Vol I THE JOSHUA REPORT No. #16
 

"We will never build ENOUGH
PRISONS to end our crime problem."
- Hillary Clinton

PART 2 of 4
HILLARY RODHAM CLINTON...
UNELECTED Official, CIA APPOINTEE
...or MOUTHPIECE FOR THE MOB?

[HILLARY'S CATTLE GROW FATTER
WHILE TAXPAYERS TAKE A BATH]

DON YOUR SLICKERS AND LIFE JACKETS; FASTEN YOUR SEAT BELTS,
FRIENDS: we've now left relatively calm waters and are headed into WHITEWATER
country - and with HILLARY at the helm, you can bet it's going to get rough, wild, and
extremely convoluted! Ready? Then let's begin:

"HILLARY was to have graduated from YALE LAW SCHOOL in May of 1972, but
opted to remain for another year, so she could graduate at the same time as BILL. During
her fourth year, HILLARY studied child development at the YALE CHILD STUDY CENTER.
There she researched what was to become, in time, her highly controversial thesis on the
rights of children.

"Before graduation, BILL and HILLARY were summoned to a conference with one
of their law professors, Burke Marshall, the member of Kennedy's administration who had
advised HILLARY from her earliest days at YALE. Marshall was more impressed with
CLINTON for the picture taken of him with JFK, than of his academic proficiency, which
was commendable, but not nearly as profound as HILLARY's.

" 'The HOUSE JUDICIARY COMMITTEE is looking for a couple of bright-eyed
youngsters like you to work for them,' Marshal volunteered. 'How'd you like to go there?'

"The HOUSE was assembling a staff for its forthcoming impeachment
proceedings against NIXON, for his cover-up of the 'PLUMBERS' break-in at the
DEMOCRATIC NATIONAL COMMITTEE headquarters in Washington. HILLARY accepted
the challenge of the WATERGATE HEARINGS; BILL did not. He'd been through the
Washington legislative committee routine before and didn't want any more of it...

"HILLARY didn't head for Washington immediately. She received word from Burke
Marshall's friend, JOHN DOAR, the newly-appointed SPECIAL COUNSEL of the HOUSE
JUDICIARY COMMITTEE, to stay put. She would not be needed for awhile...The hearings
were not to begin until mid-January 1974.

"Meanwhile, HILLARY learned about an opening for a staff attorney at the
CHILDREN'S DEFENSE FUND in Cambridge. This was just up her alley - to be a children's
rights advocate. HILLARY plunged into her work with a passion and soon had put
together a powerful essay titled, 'CHILDREN'S RIGHTS,' that was published in the
HARVARD EDUCATIONAL REVIEW. Her paper advocated massive and immediate
expansion of federal child-care programs. She made a quantum leap into a radical
redefinition of the relationship between State and family. She advocated three measures
to obtain those 'rights':

(1) 'the immediate abolition of the legal status of minority and the REVERSAL of
the LEGAL PRESUMPTION of the INCOMPETENCE of minors in favor of a presumption of
competence;

(2) 'the extension to children of ALL PROCEDURAL RIGHTS GUARANTEED TO
ADULTS;

(3) 'the REJECTION of the legal presumption of the IDENTITY OF INTERESTS
BETWEEN PARENTS AND THEIR CHILDREN, and PERMISSION for competent children to
ASSERT THESE INDEPENDENT INTERESTS IN COURT.'

"In effect, what HILLARY CLINTON espoused was that when parents and their
teenage kids don't see eye-to-eye on who's boss, the dispute goes into the hands of a
judge..." [1]

Since then there have been several highly-publicized cases of children divorcing
their parents. But, you know what bothers me the most about this notion? The majority of
the plaintiffs seem to be MIDDLE-CLASS, with relatively MINOR complaints. Meanwhile,
what about all the youngsters, who - driven by incest, physical and emotional abuse - are
now dead, enslaved, or making their 'living' on the streets, as child prostitutes? Why
don't the ACLU and the CDF protect THEM? Question: once they are granted a "divorce"
from their parents, what happens to the children? They are still minors, so now they must
become "WARDS OF THE STATE!" Anybody got any ideas of WHY she would be so eager
for children to "assert" their "independent rights?" If you don't, you'll probably start
catching up when we get to GOALS 2000!

At the end of that year, HILLARY was off to Washington - to see how much "good"
[damage] she could create there:

"In 1974, HILLARY RODHAM, a 26-year-old lawyer fresh from Yale, researched
impeachment and pored over the CONSTITUTION to see if there were grounds to force
Richard Nixon from office...[She] was one of 43 lawyers on the HOUSE JUDICIARY
COMMITTEE's SPECIAL IMPEACHMENT INQUIRY STAFF...One of Mrs. Clinton's first
assignments: researching American impeachment cases.

"There had been only one presidential impeachment - Andrew Johnson in 1868 -
so most of her research, outlined in an unsigned chapter of an early staff report, involved
the impeachment of judges...the report cautioned that past impeachments did not 'fit
neatly and logically into categories.'

"Impeachments fall into three broad areas of conduct, the report concluded: 1)
'EXCEEDING THE CONSTITUTIONAL BOUNDS of the powers of the office... 2) 'Behaving
in a manner GROSSLY INCOMPATIBLE with the proper function and purpose of the
office; and 3) 'Employing the POWER OF THE OFFICE for an IMPROPER PURPOSE, or for
PERSONAL GAIN.' [Hmmm. Nos. #2 and #3 sure seem to fit CLINTON, don't they?]

"The report stressed that the House had placed less emphasis on criminal
conduct than on instances in which an official 'VIOLATED HIS DUTIES OR HIS OATH or
seriously UNDERMINED PUBLIC CONFIDENCE in his ability to perform his official
functions.' RODHAM worked 12-to-18-hour days holed up at the stuffy former
Congressional Hotel, where rooms had been remodeled into offices. Security was tight.
There were motion detectors and check-in systems. Document disposal was monitored.
Window blinds were kept drawn...

