Able Danger Blog

Click here to order Triple Cross in paperback now

Thursday, September 13, 2007

Hsu is an associate of Bernard Schwartz

As you can see on this original chart that was produced by Orion Scientific in 1999, Loral Corp. was one of the companies with close ties to the Clintons that were identified by LIWA in 1999 as being involved with Chinese missile and weapon proliferation.

It seems those ties are alive and well. According to World Net Daily:

A shady Chinese megadonor to Hillary Clinton's presidential campaign has close ties to an aerospace mogul accused of placing his business interests before national security by sharing missile secrets with Beijing during the Clinton administration.

Before his forced resignation last week, Norman Yuan Yuen Hsu sat on the board of trustees of the liberal New School university in New York with former Loral Corp. head Bernard L. Schwartz, who was allowed to transfer restricted satellite and missile technology to a People's Liberation Army front after contributing a record amount of cash to President Clinton's 1996 campaign....

Schwartz, vice chairman of the New School board, was among officials who introduced Hsu to the school's administration, WND has learned.

Last November, Schwartz and Hsu chaired a New School banquet at the Mandarin Oriental in New York which featured Sen. Clinton as keynote speaker. Clinton steered a $1 million federal grant to the college.

More recently, Schwartz and Hsu (pronounced shoo) appeared together at the New York Yacht Club for Democratic Rep. Patrick Kennedy's 40th birthday bash.

The pair are so-called HillRaisers – major donors to Clinton's war chest – with Hsu raising more than $1 million for her campaign. Hsu, like Schwartz, has lobbied the U.S. government to relax trade rules with China....

Sources say Schwartz vouched for Hsu at New School, even though he was a fugitive convicted of grand theft in California.