"Maxprop" wrote
....., Whitewater paved the way for unrepentant corporate greed. ....

Whitewater was but a tiny part of the national Savings and Loan scam that
ended up costing every man, woman and child in America about $7000! Our
beloved RR set the stage for that scam by removing the regulations that had
prevented it. Worked like this:

'A' buys a 100 acre farm for $10,000, $500 down and the rest financed by the
S&L. Then he has a respected public figure (Hillary) buy one acre for
$10,000 by promisinng to buy it back for $20,000 in 90 days. This
establishes that the other 99 acres are also worth as much. Then he sells
the 99 acres to a corporation he established for that purpose for $990,000,
making a handsome profit on his $500 investment even after paying off the
$9500 loan at the S&L and giving Hillary $20,000. The New Corp finances all
but 5% of the purchase with the S&L then goes bankrupt, leaving the S&L and
the gummymint holding the bag --- all legal thanks to RR's deregulation.