XPost: uk.politics.misc, uk.politics.parliament, alt.politics.british   
   XPost: uk.media, uk.legal   
   From: me@privacy.net   
      
   "Scott"  wrote in message   
   news:du20b4$ctu$1$8302bc10@news.demon.co.uk...   
   > Cynic wrote:   
   >> On Tue, 28 Feb 2006 13:41:12 +0000, banana   
   >>  wrote:>David Mills isn't as   
   >>>He and his wife Tessa Jowell signed a document to get a loan from   
   >>>Hambros Bank, who then put a charge on the title of their house   
   >>>(commonly called a 'mortgage').   
   >>   
   >>   
   >> Well no.  A mortgage is the term usually used to describe a *long   
   >> term* loan secured on property, designed to be paid back in   
   >> installments over years.  The activity in question would normally be   
   >> described as a "bridging loan, using the property as security".   
   >>   
   >> What has not been clarified is whether the loan was one designed to   
   >> be   
   >> repaid over a protracted peiod of time which was then paid back   
   >> within   
   >> a month.   
   >>   
   >> Even that is not too unusual.  A person may decide to raise money to   
   >> invest in what is hoped to make a quick return.  To protect against   
   >> the possibility that the investment falls flat and the money is lost,   
   >> a person may decide to take out a long term loan but pay it back   
   >> quickly if the hope for a quick return comes to fruition.  I have   
   >> done   
   >> exactly that myself.   
   >>   
   >   
   > That may be so, but the problem is the money from Torrey Global   
   > Offshore. Why was it moved through seven different accounts, when it   
   > could just as easily been used to make the purchase? The whole   
   > exercise looks indistinguishable from money laundering designed to   
   > give the £350,000 a legitimate face. It should also be remembered that   
   > Jowell is minister responsible for media and Berlusconi has the   
   > largest media empire in Europe. Was the money declared in the register   
   > of members interests? Evidently there is no invoice to account for why   
   > this money was paid - it was a gift. Such a gift must be entered in   
   > the register of members interests even if it is to a spouse.   
   >   
   > The behavior that she and/or her husband have indulged in ought to be   
   > a serious criminal offence. Instead successive governments have   
   > regarded this sort of personal enrichment as a perk of the job.   
      
   The fact is that NuLabour are becoming (have become?) indistinguishable   
   from the Tory sleaze that they won the 1997 General Erection from   
   because of - or words to that effect.  I'm a bit pissed at the moment!   
   :-))   
      
      
   *** Free account sponsored by SecureIX.com ***   
   *** Encrypt your Internet usage with a free VPN account from htt   
   ://www.SecureIX.com ***   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)