Clintons Sell Off Stock Holdings
June 16th, 2007To avoid any conflict of interest, eh? And Hillary just happened to be good at trading cattle futures. Right?
Tell me another one. I like a good laugh in the morning.
Ahh, the loving liberals with the armaments, oil and drug stock portfolios. Walmart, News Corp (Fox News) and Exxon, true bastions of progressive values. HAHAHA. I can’t wait to see the koolaid swilling, shit for brains, zombie democrats who will come out with something like this:
“Hillary didn’t know she was investing in Raytheon and WalMart. It’s a blind trust. It’s all for the children. It takes a village! Besides, only terrorists would dare to question Hillary’s motivation.”
Via: Guardian / AP:
Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign.
The blind trust and a bank account valued in the same range place the Clinton’s total wealth at between $10 million and $50 million.
The Clintons opened the blind trust in April under instructions from the Office of Government Ethics and sold the assets in May, according to a disclosure form filed Friday. The Clintons have had a blind trust since former President Clinton was governor of Arkansas in 1983 and had no control over its transactions.
Once they peered inside it, they discovered it included investments in oil and drug companies, military contractors and Wal-Mart.
The report, filed Friday with the Federal Election Commission and the Office of Government Ethics, provides the most detailed look at the Clintons’ holdings as their wealth has expanded since the former president 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. So far this year, Bill Clinton has given 34 paid speeches for a total of $5.9 million.
The blind trust 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 defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.
…
The blind trust held stock worth $100,000-$250,000 in NewsCorp, the parent company of Fox News, which many Democrats have denounced as biased against them. The trust also held stock in Wal-Mart and Wal-Mart de Mexico.
The senator served on the Wal-Mart board from 1986 to 1992, and was close with the Walton family that created the nation’s largest retailer. But she has recently called on the company to provide better worker benefits and last year her Senate campaign returned $5,000 to Wal-Mart’s political action committee. At the time, Clinton campaign spokeswoman Ann Lewis said the money was returned “because of serious differences with current company practices.”
Friday’s report comes on the heels of Hillary Clinton’s Senate disclosure report, made public Thursday, which only covered activity in 2006 and did not reflect this year’s liquidation of the blind trust.
Research Credit: Marcus
