[CutePuppy]

Good to see Wall Street Journal keeping after this story.

Looks like Mr. Waters is talking, he even rediscovered that he is a Republican :

Some of the political donors he recruited, including Mr. Waters, were also his investors. Some of them say they felt pressured to contribute for fear of being cut out of the next lucrative deal. "I'm a Republican," Mr. Waters notes

[boop]

"Mr. Hsu bonded with Democrats who were disenchanted with Ronald Reagan's ascent. "We all felt that the Democratic Party was in danger of losing its soul," Mr. Richards recalls. "Norman was empathetic.""

So a crook was NATURALLY attracted to the democrat party. And in order to get rich in the greedy Reagan eighties he stole millions of dollars.