"While one of the youngest on the staff, RODHAM was in the kitchen cabinet of
JOHN DOAR, the MAJORITY SPECIAL COUNSEL for the inquiry staff, which was separate
from the permanent staff of the HOUSE JUDICIARY COMMITTEE...[She] was assigned to
the inquiry's CONSTITUTIONAL AND LEGAL RESEARCH STAFF, which supplied legal
support for the office. The rest of the lawyers were divided into six task forces working
on issues ranging from the Watergate break-in to allegations that the White House used
the executive branch for political purposes. [This last also sounds like CLINTON!] [She]
was in charge of drafting procedures, such as who could attend committee hearings,
former staff members said. She worked on deciding what kind of subpoena power would
be enforced and what rules of evidence would apply.

'Everyone considered the constitutional and legal research staff the brightest and
the smartest - the academic superstars,' said WILLIAM PAUL BISHOP, a former staff
attorney now working in Europe. 'They were researching the IMPEACHMENT CLAUSES of
the CONSTITUTION - the meaning the framers gave for what were grounds for voting
articles of impeachment - all the way through to what would be required for conviction in
the Senate.' While [HILLARY] worked long hours on Capitol Hill - one lawyer said the only
way they knew it was the weekend was that staffers wore jeans instead of ties - BILL
CLINTON was 1,000 miles away in Arkansas, running for Congress and URGING NIXON
TO RESIGN:

'I think it's plain that the president should resign and SPARE THE COUNTRY THE
AGONY OF THIS IMPEACHMENT and removal proceeding,' Clinton told the ARKANSAS
GAZETTE in August 1974, just before Nixon stepped down. 'I think the country could be
spared a lot of agony and THE GOVERNMENT COULD WORRY ABOUT INFLATION AND A
LOT OF OTHER PROBLEMS if he'd go on and resign.'

"A year later, the CLINTONS attended an impeachment inquiry staff reunion in
upstate New York. 'HILLARY was one of the gang,' Bishop said. 'We were all satisfied with
the work that we had done. What everybody realized is that the result (NIXON'S
RESIGNATION) WAS IN THE BEST INTEREST OF THE COUNTRY.' '' [2]

Not everyone, however, was satisfied with HILLARY's work:

"...As one of an elite group of lawyers, her task was to listen to hours of OVAL
OFFICE TAPES, examine impeachable conduct, and help prepare a report on the
CONSTITUTIONAL GROUNDS for the removal of President Richard Nixon. It is assumed
that she worked mightily to drive Mr Nixon from office, but the real story is far more
interesting. According to JEROME ZEIFMAN, the CHIEF COUNSEL for the HOUSE
JUDICIARY COMMITTEE during Watergate, she was in a faction within the investigation
that TRIED TO SHIELD MR. NIXON from criminal charges, and head off the momentum
towards impeachment.

"She was working directly for JOHN DOAR, counsel for the impeachment inquiry,
a former JUSTICE DEPARTMENT official from the Kennedy administration, and a fierce
KENNEDY loyalist. He was afraid of the consequences of an impeachment trial. The fear
was that Nixon would invoke the legal protection of precedent, asserting that PRESIDENT
KENNEDY HAD DONE EVERYTHING THAT NIXON WAS BEING ACCUSED OF - AND
WORSE. The firestorm would besmirch the legacy of CAMELOT. It was thought to be
better, tactically, to keep Nixon in office as a crippled president, and as a liability to the
Republican Party.

"Jerome Zeifman accuses HILLARY CLINTON of trying to sabotage the inquiry by
withholding critical evidence. In his diary of May 4, 1974, he wrote: 'I AM INCENSED WITH
HILLARY RODHAM, (as she then was).' Nixon's henchmen were 'crude amateurs'
compared to the 'ARROGANCE AND DECEIT of some of Doar's assistants.' " [3]

The thing I find most interesting about this situation is the report she filed with
the NIXON JUDICIARY COMMITTEE is being used again in today's impeachment
hearings. The ruler used for the EXACT CHARGES against NIXON apply in her husband's
proceedings. Using that ruler, the DEMOCRATS - ALONG WITH THE REPUBLICANS
found NIXON guilty. Today, using that SAME ruler, the DEMOCRATS see CLINTON as
innocent. What's sauce for the goose is definitely NOT sauce for the gander - at least not
in the CLINTON ADMINISTRATION! Folks like to call him "SLICK," but he ain't nothin' but
a rank amateur compared to his boss lady:

"To outsiders, BCCI [the BANK OF CREDIT AND COMMERCE INTERNATIONAL]
appeared to be a commercial bank. To insiders, however, it resembled a SECRET
SOCIETY, with special rituals, jargon, and lore. In many ways, BCCI had less in common
with CITIBANK or BARCLAYS than it did with the Reverend Sun Myung Moon's
UNIFICATION CHURCH...BCCI's ownership was also a mystery. There seemed to be no
question that the biggest shareholders were Sheikh Zayed, associates of his, and BANK
OF AMERICA. But where did the rest of the money come from? Part of the answer lay in a
strange entity in the CAYMAN ISLANDS called INTERNATIONAL CREDIT & INVESTMENT
CO., LTD. (ICIC)...

"...In Britain, where BCCI had forty-five offices, [AGHA HASAN] ABEDI [BCCI's
founder and largest stockholder] wanted hundreds...The BANK OF ENGLAND was not at
all comfortable with these plans ['another 150 in the next two or three years'] and made it
clear to ABEDI that if he wanted to open more branches, they would have to be in some
other country. The British central bank ordered BCCI to freeze its UK branch network at
forty-five. Another setback came...when Britain's BANKING ACT took effect. Under that
law, every bank doing business in Britain was either given 'recognized bank' status or
classified as a 'licensed deposit-taker.' BCCI was relegated to the second-class status of a
licensed deposit-taker - forbidden to call itself simply a bank - in spite of its large
presence. ABEDI complained bitterly to the BANK OF ENGLAND, and his minions blamed
it on 'RACISM' in the City of London. If BCCI was being treated as a second-class citizen,
it was because the financial establishment could not tolerate a successful THIRD WORLD
bank..." Meanwhile, back in the 'COLONIES':

