Political Quotes

Thomas Foley: “The bigger question is, we are talking about four loans in question totaling $11 million that went to Shorebank Corp. of…”

On the recordJuly 16, 1997
The bigger question is, we are talking about four loans in question totaling $11 million that went to Shorebank Corp. of Chicago and three related companies. A college roommate of President Clinton worked there in the 1980's. They came down and set up a corporation in Arkansas which Mrs. Clinton became a director of and formed through the Rose Law Firm. The one firm, the group of companies that got $11 million from this fund are the only ones we cannot find documentation towards. So we are urgently concerned with the way this particular grant was authorized. There may be nothing inappropriate about it.
Said by
Thomas Foley
Washington

Editor's note · Context

Discussing concerns over loans to Shorebank Corp. and related companies during a congressional session.

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