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"Hey Frank, What's in the Bank?" Pt. III

by: Dean Barker

Sun Oct 17, 2010 at 08:08:53 AM EDT


Guinta money 2 copy
The drumbeat gets louder still. Jake Berry:
Account continues to plague Guinta

..."He just can't talk about anything else as long as this is out there," said Dean Spiliotes, a professor of political science at Southern New Hampshire University and publisher of the political blog NHPoliticalCapital.com.

"It's the lead in most stories. It's what journalists want to talk about, and it doesn't seem to be going away. ... Politicians should know these stories don't go away until you put them to bed."

Landrigan:
The Sunday Telegraph first raised questions about where Republican nominee Frank Guinta got more than $200,000 in personal loans to his campaign.

We've come a long way since then, and we really haven't with Guinta, who insists the money was his own and flatly denies a New Hampshire Public Radio report last week that suggested the cash came from his parents, who sold a second home in New Jersey.

Landrigan also notices that Guinta's current cash-on-hand is less than the $355,000 that may have been illegally contributed.  Which means the remaining campaign operations from Team Guinta from now until election day are quite possibly brought to you by a crime.

Adding: this will be a real test of the Union Leader and Fosters.  If they endorse Guinta without him having proven the money is his with a simple copy of a bank statement, they will lose any ability to be framed as principled conservative newspapers and be known simply as right-wing hacks who contributed to what down the road could be a resignation in disgrace and a special election.

Dean Barker :: "Hey Frank, What's in the Bank?" Pt. III
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a Kantner joint n/t (0.00 / 0)


4

[ Parent ]
Here's a diary on the gift tax, which might be of (0.00 / 0)
interest.

http://www.dailykos.com/story/...

The gift tax seems designed as a back-stop to prevent the evasion of the estate tax.


speaking of the Wikipedia (0.00 / 0)
I edited the "Controversies" section of his Wikipedia entry:

http://en.wikipedia.org/wiki/F...

My version has lasted the night and may stand for a while.  There was a spirited edit war in 2009 but since then there has been surprisingly little interest in it.  The Fish & Game Club story used to be in there but it tends to be deleted when added back in.  Here it is:

Guinta has been challenged on the origins of personal loans to his own campaign to the tune of of $355,000. Guinta claims to have saved this money over the course of his career from real estate deals and from consulting work, but has refused to provide documentation to verify this veracity of this statement. His opponents have claimed that the funds came from an illegal donation by Guinta's relatives. The issue first came up during the Republican primary, but Guinta won anyway. In October 2010, New Hampshire Public Radio  political reporter Josh Greenberg tried to verify the verifiable aspects of Guinta's claims. Guinta almost certainly made less than $100,000 from his known real estate deals (involving four residential properties in Manchester.) His other activities seemed unlikely to generate enough income to accumulate a quarter of a million dollars' savings. One of his past political jobs, as a New Hampshire State Representative, has a notoriously low salary- $100 per year- although like most of his colleagues he held down outside jobs during his New Hampshire House service. However, his two later political jobs paid somewhat higher salaries- but not large enough to explain his large savings, which were in any case not reflected on any of the many financial disclosure forms he filed over the years. (He made about $55,000/year as a Congressional aide and $72,000 a year as Mayor of Manchester.)


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Thanks for all the fish


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[ Parent ]
"verify this veracity of this statement"? (0.00 / 0)
What th...?

Someone who worked on the article before me put that phrase in. Sorry about not fixing that.

I was the one who put in "tried to verify the verifiable aspects".

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Thanks for all the fish


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[ Parent ]
the Union Leader (0.00 / 0)
The Union Leader hasn't covered this story at all, if I am not mistaken.  They have however found other scandals to cover.

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Thanks for all the fish


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Separate interviews this AM, Carol and Frank, on WMUR. (4.00 / 1)
Asked Carol about the deficit; she handled it well (I thought).

Led off asking Frank about the money. Asked him repeatedly why he wouldn't produce a bank statement so they could move on.

Stonewall.

Spilliotes is right.



Guinta: "Standing on Principle" (4.00 / 1)

As Elwood points out today on WMUR Close Up Josh McLevin opened and closed the segment with Guintat on the 355,000

Guinta spins his refusal to disclose bank statements etc. as "standing on principle"

The issue isn't going away, but Guinta is running out the clock on it.

Keep the pressure on.


standing on his parents principal ? (0.00 / 0)
Principal and interest or principles? Guinta has plenty of the former and none of the latter. We need a 'statement' statement Frank.

4

[ Parent ]
Exactly (4.00 / 1)
what principal is that?  That the laws don't apply to him?

[ Parent ]
Good one John (4.00 / 1)
I like that. Standing on his parents bank account. Or worse.

There's not really a way that Guinta holds this seat (4.00 / 1)
Even if it's a Repub controlled Congress in Jan, I don't think this is the sort of ethics thing you can dodge.

Maybe some space will free up soon in the Parole Board Leader to cover what's becoming a national story.

Or they could just keep giving it to DiStaso's roundup, that seems fair.




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