"BANK OF AMERICA gradually began to distance itself from BCCI. In 1976, it
asked ABEDI to remove its logo from BCCI's letterhead. That same year, it refused to
contribute new capital to finance BCCI's expansion, because it was alarmed by the rapid
growth of BCCI's assets...The setbacks with the BANK OF ENGLAND and BANK OF
AMERICA did nothing to dampen ABEDI'S obsession with growth. One former official
said of BCCI's top officers, 'Their objective - and they said so openly - was to become
THE LARGEST BANK IN THE WORLD BY THE YEAR 2000.' No banker with ABEDI's
ambitions could ignore the UNITED STATES, the world's biggest economy and the seat of
vast political power. It was also the country of the dollar, and BCCI's balance sheet was
expressed in dollars. The UNITED STATES was also alluring for CULTURAL AND
EMOTIONAL reasons. BCCI was a bank with a strong IMMIGRANT culture. AMERICA, of
course, is THE LAND OF IMMIGRANTS...SANI AHMED, a BCCI officer who served as head
of the bank's Washington, D.C. representative office, said, 'MR. ABEDI told me four times,
'Our aims in the United States are very ambitious.' He wanted at least FIVE HUNDRED
branches. WE THOUGHT WE WOULD SHIFT OUR HEADQUARTERS THERE.'

"ABEDI made the first important steps toward fulfilling this dream by arranging for
a group of BCCI clients to buy stock in one of the most important banking institutions in
the U.S. capital. In doing so, he touched off one of the biggest, most acrimonious, and
most protracted takeover battles in American corporate history, attracting worldwide
attention to BCCI...It all began in the fall of 1977, when ABEDI met a banker from Georgia
who happened to be the best friend of the president of the United States. His name was T.
BERTRAM ('BERT') LANCE.

"It's hard to imagine a more unlikely pair than AGHA HASAN ABEDI and BERT
LANCE. While ABEDI appeared refined and cultivated, LANCE was almost the stereotype
of the SOUTHERN 'GOOD OL' BOY.' There was also a striking physical contrast. ABEDI
had an average build, but the Georgia banker was a bear of a man, weighing 240 pounds
and standing six feet four inches tall. However, LANCE and ABEDI also had much in
common. They both had a knack for making political connections and they both played
fast and loose with banking regulations. These two characteristics were related: BOTH
MEN USED THEIR BANKS TO ACQUIRE POLITICAL CLOUT...

"In 1966, LANCE made the most important political connection of his life when he
met a dynamic young Georgia politician. JAMES EARL CARTER, JR., known to everyone
as 'JIMMY.' At the time, CARTER was a state senator running for the governorship.
LANCE became an important campaign supporter and contributor. They eventually
became best friends; CARTER HAS LIKENED LANCE TO A BROTHER. Although CARTER
lost in 1966, he won four years later, thanks, in part, to Lance's help. After he took office,
he appointed LANCE to the post of HIGHWAY COMMISSIONER...

"Although LANCE failed to gain higher political office [he lost as CARTER's
SUCCESSOR], his career as a banker flourished when he was recruited by FINANCIAL
GENERAL BANKSHARES (FGB), a bank holding company based in Washington, D.C.
FGB was an unusual institution. Although the MCFADDEN ACT forbade American banks
to engage in interstate banking, FGB had been granted a SPECIAL EXEMPTION [Now,
how'd that happen? WHO gave them that exemption?] and owned banks in several
states...

"In January, 1975, LANCE became president of NATIONAL BANK OF GEORGIA
(NBG), FGB's subsidiary in Atlanta. Five months later, he and a group of investors bought
control of the bank from FGB and he was named chairman. As head of NBG, LANCE
became friendly with one of the most important financiers in the South, JACKSON T.
STEPHENS, the president and a controlling shareholder of STEPHENS, INC. of LITTLE
ROCK, ARKANSAS, one of the largest brokerage firms in the country...'Their common
interests, one acquaintance said, were JIMMY CARTER - a NAVAL ACADEMY classmate of
STEPHENS - banking, money, religion - both SOUTHERN BAPTISTS - and DEMOCRATIC
politics,' a reporter noted later. In the 1976 presidential race, STEPHENS and LANCE both
assisted JIMMY CARTER.

"Not only was LANCE a contributor to CARTER in 1976, his bank was the
BIGGEST SINGLE LENDER to the CARTER family's PEANUT WAREHOUSE BUSINESS;
the debt to NBG reached as high as $4.7 MILLION. It was later alleged that these loans
amounted to de facto financing of the presidential campaign...After CARTER was elected
president, he brought LANCE to Washington as director of the OFFICE OF
MANAGEMENT AND BUDGET, one of the most important posts in the federal
government. LANCE's dubious financial practices did not cause a problem when he was
up for SENATE CONFIRMATION, for FEDERAL OFFICIALS HAD WITHHELD IMPORTANT
INFORMATION ABOUT HIS ACTIVITIES from Senate investigators.

"A handful of journalists - notably the NEW YORK TIMES columnist WILLIAM
SAFIRE - began to dig into LANCE's background and uncovered a number of apparent
irregularities...In one column, SAFIRE suggested that LANCE received a $3.4 MILLION
loan from the FIRST NATIONAL BANK OF CHICAGO [oops! Chicago again!] not because
of his creditworthiness, but because of his closeness to Carter. This loan, according to
SAFIRE, enabled FIRST CHICAGO's chairman, A. ROBERT ABBOUD, 'to gain life-and-
death financial control over THE MAN CLOSEST TO THE PRESIDENT'...

"In July, 1977, the SENATE GOVERNMENTAL AFFAIRS COMMITTEE, chaired by
ABRAHAM RIBICOFF, a Connecticut Democrat, looked into LANCE's conduct and cleared
him of wrongdoing. But RIBICOFF acted too soon. More allegations of misconduct
emerged almost daily, engulfing the CARTER ADMINISTRATION in its first major scandal,
LANCEGATE...there was growing pressure on CARTER to fire his friend. On September 5,
Labor Day, CARTER met with RIBICOFF and CHARLES PERCY of Illinois, the ranking
Republican on the committee, and the senators asked the president to dismiss his budget
director. LANCE turned for help to CLARK CLIFFORD, one of the most respected - and
politically well-connected - lawyers in Washington. CLIFFORD persuaded the committee
to postpone LANCE's testimony to give the banker more time to prepare.

