Newsweek on Rove, Patton Boggs and the Akaka bill


Next week's issue of Newsweek has this interesting item reported by Michael Isikoff and Holly Bailey (emphasis added):
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.


Posted: Fri - November 25, 2005 at 03:17 PM    
   
 
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Published On: Dec 27, 2005 10:13 PM
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