Schwarzenegger Calif. Campaign Loans Ruled Illegal - GoFuckYourself.com

ytcracker · 01-27-2004, 04:37 PM

SAN FRANCISCO (Reuters) - A California judge ruled on Monday that Gov. Arnold Schwarzenegger broke state law by borrowing more than $4.5 million to finance his run for governor in last October's recall election.

In a preliminary decision that could force Schwarzenegger to repay the money personally, Superior Court Judge Loren McMaster ruled on Monday that the Republican governor had violated a law restricting candidates from accepting personal loans of more than $100,000 for their campaigns, said Lowell Finley, the lawyer who filed a lawsuit challenging the loan.

fuck
http://www.reuters.com/newsArticle.j...toryID=4221315

that may hurt his pockets

Eric · 01-27-2004, 04:41 PM

yeah cause 4.5 million to Arnold is a lot of money. Shit he will probably be able to write it off and end up getting money back now on his taxes

Fletch XXX · 01-27-2004, 04:41 PM

he has enough to pay that bill a couple times and still run a new campaign.

he isnt hurting

ytcracker · 01-27-2004, 04:42 PM

you guys are probably right

i still think of 4.5 million as a lot of money
forgive me

candyflip · 01-27-2004, 04:42 PM

Ahnold is loaded. $4 mil is pocket change for him.

BobChezule · 01-27-2004, 04:44 PM

Arnold shits out $4 million on a daily basis. That's chump change.

ytcracker · 01-27-2004, 04:45 PM

OK I GET THE POINT SORRY

= ME

it said he borrowed 4.5 so i was like wow he got a loan for that wtf

Elli · 01-27-2004, 05:25 PM

Why did he accept the loan, then? To improve his credit rating?

freeadultcontent · 01-27-2004, 05:28 PM

Quote:

Originally posted by Elli
Why did he accept the loan, then? To improve his credit rating?

O.P.M.

Now as far as the ruling, HAHAHAHAHA. While they are at his pocket books can they fine him an extra 10 million for agreeing to do the second conan with a PG rating.

BobChezule · 01-27-2004, 05:43 PM

Quote:

Originally posted by Elli
Why did he accept the loan, then? To improve his credit rating?

I believe he took them without knowing they would be ruled illegal, so he just made a mistake. This kind of stuff always gets blown out of proportion.

ytcracker · 01-27-2004, 06:36 PM

Quote:

Originally posted by BobChezule

I believe he took them without knowing they would be ruled illegal, so he just made a mistake. This kind of stuff always gets blown out of proportion.

im a right winger so im not talking shit on him or anything
just more or less that sucks
4.5 mil is 4.5 mil

SleazyE · 01-27-2004, 06:47 PM

Most of his assets are tied up in real estate so I'm sure he had his reasons for taking out the loan. Paying it back could at least be inconvenient

Kingfish · 01-27-2004, 06:50 PM

Quote:

Originally posted by BobChezule

I believe he took them without knowing they would be ruled illegal, so he just made a mistake. This kind of stuff always gets blown out of proportion.

Yeah, no story here just another Republican that cheated to win an election.

Jamie · 01-27-2004, 08:01 PM

arnold makes 50 mil a movie, you do the math

goBigtime · 01-27-2004, 08:02 PM

Quote:

Originally posted by candyflip
Ahnold is loaded. $4 mil is pocket change for him.

Snowman · 01-27-2004, 08:07 PM

I bet he's a wicked crackhead & spends hundreds of thousands of dollars on drugs

AvanteGuard · 01-27-2004, 09:22 PM

If Monday's decision is upheld, the governor could be forced to pay back the loans out of personal funds.

"The judge has agreed with us in a strongly worded position that these loans were illegal," said attorney Lowell Finley, who filed a lawsuit in October attempting to stop Schwarzenegger from funding his campaign with bank loans that could be paid back by donors after the election.

Finley said that the ruling from Judge Loren McMaster could spark sanctions from the California Fair Political Practices Commission (search) ? an agency that recently threatened Lt. Gov. Cruz Bustamante (search) with a $9 million fine because of campaign infractions.

At issue is a borrowing limit included in Proposition 34 that restricts candidates from accepting loans of more than $100,000 for their campaigns. The restrictions are intended to prevent a candidate who wins election from using his or her position to solicit special-interest money to repay the loans.

In a statement, Colleen C. McAndrews, attorney for the governor, pointed out that Schwarzenegger had relied on an October ruling by the Fair Political Practices Commission that the restriction did not include bank loans.

"The court today held that the Fair Political Practices Commission misinterpreted the Proposition 34 loan statute which permitted Gov. Arnold Schwarzenegger to loan his campaign committee $4.5 million," she said.