"The nationally televised hearings began with a parade of witnesses who
recounted LANCE's dubious financial practices. LANCE defended himself on September
15 in a two-hour statement in which he lashed out at the committee for TREATING HIM
UNFAIRLY [Boy! Doesn't THAT phrase sound familiar?!!] It was an impressive
performance, winning him applause at the end...Despite the rave reviews, CARTER was
unable to resist the pressure to fire LANCE and on September 21 accepted his resignation
with 'regret and sorrow.'

"The resignation was by no means the end of LANCE's woes. He was the target of
investigations by bank regulators and federal prosecutors, which led to an indictment in
May 1979 on charges of VIOLATING FEDERAL BANKING LAWS. [Listen real close, and
you'll hear this charge come up again - against another MAJOR PLAYER in this saga]
CLARK CLIFFORD's protege, ROBERT A. ALTMAN [husband of LYNDA 'WONDER
WOMAN' CARTER] assisted LANCE's defense team. A year later, the trial ended in a hung
jury. On top of his legal troubles, LANCE was in desperate financial straits. Around the
time of his resignation, he was more than $5 MILLION in debt, and the value of his
biggest asset - his stock in NATIONAL BANK OF GEORGIA - had plummeted. His only
hope was to sell the stock at well above the market price. Hope soon arrived in the
person of AGHA HASAN ABEDI.

"ABEDI was eager to expand in the United States. Although he could open BCCI
branches, he realized that the quickest route to growth would be through an acquisition.
But there were several obstacles. One was the MCFADDEN ACT banning interstate
banking. BCCI was affected because BANK OF AMERICA [their largest shareholder]
owned a large chunk of its stock...One way around these obstacles would be for a BCCI
client to take over an AMERICAN bank...In late 1977, after meeting BERT LANCE, ABEDI
finally succeeded in putting together a U.S. TAKEOVER.

"The matchmaker was R. EUGENE HOLLEY, the former majority (DEMOCRATIC)
leader of the GEORGIA SENATE and a friend of LANCE's. HOLLEY was more than a local
politician; he was involved in a MIDDLE EASTERN OIL VENTURE...Shortly before
LANCE's resignation, HOLLEY visited London in an effort to obtain financing to develop
the oil concession. One of the banks he called on was BCCI. HOLLEY was not afraid to
drop names, so he mentioned to a BCCI banker that BERT LANCE happened to be his
good friend. In case the banker didn't appreciate the significance of this, HOLLEY told
him that LANCE WAS A CLOSE FRIEND OF PRESIDENT JIMMY CARTER's. 'On hearing of
his presidential contact, the BCCI banker takes him straight to MR. ABED,' according to a
former BCCI official.

"ABEDI quickly agreed to help the stranger who said he was a friend of a friend of
the president's...In the course of the meeting, said the BCCI source, HOLLEY mentioned
'that his banker friend [LANCE] will be leaving the government and WANT[S] TO SELL
HIS BANK and may also be in the market for a loan for a couple of million dollars.' ABEDI
was interested...

"LANCE and ABEDI met for the first time in early October...The two bankers had a
strong mutual attraction. LANCE wanted to get out of his financial mess by selling his
NATIONAL BANK OF GEORGIA stock and refinancing his debts. ABEDI wanted to expand
into the UNITED STATES. Perhaps even more important to ABEDI was the chance to use
LANCE as a BRIDGE TO THE AMERICAN POLITICAL WORLD. Shortly after the meeting in
Washington, ABEDI HIRED LANCE AS A BUSINESS CONSULTANT, to spot INVESTMENT
OPPORTUNITIES for BCCI...

"Despite ABEDI's enthusiasm, there was little chance that a takeover by BCCI
would be approved by U.S. bank regulators, but ABEDI quickly found a solution. He
arranged for NBG to be purchased by GHAITH RASHAD PHARAON, a Saudi Arabian
tycoon and BCCI client who was reputed to be one of the richest men in the
world...Toward the end of 1977, PHARAON agreed to buy LANCE's 60 percent stake in
NBG for $2.4 MILLION, which worked out to $20 a share. A few weeks earlier, the stock
had been trading for about $10 a share. (PHARAON later acquired ALL of NBG)

"The deal was a tremendous boon to LANCE, of course, who had been teetering
on the brink of bankruptcy. LANCE and PHARAON portrayed the deal as a routine
investment, but skepticism abounded. Of the thousands of banks in the United States, it
seemed odd that PHARAON happened to choose one that was owned by a close friend,
political supporter, and lender to PRESIDENT CARTER - and that HE WOULD PAY TOP
DOLLAR FOR IT. Charges arose that 'the Arabs' were TRYING TO BUY INFLUENCE with
powerful Americans. The controversy surrounding the NBG deal, however, would pale in
comparison with what was in the works: a bid for one of the biggest banking companies
in the nations's capital, FINANCIAL GENERAL BANKSHARES...

"GENERAL GEORGE OLMSTED controlled FGB through a company called
INTERNATIONAL BANK and various other entities. The FEDERAL RESERVE BOARD said
this setup was illegal. INTERNATIONAL BANKk, according to the FED, was a bank
holding company. It therefore could not simultaneously own FGB and certain other
businesses not related to banking, such as an insurance company. So, the FED ordered
INTERNATIONAL BANK and its officers and directors to dispose of large chunks of FGB
stock. One potential buyer was BERT LANCE...In the fall of 1976, OLMSTED offered to sell
his FGB stock to LANCE, but the Georgian turned him down, presumably because THIS
WOULD HAVE PREVENTED HIM FROM SERVING IN THE CARTER ADMINISTRATION.

