"(Following is a transcript of the Oct. 22, 1992 conversation with President David Steiner of the American Israel Public Affairs Committee (AIPAC) recorded without his knowledge by New York businessman Haim (Harry) Katz. Its existence was first revealed to the Washington Times and its release triggered Steiner's resignation....
DS: I've known Bill for seven, eight years from the National Governors Association. I know him on a personal basis. I have friends. One of my friends is Hillary Clinton's scheduler, one of my officer's daughters works there. We gave two employees from AIPAC leave of absences to work on the campaign. I mean, we have a dozen people in that campaign, in the headquarters.
HK: You mean in Little Rock?
DS: In Little Rock, and they're all going to get big jobs. We have friends. I also work with a think tank, the Washington Institute. I have Michael Mandelbaum and Martin Indyk being foreign policy advisers. Steve Speigel—we've got friends—this is my business.
HK: I understand, David.
DS: It's very complicated and the more you get into it, you'll love it. You sound like a smart guy.
HK: I'm a smart guy, but I have a, maybe because I'm more orthodox than you are, I've had bad experiences with Gentiles. Let me ask you, you know what "tachlis" means?
DS: Yeah, sure.
HK: From a practical point of view, if Clinton wins the presidency, and I'm sure he will, I hope so at least, what will be the benefits to Israel better than Bush? From a very practical point . . . I mean, you just told me that Bush gave you everything you wanted. . .
DS: Only, not everything, at the end, when we didn't want the F-15s, that's a terrible thing.
HK: Selling the F-15s? If Clinton is elected. . .
DS: Let me tell you the problem with the $10 billion in loan guarantees, right? We only have the first year. We have authorization from Congress, but it's at the discretion of the president every year thereafter, so if Bush is there, he could say, you know, use it as a club, you know. 'If you don't give up Syria, I won't give you the money. If you don't give up the Golan Heights.' It's at the discretion of the president. And that's why we need a friendly president and we have Bill Clinton's ear. I talked to Bill Clinton.
HK: And Bill Clinton has made a commitment that if he's elected . . . ?
DS: He's going to be very good for us.
HK: And he'll go ahead with the loan guarantees?
HK: So, I mean from a practical point of view. . .
DS: He's going to be with us.
HK: I don't say, this business, you say, Bush only went ahead with the loan guarantees for one year.
DS: We only have. It's mandatory they give us the $2 billion for one year. After that it's subject to the discretion of the president.
HK: You mean the other $8 billion?
DS: That's correct. On an annualized basis.
HK: Also, I heard that. . .
DS: They don't have to give it to us.
HK: But if Clinton is elected. . .
DS:... feel reasonably certain we're gonna get It.
HK: He's made that commitment?
DS: Well, he said he's going to help us. He's got something in his heart for the Jews, he has Jewish friends. Bush has no Jewish friends.
HK: Right."