Webster Hubbell
Hubbell served on the Resolution Trust Corporation (RTC) during its takeover of the Madison Savings Corporation and Loan, owned by Whitewater partner James McDougal and previously represented by Hubbell. Hubbell failed to inform the RTC of the potential conflict.[1]
Unofficially, Hubbell was the second victim of Whitewater, following White House counsel Bernard Nussbaum's forced resignation for questionable meetings with federal regulators looking into the Whitewater Development Corporation real-estate investments. Nussbaum had been responsible for removing Whitewater files and Vince Foster's diary from Foster's office less than three hours after Foster's death from a gunshot wound. He was accompanied on that visit by Patsy Thomasson.
Foster's last weekend had been spent in the company of Webster Hubbell, his wife and another couple, White House counsel Michael Cardozo and his wife. Hubbell joined the group in Maryland after leaving the meeting that informed William Sessions of his dismissal as FBI director. After returning from a Hawaiian vacation, Bill Clinton spent that weekend in Arkansas dining with David Edwards, a former Stephens Inc. employee and conduit for $23 million from the king of Saudi Arabia for the Middle Eastern studies program at the University of Arkansas. Clinton had one last twenty minute conversation with Foster the Monday night before his death.[2] Oddly, one of Foster's last phone conversations on the morning of his death was with Brantley Buck, the Rose Law Firm partner assigned to investigate Webster Hubbell and Park-On-Meter (POM),[3] an Arkansas firm the Clinton machine attempted to use to muscle in on as the CIA's choice as a domestic arms manufacturer with untraceable serial numbers for the Nicaraguan Contras. The firm was owned by Webster Hubbell's father-in-law, Seth Ward. The CIA already had its own manufacturer in New Jersey and was planning to relocate it to Arkansas, closer to the Mena airport. The sloppiness, cronyism, lack of security, and presumptiveness of the Bill Clinton's Arkansas political machine jeapordized the Iran-Contra operation.