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Politics : To be a Liberal,you have to believe that.....

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To: jbe who wrote (298)	9/5/1999 2:05:00 PM
From: jlallen	Read Replies (1) of 6418

Hooray for Larry Klayman!! judicialwatch.org Judicial Watch to Sue over Clinton Home "Purchase" Judicial Watch, the government watchdog group, is going to investigate the loan scheme being used by the Clintons to "purchase" their new home in New York. In a statement, Judicial Watch said: "First, the 1.35 million dollar 'loan guarantee' by Chinagate fund-raiser Terence McAuliffe is nothing less than an outright gratuity to the president personally, which is illegal under government ethics and bribery laws. Federal court testimony in Judicial Watch's Chinagate case has already shown that McAuliffe was involved in illegal fund-raising and influence peddling; this seems more of the same. Judicial Watch also questions why the White House Counsel's Office, which 'approved' the loan scheme, is giving the Clintons personal legal advice at taxpayer expense. "Second, there is no legal or ethical way for a bank such as Banker's Trust Co., which reports indicate is foreign owned, to give a million-dollar mortgage to a couple who professes to be $5 million in debt. Also, no bank can use an illegal 'guarantee' from a Clinton fund-raiser as collateral for any loan." "This loan scheme blatantly violates government ethics and banking laws. Bill and Hillary should be subject to the same standards for mortgage as every other American couple," said Judicial Watch chairman Larry Klayman. Judicial Watch will immediately investigate and challenge the loan scheme and warned that any bank making improper loans to the Clintons could be subject to severe criminal and/or civil liabilities. Judicial Watch notes that there is an ethical way for the Clintons to buy a home -- liquidate their million-dollar trust and use those proceeds to buy a modest house outright. "Based on their history, laws against bank fraud and bribery seem of no importance to Bill and Hillary Clinton. They continue to think they are above the law. We are committed to reminding them that they are not," stated Klayman.

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