-Caveat Lector-
<<Simple: Just *say* you're not going to do something then wait to do it when
you think everyone has forgotten.>>
------- Forwarded Message Follows -------
FOR IMMEDIATE RELEASE
September 27, 1999
Contact: Joe Giganti
(202) 646-5172
NEW WHITE HOUSE SPIN ON HILLARY HOUSE DEAL A SHAM
Judicial Watch To File Suit to Ensure That Mortgage On Clinton Mansion
Does Not Go Through
(Washington, September 27, 1999) Late last week, The White House leaked
"news" that the Clintons were considering whether to seek a "conventional"
loan to purchase their desired $1.7 million dollar mansion in New York.
While the Clintons, given
their professed financial distress, would not qualify for such a loan in
any event, as usual The White House failed to tell the whole story behind
the Clintons' effective admission that their current proposed mortgage is
not legal.
On Thursday, September 16, 1999, Judicial Watch, which is a shareholder in
the banks (Deutsche Bank and Bankers Trust) which currently plan to loan
the Clintons the money to purchase the mansion thanks to a $1.35 million
guarantee by influence
peddler Terry McAuliffe, sent a demand letter explaining the illegality
of the transaction and threatening to file a derivative suit for
injunctive relief if the deal were not abandoned. See
www.judicialwatch.org. However, rather than abandon the deal,
Deutsche Bank and Bankers Trust denounced Judicial Watch as pursuing a
"political agenda." (Letter posted on www.judicialwatch.org with this
press release).
This is consistent with recent press reports suggesting that the Clintons
will keep the current financial arrangement with Deutsche
Bank and Bankers Trust if a better deal cannot be had.
Having not complied with Judicial Watch's demand letter, and realizing
that the non-partisan public interest government watchdog
does not make idle threats, it would appear that the latest spin coming
out of The White House was intended to induce Judicial
Watch not to file suit. However, Judicial Watch will file suit, since
based on the Clintons' professed finances, they cannot get a conventional
house loan and the recent press reports were just a sham.
"Given their claimed lack of resources, the Clintons can always rent an
apartment if they want to live in New York, not spend other
peoples' money in an illegal transaction obviously meant to buy some new
favor from them," stated Judicial Watch Chairman
Larry Klayman.
A<>E<>R
~~~~~~~~~~~~~~~
The only real voyage of discovery consists not in seeking
new landscapes but in having new eyes. -Marcel Proust
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"Believe nothing, no matter where you read it, or who said
it, no matter if I have said it, unless it agrees with your
own reason and your common sense." --Buddha
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A merely fallen enemy may rise again, but the reconciled
one is truly vanquished. -Johann Christoph Schiller,
German Writer (1759-1805)
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It is preoccupation with possessions, more than anything else, that
prevents us from living freely and nobly. -Bertrand Russell
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"Everyone has the right...to seek, receive and impart
information and ideas through any media and regardless
of frontiers."
Universal Declaration of Human Rights
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"Always do sober what you said you'd do drunk. That will
teach you to keep your mouth shut."
--- Ernest Hemingway
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Forwarded as information only; no endorsement to be presumed
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In accordance with Title 17 U.S.C. section 107, this material
is distributed without charge or profit to those who have
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for non-profit research and educational purposes only.
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