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2016 Postmortem
Related: About this forumClinton Denounces Corporate Crime While Accepting Cash From Blackstone, Firm Sanctioned By SEC
Hillary Clinton Denounces Corporate Crime While Accepting Cash From Blackstone, Firm Sanctioned By SEC
http://www.ibtimes.com/political-capital/hillary-clinton-denounces-corporate-crime-while-accepting-cash-blackstone-firm
Hillary Clinton is traveling the country, promising to get tough on corporate wrongdoers and shadow banks. But as she promises to crack down on investment firms that offer banking services outside the purview of traditional financial regulations, her presidential campaign is vacuuming in cash from executives at a Wall Street firm known as one of the countrys biggest shadow banks one recently fined by federal regulators for allegedly ripping off its clients.
Last week, the president of Blackstone Group, Tony James, hosted a fundraiser for Clinton. The cash flowed to the Clinton campaign just two months after the private-equity giant settled with the Securities and Exchange Commission over charges that it used so-called monitoring fees to enrich the firm at the expense of investors. Clinton accepted the money from executives at the sanctioned firm even as she has criticized the Obama administration for not punishing the perpetrators of financial crime more strenuously.
Among the investors in the Blackstone funds harmed by the scheme were major public pension systems in California, Florida and New Jersey, which hold the retirement savings of teachers, police officers, firefighters and other government workers. In all, municipal and state pension systems have committed at least $9.7 billion worth of investments in the three Blackstone funds the SEC says were hit, according to the research firm Preqin. (A top Blackstone executive said in 2010 that public employees enjoyed retirement benefits that are too generous.) Clinton has been endorsed by a number of major unions that represent public employees who rely on public pension systems for their retirement.
Spokespeople for Clinton and Blackstone did not respond to International Business Times questions about its executives support for Clinton or the SEC case.
http://www.ibtimes.com/political-capital/hillary-clinton-denounces-corporate-crime-while-accepting-cash-blackstone-firm
Hillary Clinton is traveling the country, promising to get tough on corporate wrongdoers and shadow banks. But as she promises to crack down on investment firms that offer banking services outside the purview of traditional financial regulations, her presidential campaign is vacuuming in cash from executives at a Wall Street firm known as one of the countrys biggest shadow banks one recently fined by federal regulators for allegedly ripping off its clients.
Last week, the president of Blackstone Group, Tony James, hosted a fundraiser for Clinton. The cash flowed to the Clinton campaign just two months after the private-equity giant settled with the Securities and Exchange Commission over charges that it used so-called monitoring fees to enrich the firm at the expense of investors. Clinton accepted the money from executives at the sanctioned firm even as she has criticized the Obama administration for not punishing the perpetrators of financial crime more strenuously.
Among the investors in the Blackstone funds harmed by the scheme were major public pension systems in California, Florida and New Jersey, which hold the retirement savings of teachers, police officers, firefighters and other government workers. In all, municipal and state pension systems have committed at least $9.7 billion worth of investments in the three Blackstone funds the SEC says were hit, according to the research firm Preqin. (A top Blackstone executive said in 2010 that public employees enjoyed retirement benefits that are too generous.) Clinton has been endorsed by a number of major unions that represent public employees who rely on public pension systems for their retirement.
Spokespeople for Clinton and Blackstone did not respond to International Business Times questions about its executives support for Clinton or the SEC case.
more on Blackstone: http://www.democraticunderground.com/12511610627
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Clinton Denounces Corporate Crime While Accepting Cash From Blackstone, Firm Sanctioned By SEC (Original Post)
tk2kewl
Mar 2016
OP
revbones
(3,660 posts)1. But she's "always tried to tell the truth"
Good thing she'll just turn around and regulate those guys after she takes their money.
jillan
(39,451 posts)2. "Cut it out".
Scuba
(53,475 posts)3. The "H" stands for "hypocrisy."
k8conant
(3,030 posts)4. Sigh...
NWCorona
(8,541 posts)5. Theranos
thereismore
(13,326 posts)6. Clinton: the most transparent of all administrations.
Uncle Joe
(58,342 posts)7. Kicked and recommended.
Thanks for the thread, tk2kewl.
Thanks for the thread!
tk2kewl
(18,133 posts)11. thanks for the kick
DanTex
(20,709 posts)9. LOL. Six degrees of Hillary Clinton!
Impedimentus
(898 posts)12. "Well, that's what they offered." ???
Just because she took the money doesn't mean she got the best deal.
FEEL THE BERN - 2016
pdsimdars
(6,007 posts)13. And did you see the interview with Nader last week?
That isn't really what they "offered".. . Nader had a copy of the contract and that is the fee SHE demanded right in the contract.
He also pointed out another stipulation she had put in the contract, that THEY would pay $1000 to have a stenographer take down the whole thing and the transcript is in her sole care.
So she really doesn't have to check around to find them. She alone owns them.
tk2kewl
(18,133 posts)14. I did not see that...
Do you have a link? Who interviewed him?