Mrs. Hillary Clinton presented the challenge of finding situations where she had supported wall street. It’s not much of a challenge. One theory suggests she forgot the internet exists when she made this statement. The internet is loaded with examples of her associations with, and support for, Wall Street philosophies. The connections are complex, to be sure. They include her paid public speaking appearances, her political fundraising, her son-in-law’s hedge fund, the Clinton Foundation, and donations from other nations.
This is one example of how it works. Before Mrs. Clinton became Secretary of State, Saudi Arabia contributed $10 million to the Clinton Foundation. After becoming Secretary of State, the Saudis asked her for military jets. Two months before the deal was finalized, Boeing, who manufactures the F-15, contributed $900,000 to the Clinton Foundation (according to a company press release). This finalized the deal, with Mrs. Clinton playing middle man and making a hefty profit.
The Saudi deal was one of dozens of arms sales approved by Secretary of State, Hillary Clinton, putting weapons in the hands of governments who had donated money to the Clinton Foundation. Under Clinton’s leadership, the State Department approved $165 billion worth of commercial arms sales to 20 nations whose governments have given money to the Clinton Foundation. While Secretary of State, she also authorized $151 billion in deals for 16 countries that donated to the Clinton Foundation. In essence, a foreign nation makes a donation to the Clinton Foundation, later they request weapons. A major business, typically listed on Wall Street, then makes a donation to the Clinton Foundation (or perhaps to her son-in-law’s hedge fund, described later in this article) to get the contract, and finalize the deal. (Are these donations tax-deductible? Are “we” ultimately paying for Boeing’s donations/bribes?)
Between 2000 and 2008, Mr. and Mrs. Clinton earned $109 million. Some of the money came from the what are called speeches, but are in fact private meetings (reporters and recording devices are not allowed). One hundred and nine million dollars!!! The average American will never see that kind of money. Wall Street businesses have been steady clients. In 2011 and 2012, Bill Clinton gave speeches to a number of Wall Street firms, including American Express, Bank of America Corp, Deutsche Bank AG, Goldman Sachs, HSBC Holdings plc, JP Morgan Chase, Jefferies LLC, the Mortgage Bankers Association, Pricewaterhouse Coopers, Pershing LLC, TD Bank, the Vanguard Group, UBS AG and Wells Fargo & Company. The starting fee of Mrs. Clinton’s husband, per speech, was $165,000. Mrs. Clinton’s fee is roughly $200,000 per speech for the same client base. These “speeches” are essentially backroom deals made with a presidential candidate.
People in the finance, insurance, and real estate industries donated $21 million to Hillary’s 2008 presidential campaign, according to the Center for Responsive Politics. Securities and investments were her third largest source of campaign donations behind wealthy lawyers and retirees. Citigroup Inc management staff donated $765,192. Goldman Sachs staffers were next, making donations of $682,990. DLA Piper came in fourth, Morgan Stanley was in fifth place, and JP Morgan Chase came in sixth.
In 2002, Mrs. Clinton’s husband began a public health non-profit that grew into ‘The Bill, Hillary & Chelsea Clinton Foundation. The Clinton Global Initiative, which holds forums for international leaders, was separately incorporated from the foundation in 2010, at the request of the Obama Administration, while Hillary Clinton was Secretary of State. After she stepped down as Secretary of State, the two funds were reunited (they were briefly separated by legal technicalities, but never “really” separated in terms of staffing, etc.). The Clinton Global Initiative has disclosed its donors by using financial ranges, but not by using specific amounts. Citi Foundation, Barclays Capital, and Fidelity Charitable Gift Fund have each donated between $1 million and $5 million to the Clinton’s foundation. Citigroup Inc, McKinsey & Company, Bank of America Foundation, Barclays PLC, and UBS Wealth Management USA have donated between $500,000 and $1 million. Additionally, Deutsche Bank AG, Deutsche Bank Americas, Goldman Sachs Philanthropy Fund, and Morgan Stanley have each given between $251,000 and $500,000.
Hillary Clinton’s son-in-law, Marc Mezvinsky, is a founding partner in Eaglevale Partners LP. This is a $400 million hedge fund started in 2011. A New York Times investigation found “tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons.” The investors include an overseas money management firm connected to the Rothschild family; and Goldman Sachs CEO, Lloyd C. Blankfein.
Bill Allison, a senior fellow at the Sunlight Foundation, said in April 2014,
“It seems like the Clinton Foundation operates as a slush fund for the Clintons.”