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Hall of Fame Legend
Posted
Again, biased, but the most recent story I've seen on it. What do you think? (I tried to slim it down a little, still pretty long):

The William J. Clinton Foundation.

Bill Clinton established that body in 1997 while still President. It has since raised half-a-billion dollars, which has been spent on Mr. Clinton's presidential library in Arkansas and global philanthropic initiatives. The mystery remains its donors, and whether these contributors might one day seek to call in their chits with a President Hillary Clinton

...Mr. Clinton says he won't violate the "privacy" of donors by disclosing their names, even if his wife wins the Oval Office. What is already in the public record should make that secrecy untenable, however:

Chicago bankruptcy lawyer William Brandt Jr. pledged $1 million for the Clinton library in May 1999, at the same time the Justice Department was investigating whether he'd lied about a Clinton fundraising event. The Clinton DOJ cleared him a few months later.

Loral Space and Communications then-CEO, Bernard Schwartz, committed to $1 million in 2000, at the same time the firm was being investigated for improperly sending technology to China. Loral agreed to a $14 million fine during the Bush Administration.

A major investor in cellular firm NextWave – Bay Harbour Management – pledged $1 million in 1999, when NextWave was waiting to see if the Clinton FCC would allow it to keep its cellular licenses. NextWave didn't immediately get its licenses, and Bay Harbour never made good on its pledge.

And let's not forget the $450,000 contribution from Denise Rich, which was followed by Mr. Clinton's pardon of her fugitive husband, Marc Rich.

American citizens are limited to donating $2,300 to presidential candidates, but there are no limits on gifts to presidential foundations. We don't think there should be limits, but without disclosure the potential for political conflicts, real or apparent, is extensive. Were it not for some enterprising journalism by the New York Sun in 2004, for example, we might not know that notorious trial lawyer William Lerach had made a donation to Mr. Clinton's foundation. Lerach has since been indicted for, and pled guilty to, fraud...

Presidential candidates also aren't allowed to accept campaign checks from foreigners, but, again, no such restrictions apply to foundations. We know that donations to the Clinton Foundation have come from the Saudi royal family, the king of Morocco, and the governments of Kuwait, Qatar, the UAE and Brunei. Wealthy Middle Eastern businessmen have also given big.

Mr. Clinton has also accepted money from a Chinese Internet company, Alibaba, which aids the Beijing government in censoring the Web. Most recently, one of Alibaba's Chinese homepages posted a "most wanted" list of Tibetan rioters, with pictures and a phone number for informants to call. Mrs. Clinton has condemned the Chinese crackdown on Tibet, but her husband notably hasn't returned the Alibaba money.

No doubt all of these donors would say they gave their money without a single string attached, and Mr. Clinton rightly points out that other former Presidents keep their library donors under wraps. If Mr. Clinton were merely a former President building a library for history's sake, we might not worry. But he is a potential first husband whose spouse could influence countless decisions, foreign and domestic.

Mr. Clinton seems to understand the value of his mere association. Consider his relationship with Canadian financier Frank Giustra, who took Mr. Clinton on a trip to Kazakhstan in 2005, won a Kazakh mining concession, and then committed to donate more than $130 million to the Clinton Foundation. In a letter we recently published, Mr. Giustra insists his gift was entirely philanthropic and that he won the Kazakh concession on the merits.

More recently, we've also learned Mr. Clinton arranged for Mr. Giustra to meet with Colombian President Álvaro Uribe. A Canadian company that Mr. Giustra's firm was advising later acquired interests in Colombian oil fields. Some of the money Mr. Giustra has given the Clinton Foundation has been earmarked for development projects in Colombia.

...The former President insists he's aware of no conflicts. Notably, however, donations to the Clinton Foundation soared as Mrs. Clinton neared a presidential run – to $135 million in 2006, 70% more than the year before.

Mrs. Clinton says the foundation is her husband's business, not hers. But as she has said in the past, a Clinton Presidency is two for the price of one. Americans deserve to know who has been donating to the Clinton Foundation.
 
Posts: 3021 | Registered: Tue March 21 2006Reply With QuoteEdit or Delete MessageReport This Post
Numbers Retired and hangs in the rafters
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I don't have time to read this right now, but the Clinton's should probably have to explain where the Clinton Foundation money comes from if Hillary wants to be president. And I expect they'll resist this as hard as they can.
 
Posts: 7602 | Registered: Wed September 28 2005Reply With QuoteEdit or Delete MessageReport This Post
Hall of Famer
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of course, because people give millions of dollars to presidents without any strings attached all of the time..... a government by the donation for the donation... or charitable contribution for a presidential library.
 
