>> 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 now 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 more puzzling and pertinent questions m...