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ljm2002

(10,751 posts)
Mon Dec 7, 2015, 10:39 AM Dec 2015

Hillary 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 Clinton Foundation reported Thursday that it has received as much as $26.4 million in previously undisclosed payments from major corporations, universities, foreign sources and other groups.

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/

Citigroup, the bank that played a central role in bringing America to its knees in 2008; received the largest taxpayer bailout in the history of finance to resuscitate its insolvent carcass; pleaded guilty to a felony count of rigging foreign currency trading in May and was put on a three year probation – is now under a string of criminal and civil investigations.

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 bank’s 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 can’t 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 $800,000—even during the period she told Dunham she “took on Wall Street” as a senator from New York. And two of Citigroup’s fellows in finance have stepped in as top-10 donors to the Democrat’s presidential run: Morgan Stanley and JPMorgan.

“If you don’t think Citibank was center to this crisis, it’s hard to imagine why we spent billions bailing them out,” said Robert Borosage, co-director of the liberal Campaign For America’s Future, who referred to Clinton as “Wall Street’s favorite Democrat.”

85 replies = new reply since forum marked as read
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Hillary should have never spoke at Citibank. Criminal banksters should be shunned, not legitimized. (Original Post) ljm2002 Dec 2015 OP
BOOM! merrily Dec 2015 #1
She probably just went there to tell them: Betty Karlson Dec 2015 #2
#DidIMentionImAGirl FlatBaroque Dec 2015 #4
Lol. Arugula Latte Dec 2015 #51
lol 2pooped2pop Dec 2015 #56
Reminds me of Ann Romney's infamous ''Stop It" about beating up on Mitt. YOHABLO Dec 2015 #66
We wait with baited breath for the equivalent of: Betty Karlson Dec 2015 #73
then I guess I should do the same with the two little jobs I use to supplement my income. Lie about roguevalley Dec 2015 #74
Wasn't Citibank interested in paying the Clinton family pets FlatBaroque Dec 2015 #3
Both pets are deceased. ESKD Dec 2015 #10
Both pets are deceased. AlbertCat Dec 2015 #49
Nope. cui bono Dec 2015 #65
Those are her peeps. CharlotteVale Dec 2015 #5
Doesn't leave much room at the table for us, does it? nt nc4bo Dec 2015 #6
We are not at the table at all. CharlotteVale Dec 2015 #7
Shit, us Little Guys are not even in line for a 3rd seating at her table! n/t Hepburn Dec 2015 #11
Nope. We're in the sewer.... blackspade Dec 2015 #14
Maybe she will let us bus the tables at $12/hour? Hepburn Dec 2015 #15
+10 99th_Monkey Dec 2015 #18
Ouch! MissDeeds Dec 2015 #25
She's got trust-fund unpaid "volunteers": Buffy, Mitt, etc. Divernan Dec 2015 #43
That's the pre-negotiation min wage Doctor_J Dec 2015 #46
And then she will go in front of the TV Cameras, bvar22 Dec 2015 #58
...^ that 840high Dec 2015 #52
As Elizabeth Warren said, "If you don't have a seat at the table, you're probably on the menu". Fuddnik Dec 2015 #19
Amen! n/t Hepburn Dec 2015 #24
K & R !!! WillyT Dec 2015 #8
What she there to tell them to cut "it" out? liberalnarb Dec 2015 #9
Do you think... Hepburn Dec 2015 #12
"Wall Street's favorite Democrat." Duppers Dec 2015 #12
She is incapable of floriduck Dec 2015 #16
Oh ha ha, isn't she quite the bs' er. nc4bo Dec 2015 #17
Kingdom Holdings owns a significant share of Citigroup. OnyxCollie Dec 2015 #20
Thanks for the info... ljm2002 Dec 2015 #26
The connection between the Clintons and News Corp gets stronger. OnyxCollie Dec 2015 #32
