launch the War for Independence, it also perfectly summarized the mindset that gave birth to, and sustained, the unprecedented experiment in Christian liberty that was America.
The freedom our Founders envisioned was not freedom from suffering, want, or hard work. Nor was it freedom to indulge every appetite or whim without restraint—that would merely be servitude to a different master. No, the Founders’ passion was to live free before God, unfettered by the chains of autocracy, shackles that slowly but inexorably bind men when the governments they fashion fail to recognize and uphold freedom’s singular, foundational truth: that all men are created in the image of God, and are thereby co-equally endowed with the right to “life, liberty, and the pursuit of happiness.”
This presentation is a similar call, not to one but many. By reintroducing the principles of freedom that gave birth to America, it is our prayer that Jesus, the true and only ruler over the nations, will once again be our acknowledged Sovereign, that we may again know and exult in the great truth that “where the Spirit of the LORD is, there is liberty” (2 Cor. 3:17).
Welcome to the Second American Revolution!
This DVD features “Liberty: The Model of Christian Liberty” along with “Dawn’s Early Light: A Brief History of America’s Christian Foundations.” Bonus features include a humorous but instructive collection of campaign ads and Eric Holmberg’s controversial YouTube challenge concerning Mitt Romney’s campaign for president.
$14.95 — ORDER NOW!(We accept all major credit cards and PayPal.)
Who is the Real Jesus?
Ever since the dawn of modern rationalism, skeptics have sought to use textual criticism, archeology and historical reconstructions to uncover the “historical Jesus” — a wise teacher who said many wonderful things, but fulfilled no prophecies, performed no miracles and certainly did not rise from the dead in triumph over sin.
Over the past 100 years, however, startling discoveries in biblical archeology and scholarship have all but vanquished the faulty assumptions of these doubting modernists. Regrettably, these discoveries have often been ignored by the skeptics as well as by the popular media. As a result, the liberal view still holds sway in universities and impacts the culture and even much of the church.
The Real Jesus explodes the myths of these critics and the movies, books and television programs that have popularized their views. Presented in ten parts — perfect for individual, family and classroom study — viewers will be challenged to go deeper in their knowledge of Christ in order to be able to defend their faith and present the truth to a skeptical modern world – that the Jesus of the Gospels is the Jesus of history — “the same yesterday, today and forever” (Hebrews 13:8). He is the real Jesus.
Speakers include: George Grant, Ted Baehr, Stephen Mansfield, Raymond Ortlund, Phil Kayser, David Lutzweiler, Jay Grimstead, J.P. Holding, and Eric Holmberg.
Ten parts, over two hours of instruction!
Running Time: 130 minutes
$19.95 — ORDER NOW!(We accept all major credit cards and PayPal.)