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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (148185)7/13/2002 4:34:05 PM
From: TGPTNDR  Read Replies (3) of 1572752
 
Ted, Re: "what I get when I hear her talk is her subliminal anger and her arrogance."

She is angry, and she writes well. And the stuff she's writing is, if not true, libelous.

And she's not getting sued.

If you don't want to admit it's true, shame on you.

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"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.
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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."

drudgereport.com

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Sleezebags.

;]

-tgp
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