2016 Postmortem
Related: About this forumHillary should have never spoke at Citibank. Criminal banksters should be shunned, not legitimized.
Last edited Tue Dec 8, 2015, 12:46 PM - Edit history (1)
Some of you may recall that Hillary Clinton recently spoke at Citigroup (as well as many other financial institutions), a speech for which Citigroup paid $250,000.
https://www.washingtonpost.com/politics/clinton-foundation-reveals-up-to-26million-in-additional-payments/2015/05/21/e49da740-0009-11e5-833c-a2de05b6b2a4_story.html
The disclosure came as the foundation faced questions over whether it fully complied with a 2008 ethics agreement to reveal its donors and whether any of its funding sources present conflicts of interest for Hillary Rodham Clinton as she begins her presidential campaign.
The money was paid as fees for speeches by Bill, Hillary and Chelsea Clinton. Foundation officials said the funds were tallied internally as revenue rather than donations, which is why they had not been included in the public listings of its contributors published as part of the 2008 agreement.
(...)
Citibank paid at least $250,000 for a speech by Hillary Rodham Clinton.
http://wallstreetonparade.com/2015/08/citigroups-unchecked-crime-wave-proves-that-america-is-headed-in-the-wrong-direction/
On August 3, Citigroup filed its quarterly report (10Q) with the Securities and Exchange Commission (SEC). Instead of reporting a pristine slate free of transgressions as one would expect from a felon on probation, Citigroup reported that it had settled allegations of money laundering with the Federal Deposit Insurance Corporation and the Commissioner of the California Department of Business Oversight involving its Banamex USA unit. The bank was, as typical, able to pay a penalty of $140 million and avoid an admission of guilt.
What Citigroup did not report on its 10Q is that it is also under another criminal money laundering probe by the Justice Department for its Mexican-based Banamex unit, according to a Bloomberg Business report. On July 24, Bloomberg reported the following:
The U.S. Justice Department is investigating whether Citigroup Inc. let customers move illicit cash through its Mexico unit, setting the banks biggest international operation in the path of an expanding money-laundering probe.
http://www.bloomberg.com/politics/articles/2015-10-02/hillary-clinton-lets-big-banks-off-the-hook-for-financial-crisis
Throughout the 2016 presidential primary campaign, Clinton has taken a markedly less critical view of large financial institutions like Citigroup Inc. than Democrats like Elizabeth Warren and presidential rival Bernie Sanders. Instead, Clinton has placed the blame on shadow banking, a term she has used to describe hedge funds and high-frequency traders.
Her comments on their face are wrong, said Christopher Whalen, senior managing director at Kroll Bond Rating Agency and author of Inflated: How Money and Debt Built the American Dream. It is incorrect to blame the crisis on shadow banks. You cant really differentiate between what they were doing and what Citi was doing.
(...)
Deflecting blame from the banks also raises the question for Clinton: What about the crisis woes of firms such as Citigroup Inc., which has long been among her banking supporters? The lender and its employees have been the No. 1 contributor to her political career, giving more than $800,000even during the period she told Dunham she took on Wall Street as a senator from New York. And two of Citigroups fellows in finance have stepped in as top-10 donors to the Democrats presidential run: Morgan Stanley and JPMorgan.
If you dont think Citibank was center to this crisis, its hard to imagine why we spent billions bailing them out, said Robert Borosage, co-director of the liberal Campaign For Americas Future, who referred to Clinton as Wall Streets favorite Democrat.
Betty Karlson
(7,231 posts)"Cut it out!"
It is well know that Wall Street pays politicians to chastise them. If they didn't do so, the terrorists would win.
If you don't believe me, just ask Mrs. Clinton. And she is a woman, in case you forgot. Had I already mentioned 9/11?
FlatBaroque
(3,160 posts)Arugula Latte
(50,566 posts)2pooped2pop
(5,420 posts)YOHABLO
(7,358 posts)Betty Karlson
(7,231 posts)"we have given you people all you need to know".
roguevalley
(40,656 posts)it.
FlatBaroque
(3,160 posts)several hundred thousand dollars in order to receive their pearls of wisdom?
ESKD
(57 posts)Socks and Buddy are long gone.
AlbertCat
(17,505 posts)Does that matter to Citibank?
