From: [EMAIL PROTECTED]

This will be my last post today (I promise). The promise of an Arkansas
Development Finance Authority  ("ADFA") was a plank in Clinton's campaign in
1994. It became law, through the lobbying efforts of Rose partner Webb
Hubbell, in January 1985.

ADFA was touted by Clinton as a panacea for the financial ills of minorities
and women in Arkansas. Clinton promised that long-term, low-interest loans
would be underwritten by ADFA, for women and minorities who had the
entrepreneurial spirit, but who were having difficulty obtaining funds.

The only loan actually underwritten by ADFA while Clinton was governor of
Arkansas, was a $2.5 million loan to a company called Park-O-Meter, which was
owned by Webb Hubbell's inlaws, the Wards. The Wards also owned a company in
Conway, Arkansas, that manufactured school buses. With the help of former
Sen. J. Wm. Fulbright, that company (I think it was called Ward Industries),
got a huge contract to build and sell buses to the Saudis. BCCI was involved
in that transaction.

What Park-O-Meter did with the money was convert some of its metal-tooling
apparati. It went from manufacturing parking meters, to manufacturing
conversion kits for the chambers of Colt AR-15, semi-automatic rifles. With
the kit, an AR-15 became an M-16 (which we used in Vietnam, and which,
because of the construction of the chamber and feeding mechanism, is
converted into a fully automatic weapon with the click of a switch near the
magazine).

I have it on pretty good information that Park-0-Meter's conversion kits
weren't sold to the U.S. Military. They were packaged and sold as part of
Iran-Contra. Ollie North supervised that aspect of the operations.

Now here's an interesting tidbit: The same manufacturers who were supplying
much of the weapons and conversion kits the CIA transported to the Contras,
for drugs and black money, also supplied the same contraband to the Branch
Davidians. That information can be pieced together easily from several
sources: transcripts of hearings, the government's own reports on the Branch
Davidian incident, and the initial reports filed by the McLennan County,
Texas, Sheriff's Office, with the ATF. FOIA is a great tool!

Oh yeah, ADFA WAS useful for one thing: laundering drug money using disguised
contributions to Clinton's goober-natorial campaigns. But that's another
story for another day.

Odom

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