Whitewater Time Line - Washingtonpost.com 1978 Arkansas Attorney General Bill Clinton and Hillary Clinton join with James B. and Susan McDougal to borrow $203,000 to buy 220 acres of land in Arkansas' Ozark Mountains. They soon form the Whitewater Development Corp., intending to build vacation homes. Clinton is elected governor. https://www.washingtonpost.com/wp-srv/politics/special/whitewater/timeline.htm etc. ---