What do you call a $250,000 loan given by a foreign billionaire who does business with the U.S. government to a well-connected American political operative? Does it help to know that it was a loan with no interest, no conditions, and no apparent date to be paid back, and was first passed to a Brooklyn businessman who then passed it to the political operative.
Does the term "bribe" quickly cross your mind? Does it help to know that the recipient of the "loan" was the Republican friend-of-Rudy Bernie Kerik? It was given to Bernie during his period of time in Iraq, but Bernie did not include it on his financial disclosure form for some reason.
Paul Kiel presents the story at TPM Muckraker.
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