Makes it easier to foreclose on dog houses and cat trees.
.
CharlotteVale
(2,717 posts)nc4bo
(17,651 posts)CharlotteVale
(2,717 posts)Hepburn
(21,054 posts)blackspade
(10,056 posts)under the street 1000 miles from the building that contains the table.
Hepburn
(21,054 posts)Just asking...
Good one!
Divernan
(15,480 posts)HRC does NOT pay her people unless absolutely forced to.
Mumsy and Poppy will continue to pay all their living expenses, plus a generous allowance while their offspring serve Hillary - it's just so GREAT!, you know, because it's a way for them to donate to HRC without anyone having to declare a contribution!
Doctor_J
(36,392 posts)it will be $10. once she reaches across the aisle
bvar22
(39,909 posts)patting herself on the back for her wisdom, her ability to "compromise" (READ:"Sell Out" and her courage in fighting the Special Interests to get the $10.00 bump.
It will then be added to her list of "accomplishments",
while in the back rooms she will be laughing with the other 1%ers, "THERE. THAT should hold the peasants for another 20 years!"
Hahahahahahahaha!
840high
(17,196 posts)Fuddnik
(8,846 posts)Served at the Citi-TPP Gold Standard Cafe.
Hepburn
(21,054 posts)WillyT
(72,631 posts)liberalnarb
(4,532 posts)Hepburn
(21,054 posts)...she should have given the a "time out" instead?
Duppers
(28,127 posts)K&R
floriduck
(2,262 posts)relating to 99%ers. And the worst part is she has no clue how far off base she is. Her supporters are willfully blind to this fact. So bring on the crybabies. . . . .
Bern on, people!
nc4bo
(17,651 posts)Another addition to the say-any-damned-thing-to-win list even to her BFFs AND you KNOW she cares about these folks. I can so imagine how this works for the rest of us.
Trust her?
I don't even thinks she cares how slimey these Clintonian activities make her look.
Bernie - because Fuck This Shit!
OnyxCollie
(9,958 posts)Citigroup
Citigroup is a core investment for KHC and, since 1991, among its most consistently successful.
Citigroup represents a unique situation in which a privately negotiated investment was made in 1991 in new preferred shares at a time when Citigroups predecessor Citicorp was experiencing financial difficulties. Following KHCs successes in the Saudi Arabian banking sector, the company identified Citicorp as an undervalued company with strong brand assets and significant potential for growth. By negotiating an investment at a time of great financial uncertainty for Citicorp, KHC was able to acquire a significant amount of Citicorp shares at a valuable discount to the market price a bold decision that subsequently proved phenomenally profitable.
KHCs investment played a key role in renewing market confidence in Citicorp, and having demonstrated high levels of support for the rejuvenated company, KHC remained a core shareholder as it undertook a period of huge corporate transformation that saw the group make key acquisitions, such as Travelers, Smith Barney, Salomon and Schroders.
The Chairman of Kingdom Holdings is Saudi Prince Alwaleed Bin Talal
http://www.kingdom.com.sa/hrh-prince-alwaleed-bin-talal
The question is not where KHC is as a company right now, or even what it has achieved to date. The big question is what the future holds, and if we can continue to deliver the same spectacular level of growth and success? The simple answer is yes, and furthermore were well placed to even exceed what has been achieved before. Alwaleed Bin Talal Chairman
The central figure behind KHC, one of the worlds unrivalled international holding companies, is His Royal Highness Prince Alwaleed Bin Talal Bin Abdul-Aziz Alsaud of Saudi Arabia. Named twice by Forbes Magazine as one of the worlds most intelligent and creative investors, Prince Alwaleed sets the agenda for KHCs world operations, providing a guiding vision which has seen remarkable success and worldwide recognition.
The grandson of two of the Arab worlds most celebrated figures King Abdul-Aziz Alsaud, founder and first ruler of Saudi Arabia and HE. Riad El Solh, iconic statesman in Lebanons drive for independence Prince Alwaleed has always been inspired by the uncommon achievements of his family line.
In addition to the Princes business interests, HRH funds a series of highly respected charitable foundations aimed at affecting social change and providing relief and opportunities to those in need. In recognition for this important contribution, Prince Alwaleed has been the recipient of many honors and accolades from esteemed organizations, societies, monarchs and heads of state worldwide.