Grammar nazi - it should be "should have never spokeN". But yeah, her cozy relationships with kath Dec 2015 #21
Please see this post... ljm2002 Dec 2015 #30
Oh, okay - kath Dec 2015 #33
As a grammar nazi myself... ljm2002 Dec 2015 #34
I've done that. Maybe not in a headline to an OP, (don't do many OPs)but certainly when quoting an kath Dec 2015 #35
Here's why I didn't put it in: ljm2002 Dec 2015 #36
Very good point. That would have been weird. kath Dec 2015 #39
Thanks for the link... Ino Dec 2015 #48
WTH could Chelsea's speech be about? dae Dec 2015 #22
Invest in my husband's hedge fund - if you know what's good for you! Divernan Dec 2015 #44
I can just see Hillary, pop poms in hand, cheering on her "constituents". jalan48 Dec 2015 #23
No Offense DownriverDem Dec 2015 #27
No offense... ljm2002 Dec 2015 #29
It's really not whether we "use" banks. It's more whether they "use" us - as in the sense of "own". erronis Dec 2015 #37
I bet Bernie uses a credit union. merrily Dec 2015 #40
I'd bet that too Plucketeer Dec 2015 #47
We have banks. AlbertCat Dec 2015 #50
I think it's fair to say that the anti-bankster rhetoric is a little too robust. So I'd agree Turn CO Blue Dec 2015 #71
And I'm sure the banks tjl148 Dec 2015 #75
K&R n/t MissDeeds Dec 2015 #28
She is her own worst enemy. zalinda Dec 2015 #31
She's known since that she would run for President. merrily Dec 2015 #41
Kicked and recommended to the Max Max Max! Enthusiast Dec 2015 #38
Out of the current 36 replies, only one is a HRC supporter. Dustlawyer Dec 2015 #42
+100000000000000000000000000000000 UglyGreed Dec 2015 #45
+1 to that. nt raouldukelives Dec 2015 #78
Royalty is for fairy tale bed time stories . olddots Dec 2015 #53
Their employees are regular working people Gman Dec 2015 #54
Yeah, and Walmart's employees are regular working people... ljm2002 Dec 2015 #55
LOL. Good on Hillary for reaching out to big bankster criminals they are people and rhett o rick Dec 2015 #59
LOL, in other words, you have nothing else. nt Logical Dec 2015 #63
That attitude right there Gman Dec 2015 #80
Hard to believe gordyfl Dec 2015 #57
K & R AzDar Dec 2015 #60
"Instead, Clinton has placed the blame on “shadow banking,” . . . " Major Hogwash Dec 2015 #61
That way she gets to attack "Wall Street" without actually naming any names. It's pathetic. reformist2 Dec 2015 #62
Yup. SoapBox Dec 2015 #68
K&R!!!! Phlem Dec 2015 #64
FALSE. Hillary did NOT receive any payment for that speech. pnwmom Dec 2015 #67
Even if it's a donation to the foundation jonestonesusa Dec 2015 #70
Large corporations have money set aside for tax deductible donations. pnwmom Dec 2015 #72
Citibank could invite any DEM to speak, hand them a check jonestonesusa Dec 2015 #84
No, it doesn't work that way. You can't hand a large check to anyone without paying taxes. pnwmom Dec 2015 #85
Thank you for trying to educate folks on this board. It is a tireless job riversedge Dec 2015 #76
Your welcome, riversedge. pnwmom Dec 2015 #77
The point of my post... ljm2002 Dec 2015 #79
Your first sentence was flatly false and your second deliberately deceptive. pnwmom Dec 2015 #81
You are entitled to your own opinion of course... ljm2002 Dec 2015 #82
Citibank DONATED $250K to the Clinton charitable foundation for which the bank received pnwmom Dec 2015 #83
I will vote for her if she is nominated burrowowl Dec 2015 #69
 

Betty Karlson

(7,231 posts)
2. She probably just went there to tell them:
Mon Dec 7, 2015, 10:48 AM
Dec 2015

"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)
3. Wasn't Citibank interested in paying the Clinton family pets
Mon Dec 7, 2015, 10:56 AM
Dec 2015

several hundred thousand dollars in order to receive their pearls of wisdom?