"The following April, OLMSTED sold about 22 percent of FGB's voting stock to a
group of some twenty investors led by J. WILLIAM MIDDENDORF II, a former investment
banker who had served as the secretary of the navy under PRESIDENTS NIXON AND
FORD...LANCE's friend, JACKSON STEPHENS, the investment banker, was one of the
biggest investors in the MIDDENDORF GROUP...MIDDENDORF became chairman and
president of the company in June 1977, and almost immediately began to encounter
opposition from other investors. The dissidents included JACKSON STEPHENS, who, it
was later alleged, wanted FGB to use a company he controlled, SYSTEMATICS, INC., for
its data processing business..." [4] This story is far too long to cover in this issue, so
we'll get back to it later. Suffice it to say, the takeover was successful. Now, let's take a
look at the tie-in to the CLINTONS, particularly HILLARY:

"The BCCI affair suggests that a CRIMINAL ORGANIZATION with enough money
and connections can buy its way out of trouble...INFLUENCE PEDDLERS like CLIFFORD
and ALTMAN may be in disgrace, but other political fixers continue to thrive. Anyone who
doubted that the system is intact had only to follow the 1992 presidential race. Both
PRESIDENT BUSH and his Democratic rival, GOVERNOR BILL CLINTON of ARKANSAS,
were SURROUNDED BY PEOPLE WITH TIES TO BCCI.

"One evening at the DEMOCRATIC CONVENTION in July could have been dubbed
BCCI NIGHT. The speakers included JIMMY CARTER and JESSE JACKSON, both
beneficiaries of BCCI's largesse. The convention was organized by RONALD BROWN , the
chairman of the DEMOCRATIC NATIONAL COMMITTEE...CLINTON's campaign aides
included at least two officials of HILL AND KNOWLTON, the PR and lobbying firm that
represented BCCI and FIRST AMERICAN. For much of his political career, CLINTON
received substantial financial backing from JACKSON STEPHENS, the ARKANSAS
INVESTMENT BANKER WHO HELPED TO BRING BCCI INTO THE UNITED STATES.

"In addition, STEPHEN's firm has given substantial legal work to the LITTLE
ROCK law firm in which HILLARY CLINTON, the governor's wife, is a partner. MRS.
CLINTON even represented one of STEPHEN's companies in a case related to BCCI. In
1978 she did legal work for SYSTEMATICS, INC. when it was sued for its role in ABEDI's
scheme to collect stock in FIRST AMERICAN..." [5]

And there are a couple of other things the CLINTONS have in common with BCCI:
the CIA have strong ties with both, BCCI and the CLINTONS...as well as with ORGANIZED
CRIME:

"Starting in the late 1970s, VINCENT W. FOSTER, JR., purportedly a partner in the
ROSE LAW FIRM, LITTLE ROCK, played a key espionage role. He came to hold the
equivalent rank of general in the super-duper code-cracking intelligence operation known
as the NATIONAL SECURITY AGENCY [NSA]. He continued that role even after
becoming, in 1993, CLINTON WHITE HOUSE DEPUTY COUNSEL.

"FOSTER functioned, in combination with law partners HILLARY RODHAM
CLINTON and WEBSTER HUBBELL, as head of a bank spying project, an offshoot of
HOUSEHOLD INTERNATIONAL, alter ego and successor to the CIA-linked NUGAN-HAND
BANK. After the purported collapse of NUGAN-HAND BANK, in 1980, HOUSEHOLD took
over their worldwide operations, CALIFORNIA, AUSTRALIA, PHILIPPINES, PACIFIC
BASIN, SAUDI, LONDON, AND GRANDCAYMANS, among other places.

"Among their functions, TRANSFERRING COVERT OPERATION FUNDS,
ASSASSINATION TEAM FUNDING, SKIMMING OF DOPE, GAMBLING, and GUN-RUNNING
LOOT; military, civilian, international. U.S. MILITARY ADMIRALS AND GENERALS, as
well as INTELLIGENCE COMMUNITY OFFICIALS, supposedly either 'retired,' or 'on
leave,' operated NUGAN-HAND, and aided thereafter HOUSEHOLD and its numerous
units and subsidiaries. Former CIA DIRECTOR WILLIAM COLBY was overseer of both
NUGAN-HAND and HOUSEHOLD INTERNATIONAL.

"The 'TRACKING THE MONEY' project was conducted over-all by HOUSEHOLD
INTERNATIONAL with the assistance reportedly of SYSTEMATICS, a banking computer
services firm, originally a subsidiary of an Arkansas-based operation. Targeted have
been the banks of both friends and enemies alike. FOSTER and his crew - HILLARY AND
WEBSTER - used as a COVER that they were supposedly 'ATTORNEYS' for
SYSTEMATICS.

"Related operations included some thirty savings and loan associations in the
U.S. taken over by the AMERICAN CIA, including five in the Chicago area. Among those
was CLYDE SAVINGS & LOAN, a director of which has been HENRY HYDE, long-time
CONGRESSMAN from the Chicago area as well as head of CIA's 'BLACK BUDGET.' HYDE
has, as mentioned, MORE POWER THAN THE DIRECTOR OF CENTRAL INTELLIGENCE.

"CLYDE SAVINGS transferred covert funds for CIA through other S&Ls in
ARKANSAS as well as SECURITIES FIRMS in LITTLE ROCK, some apparently alter egos
for the STEPHENS & CO. worldwide bond brokerage. Assisting was the dope trafficker
and bond broker, DAN LASATER, who specialized in selling bonds to Illinois-based S&Ls.
LASATER's dope-bond traffic resulted in the downfall of an S&L in OAK BROOK, a
Chicago suburb - owned by Illinois former GOVERNOR DAN WALKER, SR. The attorneys
for the clean-up thereafter? Why, of course, VINCENT W. FOSTER, JR. and HILLARY
RODHAM CLINTON. CLYDE SAVINGS interfaced with CIA operations in ARKANSAS,
reportedly including SWINK & CO.

"VINCENT AND HILLARY's role in this was arranged and supervised by a Chicago-
based law firm HOPKINS & SUTTER, during the early 1990s, major outside counsel for
the S&L bail-out group, RESOLUTION TRUST CORPORATION [RTC]. In fact, when RTC
functioned (now shuttered), their offices - amazingly - were inside the private offices of
HOPKINS & SUTTER, Chicago. WALKER, who ended up in prison, has made few, if any,
public statements about what really happened.

