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McAuliffe And The Tainted Swann

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beaconxt9

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May 24, 2009, 4:06:47 PM5/24/09
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Seems ole Terry has always been associated with crooks or at least people
that think they are owed other people's money. His wife and father-in-law
are not what ones wants to have at Sunday dinner. From sourcewatch.org:
" ...
The Boland Group and American Pioneer Savings Bank controversy, 1991-94
In May of 1990, American Pioneer, a savings and loan bank headquartered in
Florida and owned by McAuliffe's future father-in-law (Richard Swann), was
seized by federal regulators and placed into receivership with the
Resolution Trust Corporation.[9]

In June of 1991, McAuliffe, Tony Coelho and John Boland organized a
commercial real estate company named the "The Boland Group, Inc." McAuliffe
responsibilities included business development.

Between 1991 and 1994, The Boland Group brokered at least two deals between
American Capital Group and the Resolution Trust Corporation. A notable
principle at American Capital Group was Dorothy (Swann) McAuliffe, daughter
of Richard Swann. Specifically, Dorothy McAuliffe's presence raised eyebrows
because the property her company purchased was held by her father's failed
bank, American Pioneer Savings and Loan before turned its assets over to the
taxpayer funded Resolution Trust Corporation.[10]

The Boland Group's client list included the Clinton/Gore 1996 Re-election
committee, the Resolution Trust Corporation, the Pension Benefit Guarantee
Corporation, The United States Immigration and Naturalization Service and
several of Washington's most powerful and connected law firms and lobbying
shops.

In 1997 McAuliffe told Mother Jones Magazine that he was never a partner in
the Boland Group, that his exposure was limited to receiving referral fees
and that he severed all ties with the company in March 1994. [11] ...".

Notice Reagan's bailout of the savings and loan helped McAuliffe's future
in-laws. Wow how about that. Thank you Ronald Reagan!

Why haven't McAuliffe's opponents for the nomination brought this up? Are
they scared of his contacts or are they on the take? What a bunch of
cowards in the Commonwealth's Democratic party.

Never forget the USS Liberty!

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