'''Madison Guaranty Savings''' ('''MGS''' or '''MGSL''') was a savings and loan institution in [[Arkansas]] owned on by [[James McDougal]]. McDougal and his wife Susan were partners with [[Bill Clinton]] and [[Hillary Rodham Clinton]] in the [[Whitewater Development Corporation]] with funds loans from Madison Guaranty. Madison Guaranty Savings had been taken over by the Resolution Trust Corporation (RTC) in the early 1990s due to fraud and mismanagement.
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'''Madison Guaranty Savings''' ('''MGS''' or '''MGSL''') was a savings and loan institution in [[Arkansas]] owned on by [[James McDougal]]. McDougal and his wife Susan were partners with [[Bill Clinton]] and [[Hillary Rodham Clinton]] in the [[Whitewater Development Corporation]] with loans from Madison Guaranty. Madison Guaranty Savings had been taken over by the Resolution Trust Corporation (RTC) in the early 1990s due to fraud and mismanagement. Madison guarantee had been looting depositors money for loans to insiders.
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Governor Bill Clinton headed the state regulatory agency to oversee Madison Guaranty Savings.