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To: Victor
DRUDGE - "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... "
16 posted on 07/12/2002 8:44:48 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer; Grampa Dave; Howlin; Liz; zook
Drudge stole my researched item off of FR last evening.....

Note the Time I posted this on my home thread America the Right Way...

To: Mo1; Howlin; Miss Marple

McCuliffe Loans Gephardt money...

Throughout all McAuliffe's fundraising work, he remained a volunteer, and he made money by forming the Washington law and lobbying firm McAuliffe, Kelly -- though he says he himself never lobbied. In 1987, McAuliffe became finance chief for Rep. Richard Gephardt's presidential primary campaign, and, shortly before, he had served on the board of the Federal City National Bank, which loaned the Gephardt campaign a total of $1.4 million. While he worked for the Missouri Democrat, his business and political ties came under scrutiny when it appeared that some of the loans were unsecured, a charge later denied by McAuliffe and Federal City. McAuliffe told reporters at the time that he had abstained from voting on the approval of the loans. Jim Angle just mentioned this today on Brit's show...

176 posted on 7/11/02 6:23 PM Eastern by Dog [ Post Reply | Private Reply | To 170 | View Replies | Report Abuse ]

122 posted on 07/12/2002 10:16:31 AM PDT by Dog
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