Bank scam con may rattle Kerry closet

Ping. I noticed Paul rates a mention in your Downside Legacy :)

Did he serve his full term?

If not, when was the decision made to parole him? Hmmmm...

I had dinner with David Paul once in the 80s, when he was a big account of Wall Street.

He had an obvious pathologically oversized ego.

at least he wasn't gay

That year, Kerry attended a swank party at Paul's Miami mansion, where guests were fed by six of the top chefs of France. ...``John Kerry was a red-blooded American guy. He liked the ladies - at least he wasn't gay,'' Paul said.

Too funny. You can;t make this stuff up...

Wonder if Kerry is a behind the scenes gay-basher. That wuld stir the pot.

If not, when was the decision made to parole him? Hmmmm...

You're right. The timing on this is REALLY suspicious.

This may help explain why the convention this week almost frantically "warned" how negative the Republicans were. They pushed the idea too hard and I began to wonder what they knew was going to come out that they had to spin so emphatically.

....at least he wasn't gay,'' Paul said

Whaddaya mean "AT LEAST he wasn't gay"??? Is that some sort of slam against gays? I thought the dems were the "non-bigotted" party?

Here we go! Bring on the Hollywood starlet calvacade...Morgan Fairchild, Dana Delany etc.

Indeed. The following makes me wonder if the media ought to be examined equally as hard:

Congressional Record-Page S13251 9/19/91 Sen. Bob Dole ".Mr. President, I raise this issue for two reasons. One is to make it clear that this body should expect a very serious debate over reauthorization of the independent counsel statute, which expires next year. And the second reason is to point out the fact that pure hardball politics and not any desire for justice is usually the motivating factor behind the appointment of an independent counsel. If proof of this point were needed, all one has to do is listen to the silence coming from the other side of the aisle over the BCCI scandal. Here is what appears to be the juiciest of all scandals--one involving bribery, money laundering, and financial fraud spanning several continents. This is a big deal. Yet, those who have so quickly jumped on the independent counsel bandwagon before, are now nowhere to be found. The media, usually leading the drumbeat for an appointment, is also strangely silent. Where is the media? Why are not some in the media demanding a special prosecutor in the BCCI case? Someone a little more skeptical than I might suggest that the reason for this is that the overwhelming majority of names implicated in the scandal are Democrats. Chief among these is David Paul, financial angel to the Democrat Senatorial Campaign Committee, and perpetrator of the Centrust Savings & Loans fiasco--a multibillion-dollar ripoff of the taxpayers..."

um....I question the timing of this release...
it was "bait and switch" all along, Kerry goes down in flames(setup) end of August and the liberal media masses start the "Hillery" drum beat she accepts mid/late Sept and our team only has a month, month and a half to redirect the campaign.

You're right. The timing on this is REALLY suspicious.

Oh, how I would relish this if it were actually a genuine GOP dirty trick!

Fat chance of that. They won't even bust some puny Dim filibuster to get a few conservative judges confirmed.

Oh, well, it was a happy thought...

David Paul served his full term and served it the hard way. The feds really didn't like him, and they made sure he did no time at any "Club Fed." With the possible exception of Al Capone (who was convicted of tax evasion but thought perhaps to be guilty of some more serious stuff as well), I doubt that anyone convicted of purely economic crimes has ever served harder time than he did.

Oh, flashback! Around forever ago I did a term paper in a banking class for this. A number of the folks involved with BCCI were Arab. There were other foreigners, the name Marcos comes to mind. The whole corrupt, incestuous lot.

So the Congressional Record is the "Republican Attack Machine".

I think it's to submarine Kerry so Hillary will have a chance in 2008. Right now, short of mass murder of troops, Hillary couldn't get elected. If by some freak of nature Kerry is elected, you're looking at at LEAST 12 years before she could run and have a shot at winning. The social conditioning has not been as successful as Dems would have liked, too many screechy fanatics.

Indeed. For Lurkers, from the Downside Legacy:

Pakistani banker Agha Hasan Abedi founded BCCI in 1972, it was incorporated in Luxembourg and expanded rapidly. By the early 1980s BCCI had become the preferred bank for such customers as the CIA, Colombian drugs cartels, arms smugglers and various third world dictators. By the mid-eighties, there was gathering evidence of financial irregularities, corruption and criminal involvement - an investigation ensued.

