his personal life and business dealings. >> the white house is anticipating questions about whitewater. >> the whitewater controversy. >> whitewater. >> whitewater. >> whitewater affair. >> the president, the first lady, a bad real estate deal, a failed s&l. >> whitewater, nobody knew what whitewater was. >> the story begins in 1978. hillary and bill clinton when bill was governor of arkansas invested in a land development project. it was a fiasco. >> the clintons say they lost almost $70,000. their partners are the focus of widening federal and congressional investigations. >> the press starts asking more and more questions. who was involved? where did the money go? what happened to all the records? >> the most puzzling and important questions may concern whether the white house engaged in a cover up. >> in washington by the '90s, there was a giant scandal machine. i was part of the scandal machine. i remember having this kind of uneasy sensation that what began with watergate, which is a noble