"And that law firm interfaced with the clandestine operations of HOUSEHOLD
INTERNATIONAL: for many years a HOPKINS & SUTTER partner, JAY STEINBERG,
sought to bottle up the details in the record in the ANDREUCCETTI litigation, by
STEINBERG purporting to be straw boss and bankruptcy trustee in the same - all to try to
keep under wraps the sort of details mentioned here.

"Another S&L-CIA operation reportedly was SILVERADO S&L, of Denver.
Naturally, HOPKINS & SUTTER saw to it that GEORGE BUSH's SON escaped, unharmed,
from the downfall of that espionage operation.

"A number of TEXAS SAVINGS & LOANS were CIA operations: See: PETE
BREWTON's book, 'THE MAFIA, THE CIA, AND GEORGE BUSH.' How to go about setting
up an S&L swindle machine was actually taught and orchestrated in the Chicago area in
the north suburb of Skokie. The honchos that ran SKOKIE FEDERAL SAVINGS & LOAN
taught the Texans how it is done. As shown in the little-mentioned case of the federal
prosecution of a top official of SKOKIE FEDERAL, U.S. vs. JOHN O'CONNELL, in the U.S.
District Court in Chicago, CASE No. 95 CR 356 (criminal). His brother, BILL, was the head
of the S&L lobbyist group, PREPARING FOR CONGRESS WHAT LAWS THEY ARE TO
PASS." [6]

"...the CLINTONS pushed their way into the 230-acre WHITEWATER project in a
deal proposed by longtime friends JAMES AND SUSAN MCDOUGAL. They did so on the
strength of a $20,000 down payment, with an UNSECURED LOAN from a Little Rock, Ark.,
bank and a $183,000 loan for the balance from a bank in Flippin, Ark., near the Whitewater
property, using the land - THAT THEY DIDN'T YET OWN - as collateral. They built a three-
mile dirt road through a wooded area and divided the property into 44 lots, each about
five acres. Much of the site remains undeveloped today and the road is still impassable
during heavy weather. The deal took place LESS THAN THREE MONTHS before MR.
CLINTON'S first election as governor...

"...Was Whitewater just a money conduit? Did the CLINTONS receive tax breaks
for which they were not entitled? Was money funneled illegally from the McDougal's
MADISON GUARANTEE SAVINGS AND LOAN ASSOCIATION to Whitewater to pay for Mr.
CLINTON's campaigns? To pay for other things?" [7]

LESS THAN TWO MONTHS LATER - with the help of one of TYSON FOODS, INC.'s
lawyers - HILLARY pulled off another slight-of -hand in the Chicago cattle markets:

"[Don] TYSON'S LAWYER, JIM BLAIR, a Democratic apparatchik with years of
experience in SENATOR WILLIAM FULBRIGHT's campaigns, had been friends with the
CLINTONS since their days on the law faculty at Fayetteville [after she got back from the
Nixon impeachment proceedings]. It was BLAIR who handled HILLARY CLINTON's
historic magnification of a $1,000 investment in cattle futures into a $99,537 fortune
within nine months. The Miracle began on October 11, 1978, LESS THAN A MONTH before
her husband's shoo-in election to the governorship and continued unbothered by margin
calls through July 1979.

"Skeptics have called it a bribe. 'The Arkansas system had always been to find
some good young people and encourage them to work on the local level,' DON TYSON
has injudiciously blurted out. 'The system kind of weeds them out, and out of that comes
a United States senator or a governor...It's like a horse race. YOU BACK THREE OR
FOUR, SO YOU ALWAYS GOT A WINNER.' " [8]

"Jim Blair was a principal outside counsel for Springdale's mammoth multibillion-
dollar TYSON FOODS...His firm's other clients numbered comparable giants of the state,
region, and nation, including RALSTON PURINA, WELCH FOODS, SAFEWAY STORES,
WILSON AND COMPANY, ARKANSAS-LOUISIANA GAS, and INTERNATIONAL PAPER,
along with several large food industries and ARKANSAS TRUCKING lines, all of them
linked in the intricate web of agribusiness marketing, packing, and shipping.

"...His clients, as it happened, were not only large, market-linked corporations, but
also a freewheeling, poker-playing pal, a commodity broker in Springdale named
ROBERT L. BONE, known to his clients as RED.

"...There were FAR MORE LOSERS THAN WINNERS, especially among novices in
the cutthroat commodities market, and entire nest eggs could be wiped out in a few
trades...Commodities futures were a dangerous gamble as well for those who knew the
game. JIM BLAIR had obviously come to think of himself one of those few...in 1978-79
[Blair was] one of Red's extraordinarily successful customers in the Springdale
brokerage...In the midst of all this, Blair had also advised the CLINTONS on their
WHITEWATER venture; despite the colossal risk and liability in the commodities market,
he had set HILLARY to trading her limited funds with his friend RED BONE.

"On October 11, 1978, her first transaction - netting within days a $5,300 gain on a
$1,000 investment, a return many later thought 'mathematically impossible IF EXCHANGE
RULES WERE STRICTLY FOLLOWED' - took place even before her check was cashed by
the brokerage. 'Like the WHITEWATER thing,' said an associate who knew of both
schemes, 'it was going to TAKE CARE OF BILL AND HILLARY, FIX 'EM UP FOR THE
FUTURE.' Within hardly a week, the wife of the next governor of Arkansas had won
another $7,800, and $7,200 more only days after that.

"Following Blair's advice, she got out of the cattle futures market in July 1979,
having parlayed an initial investment of $1,000 into nearly $100,000, NEVER HAVING TO
ADD TO HER ORIGINAL CASH, despite at least one market 'margin call' for a larger
deposit to cover her speculative purchases. Her spectacular 10,000 PERCENT RETURN
on her investment was more than FIVE TIMES the rate of profit made even by such
investors as had bought when she did and sold at the peak of the market during the same
period. Commodity windfalls added more than $26,000 to their income in 1978, over
$72,000 in 1979. At the end of CLINTON's first term they were showing nearly $160,000
ANNUAL INCOME in an Arkansas governorship that paid $35,000 a year." [9]

"In 1978 RODHAM and her husband entered into their WHITEWATER partnership
with the MCDOUGALS. Now JAMES RING ADAMS and other investigative reporters are
coming to believe RODHAM and her husband - as a consequence of this partnership -
engaged in FALSE FINANCIAL STATEMENTS, FALSE BANK LOAN APPLICATIONS and
FALSIFICATION ON THEIR FEDERAL TAX RETURNS. In 1980 she began her shadowy
bank dealings by putting her name on a questionable loan for $30,000. For the next
decade this loan was refinanced by friendly banks JUST A FEW PACES AHEAD OF
FEDERAL BANK EXAMINERS.

