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Terry McAuliffe silent on union-connected loan
Washington Times ^ | October 25, 2013 | Jim McElhatton

Posted on 10/25/2013 2:41:45 AM PDT by Cincinatus' Wife

Terry McAuliffe has promised voters he is committed to transparency, but in the final days of a Virginia governor’s race he leads, the Democrat has steadfastly refused to explain a complicated financial arrangement involving several family trusts and a union-owned insurance and investment company.

For the arrangement, known in real estate parlance as a covenant not to encumber, Mr. McAuliffe — along with two other trustees for family trusts in his wife’s name — asked a bank for a $750,000 letter of credit “for the benefit of” Union Labor Life Insurance Co., or Ullico, the union-owned company that came under a congressional investigation a decade ago for risky investments.

As part of the deal, new liens or sales contracts could not be placed on the family’s home in McLean, Va., without the bank’s permission, according to land records that The Washington Times located in Fairfax County.

The document was signed by Mr. McAuliffe and his wife as owners of their home property that was used in the transaction.

[SNIP]

The covenant between Mr. McAuliffe and Ullico appears to have escaped notice during a 2003 U.S. House investigation into how the company lost so much money in Global Crossing.

The Times was alerted to the document, sitting in a county records office, by a former labor official and prominent Democrat who was familiar with Ullico’s loan arrangement with McAuliffe......

[SNIP]

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: mcauliffe; terrymcauliffe

1 posted on 10/25/2013 2:41:45 AM PDT by Cincinatus' Wife
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Who coined the phrase: “Terry, the punk, McAuliffe”.

And what kind of pussy name is McAuliffe anyway?


2 posted on 10/25/2013 2:44:57 AM PDT by Gene Eric (Don't be a statist!)
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To: Gene Eric


3 posted on 10/25/2013 2:50:48 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
Terry McAuliffe silent on union-connected loan

Considering McAuliffe is one of the sleaziest bastards around, this should almost be expected.

4 posted on 10/25/2013 3:04:19 AM PDT by upchuck (To more accurately reflect its intent, healthcare.gov should be renamed to healthinsurance.gov)
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To: Gene Eric
And what kind of pussy name is McAuliffe anyway?

The association that I have with that name isn't pussy at all.

https://en.wikipedia.org/wiki/Anthony_McAuliffe

Terry however, can pick up his carpet bag and go home to New York.

5 posted on 10/25/2013 3:12:50 AM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: Riley
Nothing wrong with this McAuliffe either:

http://en.wikipedia.org/wiki/Christa_McAuliffe

6 posted on 10/25/2013 3:58:54 AM PDT by garyb
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To: Cincinatus' Wife

what on earth is going on VA., Ken should be way ahead of this mobster, is the media there not covering all of his corruption?


7 posted on 10/25/2013 4:55:43 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: All
Mmmmmmm....looks like Virginia voters are OK with flaccid
McAuliffe applying Clinton political muscle to win office.

" Yup, it's in the back seat, Terry. The newest vote fraud meat grinder,
in tip-top shape. Oiled and ready to use on Cuccinelli....complete
with do-it yourself instructions."

========================================================

Insert Republican here.

8 posted on 10/25/2013 6:01:47 AM PDT by Liz
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To: manc

We’ve been overrun by the Yankee agressors. Please send reinforcements


9 posted on 10/25/2013 6:01:57 AM PDT by kdot
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To: manc

Unfortunately, we have turned blue in VA because of the huge gov presence in NOVA. Also, we have a weak candidate.


10 posted on 10/25/2013 7:44:20 AM PDT by mainship_man
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To: kdot

my state is the same though I live in one of the most republican counties and we’re not in debt.

I’m sure GA, MS, AL, AK, OK could spare a few hundred thousand to move to our two states.


11 posted on 10/25/2013 8:19:27 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Riley

Just bustin’ Terry’s balls. No harm intended, just had my Celtic on.


12 posted on 10/25/2013 12:52:05 PM PDT by Gene Eric (Don't be a statist!)
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To: Cincinatus' Wife

How could anybody vote for this SCUMBAG?


13 posted on 10/25/2013 2:51:09 PM PDT by CPT Clay (Follow me on Twitter @Clay N TX)
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To: Gene Eric

I have some of that, too. Too many good McAuliffes to let the carpetbagger spoil the name, though.

Can’t believe the lead he’s got over a decent man. Shows what outsider money will do.


14 posted on 10/25/2013 4:08:01 PM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: Riley

I have zero understanding of the attraction to the Democrat party.


15 posted on 10/25/2013 4:16:20 PM PDT by Gene Eric (Don't be a statist!)
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To: Gene Eric

Dumb yourself down by half your native IQ and try to think like the Free Sh*t Army and if you have the imagination to do that, it kind of makes sense. It isn’t real, it doesn’t hold up to any sort of objective examination, but you can kind of see it.


16 posted on 10/25/2013 4:20:50 PM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: Riley
Not just free stuff like phones for morons. But also big time free money.

A large amount of McAulliffe's votes will come from well-off liberals in Northern Virginia. Those people are brainwashed into believing that wealth comes from greed and evil, not surprising since a lot of their wealth comes from grifting off the government.

Another belief is that Republicans are evil for a couple reasons, mostly memes gleaned from Planned Parenthood ads. PP spent millions of tax dollars (fungible funds) to bash Romney in 2012 on the radio here. But the main motivation comes from the fact that the TEA party will dry up their punch bowl: the 100's of billions in government contracts.

Another belief is that there are people suffering due to inadequate handouts. When I ask one of the liberals about the "single mom without health care" I am told she is not an actual person but there are "millions of them" out there. But other than the occasional and easily debunked Fluke, they can't produce real anecdotal persons.

17 posted on 10/25/2013 5:26:05 PM PDT by palmer (Obama = Carter + affirmative action)
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To: palmer
A large amount of McAulliffe's votes will come from well-off liberals in Northern Virginia. Those people are brainwashed into believing that wealth comes from greed and evil, not surprising since a lot of their wealth comes from grifting off the government.

Yup. Lived in Alexandria and Arlington for a few years. It's getting colonized by people from MD and elsewhere who vote for this crap and somehow can't understand why MD isn't liveable anymore.

Seen it before- I'm a native Californian. Now it's coming here, too. I'm running out of places to be free in.

18 posted on 10/25/2013 5:35:07 PM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: upchuck

He may be sleazy, but the little Virginians have not gotten the message. I don’t think they can hear.


19 posted on 10/25/2013 11:11:21 PM PDT by Theodore R. (The grand pooh-bahs have spoken: "It's Jebbie's turn!" to LOSE!)
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To: Riley

It seems that many of our fellow Americans, as LBJ called them, are determined to take away our freedom and their own for that matter.


20 posted on 10/26/2013 7:03:57 AM PDT by Theodore R. (The grand pooh-bahs have spoken: "It's Jebbie's turn!" to LOSE!)
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To: Cincinatus' Wife

Is the GOPe also silent on the matter?


21 posted on 10/26/2013 8:56:43 AM PDT by cdcdawg (Be seeing you...)
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To: Cincinatus' Wife

These weasels make me want to puke!


22 posted on 10/26/2013 2:53:50 PM PDT by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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