A new post at The Jeffersoniad looks into the history between Terry McAuliffe and a questionable donation to his gubernatorial campaign and finds that the history goes as far back as the S&L Crisis of the late 80s:
McAuliffe and Haddock’s history appears to begin in investing in Richard Swann’s failed savings and loan. Richard Swann (McAuliffe’s father-in-law and a $100,000 donor to Terry’s 2009 bid) helped advise Terry McAuliffe’s Boland Group in assisting his daughter Dorothy Swann McAuliffe’s American Capital Group in the purchase of American Pioneer property for millions less than what it was worth from the Resolution Trust Corportation, which was established at the expense of taxpayers to the tune of $500 million.
McAuliffe had a 50% equity stake in the $39 million deal after having put up only $100 of the funds.
It’s a story of campaign contributions, false addresses, millions of tax dollars, and a business history that shouldn’t fill Virginians with any level of confidence…