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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (61714)	10/14/1999 1:13:00 PM
From: jlallen	Respond to of 67261

Too late for that. JLA

To: MulhollandDrive who wrote (61714)	10/14/1999 3:08:00 PM
From: Zoltan!	Read Replies (3) \| Respond to of 67261

Word for the day (and night): "I note your distress at my floccinaucinihilipilification of the C.T.B.T. I do not share your enthusiasm for this treaty for a variety of reasons." Senator Jesse Helms

To: MulhollandDrive who wrote (61714)	10/14/1999 3:50:00 PM
From: jlallen	Read Replies (2) \| Respond to of 67261

How could they have POSSIBLY qualified for this loan? newsmax.com Clintons Get New Financing On New York House Updated 1:46 PM ET October 14, 1999 WASHINGTON (Reuters) - President Clinton has secured new financing for a $1.7 million home he and first lady Hillary Rodham Clinton are buying in New York, allowing them to drop a controversial loan guarantee from a major Democratic fundraiser. The original purchase plan drew criticism over a $1.35 million for the loan guarantee that Clinton friend and Democratic fundraiser Terence McAuliffe put up to secure the mortgage. The White House said in a statement Thursday the loan will be made by PNC Mortgage Corp. of America, a subsidiary of PNC Bank Corp., and it will be secured by a mortgage on the property. "President and Mrs. Clinton have secured substitute financing in connection with the purchase of their Chappaqua, New York home," the White House said. The $1.36 million loan will be a 30-year, adjustable rate mortgage with an initial annual interest rate of 7.5 percent locked in for the first three years. Afterward, the rate will be set at the one-year Treasury bill rate plus 2.75 percent, White House spokesman Jim Kennedy said. The Clintons will pay a down payment of $340,000, 20 percent of the purchase price. The Clintons entered a contract Sept. 2 to buy the five-bedroom Georgian colonial-style house in the Westchester County suburbs of New York City, and were scheduled to close on the deal on Nov. 1. The house is intended to serve as a post-White House residence for the Clintons and a base for Mrs. Clinton's possible run for a New York U.S. Senate seat in 2000. That deal had been approved by the federal Office of Government Ethics, but it came under fire from public interest groups and Republicans who said the guarantee amounted to an improper gift. McAuliffe is raising millions of dollars for the Clintons' legal defense, President Clinton's presidential library in Little Rock, Arkansas and for Mrs. Clinton's exploratory Senate campaign. The Clintons currently have about $5 million in legal bills left over from various investigations, principally the impeachment battle that stemmed from President Clinton's lying about his affair with Monica Lewinsky.