and money laundering. This led to a separate inquiry into BCCI, and as a result, banking regulators shut down BCCI in 1991. In December 1992, Kerry and Senator Hank Brown, a Republican from Colorado, released The BCCI Affair, a report on the BCCI scandal. The report showed that the bank was crooked and was working with terrorists, including Abu Nidal. It blasted the Department of Justice, the Department of the Treasury, the Customs Service, the Federal Reserve Bank, as well as influential lobbyists and the CIA. Kerry was criticized by some Democrats for having pursued his own party members, including former Secretary of Defense Clark Clifford, although Republicans said he should have pressed against some Democrats even harder. The BCCI scandal was later turned over to the Manhattan District Attorney's office. Precursors to presidential bid In 1996, Kerry faced a difficult re-election fight against Governor William Weld, a popular Republican incumbent who had been re-elected in 1994 with 71% of the vote. The race was covered nationwide as one of the most closely watched Senate races that year. Kerry and Weld held several debates and negotiated a campaign spending cap of $6.9million at Kerry's Beacon Hill townhouse. Both candidates spent more than the cap, with each camp accusing the other of being first to break the agreement. During the campaign, Kerry spoke briefly at the 1996 Democratic National Convention. Kerry won re-election with 52 percent to Weld's 45 percent. In the 2000 presidential election, Kerry found himself close to being chosen as the vice presidential running mate. A release from the presidential campaign of presumptive Democratic nominee Al Gore listed Kerry on the short list to be selected as the vice-presidential nominee, along with North Carolina Senator John Edwards, Indiana Senator Evan Bayh, Missouri Congressman Richard Gephardt, New Hampshire Governor Jeanne Shaheen and Connecticut Senator Joe Lieberman. Gore ultimately chose Lieberman. "You get stuck in Iraq" controversy On October 30, 2006, Kerry was a headline speaker at a campaign rally being held for Democratic California gubernatorial candidate Phil Angelides at Pasadena City College in Pasadena, California. Speaking to an audience composed mainly of college students, Kerry said, "You know, education, if you make the most of it, you study hard, you do your homework and you make an effort to be smart, you can do well. If you don't, you get stuck in Iraq." The day after he made the