Posts: 1703 | Registered: Mon October 08 2007Reply With QuoteEdit or Delete MessageReport This Post
Hall of Fame Legend
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quote:
We know that donations to the Clinton Foundation have come from the Saudi royal family,


They've given so much they're on the board of directors.
 
Posts: 2507 | Location: Virginia | Registered: Fri August 03 2007Reply With QuoteEdit or Delete MessageReport This Post
Skipper of the Lake Erie Booze Patrol
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Picture of Westside Steve
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quote:
Originally posted by Legacy Fan:
quote:
We know that donations to the Clinton Foundation have come from the Saudi royal family,


They've given so much they're on the board of directors.


Not necessarily to defend Bill but we hate the Saudi Royal family because.....?

WSS
 
Posts: 5307 | Location: Norton Ohio USA | Registered: Mon September 15 2003Reply With QuoteEdit or Delete MessageReport This Post
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Because anytime you have a country with a soveriegn fund like Saudi arabia that destabilizes our interests, its not exactly friendly. Saudi money and influence in our politics which have been actively and aggressively slowing down any move to become oil free. IE we are stuck in Iraq because of oil, so they are somewhat responsible. The Saudi's hate us obviously because 15 or 16 9-11 hijackers including Bin laden were all Saudi. The Royal family was not exactly aggressive in pursueing terrorists that are from their country.

Westside do I really need to continue?
 
Posts: 1703 | Registered: Mon October 08 2007Reply With QuoteEdit or Delete MessageReport This Post
Skipper of the Lake Erie Booze Patrol
Numbers Retired and hangs in the rafters
Picture of Westside Steve
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quote:
Originally posted by sevknowsbetter:
Because anytime you have a country with a soveriegn fund like Saudi arabia that destabilizes our interests, its not exactly friendly. Saudi money and influence in our politics which have been actively and aggressively slowing down any move to become oil free. IE we are stuck in Iraq because of oil, so they are somewhat responsible. The Saudi's hate us obviously because 15 or 16 9-11 hijackers including Bin laden were all Saudi. The Royal family was not exactly aggressive in pursueing terrorists that are from their country.

Westside do I really need to continue?

Yeah Sev.
Like it or not we keep the Saudi Royals alive but there's no way they can acknowledge that.
A lot like Pakistan. The rabble would go berserk if they actually let us go in after OBL.

The hijackers hate the royals as much as they hate anybody and the relationship is pretty strained.
And OBL is no friend of the royals.
I think Saudi oil is still traded in dollars.

WSS
 
Posts: 5307 | Location: Norton Ohio USA | Registered: Mon September 15 2003Reply With QuoteEdit or Delete MessageReport This Post
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yes oil in general is traded in dollars... for now. Russian and other countries are starting a pretty powerful movement to euro's which would have extremely detrimental effects on our spending and economy. We basically use oil trading currency as a interest free loan if that changes we are in some deep shit.

I know their people are not exactly happy with the Royal family but they hate us more. I dont think the Royals like us they just see us as an overspending stupid atm.
 
Posts: 1703 | Registered: Mon October 08 2007Reply With QuoteEdit or Delete MessageReport This Post
Skipper of the Lake Erie Booze Patrol
Numbers Retired and hangs in the rafters
Picture of Westside Steve
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quote:
Originally posted by sevknowsbetter:
yes oil in general is traded in dollars... for now. Russian and other countries are starting a pretty powerful movement to euro's which would have extremely detrimental effects on our spending and economy. We basically use oil trading currency as a interest free loan if that changes we are in some deep shit.
When that changes.
Not if.
IMO the biggest and most neessary reason to invade Iraq.
And the reason the French tried to throw a block.
(and the non Euro Brits were on board)


I know their people are not exactly happy with the Royal family but they hate us more. I dont think the Royals like us they just see us as an overspending stupid atm.


Whatever they think they'd be less happy with a wahabi takeover.
I doubt we had any particular love for the Shah, but when we bailed on him things did get worse.

As I see it that's how international business is done.
Clothespins on noses for everybody.

WSS
 
Posts: 5307 | Location: Norton Ohio USA | Registered: Mon September 15 2003Reply With QuoteEdit or Delete MessageReport This Post
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I do agree with you completely Steve.
 
Posts: 1703 | Registered: Mon October 08 2007Reply With QuoteEdit or Delete MessageReport This Post
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