In December 1992, shortly after Clinton was elected, the Committee on Foreign Relations - US Senate produced a report that pointed out specific problems in the investigation and gave 20 specific areas which needed additional investigation (summarized below) The disposition of these issues is unknown. All that has come to the attention of this list is one settlement for $5 million in February of 1998.

The extent of BCCI's involvement in Pakistan's nuclear program.

BCCI's manipulation of commodities and securities markets in Europe and Canada.

BCCI's activitites in India, including its relationship with the business empire of the Hinduja family.

BCCI's relationships with convicted Iraqi arms dealer Sarkis Soghanalian, Syrian drug trafficker, terrorist, and arms trafficker Monzer Al-Kassar, and other major arms dealers.

The use of BCCI by central figures in arms sales to Iran during the 1980's

BCCI's activities with the Central Bank of Syria and with the Foreign Trade Mission of the Soviet Union in London.

BCCI's involvement with foreign intelligence agencies

The financial dealings of BCCI directors with Charles Keating and several Keating affiliates and front-companies, including the possibility that BCCI related entities may have laundered funds for Keating to move them outside the United States.

BCCI's financing of commodities and other business dealings of international criminal financier Marc Rich.

The nature, extent and meaning of the ownership of shares of other U.S. financial institutions by Middle Eastern political figures

The nature, extent, and meaning of real estate and financial investments in the United States by major shareholders of BCCI. BCCI's shareholders and front-men have made substantial investments in real estate throughout the United States, owning major office buildings in such key cities as New York and Washington, D.C.

BCCI's collusion in Savings & Loan fraud in the U.S. The Subcommittee found ties between BCCI and two failed Savings and Loan institutions, CenTrust, which BCCI came to have a controlling interest in, and Caprock Savings and Loan in Texas, and as noted above, the involvement of BCCI figures with Charles Keating and his business empire. In each case, BCCI's involvement cost the U. S. taxpayers money. A comprehensive review of BCCI's account holders in the U.S. and globally might well reveal additional such cases. In addition, the issue of whether David Paul and CenTrust's political relationships were used by Paul on behalf of BCCI merits further investigation

The sale of BCCI affiliate Banque de Commerce et de Placements (BCP) in Geneva, to the Cukorova Group of Turkey, which owned an entity involved in the BNL Iraqi arms sales, among others.

BCCI's role in China. As noted in the chapter on BCCI's activities in foreign countries, BCCI had extensive activity in China, and the Chinese government allegedly lost $500 million when BCCI closed, mostly from government accounts. While there have been allegations that bribes and pay-offs were involved, these allegations require further investigation and detail to determine what actually happened, and who was involved.

The relationship between Capcom and BCCI, between Capcom and the intelligence community, and between Capcom's shareholders and U.S. telecommunications industry figures.

The relationship of important BCCI figures and important intelligence figures to the collapse of the Hong Kong Deposit and Guaranty Bank and Tetra Finance (HK) in 1983. The circumstances surrounding the collapse of these two Hong Kong banks; the Hong Kong banks' practices of using nominees, front-companies, and back-to-back financial transactions; the Hong Banks' directors having included several important BCCI figures, including Ghanim Al Mazrui, and a close associate of then CIA director William Casey; all raise the question of whether there was a relationship between these two institutions and BCCI-Hong Kong, and whether the two Hong Kong institutions were used for domestic or foreign intelligence operations.

BCCI's activities in Atlanta and its acquisition of the National Bank of Georgia through First American.

The relationship between BCCI and the Banca Nazionale del Lavoro. BCCI and the Atlanta Branch of BNL had an extensive relationship in the United States, with the Atlanta Branch of BNL having a substantial number of accounts in BCCI's Miami offices. BNL was, according to federal indictments, a significant financial conduit for weapons to Iraq. BCCI also made loans to Iraq, although of a substantially smaller nature.

The alleged relationship between the late CIA director William Casey and BCCI.

Money laundering by other major international banks. Numerous BCCI officials told the Subcommittee that BCCI's money laundering was no different from activities they observed at other international banks, and provided the names of a number of prominent U.S. and European banks which they alleged engaged in money laundering.

Kerry was fed by the top Chefs of FRANCE.

Just a everyday guy looking our for everyday people.

Someone should demand Kerry indicate which of the six French chefs would be appointed as the chief White House chef if he is elected. That could be the real torpedo to his campaign.