Chris Wade (real Estate Broker)
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Chris Wade (real Estate Broker)
Christopher Wade is a retired real estate broker/owner of Ozarks Realty Company in Flippin, Arkansas. He was the real estate agent associated to the Clinton's Whitewater controversy in Arkansas. Career Wade was a real estate broker/owner of Ozarks Realty Company in Flippin, Arkansas. In 1974, Wade was Realtor of the Year in Arkansas. Personal Wade's father was Milton Wade, who started in real estate in the 1960s. In February 1971, the Wade family purchased the real estate company. Wade's ex-wife Rosalee is currently the Principal Broker of Ozarks Realty Company. Whitewater controversy Chris Wade was the real estate broker for Jim McDougal and Bill Clinton for the Whitewater Development Corporation. He sold the lots for the Clintons and McDougals. He ended up buying some of the land from them. In 1985, Jim McDougal traded the few remaining Whitewater lots to Wade for an airplane and the assumption of $35,000 in bank debt to 1st Ozark. The Clintons and McDougals were still pe ...
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Whitewater Controversy
The Whitewater controversy, Whitewater scandal, Whitewatergate, or simply Whitewater, was an American political controversy during the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim McDougal and Susan McDougal, in the Whitewater Development Corporation. This failed business venture was incorporated in 1979 with the purpose of developing vacation properties on land along the White River near Flippin, Arkansas. A March 1992 ''New York Times'' article published during the 1992 U.S. presidential campaign reported that the Clintons, then governor and first lady of Arkansas, had invested and lost money in the Whitewater Development Corporation.Jeff Gerth"Clintons Joined S.& L. Operator In an Ozark Real-Estate Venture" ''The New York Times'', March 8, 1992. Accessed April 30, 2007. The article stimulated the interest of L. Jean Lewis, a Resolution Trust Corporation investigator who was looking into the ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person ...
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Broker
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. Definition A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property. Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers for the perf ...
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Flippin, Arkansas
Flippin is a city in Marion County, Arkansas, United States. The population was 1,345 at the 2020 census. The city was named for the Thomas H. Flippin family and was incorporated in 1921. The Thomas H. Flippin Chapter of the Arkansas State Society, National Society United States Daughters of 1812, was named for the military service of SGT Thomas H. Flippin of Captain Hugh Brown’s Company, 1st Regiment, Kentucky Mounted Militia during the War of 1812. Geography Flippin is located in eastern Marion County north of US 412/ 62, in the Ozarks south of Bull Shoals Lake. The town lies west of the White River. US 412/62 leads southwest to Yellville, the Marion county seat, and northeast to Mountain Home. According to the United States Census Bureau, the city of Flippin has a total area of , all land. Climate The climate in this area is characterized by hot, humid summers and generally mild to cool winters. According to the Köppen Climate Classification system, Flippin has a ...
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Jim 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 ...
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Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ...
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Whitewater Development Corporation
The Whitewater controversy, Whitewater scandal, Whitewatergate, or simply Whitewater, was an American political controversy during the 1990s. It began with an investigation into the real estate investments of Bill and Hillary Clinton and their associates, Jim McDougal and Susan McDougal, in the Whitewater Development Corporation. This failed business venture was incorporated in 1979 with the purpose of developing vacation properties on land along the White River near Flippin, Arkansas. A March 1992 ''New York Times'' article published during the 1992 U.S. presidential campaign reported that the Clintons, then governor and first lady of Arkansas, had invested and lost money in the Whitewater Development Corporation.Jeff Gerth"Clintons Joined S.& L. Operator In an Ozark Real-Estate Venture" ''The New York Times'', March 8, 1992. Accessed April 30, 2007. The article stimulated the interest of L. Jean Lewis, a Resolution Trust Corporation investigator who was looking into the f ...
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Savings And Loan Association
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lendin ...
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Special Prosecutor
In the United States, a special counsel (formerly called special prosecutor or independent counsel) is a lawyer appointed to investigate, and potentially prosecute, a particular case of suspected wrongdoing for which a conflict of interest exists for the usual prosecuting authority. Other jurisdictions have similar systems. For example, the investigation of an allegation against a sitting president or attorney general might be handled by a special prosecutor rather than by an ordinary prosecutor who would otherwise be in the position of investigating their own superior. Special prosecutors also have handled investigations into those connected to the government but not in a position of direct authority over the Justice Department's prosecutors, such as cabinet secretaries or election campaigns. While the most prominent special prosecutors have been those appointed since the 1870s to investigate presidents and those connected to them, the term can also be used to refer to any pro ...
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Kenneth 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 wit ...
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Bill Clinton Pardons Controversy
Bill Clinton was criticized for some of his presidential pardons and acts of executive clemency. Pardoning or commuting sentences is a power granted by the Constitution to sitting U.S. presidents. Scholars use two different models to describe the pardons process. Clinton used the presidential model, viewing the pardon power as a convenient resource that could be used to advance specific policy goals. In contrast, the agency model views the pardons process as process driven by nonpolitical legal experts in the Department of Justice. Clinton chose to make nearly a third of them on January 20, 2001, his last day in office. This was ridiculed as Pardongate. While Clinton pardoned a large number (450) of people compared with his immediate one-term predecessor Republican George H. W. Bush, who pardoned only 75, the number of people pardoned by Clinton was comparable to that pardoned by two-term Republican Ronald Reagan and one-term Democrat Jimmy Carter, who pardoned 393 and 534 respec ...
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The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer (financier), Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine Graham, Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into ...
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