Divernan

(15,480 posts)
43. She's got trust-fund unpaid "volunteers": Buffy, Mitt, etc.
Mon Dec 7, 2015, 12:49 PM
Dec 2015

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!

bvar22

(39,909 posts)
58. And then she will go in front of the TV Cameras,
Mon Dec 7, 2015, 05:37 PM
Dec 2015

patting herself on the back for her wisdom, her ability to "compromise" (READ:"Sell Out&quot 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!

Fuddnik

(8,846 posts)
19. As Elizabeth Warren said, "If you don't have a seat at the table, you're probably on the menu".
Mon Dec 7, 2015, 11:45 AM
Dec 2015

Served at the Citi-TPP Gold Standard Cafe.

 

floriduck

(2,262 posts)
16. She is incapable of
Mon Dec 7, 2015, 11:35 AM
Dec 2015

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)
17. Oh ha ha, isn't she quite the bs' er.
Mon Dec 7, 2015, 11:39 AM
Dec 2015
Borosage attached a practical purpose for Clinton's recent sympathy with the bankers: “I assume she said it as she was heading into her fund-raising surge.”


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)
20. Kingdom Holdings owns a significant share of Citigroup.
Mon Dec 7, 2015, 11:49 AM
Dec 2015
http://www.kingdom.com.sa/investments/finance-services-and-investments/citigroup

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 Citigroup’s predecessor Citicorp was experiencing financial difficulties. Following KHC’s 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.

KHC’s 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

HRH 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 we’re well placed to even exceed what has been achieved before.” Alwaleed Bin Talal – Chairman

The central figure behind KHC, one of the world’s 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 world’s most intelligent and creative investors, Prince Alwaleed sets the agenda for KHC’s world operations, providing a guiding vision which has seen remarkable success and worldwide recognition.

The grandson of two of the Arab world’s most celebrated figures – King Abdul-Aziz Alsaud, founder and first ruler of Saudi Arabia and HE. Riad El Solh, iconic statesman in Lebanon’s drive for independence – Prince Alwaleed has always been inspired by the uncommon achievements of his family line.

In addition to the Prince’s 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.

Billionaire Alwaleed Sells $190 Million News Corp Stake
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 Talal’s investment firm sold a stake valued at almost $190 million in News Corp., reducing its holding in Rupert Murdoch’s media company to about 1 percent.

Alwaleed’s 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 family’s 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 KHC’s holding in News Corp. has been decided in the context of a general portfolio review,” Alwaleed said in a statement on Kingdom’s 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.”

kath

(10,565 posts)
21. Grammar nazi - it should be "should have never spokeN". But yeah, her cozy relationships with
Mon Dec 7, 2015, 11:51 AM
Dec 2015

Banksters are DISGUSTING.

kath

(10,565 posts)
33. Oh, okay -
Mon Dec 7, 2015, 12:16 PM
Dec 2015

That person got it wrong, but I didn't want to even bother dealing with a Hillarian.
Sanders supporters are a lot more edumacable

kath

(10,565 posts)
35. I've done that. Maybe not in a headline to an OP, (don't do many OPs)but certainly when quoting an
Mon Dec 7, 2015, 12:25 PM
Dec 2015

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)
36. Here's why I didn't put it in:
Mon Dec 7, 2015, 12:27 PM
Dec 2015

(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)
39. Very good point. That would have been weird.
Mon Dec 7, 2015, 12:36 PM
Dec 2015

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)
48. Thanks for the link...
Mon Dec 7, 2015, 01:04 PM
Dec 2015

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)
22. WTH could Chelsea's speech be about?
Mon Dec 7, 2015, 11:52 AM
Dec 2015

Chelsea: Thank you for giving me all this money because of my momma and daddy!