Until February, Bin Talal was the second biggest shareholder in News Corporation.
http://www.bloomberg.com/news/articles/2015-02-04/saudi-s-kingdom-holding-cuts-stake-in-news-corp-to-1-from-6-6-
Saudi billionaire Prince Alwaleed Bin Talals investment firm sold a stake valued at almost $190 million in News Corp., reducing its holding in Rupert Murdochs media company to about 1 percent.
Alwaleeds Kingdom Holding cut its ownership of Class B shares to 2 million from 13.2 million, or 6.6 percent, it said in a statement to the Saudi bourse Wednesday. The sale generated 705 million riyals ($188 million), which will be used for other investments, it said. Through Kingdom, Prince Alwaleed holds stakes in companies including Citigroup Inc. and Twitter Inc.
Alwaleed, who had the second-largest holding of voting stock in News Corp. after the Murdoch family, has been a staunch ally of the media baron. He publicly supported the familys running of News Corp. amid phone-hacking revelations in 2011 that saw the New York-based company abandon its bid to take over the rest of European pay-TV operator Sky Plc.
The reduction of KHCs holding in News Corp. has been decided in the context of a general portfolio review, Alwaleed said in a statement on Kingdoms website. We remain firm believers in News Corp.s competent management, led by CEO Robert Thomson, and are fully supportive of Rupert Murdoch and his family.
ljm2002
(10,751 posts)...very interesting!
OnyxCollie
(9,958 posts)kath
(10,565 posts)Banksters are DISGUSTING.
ljm2002
(10,751 posts)...http://www.democraticunderground.com/1251879191
I just wanted to retain the headline format, and acknowledge what inspired my post.
That person got it wrong, but I didn't want to even bother dealing with a Hillarian.
Sanders supporters are a lot more edumacable
ljm2002
(10,751 posts)...I almost inserted a (sic) in my headline.
kath
(10,565 posts)ungrammatical post (which does seem to occur more frequently from the HRC crowd, IME.)
I would put the (sic) in the headline here.
ljm2002
(10,751 posts)(a) the headline was my own. Putting a (sic) into one's own phrase is weird since at that point one should just correct one's own phrase.
(b) the headline was meant to mirror another, and the (sic) would distract from that.
Anyway -- a little off topic but fun! Thanks.
kath
(10,565 posts)And thanks for your OP.
Her cozy relationships with banksters and other unsavory types (Kissinger, et al) are some of many reasons that I don't think I can bring myself to vote for her in the GE. Since I live in a deep red state, I won't have to. My vote here doesn't count, thanks to the Electoral Anachronism (er, Electoral College).
Ino
(3,366 posts)I was wondering what all these threads were about! Good to know there's still good reason to have that one on ignore.
dae
(3,396 posts)Chelsea: Thank you for giving me all this money because of my momma and daddy!
Divernan
(15,480 posts)We Clintons keep lists, ya know!
jalan48
(13,901 posts)"It's all about doing the right thing, never about money".
DownriverDem
(6,232 posts)We have banks. I use a bank I have a 401K. It is all tied up with Wall Street.
That's how it is folks. I bet Bernie uses banks and Wall Street too.
Work for your candidate. I am working for Hillary. I will vote for Bernie if he gets the Dem nomination.
November 2016 is all that matters.
ljm2002
(10,751 posts)...but when you say "We have banks" and "I bet Bernie uses banks and Wall Street too" -- are you implying that someone, somewhere has called for doing away with banks and Wall Street? Because I have not seen that. But if someone, somewhere is really calling for that then I'm sure there must be an article or two to that effect, and I'm sure you could find a link to it. SO, if you really think that someone, somewhere is calling for an end to all banks and an end to Wall Street, and especially if one of our Presidential candidates has taken such a position, then please do provide a link so we can all have a look.
Thanks.
erronis
(15,382 posts)I don't think Bernie is owned by wallstreet or the bankers. I happen to believe that many other candidates are owned by corporate interests.
But thanks for a change of pace....
merrily
(45,251 posts)Plucketeer
(12,882 posts)Banks are OK by me - as long as they play by the rules and don't take advantage of their clients. Sadly, like any creature given too much leash, they'll start getting into trouble if left un-tended. To take large sums of money (like 250K for an hour's yammering), makes you suspect of being bribed to let the leash play out too far. Heh - when's the last time your bank said: "We have decided you're really a great client! So here's $250K interest for free. Don't thank us - you deserve this! And have a nice day."
