Skip to main content

Well, it's not her tax return, but Hillary Clinton's presidential financial disclosure report will just have to do for now.

The magic couple pulled in a sum in excess of $45 million, not including earnings in 2007 or 2008.

The Assets and Income are an interesting read. Bill's income from the Arkansas Public Employee Retirement System is listed ($15,001-$50,000) as well as assets held in The Bank of Ireland (also $15,001-$50,000). You recall, Hillary claims "I helped to bring peace to Northern Ireland" as part of her experience portfolio, so that sort of makes perfect sense.

Interesting stock choice held in Exxon Oil and BP Amoco --but it's all good. Somebody other than Dick Cheney should make a profit off America's rape at the pump, so it might as well be the Clintons, to the tune of $50,001-$250,000.

The Clintons like pharmaceutical companies--GlaxoSmithKline ($50,001-$100,000)--the company that charges my uninsured asthmatic daughter $250 a pop for Advair--Pfizer ($100,001-$250,000), Lilly, Eli & Company ($50,001-$100,000) and most likely carry United Health Group ($100,001-$250,000) in their portfolio due to Hillary's interest in universal health care.

As a union member myself, I'm glad to see that former Board member Hillary Rodham Clinton continues to support the unionization of Wal-Mart employees through the holding of Box Store stock ($100,001-250,000).

Yahoo! ($100,001-250,000). The Clinton Family Foundation ( a non-profit charity) carries a bit of credit card debt ($10,001-$15,000) at an interest rate of $18.24%. They do feel the pain of financial crunch, just like we do.

Mr. Murdoch's NewsCorp ($100,001-$250,000) holdings help explain the recent pro-Hillary media spin and hey, watch out, Obama. The Clinton portfolio lists a Puerto Rico Commonwealth Bond, which may or may not prove a factor in the P.R. primary.

The Yucaipa Global Partnership Fund (suspiciously listed as none or less than $1001) is definitely my favorite listing, for oh-so-many reasons.

Read on.

Hoping to insulate his wife’s presidential campaign from potential conflicts of interest, Bill Clinton is negotiating to untangle himself from a business relationship with billionaire Ron Burkle that includes a potentially sensitive link to Dubai, the Wall Street Journal reports. In the process, Clinton could earn a $20 million payout. Clinton was an adviser to Burkle’s company, Yucaipa, from 2002 to 2007. His substantial paycheck helped pay legal bills left over from his presidency. A profit-sharing provision in the deal kicked in when two domestic funds exceeded earnings thresholds recently, earning Clinton millions. He also wants out of Yucaipa Global Partnership Fund, in which he and Burkle are partners along with an entity linked to Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum.

Hmm. On that note--

In each of Senator Clinton's past four disclosure statements - 2003-2006 -- there is a line item that reveals only that Bill Clinton received "guaranteed payments to partner" of "over $1,000" from Burkle's Yucaipa.

The disclosure forms do not explain what the guarantee is, and they leave to the imagination how much over $1,000 the annual amounts are. President Clinton, according to news accounts, has helped Burkle in his business dealings.

In her financial disclosure statements, Hillary Clinton lists two seemingly modest investments in Burkle companies, under the category of "Non-Publicly Traded Assets and Unearned Income Sources." One investment in Yucaipa Global Holding is described as worth less than $1,000, while producing interest income of $200 to $1,000 annually. The other, in the Yucaipa Global Partnership Fund, is also listed as being worth less than $1,000, while producing interest payments of $1,000 to $2,500 a year.

OK. So what?

There are a number of reasons the Yucaipa ties could prove embarrassing to the Clintons.

Bloomberg News on December 17 reported that three of the Yucaipa funds are registered in the Cayman Islands. Senator Clinton, in 2004, declared that she intended to close tax loopholes for "people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters."

The WSJ's January 22 story pointed out that Clinton has an interest in Yucaipa Global Partnership Fund, making him a partner with the Dubai Investment Group, "an entity connected to the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum." Senator Clinton, according to the WSJ, had separately raised questions about investment funds controlled by foreign governments, because the funds "could be used by foreign governments as 'instruments of foreign policy."

--The Wall Street Journal and The Huffington Post

So much for transparency.

Originally posted to creepers on Thu Mar 06, 2008 at 06:03 PM PST.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site