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| For Immediate Release | |
| Oct 29, 1999 | Contact: Press Office 202-646-5172 |
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CLINTONS NEVER PULLED OUT OF HOUSE DEAL WITH BANKERS TRUST/DEUTSCHE BANK IN CASE SECOND DEAL DIDN'T GO THROUGH Court Complains It Wasn't "Adequately Apprised" of Status of Initial Loan Deal Judicial Watch Seeking Emergency Appeal to Stop Loan From Going Through Prior to Closing At 10:00 am, Nov. 1, 1999 (Washington, D.C.) The Clintons' personal lawyer was forced to admit in federal court today that the Clintons had never actually pulled out of their initial mortgage loan deal with Deutsche Bank/Bankers Trust (backed by Terence McAuliffe). In order to avert a preliminary injunction, Nicole Seligman, the Clintons' personal attorney, promised a federal court judge that the Clintons would not proceed with the Deutsche Bank/Bankers Trust/McAuliffe loan without giving the Court proper notice. This means that the initial loan deal is still alive. The Court (and the American people) had been led to believe that the Deutsche Bank and the Clintons would no longer be proceeding together. That was false, and the Court complained of not being "adequately apprised" of that loan deal's status. The Clintons' astonishing admission came in a court hearing before Judge Thomas Hogan in DC federal court on Friday. Judicial Watch, which is suing the Clintons, Deutsche Bank/Bankers Trust, and their erstwhile mortgage lender PNC Bank and PNC Mortgage Corp., and others on behalf of the banks' shareholders, asked the Court for a temporary restraining order to stop, at least temporarily, the Clintons home closing from taking place on Monday, as it is allegedly illegal (the loan itself being an illegal gratuity to Bill Clinton and illegal campaign contribution to Hillary Rodham Clinton) and will result in irreparable harm to the PNC Bank, PNC Mortgage, their shareholders, and others as result of the loan going forward. The Court denied Judicial Watch's request for the temporary restraining order. Judicial Watch will immediately appeal the ruling to the appeals court on an emergency basis, so it can be heard prior to the 10:00 a.m. on Monday, November 1, when the house deal "closes." "Something is not right. The Clintons lied to the American people (and so did Deutsche Bank). Independent real estate experts have sworn under oath that the Clintons would not qualify for the loan at issue. We found out today that the Clintons were illegally using White House lawyers to shop around for mortgages to help them obtain this improper loan. We would hope that the appeals court will step in and take corrective action," stated Judicial Watch Chairman and General Counsel Larry Klayman. |
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