Word: latham
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Hillary suggested Madison Guaranty pay the firm a monthly retainer, and McDougal seemed surprisingly amenable. "Two thousand a month should cover it," he suggested. The details he'd leave to Latham, McDougal added, though he assumed Hillary would be the partner in charge and would get credit within the firm for the business. As he saw it, the whole matter was a favor to the Governor...
...turn of events came as a surprise to Massey, the Rose associate who ended up doing most of the work. Latham called Massey shortly after to discuss a stock offering the S&L wanted to make. It was the first Massey knew of Madison Guaranty's having become a client...
...idea of suing former clients on behalf of Washington, but after a series of acrimonious meetings, Hillary's view prevailed. But first Rose had to free itself of any potential conflicts, which meant ending its retainer with Madison. Hillary did so by writing a letter to McDougal and Latham in July...
What Massey did not do was back up the First Lady's recollection that it was he who brought together Madison and Rose. He remembered only having made an unsuccessful pitch to Madison's president, John Latham, and told the committee he didn't recall how the work eventually ended up with Rose. McDougal has claimed it happened via Bill Clinton, who stopped by his office on a jogging run and asked him to pass business along to his wife. It's a story both Clintons deny...
...sworn testimony to the Resolution Trust Corporation that her work on Madison started in 1985 after Massey asked her to consider bringing on the S & L as a client. "I don't believe it happened that way," Massey told Senators Thursday. He did admit to pitching Madison President John Latham on Rose's services, but said Latham told him only James McDougal, the S & L's owner, could retain Rose. To many questions posed by the Whitewater committee, Massey either could not remember the details, or had little to say. "It was mostly a fizzle for Al D'Amato...