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Jackson Stephens: Hillary Clinton
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Stephens was ... the biggest financial backer of the Clinton-Gore campaign. The Little Rock investment banker had supported Clinton in each of his campaigns for governor, raised $100,000 in contributions for the 1992 Clinton-Gore campaign, and extended a $3.5 million line of credit to the campaign through his bank. Hillary Rodham Clinton, while a partner at the Rose law firm in Little Rock, had represented a company controlled by the Stephens family.
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Harken Energy, with George W Bush on the board, gets rescued by aid from the BCCI-connected Union Bank of Switzerland in a deal brokered by Jackson Stephens, later to show up as a key supporter of Bill Clinton. The deal was ... pushed along by another Clinton friend, David Edwards. Edwards will bring BCCI-linked investors into Harken deals including Abdullah Bakhsh, purchases $10 million in shares of Stephens dominated Worthen Bank.
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[T]he Stephens family disliked Clinton, consistently bankrolling candidates who ran against him as governor. Reportedly, Witt Stephens (Jackson's brother) habitually referred to Clinton as "that boy." The Stephens clan evidently had a major change of heart when it appeared that George Bush's presidency was doomed and That Boy Bill was the likeliest successor.
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Stephens' Worthen Bank gives Clinton a $3.5 million line of credit allowing the cash-strapped candidate to finish the primaries. Little Rock Worldwide Travel provides Clinton with $1 million in deferred billing for his campaign trips. Without the Worthen and Worldwide largess, it is unlikely that the cash-strapped candidate could have survived through the later primaries.
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Stephens was a financial angel to both Bill Clinton and George W. Bush. He gave final impetus to Clinton’s cash-strapped presidential campaign with a large “loan” from his Worthen bank. Stephens (along with the Harvard University endowment) rescued one of Dubya’s companies from bankruptcy with sizeable investments.
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In 1984, Lippo and Stephens joined forces to buy a 30 percent stake in Worthen Bank Corp. One of Worthen's stockholders during this period was lawyer Joseph Giroir, who was then managing partner at the Rose Law Firm. Also present at the firm were Hillary Clinton, Webster Hubbell, and the late Vincent Foster.6
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