"Several of the bankers RODHAM dealt with, of course, were receiving favors from
RODHAM'S HUSBAND, the governor, and ONE WAS THE STATE BANK COMMISSIONER."
[10]

"By March 1984, MADISON was targeted by state regulators for closure due to
insolvency. They suspected Mr. MCDOUGAL had diverted cash from the thrift to himself
and others, and funneled payments on development projects - including WHITEWATER -
through business entities he controlled. But it took five more years to shut down
MADISON, due in part to MRS. CLINTON's legal efforts as an ATTORNEY FOR THE
THRIFT. Working on a $2,000-A-MONTH MADISON RETAINER ARRANGED BY HER
HUSBAND, MRS. CLINTON successfully fought efforts by the ARKANSAS SECURITIES
DEPARTMENT to close the thrift.

"In March 1989, MADISON was closed by federal regulators at a cost to
TAXPAYERS of $50 MILLION.

"...a failed 810-acre real estate project near Little Rock, purchased in 1986 by
WHITEWATER, was the direct beneficiary of a portion of an illegal $300,000 SMALL
BUSINESS ADMINISTRATION (SBA) loan to SUSAN MCDOUGAL. The project, known as
LORANCE HEIGHTS, was purchased in March 1986, the month Mr. CLINTON purportedly
pressured former LITTLE ROCK JUDGE DAVID L. HALE to approve the SBA loan...

"...MRS. CLINTON's suspected involvement with CASTLE GRANDE was the
subject of a report by federal regulators on Sept. 23, 1996, that said legal documents
drafted by MRS. CLINTON and HUBBELL had been used 'TO DECEIVE FEDERAL BANK
EXAMINERS' about potentially FRAUDULENT transactions..." [11]

"One major element of the WHITEWATER deception was the CASTLE GRANDE
real estate development project, which has been criticized by federal banking regulators
as a series of sham land sales and insider transactions, which cost the American
taxpayers $4 million. [12]

"On paper, CASTLE GRANDE was a land development project involving
approximately 1,100 acres of land located about ten miles south of Little Rock, Arkansas.
Key players in the project included: MADISON GUARANTY SAVINGS AND LOAN
ASSOCIATION (MADISON GUARANTY) and its subsidiary MADISON FINANCIAL; SETH
WARD, father-in-law of Webster Hubbell; and the ROSE LAW FIRM, including then-
partners HILLARY RODHAM CLINTON and WEBSTER HUBBELL.

"While the project was papered to look legitimate, a March 4, 1986 report on the
financial health of MADISON GUARANTY concluded that CASTLE GRANDE was doomed
to fail from the outset. Federal regulators described the land making up the parcel as 'low
and swampy,' and without a viable market. To the extent that there were sales of
individual lots, regulators concluded that most were to 'insiders acting as straw buyers.'
As for these insiders, the report says that many had such poor credit ratings that the only
way they qualified for financing was through 'preferential financing by MADISON
GUARANTY." The CASTLE GRANDE project, according to banking regulators, was a
significant contributing factor in MADISON's failure. [13]

"Although MRS. CLINTON has denied, under oath, playing any significant role in
the CASTLE GRANDE project... [14] According to the September 20, 1996
SUPPLEMENTAL REPORT ON ROSE LAW FIRM CONFLICTS OF INTEREST that was
prepared by the OFFICE OF INSPECTOR GENERAL of the FEDERAL DEPOSIT
INSURANCE CORPORATION (FDIC), the ROSE LAW FIRM BILLING RECORDS reveal that
MRS. CLINTON PLAYED A MAJOR ROLE as legal counsel in facilitating at least one
series of FRAUDULENT TRANSACTIONS involving SETH WARD and MADISON
GUARANTY. The INSPECTOR GENERAL'S REPORT states:

'[E]ntries in the billing materials and other evidence suggest that former ROSE
LAW FIRM partners HILLARY RODHAM CLINTON and WEBSTER L. HUBBELL performed
work that appears to have facilitated the payment of substantial commissions to WARD,
who acted as a STRAW BUYER for MADISON FINANCIAL in the IDC [15] transaction.
WARD IS HUBBELL'S FATHER-IN-LAW. The method of payment of the commissions
EVADED REGULATIONS designed to protect the safety and soundness of the institution,
and violated the integrity of its books and records. Further, MADISON GUARANTY used a
document DRAFTED BY CLINTON to DECEIVE FEDERAL BANK EXAMINERS as to the
true nature of the payments of Ward.' [16]

"In its report, the U.S. SENATE's SPECIAL COMMITTEE TO INVESTIGATE
WHITEWATER DEVELOPMENT CORPORATION AND RELATED MATTERS described
these transactions as follows:

'The LAND DEAL was DESIGNED TO CONCEAL MADISON GUARANTY'S
INVESTMENT in CASTLE GRANDE through its subsidiary, MADISON FINANCIAL
CORPORATION. Mr. Ward was the 'straw man' purchaser in the project - one who lends
his name to the title but does not actually have an ownership interest. Arkansas
regulations limited an S&L's direct investment in its subsidiaries or affiliates to 6 percent
of total assets. Mr. Ward was needed as the straw man because 'had MGSL purchased
CASTLE GRANDE directly, they would have exceeded their direct investment limit.'
MADISON, in effect, PAID FOR MR. WARD's SHARE in the venture, and WAS PROMISED
$300,000 in commissions for lending his name. [17]

"MRS. CLINTON's role as legal counsel in facilitating this series of transactions
raises the question of whether she should be prosecuted for BANK FRAUD AND/OR
CONSPIRACY to commit bank fraud.

