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    "ocrText": "report's original figure was $68,900 -- was this $20,700 check written\nin February of 1982. Along with that were $1,500 in interest payments.\nNow, what happened when Jim McDougal stated on ABC News that he\ndidn't believe that was Whitewater related was that we began to\ninvestigate. The President was in the process of editing his mother's\nmemoir or book, and one of the things she described in there was how he\nhad helped her purchase a house outside of Hot Springs on Lake Hamilton.\nIt was that that jogged his recollection. We very shortly thereafter\nwere able to get bank documents that established there had indeed been,\nas McDougal recalled, a $20,000 loan taken out by Bill Clinton in May of\n1981, and repaid in February of 1982.\nNow, the Clintons believed at the time that that was Whitewater\nrelated. It was a 10-year-old check. It was to the same bank that they\nhad another loan -- this is complicated, but let me -- in order to\nunderstand how they could have believed this to be Whitewater related,\nI've got to tell another story about the aptly named Lot 13 transaction.\nThe recession had hit, sales were slow. In 1980, Jim McDougal\nwanted to put up a demonstrator house at Whitewater Estates to show how\na cabin or a house there would look. He asked Hillary Clinton to borrow\n$30,000 from, as it then was, the Bank of Kingston, so that the company\ncould put up a lot and then the company would sell the house and the lot\n-- put up a house on it. The company would sell the house and the lot.\nAll this happened. She borrowed the money. The company erected\nthe house. She took title to the property, but within a year the\ncompany sold on an escrow contract that Lot 13 and the house. Now, that\nleft her an obligor on the $30,000 note and without any asset to back it\nup. But the arrangement was that the owner, the buyer, would continue\nto pay down that loan of $30,000. In overtime it would be paid out.\nAs luck would have it, the buyer, Hillman Logan, went bankrupt\nsometime in the mid-1980s. The lot and the house on Lot 13 became an\nasset of the bankruptcy estate and the Clintons, in 1987 or 1988, had to\ngo in and buy out that -- because the later payments, you see, interest\npayments, beginning in '86, are not interest payments on the two loans I\njust described, but rather on the third loan from Madison Bank and\nTrust. It had been moved to another bank in later years.\nThey were able, however -- they had to make payments in '86,\n'87, and '88, when the bankrupt couldn't make the payments. They were\nable, though to buy the property out on a quick claim duty for $8,000,\nturn around and sell it in 1988 for -- (inaudible) --treated that as a\nWhitewater profit, although, again, it was the result of a Whitewater\n5"
}