AlbertCat
(17,505 posts)We also had banks before deregulation that allowed them to play poker with your money sans your permission or knowledge.
We can again.
But not with Hillary.
Turn CO Blue
(4,221 posts)in general with you on that point. And the anti-corporation talk as well. I saw a great interview on some late show with John Cusack, where he basically made a similar point. He wasn't saying all corporations are evil, he was sure his Westinghouse refrigerator was made by very nice people...but there were CERTAIN mega-corporations who are not innocent at all, and everybody knows which ones I'm talking about.
tjl148
(185 posts)paid that 250k for just a speech with no thought of other, shall we say, considerations.
MissDeeds
(7,499 posts)zalinda
(5,621 posts)I really don't get how you can keep skirting ethics when you KNOW you are going to run for President? I certainly wouldn't have.
The only way I can figure it, is she thought that she had the Presidency in the bag, and nothing that she did could ruin that.
Z
merrily
(45,251 posts)Enthusiast
(50,983 posts)Dustlawyer
(10,497 posts)Funny how they virtually abandon spewing their crap on this issue other than the one weak sauce post about how we all use banks, even Bernie.
HRC is so transparent when it comes to this issue that only the willfully blind could overlook it (no disrespect to actually blind individuals should be inferred).
Our choices in this election are a Demagogue and the rest of the Clown Car, a populist with a long history of fighting for the majority of Americans on all of the issues of the day, or a corporate toady who has a long history of cashing in at our expense while proclaiming whatever position seems to benefit her the most at the time.
I think I know where my support lies and why, because I actually care about this country and what it used to, and is supposed to, stand for!
Bernie will bring out the most Democrats/Progressives in the General, which would help the down ballot races way more than Hillary could. In fact, Hillary would bring out more Republicans to vote against her. Both seem to fair well against the Clown Car, but the contrast between Bernie and whoever is on the other side would be stark and totally in our favor. The MSM would HAVE TO COVER HIM at that point. I believe that his ability to use the Bully Pulpit to mobilize us and direct us would result in the changes that he has promised to fight for. I for one do not wish to live under corporate rule any longer!
UglyGreed
(7,661 posts)you must be a right winger double agent or something.....
raouldukelives
(5,178 posts)olddots
(10,237 posts)Democracy is real .
Gman
(24,780 posts)And they vote. Good on Hillary for reaching out to everyone and not just those who got the purist model.
ljm2002
(10,751 posts)...get back to me when you catch Hillary reaching out to them.
rhett o rick
(55,981 posts)they contribute to the wealth of the Clinton family.
The corruption is sickening. Some of the 50,000,000 Americans living in poverty are dying because of this corruption and you choose to side with the banksters.
Logical
(22,457 posts)Gman
(24,780 posts)Is why Sanders will never get above 30-35%.
gordyfl
(598 posts)Major Hogwash
(17,656 posts)She's phonier than a 3-dollar bill.
reformist2
(9,841 posts)SoapBox
(18,791 posts)And I wouldn't trust her with a $3 bill.
pnwmom
(109,011 posts)In exchange for her speech, Citibank made the donation to the Clinton Foundation from which Hillary receives no salary or other personal benefit.
What Republican President set up a charitable foundation after he left office, instead of pocketing all his speaking fees? Do you know of any?
https://www.clintonfoundation.org/our-work
ON EDIT: You should delete at least your first sentence, which is clearly false.
"Some of you may recall that Hillary Clinton recently spoke at Citigroup (as well as many other financial institutions), receiving $250,000 for the speech."
jonestonesusa
(880 posts)In your opinion, why do you think Citibank feels that having Clinton speak, and Clinton only out of the Dems, is worth such a big donation? Plus, a few years ago, this same bank needed a multimillion dollar bailout. Now it can write a check for a quarter million for lobbying? Takes a lotta bank tellers to come up with that cash!
pnwmom
(109,011 posts)Who are all the other Dems with charitable foundations that you think Citbank should have donated to instead?
jonestonesusa
(880 posts)and boom, any candidate could make a charitable donation to one of many worthy causes. What makes giving to the Clinton Foundation more attractive? So you think it has nothing to do with seeking to influence policy? Just a routine charitable action by a civic minded for profit organization? One that just happens to benefit from taxpayer bailouts, cheap loans from the FED as needed? Guess you're all in for status quo politics.
pnwmom
(109,011 posts)Unless you give your check directly to a charitable organization.
riversedge
(70,351 posts)when so many do not want to learn
pnwmom
(109,011 posts)And usually a thankless job, to be sure.