McAndrews said the campaign intends to cooperate with the judge, but blamed the FPPC's "erroneous regulation" for the mistake.

http://www.foxnews.com/story/0,2933,109597,00.html

01-27-2004, 04:37 PM	#1
ytcracker stc is the greatest Join Date: Dec 2002 Location: rip sean murray Posts: 12,403	Schwarzenegger Calif. Campaign Loans Ruled Illegal SAN FRANCISCO (Reuters) - A California judge ruled on Monday that Gov. Arnold Schwarzenegger broke state law by borrowing more than $4.5 million to finance his run for governor in last October's recall election. In a preliminary decision that could force Schwarzenegger to repay the money personally, Superior Court Judge Loren McMaster ruled on Monday that the Republican governor had violated a law restricting candidates from accepting personal loans of more than $100,000 for their campaigns, said Lowell Finley, the lawyer who filed a lawsuit challenging the loan. fuck http://www.reuters.com/newsArticle.j...toryID=4221315 that may hurt his pockets __________________ www.ytcracker.com \| www.digitalgangster.com i love you

01-27-2004, 04:41 PM	#2
Eric Confirmed User Industry Role: Join Date: Dec 2000 Location: The Helm! Posts: 8,818	yeah cause 4.5 million to Arnold is a lot of money. Shit he will probably be able to write it off and end up getting money back now on his taxes __________________ No One

01-27-2004, 04:41 PM	#3
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	he has enough to pay that bill a couple times and still run a new campaign. he isnt hurting __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

01-27-2004, 04:42 PM	#4
ytcracker stc is the greatest Join Date: Dec 2002 Location: rip sean murray Posts: 12,403	you guys are probably right i still think of 4.5 million as a lot of money forgive me __________________ www.ytcracker.com \| www.digitalgangster.com i love you

01-27-2004, 04:42 PM	#5
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,064	Ahnold is loaded. $4 mil is pocket change for him. __________________ Spend you some brain. Email Me

01-27-2004, 04:44 PM	#6
BobChezule Confirmed User Industry Role: Join Date: Aug 2002 Location: New York Posts: 779	Arnold shits out $4 million on a daily basis. That's chump change.

01-27-2004, 04:45 PM	#7
ytcracker stc is the greatest Join Date: Dec 2002 Location: rip sean murray Posts: 12,403	OK I GET THE POINT SORRY = ME it said he borrowed 4.5 so i was like wow he got a loan for that wtf __________________ www.ytcracker.com \| www.digitalgangster.com i love you

01-27-2004, 05:25 PM	#8
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	Why did he accept the loan, then? To improve his credit rating? __________________ email: [email protected]

01-27-2004, 06:47 PM	#12
SleazyE Registered User Join Date: Dec 2003 Posts: 53	Most of his assets are tied up in real estate so I'm sure he had his reasons for taking out the loan. Paying it back could at least be inconvenient __________________

01-27-2004, 08:01 PM	#14
Jamie Confirmed User Join Date: Apr 2001 Location: CelebPay.com Posts: 2,517	arnold makes 50 mil a movie, you do the math __________________ CelebPay: Promote Celebrity Reviews i/c/q - :1851935

01-27-2004, 08:07 PM	#16
Snowman So Fucking Banned Join Date: Jan 2004 Posts: 235	I bet he's a wicked crackhead & spends hundreds of thousands of dollars on drugs

01-27-2004, 09:22 PM	#17
AvanteGuard Confirmed User Join Date: Jan 2004 Location: Cortland, OH Posts: 451	If Monday's decision is upheld, the governor could be forced to pay back the loans out of personal funds. "The judge has agreed with us in a strongly worded position that these loans were illegal," said attorney Lowell Finley, who filed a lawsuit in October attempting to stop Schwarzenegger from funding his campaign with bank loans that could be paid back by donors after the election. Finley said that the ruling from Judge Loren McMaster could spark sanctions from the California Fair Political Practices Commission (search) ? an agency that recently threatened Lt. Gov. Cruz Bustamante (search) with a $9 million fine because of campaign infractions. At issue is a borrowing limit included in Proposition 34 that restricts candidates from accepting loans of more than $100,000 for their campaigns. The restrictions are intended to prevent a candidate who wins election from using his or her position to solicit special-interest money to repay the loans. In a statement, Colleen C. McAndrews, attorney for the governor, pointed out that Schwarzenegger had relied on an October ruling by the Fair Political Practices Commission that the restriction did not include bank loans. "The court today held that the Fair Political Practices Commission misinterpreted the Proposition 34 loan statute which permitted Gov. Arnold Schwarzenegger to loan his campaign committee $4.5 million," she said. McAndrews said the campaign intends to cooperate with the judge, but blamed the FPPC's "erroneous regulation" for the mistake. http://www.foxnews.com/story/0,2933,109597,00.html __________________ Looking for Fast Professional Programming? http://www.imadigan.com ICQ: 314-942-262 \| MSN/Email: [email protected]