"Under FEDERAL LAW, a person commits BANK FRAUD if he or she 'KNOWINGLY
executes, or attempts to execute, a scheme or artifice' to either: (1) 'DEFRAUD a financial
institution'; or (2) 'obtain any of the moneys, funds, credits, assets, securities, or other
property owned by, or under the custody or control of, a financial institution, by means of
FALSE OR FRAUDULENT pretenses, representations, or promises.' [18] The penalties
include a FINE of up to $1,000,000 and/or IMPRISONMENT for up to thirty years. [19]

"A CRIMINAL CONSPIRACY occurs when two or more persons conspire to either
'commit any offense against the United States, or to DEFRAUD the United States, or any
agency thereof in any manner or for any purpose, and one or more of such persons do
any act to effect the object of the CONSPIRACY.' [20] Thus, one can be guilty of
CRIMINAL CONSPIRACY even if the underlying crime is not carried out to completion,
because 'a conspiracy to commit an offense and the actual commission of that offense
are separate and distinct crimes.' [21]

"...if there is credible evidence that MRS. CLINTON KNEW of the FRAUD that was
occurring, a grand jury would likely find probable cause to believe that she committed
bank fraud or conspired with others to commit bank fraud. On this point, THE PUBLIC
RECORD IS REPLETE WITH EVIDENCE that MRS. CLINTON knew of the fraudulent nature
of the CASTLE GRANDE transactions AT THE VERY TIME SHE WAS WORKING TO
FACILITATE THOSE TRANSACTIONS! Two items are particularly noteworthy:

"First, the FDIC INSPECTOR GENERAL'S SUPPLEMENTAL REPORT states that
MRS. CLINTON and another ROSE LAW FIRM attorney 'were aware of the restrictions on
MADISON GUARANTY's ability to advance funds to MADISON FINANCIAL by virtue of
their PRIOR REPRESENTATION of MADISON GUARANTY before the ARKANSAS
SECURITIES DEPARTMENT.' [22]

"Second, both the FDIC and the SENATE WHITEWATER COMMITTEE REPORTS
include evidence that MRS. CLINTON was warned, by a Madison official, ON THE DATE
OF THE CLOSING with Mr. Ward, that the transactions underway were IMPROPER.
According to both reports, MADISON OFFICIAL HARRY DON DENTON warned MRS.
CLINTON of the impropriety of the transactions, but she 'SUMMARILY DISMISSED' his
concerns." [23] Well, that's all for now, folks, but we aren't even out of the warm-up pen,
yet! See y'all next week!

[cont.]

"But as for me and my house, we will serve the Lord"

SOURCES

1] CLINTON CONFIDENTIAL: THE CLIMB TO POWER by George Carpozi, Jr. - Emery
Dalton Books 1995

2] "FIRST LADY NOT NEW TO IMPEACHMENT" by Deb Riechmann, Associated Press
Writer - WASHINGTON (AP) 9/30/98

3] "HOW HILLARY TRIED TO SAVE NIXON" by Ambrose Evans-Pritchard - Watergate
[VCEPolitics.com] - The Nixon links: Now more than ever - Norman Nithman

4]FALSE PROFITS by Peter Truell and Larry Gurwin - Houghton Mifflin Company 1992

5] Id

6] "CLANDESTINE PROJECTS" by Sherman H. Skolnick - "Conspiracy Nation" Vol. 8
Num. 18 [bigred@shout.net]

7] "CAPITOL HILL" by Jerry Seper - "The Washington Times"

8] "THE PRESIDENT'S PAST" by Michael Kelly - "The New York Times Magazine" 7/31/94;
as cited in BOY CLINTON by R. Emmett Tyrrell, Jr. - Regnery Publishing, Inc. 1996

9] PARTNERS IN POWER by Roger Morris - Henry Holt & Company, Inc. 1996

10] BOY CLINTON Id

11] "CAPITOL HILL" Id

12] "INVESTIGATION OF WHITEWATER DEVELOPMENT CORPORATION AND RELATED
MATTERS S. Rep. No. 280, 104th Cong., 2nd Sess. 250 (1996)" (hereinafter referred to as
"SENATE WHITEWATER COMMITTEE'S REPORT"), citing, "PILLSBURY MADISON &
SUTRO, A REPORT ON CERTAIN REAL ESTATE LOANS AND INVESTMENTS MADE BY
MADISON GUARANTY SAVINGS & LOAN AND RELATED MATTERS" 12/19/95

13] "REPORT OF EXAMINATION, MADISON GUARANTY SAVINGS AND LOAN
ASSOCIATION, FEDERAL HOME LOAN BANK BOARD" 3/4/86

14] See "REPORT OF EXAMINATION" for a detailed discussion of Mrs. Clinton's sworn
testimony and the unexplained appearance of the Rose billing records in the White House
Book Room

15] "IDC" is an abbreviation for INDUSTRIAL DEVELOPMENT COMPANY, which is the
company that owned the CASTLE GRANDE properties

16] "SUPPLEMENTAL REPORT ON ROSE LAW FIRM CONFLICTS OF INTEREST, OFFICE
OF THE INSPECTOR GENERAL, FEDERAL DEPOSIT INSURANCE CORPORATION"
(hereinafter referred to as "FDIC SUPPLEMENTAL REPORT") 9/20/96]

17] "SENATE WHITEWATER COMMITTEE'S REPORT at 250"

18] 18 U.S.C. S 1344

19] Id

20] 18 U.S.C. S 371

21] UNITED STATES v. MITCHELL, 397 F.Supp. 166, 171 (D.D.C. 1974), cert. denied, 431
U.S. 933 (1977)

22] "FDIC SUPPLEMENTAL REPORT" Id at iii

23] "FDIC SUPPLEMENTAL REPORT" Id at 34-36; and "SENATE WHITEWATER
COMMITTEE REPORT" Id at 252
 
 
 
 
 

All emphasis throughout this article is mine, unless otherwise indicated.
 

*Remember: THE DEADLINE IS STILL 2000 A.D. YOU HAVE BEEN WARNED!

GODSPEED!
The OUTLAWLADY