NewsWeek >> "Karl Rove recently took out a $100,000 line of credit..."

[sabra]

http://www.msnbc.msn.com/id/10117472/site/newsweek/

Leak Investigation: For Libby and Rove, Legal Woes—And Bills

—Michael Isikoff and Holly Bailey

<snip>

Libby may not be the only one with pressing financial needs. Deputy White House chief of staff Karl Rove recently took out a $100,000 line of credit from Wells Fargo Bank, according to real-estate records obtained by NEWSWEEK. The loan is secured by Rove's vacation home in Rosemary Beach in the Florida Panhandle worth more than $1 million, according to his most recent financial disclosure. Rove signed the loan papers on Oct. 22—just nine days after he testified before the grand jury for the fourth time. A White House spokeswoman said Rove's new line of credit is "unrelated" to his legal expenses. But any Rove legal debts—which won't have to be publicly disclosed until next year—could bring attention to his relationship with Patton Boggs, the D.C. powerhouse lobbying firm, where his lawyer in the leak case, Robert Luskin, is a partner. Lobbying records show Patton Boggs represents a battery of foreign governments, corporations and others with interests before the government. Rove has been involved in White House meetings involving at least one big Patton Boggs client: the Office of Hawaiian Affairs, which paid the firm $400,000 earlier this year to lobby for a controversial native-Hawaiian recognition bill. Patton Boggs lawyer Ben Ginsberg, a Rove friend and big GOP lawyer who recommended he hire Luskin, is a principal on the case. The White House—which recently ordered all staffers to take an ethics training course—declined to say if there is any policy for Rove to recuse himself from issues involving Patton Boggs clients. "All ethical obligations are being met," said spokeswoman Nicole Wallace.

[MADem]

1. Those DC lawyers charge a bundle, eh Karl?

That probably covered the retainer, and nothing more.

[Tom Joad]

2. Legal Fees are a freakin' pain. Might as well accept a plea offer.

[Sabriel]

3. What a coincidence! I just took one out, too.

(Not really, but I wanted to comment on how out of touch with reality the majority of people are.)

Raise your hand if you've ever had to get a loan against your million dollar beach house!

[ProfessorGAC]

5. A Million Dollar Beach House? No

Mine can't be worth over $800k! LOL!

And, hey Karl. Just sell the house and then you'll have all the cash you need. Wait, that would require paying taxes and their ilk doesn't like taxes.
The Professor

[DemoTex]

14. Actually, I don't think there is anything < $2.0M at Rosemary Beach.

Rosemary Beach is one of the most expensive developments on the Redneck Riviera. The kicker is that Rosemary Beach is nothing more than Panama City Beach West. Pee-Cee! Bwaa haa haa haa!


Typical Rosemary Beach: 2240 sq ft $2.275 million

[in_cog_ni_to]

4. Remember all of the people who had "some" connection to CLINTON?

Starr ran up so many legal bills. I don't feel sorry for ANY repuke who has to pay legal fees for this. They deserve it. ESPECIALLY KKKRove.

[Kolesar]

8. Isabelle is cute!

There's one for the refrigerator door.

[in_cog_ni_to]

12. : ) Thank you!

She's a sweetheart too!

[Kolesar]

17. Dogs make such great subjects

They don't know they are being photographed and when photographed, they just give the look that they know gets them love and attention.

I remember photographing my photogenic golden retriever. I would try to get her to look at me when the light and composition was right. I would whistle or call her name and she would pop to her feet and come to me. I have a lot of pictures of her walking toward me.

[in_cog_ni_to]

20. Funny. I use to have a Collie

and it was difficult to get a pic of her at a distance too. Every time she saw the camera she would come to me to sniff it and check it out. Have you ever seen a close-up pic of a Collie's nose? LOL! Loooong, VERY loooong! :) I loved that dog so much. I still miss her...always will.

[Kolesar]

21. Then you get that fuzzy beak nudging your hands and your chin

We're dog sitting now, so are getting a lot of black lab nose.

[electropop]

32. My Capri

[RobertSeattle]

6. Those damn PUBLIC Real Estate records!

Darn darn darn.

[LizW]

7. Secured by his $1 million Florida vacation home?

Boo-hoo. Someone pass the tissues.

