Random Liberal Quotes...
"In the four years since the inspectors left, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al Qaeda members ... It is clear, however, that if left unchecked, Saddam Hussein will continue to increase his capacity to wage biological and chemical warfare, and will keep trying to develop nuclear weapons." -- Sen. Hillary Clinton (D, NY), Oct 10, 2002
Clinton's $850,000 Bundle
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Fri Sep 14, 2007 5:03 am Post subject: Clinton's $850,000 Bundle |
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 Clinton's $850,000 Bundle
Norman Hsu may turn out to be the best thing that's happened to campaign finance reform in years. The Hsu episode illuminates how the current system produces bad results and why changes need to be made.
Category: Commentary
Mr. Hsu is a Democratic fundraiser who collected $850,000 for Hillary Rodham Clinton's campaign and hundreds of thousands more for other Democrats. He is also, it turns out, a crook: He pleaded no contest to grand theft in an investment fraud scheme and failed to turn up for sentencing in 1992.
The FBI is investigating whether Mr. Hsu, who tried again to flee last week when his fugitive status was revealed, was engaging in similarly shady investment activities even as he became one of Ms. Clinton's biggest financial backers. The Clinton campaign, after initially returning Mr. Hsu's $23,000 in direct donations but saying it saw no reason to return the contributions he solicited, plans to toss back the entire bundle now that it has become a political hot potato.
The first lesson of the Hsu episode is one that all candidates -- especially candidates named Clinton -- ought to have learned after the fundraising scandals of the 1996 presidential campaign: Beware of fundraisers bearing big bundles. To some extent, all candidates are at the mercy of their financiers, taking it on faith that the contributions being solicited are not the product of under-the-table, and illegal, reimbursement schemes. But the bigger the bundle, the more diligence is due in checking out the bundler, especially one like Mr. Hsu, whose source of wealth was not obvious, and whose listed occupation changed from one filing with the Federal Election Commission to another.
The Clinton campaign's failure to discover the fugitive warrant for Mr. Hsu is disturbing; its reported rebuff of warnings about Mr. Hsu is inexcusable. "I am more than ever convinced that a man claiming to be a big fundraiser for Hillary Clinton is running a Ponzi scheme," a California businessman, Jack Cassidy, wrote to the Clinton campaign's finance director for Western states, according to e-mails obtained by the Los Angeles Times. The finance director, Samantha Wolf, no longer with the campaign, dismissed those concerns, asserting, "He is COMPLETELY legit."
Read more...
Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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