 The taped conversation was about a questionable real estate loan which Connolly secured for South Boston drug dealer, Thomas Cahill, who was part of the South Boston narcotics distribution network.John "Red" Shea was among 51 people charged in four separate indictments last week with working for four cocaine rings that allegedly smuggled the drug in from Florida and sold it on the city streets.In an August 30, 1989 (phone) conversation, Timothy Connolly complained to Shea that Rooney called Monarch Mortgage-which wrote (Thomas) Cahill's loan and told them his property was "overfinanced by 130 percent."