:sarcasm:

[soleft]

10. And how big is the garage on that vacation home?

That's the big question.

;)

[rhino47]

9. A little late for ethics training isnt it ???

The White House—which recently ordered all staffers to take an ethics training course—declined to say if there is any policy for Rove to recuse himself from issues involving Patton Boggs clients. "All ethical obligations are being met," said spokeswoman Nicole Wallace.


I also wonder what ethical obligations shes talking about ?

[LeftCoast]

11. At $150 / hr that may pay for about 3 months of his legal defense

when you throw in multiple lawyers and the cost of discovery. Boy is KKKarl in a world of hurt.

[patcox2]

13. Try $450/hour

Thats the minimum, for lawyers at that level; if he is paying $150, it should be considered a bribe for the lawyer to do the work so far below market price. I am serious.

[Sydnie]

15. $150 and hour ... No WAY!

I had a divorce lawyer that was $200 an hour in a dinky little town in MA, and there wasn't much to argue about in my case. (His lawyer was $100 an hour ... I made out better than he did!)

No way he would only be paying $150 and hour to protect him from the types of charges he could be facing. $100,000 could be a retainer in that range maybe, but won't put a dent in what he will eventually owe them.

Hell, didn't Clinton just finally pay off the balance to all of his lawyers? That took HOW MANY YEARS?

McFibby and KKKKarl could be looking at the same time of disaster where legal bills are concerned. I hope they do.

I will be ahppy to hear that he had to sell that vacation home to pay his legal bills ... and if McFibby had to move into a garage apt at one of his kids homes would be fitting too!

[ClintonTyree]

25. Are you kidding me?

Those "pesky" legal fees will be taken care of in a New York minute by one of KKKarl's Korporate Kousins. Rupert Murdoch could take that out of petty cash and probably will. I wouldn't be at all surprised that in the end, KKKarl will end up MAKING money because of this.

That piece of crap will NEVER get what he deserves, unfortunately. If there was any justice in this world he'd be six feet under already.

[SoCalDem]

16. Patton& Boggs..? as in relatedr to Cokie Boggs Roberts?

100K in DC lawyer-land seems a bit on the small side, unless it's for a non-refundable retainer fee..

[mb7588a]

18. And her father, Hale Boggs was on the Warren Commission...

Interesting how these things are all connected.

This Patton Boggs law firm was founded by Thomas Hale Boggs, Jr. - the Congressman's son, and likely cokie's brother.

That's DC for ya.

[Olney Blue]

27. That's a funny turkey graphic, SoCalDem.

[SoCalDem]

29. Gobble Gobble, very much

:)

[earth mom]

19. Isn't that the same house that tax records say is worth 150K?

:wtf:

Saw that info around DU just a few weeks ago. If the house is really worth 1M +, it sounds like Rove is trying to wiggle out of paying his taxes.

Just another typical greedy rethug bastard! :grr:

[rodeodance]

22. those ethics classes must have come in handy.

... "All ethical obligations are being met," said spokeswoman Nicole Wallace.

[ClintonTyree]

23. That's funny... Rove, ethics and Patton Boggs in one sentence....

:rofl: Since when is MSGOP in the comedy writing business? :rofl:

TOO BAD KKKARL! If you lay down with dogs you're going to get fleas, dough-boy! Don't worry KKKarl, I'm sure a LOT of money will mysteriously find it's way into your bank account shortly. It always does for you Republican scum.

It would be great if you were left penniless, homeless and on public assistance. Then maybe you'd see how your "policy" decisions whispered in your sock puppet's ear affect REAL people you porcine, flatulent piece of crap! That'll be the day THAT happens though, There's always a high paying job for a lowlife, lying, cheating, back stabbing piece of shit. :grr:

There aren't words that can describe the fate I wish for you, turd-blossom! :mad:

[msanthrope]

24. Nice retainer. n/t

[greenbriar]

26. DEFAULT>>>I would LOVE to be the banker man

shortest term due and reposess!

[Ilsa]

28. Why didn't he just take it out of his slush fund? eom

[Nimrod2005]

30. Remodeling the kitchen again?

[progressoid]

31. I bet he wishes Delay and Abramoff had access to their $ now.

:rofl: :rofl: :rofl: :rofl: :rofl: