snagglepuss
snagglepuss's JournalYou've gotta see this. This is wild. Bern It Up Remix.
<iframe width="854" height="480" src="
" frameborder="0" allowfullscreen></iframe>Frugal Bernie is a case apart from the two other presidential candidates who don't crack a million.
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Only three candidates had a net worth that didn’t crack a million bucks: Bernie Sanders, Marco Rubio, and Martin O’Malley.
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The frugal Sanders (net worth $700,000) is a case apart, accumulating very few assets in his lifetime and deriving the bulk of his net worth from his homes in Vermont and Washington, D.C.
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With Rubio, his financial mismanagement has been well documented, including the acquisition of a pricey boat and an expensive lease on a luxury car, as liabilities mounted.
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We pegged Democratic hopeful Martin O’Malley’s net worth at $0, the lowest of any candidate in the race. O’Malley’s latest filings show he and his wife earned more than $600,000 during the last reporting period, yet, like many Americans, he’s been crushed by student debt, as he tries to put his four children through school.
http://www.forbes.com/sites/afontevecchia/2015/09/29/the-richest-and-poorest-presidential-candidates-from-hillarys-millions-to-marco-rubios-debts/#2f8543140702
How The Clintons Cashed In - How They Made $230 Million Since Leaving The White House
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[After leaving the White House]
The money flowed in fast. Bill delivered the first of hundreds of high-paying speeches on February 5, 2001, less than three weeks after he left the presidency, talking to Morgan Stanley in New York for $125,000. The firm got a bargain. Bill eventually raised his average rate to roughly $225,000 per speech, in some cases charging $500,000, according to disclosure documents Hillary filed as a senator and cabinet member. In 2005, Bill even charged $125,000 for giving a video conference from New York to a group called HSM Italia. All told, he raked in about $100 million from speaking from 2001 to 2014.
The former president also made a fortune writing books. In 2004, he published his memoir My Life, which became a No. 1 New York Times bestseller. From 2001-05, Clinton listed his speaking and writing as a joint business on his tax return, so it’s difficult to tell exactly how much he made from books versus speaking during that period. But the revenues for his speaking engagements are detailed in annual disclosure reports Hillary filed as a senator. Taking those revenues and figuring that his speaking business produced similar margins from 2001-05 to those it made in 2006 and 2007, Forbes estimated how much of his earnings came from each source during the five years in which they are listed as a combined business on the Clintons’ tax returns. According to our calculations, Bill Clinton made an estimated $29 million from writing from 2001-05 and banked another $9 million from 2006 to 2014. The Clintons did not respond to multiple requests for comment.
Bill made money in business as well, charging more than $15 million to serve as an advisor to investment firm Yucaipa, led by billionaire Ron Burkle, from 2003 to 2008. Clinton declared a loss of about $725,000 when he disposed of his Yucaipa partnership in 2008. The next year he began consulting for two other companies, Shangri-La Industries and Wasserman Investments. Over two years, Clinton collected $2.5 million from Shangri-La Industries and $3.1 million from Wasserman Investments.
In 2010, Clinton added his most lucrative consulting client, for-profit college company Laureate Education. Over five years, Laureate paid Clinton a total of $16 million.
The former president also consulted for another for-profit education company, GEMS Education, from 2011 to 2014, earning $6 million over that span.
In total, Bill made a sum of $27 million from consulting, in addition to the millions he got from from Yucaipa.
Read more at
http://www.forbes.com/sites/danalexander/2015/10/13/how-the-clintons-made-more-than-230-million-after-leaving-the-white-house/#45fe4a7e791e
Forbes: The Mystery Of Hillary's Missing Millions
Since Bill and Hillary Clinton left the White House in 2001, they have earned more than $230 million. But in federal filings the Clintons claim they are worth somewhere between $11 million and $53 million. After layering years of disclosures on top of annual tax returns, Forbes estimates their combined net worth at $45 million. Where did all of the money go? No one seems to know, and the Clintons aren’t offering any answers.
From 2001 to 2014 the power couple spent $95 million on taxes. Hillary’s 2008 presidential run cost her $13 million. Their two homes cost a combined $5 million, and the Clintons have given away $22 million to charity. All of this is according to FEC filings, property records and years of tax returns. Add it up and you get $135 million. If the Clintons made $230 million, spent $135 million and have just $45 million left over, what happened to the other $50 million?
“That’s kind of strange,” says Joe Biden’s accountant, Walter Deyhle. “You have to report all of your assets. You have to report assets that are owned by your spouse.”
It seems unlikely that the Clintons could have spent all of it. Over 14 years $50 million averages out to $3.6 million in extra expenses per year, or $9,800 per day.
http://www.forbes.com/sites/danalexander/2015/09/29/the-mystery-of-hillarys-missing-millions/#504b51b75505
In another 2015 Forbes article, Agustino Fontevecchia writes how financial transparency is an illusion in Washington.
As my colleague Dan Alexander explains in his well-researched piece, Bill and Hillary left the White House essentially broke in 2001 (note that our valuations include spouses’ assets as well), only to make an incredible $230 million over the next 14 years through speaking engagements, book deals, and consulting gigs. To our own astonishment, their latest public disclosure lists a maximum of $53 million in assets (we valued them at $45 million). The Clintons make it crystal clear that despite disclosure requirements by the Federal Election Commission and the Office of Government Ethics, and even adding voluntarily revealed tax filings, the relationship between money and power remains fraught with obscurity. To a certain extent, financial transparency is an illusion in Washington. Leaving the highest offices a public servant can aspire to, such as the Presidency or the State Department, can be exceptionally fruitful.
http://www.forbes.com/sites/afontevecchia/2015/09/29/the-richest-and-poorest-presidential-candidates-from-hillarys-millions-to-marco-rubios-debts/#1286398a4070
Edited to add the following link which shows how the Clintons amassed $230 million after leaving the White House.
http://www.democraticunderground.com/12511103620
Do you recall if Bill made that quip about not emailing after the email story broke?
Anyone know if Bill Clinton's emails were on Hilliary's server and if so would the FBI
have read them as well?
Hillary Helps Swiss Bank Avoid IRS—and Then It Funnels Millions to the Clintons
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How can mainstream Democratic Party beliefs about the corrupting effects of money in politics and the perniciousness of Big Finance possibly be squared with elevating as their leaders a couple as cozy with Big Finance as anyone in American politics?
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Even Democrats who aren’t concerned about the agenda of Big Finance ought to ask themselves if America is best served by a president and first spouse who care so little about preserving the confidence that the public can reasonably have in the integrity of their actions. They are far from the only members of our elite who’ve put a payday ahead of the common good, but it’s hard to think of a more flagrant example.
Background information
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“A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts,” the newspaper reports. “If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court. Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS.”
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Then reporters James V. Grimaldi and Rebecca Ballhaus lay out how UBS helped the Clintons. “Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014,...And it paid former president Bill Clinton $1.5 million to participate in a series of question-and-answer sessions with UBS Wealth Management Chief Executive Bob McCann, making UBS his biggest single corporate source of speech income disclosed since he left the White House.”
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...Maybe it’s all a mere coincidence, and when UBS agreed to pay Bill Clinton $1.5 million the relevant decision-maker wasn’t even aware of the vast sum his wife may have saved the bank or the power that she will potentially wield after the 2016 presidential election.
http://www.theatlantic.com/politics/archive/2015/07/hillary-helps-a-bankand-then-it-pays-bill-15-million-in-speaking-fees/400067/
Secret recording of one speech Hilliary gave to Wall Street.
<iframe width="640" height="360" src="
?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>If you go to a dance you gotta dance with the one who brung ya. A Hilliary win.
http://www.democraticunderground.com/12511088874If ya go to a dance, ya gotta dance with the one who brung ya. A Hillary win
and Hillary will be doing a stately dance with her big donors, in the corridors of power and her dance card is full.
A Bernie win and Bernie will be dancing in the streets with those who've taken him to the White House. Millions of Americans are ready for America to have a brand new beat.
Come on, join us, form that big strong line.
Make no mistake those who have paid lavishly to bring Hilliary to their dance know she'll be dancing with them because Hillary and they know that you gotta dance with the ones that brung ya.
https://theintercept.com/2016/01/08/hillary-clinton-earned-more-from-12-speeches-to-big-banks-than-most-americans-earn-in-their-lifetime/
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