I think Ms. Laurie Dhue approves.
heh heh...
Posted on 07/12/2002 8:34:24 AM PDT by zook
Edited on 07/12/2002 9:33:55 AM PDT by Admin Moderator. [history]
MY LOAN WAS CLEANER THAN YOURS: GEPHARDT RECEIVED UNSECURE LOAN FROM MCAULIFFE BANK
A bank founded by DNC chairman Terry McAuliffe -- which federal regulators determined used unsafe and unsound banking practices -- awarded an 'unusual and unsecured' loan to Gephardt in the late 1980s... MORE... While Running The Federal City Bank, McAuliffe Also Served As Finance Director For Dick Gephardt's Failed Presidential Campaign...
XXXXX DRUDGE REPORT XXXXX FRIDAY JULY 12, 2002 12:28:37 ET XXXXX
MAN IN THE MIRROR: GEPHARDT RECEIVED UNSECURE LOAN FROM MCAULIFFE BANK
My Loan Was Cleaner Than Yours!
"It is hard to lead when you haven't done the things that you're asking others to do," Rep. Richard Gephardt of Missouri, the Democratic leader in the House of Representatives, said of President Bush's low-interest loans more than a decade ago from an oil company where he served as a director.
"It's time this CEO, President Bush, took responsibility for his actions as a private businessman and as President of the United States," Democratic National Committee Chairman Terry McAuliffe declared this week. ""President Bush likes to preach responsibility.... when it comes to his own records, the motto is: 'The buck stops over there.'"
Yet records show: A bank founded by DNC chairman Terry McAuliffe -- which federal regulators determined used unsafe and unsound banking practices -- awarded an "unusual and unsecured" loan to Gephardt in the late 1980s!
MORE
McAuliffe and several other Democratic Party stalwarts founded Federal City Bank, which drew many of its clients from its political connections.
While sitting on the bank's board, McAuliffe also served as finance director for Gephardt's failed presidential campaign.
During that time, Federal City made a $125,000 loan to the Gephardt Campaign.
McAuliffe contended that he abstained from voting on the loan.
The loans were "unusual and unsecured" and might have violated Federal election laws because it was unlikely they would have been made had it not been for the ties to the campaign of the two bank officers, it was reported at the time.
Defending the loans to Gephardt's campaign, McAuliffe said that another Washington bank had told the Federal City Bank that it would advance the money for the loan. He said his bank had a letter from the other bank that they had approved the loan. But, when asked for the document, neither McAuliffe nore the bank's senior loan officer would furnish the letter or disclose the name of the bank they said had initially pledged to make the loan.
An industry trade publication noted that Federal City lost $1.5 million in its first three years in business. In October 1991, federal regulators cited Federal City for unsafe and unsound banking practices and forced the bank to raise more capital or face being shut down.
"Everyday, more questions arise," McAuliffe said this week.
Of Bush.
This thread awarded FR Bureau of Investigation citation.
The February 23 Washington Times reported that Gephardt dumped his share of ownership of the vacation home on North Carolina's Outer Banks. George Archibald wrote that Gephardt, who is an avid opponent of capital gains tax cuts, "claimed for financial-disclosure purposes that his condo was not a rental property the year he sold it for $183,000. He simultaneously claimed it as a rental property for tax purposes to escape capital gains taxes of about $17,000 in 1991." Archibald struck again with a March 6 piece in the Washington Times noting that Rep. Bob Barr (R-Ga.) formally requested the Justice Department undertake a criminal probe of Gephardt's tax situation. Neither story piqued the networks' curiosity
Media Watch, March 1996.
From the same source:
When Rep. Jennifer Dunn (R-Wash.) filed an ethics complaint against House Minority Leader Dick Gephardt for possibly illegally evading capital gains taxes on a land swap, the story's hypocrisy angle seemed obvious. Insight reported last summer that Gephardt, who dem-agogues against capital gains tax cuts as windfalls for the rich, listed a beachfront property he was purchasing as an investment property, thus avoiding tax on a $79,500 capital gain. To obtain a loan to build on the North Carolina property, he signed a covenant pledging the house would be used as a second home, and not as an investment property.
Same story, different source:
House Minority Leader Dick Gephardt, an avid opponent of capital gains tax cuts, avoided capital gains taxes by swapping a North Carolina property he owned for a vacant lot in a beachfront community, and submitted misleading financial disclosure statements. Brent Bozell.
heh heh...
Yep. Of course, they only lose the important papers which could be used as evidence against them as a result of their faulty memories. They just "don't recall" what happened to the papers, or emails, or whatever...innocent mistake...happens to everybody...
So, then I guess it happened to Bush, too, when he was late in filing the after-sale forms. It may have taken him eight months to file it, but according to the McAuliffe Doctrine, perhaps he filed it on time, it got lost, mistakes happen, it happens to everyone, we found out about it and re-filed the papers.
As Bush said, he's still trying to figure out what happened.
-PJ
State Rep. Catherine S. Enz for Congress, MO-3
I wonder if she'll use this.
But he is not to be blamed, for we all know that while rules of ethics apply to Republicans, the Democrats are given a pass.
OT: Regarding your loss of data from an old computer, do you still have the harddrive? I used a data recovery program the other day that pulled off all my data from a harddrive that had died and couldn't even be recognized by my computer. The software lets you save it to a good drive or CD-RW.
It pretty much saved my hide because it had a ton of pics of my kids growing up on it and my wife was having a coronary thinking we lost them all. Needless to say, I've backed them all up to a CD now. The software can be downloaded as a demo so you can see if you can recover your data before you buy it. If it shows it can recover it, you can purchase it online ($69) and immediately save your data. And no, I'm not associated with the company, lol. I'll get you the URL if you're interested.
Great Post. So right on the money. little dick is such a hypocrite.
Other Democrat power seekers (for spots other than Democrat Leader or Speaker) are Al Wynn, Nita Lowey, Sherrod Brown, Cal Dooley, Bennie Thompson, James Clyburn, Chris John, Baron Hill, Ellen Tauscher, Mike Capuano, and Rosa DeLauro.
See the investigation into Whitewater was never completed, because there there was no evidence left. Hillary shredded it. There were few witnesses left alive either, come to think of it. The investigation into President Bush's stock sale was completed by the SEC, in good time because it was a routine - as opposed to politically motivated - investigation. There was no scandal with Harken, except the manufactured one.
You are attempting to use moral relativism here, and in this case it won't work.
Being caught in a lie, then not recalling what lie you told is a fact, and there is no way to relativistically downplay McCauliff buying Gephart.
Dick Gephart's followers react to his rhetoric (AP Wire Photo)
Reminds me of a facial expression people used to post of Johnny McVain when he was caught in an angry moment.
Liberals (and RINO's) can be scary people. Even Leahy makes my skin crawl. Something dirty about them and the people they attract. (Like james carville, larry flynt, harold ickes, ira magaziner, ann lewis..and on and on, if ya catch my drift!)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.