So I do appreciate your reply!
ljm2002
(10,751 posts)...is that Hillary Clinton legitimizes criminal banksters when she goes and makes speeches to them -- regardless of whether the money is paid to her directly or to the foundation. The issue of how the $250,000 speaking fees are allocated is secondary to the point. My post is not about the money per se, it is about legitimizing criminal organizations.
But if you want to quibble, here is a rewording of the first sentence: "Some of you may recall that Hillary Clinton recently spoke at Citigroup (as well as many other financial institutions), a speech for which Citigroup paid $250,000." -- there, is that better?
BTW, the foundation has not managed its finances transparently. They had to restate 5 years worth of income this year because they had not properly accounted for tens of millions of donations, some of which were the very speaking fees in question.
And, somehow over the last several years the Clintons have leapt to the stratosphere in terms of their income and net worth. So not all the money they are being paid is going to the foundation.
https://www.washingtonpost.com/politics/clintons-earn-more-than-25-million-in-speaking-fees-since-january-2014/2015/05/15/52605fbe-fb4d-11e4-9ef4-1bb7ce3b3fb7_story.html
(...)
According to the disclosure, Hillary Clinton delivered 51 speeches in 2014 and the first three months of 2015, earning more than $11 million. Her fees varied, but she earned as much as $315,000 for speaking to eBay in San Jose on March 11; she also collected $325,000 for speaking to the technology company Cisco in Las Vegas in August.
After she left her post, Hillary Clintons huge speaking fees at times attracted criticism. In particular, she charged as much as $300,000 to speak at public universities, though she generally donated the funds to Bill, Hillary and Chelsea Clinton Foundation. Those engagements are not reflected among the new disclosures, since they did not provide Clinton with personal income.
Note, obviously from the above paragraph, some of her speeches went to her personal income and some to the Clinton Foundation.
http://www.bloomberg.com/politics/articles/2015-07-31/hillary-and-bill-clinton-paid-43-million-in-federal-taxes
Speaking fees paid to both Clintons. along with former President Bill Clinton's lucrative consulting deals put the couple near the very, very top of the U.S. economic scale.
(...)
Among the nuggets in the Clintons' tax forms: The couple has his-and-hers LLCs, a corporate entity created by independent earners for tax advantages. Hillary Clinton's post-State Department income from speeches and her book, Hard Choices, was paid to ZFS Holdings LLC, established in Delaware a week after she left the job. Her husband uses a similar entity, WJC LLC, to take in speech and consulting income. The existence of WJC became public earlier this year, and the Clinton campaign did not respond to questions about why the candidate's LLC had not been previously disclosed.
pnwmom
(109,011 posts)You could have made your real point much more effectively without twisting the truth.
People have made the argument that donations to the Foundation are questionable, and those arguments can be seriously discussed.
But when you start out by falsely saying or implying that the payment is going to her personally, you lose all your own credibility for everything else you have to say. You immediately reveal your own intention to be NOT FAIR.
So everything you say after that isn't trustworthy.
ljm2002
(10,751 posts)...but I disagree that I was or am being deceptive. But even so, I did oblige you by changing the words, and now you still accuse me of being deceptive.
Citibank paid $250,000 for a speech from Hillary Clinton. There are plenty of articles out there about the fact that the accounting for the Clinton Foundation is shall we say, questionable. And while some are from right wing sites (and I always discount and/or ignore those), there are plenty from reputable sources. What they say is that it's sometimes hard to tell which speaking fees went to the foundation vs. which went to the Clintons.
Done here. TTFN
pnwmom
(109,011 posts)a Federal and state tax deduction. As a DONOR.
Your statement is still deliberately deceptive because you intentionally left the impression that some sort of payment was made to her.
burrowowl
(17,653 posts)but will bring a cloths pin to hold my nose!