Bill and Hillary Rodham Clinton — the cute progressive couple, liquidated the contents of their investments of $5 million to $25 million that might very well pose conflicts of interest or prove to be embarrassing to her presidential campaign that will be in full swing a year from now. They hope (and pretty well know) that their liberal followers will forgive them or forget over the next year. Major newspapers will consider it “old news.”
It’s up to blogs to report the news that you can use to make informed decisions.
This just in: the Clintons, when away from their New York residence, which is nearly always these days, charge the US Secret Service the exact price of their mortage for the right “to stay” at their home.
By the way, how “green” is their house?
Back to the big story that will not get much play in the New York Times or Washington Post.
The investment trust and a bank account valued in the range place the Clinton’s total wealth at between $10 million and $50 million.
The Clintons had to disclose their investiments in April under instructions from the Office of Government Ethics and sold their assets in May, according to a disclosure form filed Friday.
Over time, the Clintons’ investments grew significantly and included stock holdings in oil and drug companies, military contractors and Wal-Mart.
The report, also filed with the Federal Election Commission, provides the most detailed look at the Clintons’ holdings as their wealth has expanded since the former presidential couple left the White House in 2001.
The new report also shows that the former president made $16 million in speaking fees between January 2006 and Wednesday. That was 100 times more than any other former president in history.
So far this year, Bill Clinton has given 34 paid speeches for a total of $5.9 million. He will be giving some of that to Hilly and legally under the McCaine Finegold election reform law they pushed through the major media, then congress.
Their investments held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000- $250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading bomb makers contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.
The report said all the proceeds of the sales are being placed in a cash account. The massive unloading of stock means the Clintons face “substantial” capital gains taxes. So their last tax statement will show that they payed their “fair share” in taxes for next year’s final stretch of the election.
(Scratcing, “I don’t remember reading that anywhere in my daily newspaper?”
What do progressives think of that? Do you think they care?