Divernan

(15,480 posts)
44. Invest in my husband's hedge fund - if you know what's good for you!
Mon Dec 7, 2015, 12:52 PM
Dec 2015

We Clintons keep lists, ya know!

jalan48

(13,901 posts)
23. I can just see Hillary, pop poms in hand, cheering on her "constituents".
Mon Dec 7, 2015, 11:52 AM
Dec 2015

"It's all about doing the right thing, never about money".

DownriverDem

(6,232 posts)
27. No Offense
Mon Dec 7, 2015, 12:04 PM
Dec 2015

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)
29. No offense...
Mon Dec 7, 2015, 12:09 PM
Dec 2015

...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)
37. It's really not whether we "use" banks. It's more whether they "use" us - as in the sense of "own".
Mon Dec 7, 2015, 12:29 PM
Dec 2015

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....

 

Plucketeer

(12,882 posts)
47. I'd bet that too
Mon Dec 7, 2015, 01:03 PM
Dec 2015

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)
50. We have banks.
Mon Dec 7, 2015, 01:13 PM
Dec 2015

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)
71. I think it's fair to say that the anti-bankster rhetoric is a little too robust. So I'd agree
Tue Dec 8, 2015, 01:16 AM
Dec 2015

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)
75. And I'm sure the banks
Tue Dec 8, 2015, 03:39 AM
Dec 2015

paid that 250k for just a speech with no thought of other, shall we say, considerations.

zalinda

(5,621 posts)
31. She is her own worst enemy.
Mon Dec 7, 2015, 12:12 PM
Dec 2015

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

Dustlawyer

(10,497 posts)
42. Out of the current 36 replies, only one is a HRC supporter.
Mon Dec 7, 2015, 12:48 PM
Dec 2015

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!

Gman

(24,780 posts)
54. Their employees are regular working people
Mon Dec 7, 2015, 01:40 PM
Dec 2015

And they vote. Good on Hillary for reaching out to everyone and not just those who got the purist model.

ljm2002

(10,751 posts)
55. Yeah, and Walmart's employees are regular working people...
Mon Dec 7, 2015, 01:46 PM
Dec 2015

...get back to me when you catch Hillary reaching out to them.

 

rhett o rick

(55,981 posts)
59. LOL. Good on Hillary for reaching out to big bankster criminals they are people and
Mon Dec 7, 2015, 05:55 PM
Dec 2015

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.

Major Hogwash

(17,656 posts)
61. "Instead, Clinton has placed the blame on “shadow banking,” . . . "
Mon Dec 7, 2015, 10:09 PM
Dec 2015

She's phonier than a 3-dollar bill.

pnwmom

(109,011 posts)
67. FALSE. Hillary did NOT receive any payment for that speech.
Mon Dec 7, 2015, 11:41 PM
Dec 2015

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)
70. Even if it's a donation to the foundation
Tue Dec 8, 2015, 01:15 AM
Dec 2015

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)
72. Large corporations have money set aside for tax deductible donations.
Tue Dec 8, 2015, 01:50 AM
Dec 2015

Who are all the other Dems with charitable foundations that you think Citbank should have donated to instead?

jonestonesusa

(880 posts)
84. Citibank could invite any DEM to speak, hand them a check
Tue Dec 8, 2015, 11:37 PM
Dec 2015

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)
85. No, it doesn't work that way. You can't hand a large check to anyone without paying taxes.
Wed Dec 9, 2015, 12:03 AM
Dec 2015

Unless you give your check directly to a charitable organization.

riversedge

(70,351 posts)
76. Thank you for trying to educate folks on this board. It is a tireless job
Tue Dec 8, 2015, 05:06 AM
Dec 2015

when so many do not want to learn

ljm2002

(10,751 posts)
79. The point of my post...
Tue Dec 8, 2015, 12:46 PM
Dec 2015

...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

Hillary Rodham Clinton and former president Bill Clinton earned in excess of $25 million for delivering 104 speeches since the beginning of 2014, a huge infusion to their net worth as she was readying for a presidential bid.

(...)

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 Clinton’s 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

Hillary and Bill Clinton made $139.1 million over the past eight years, cashing in on their celebrity and connections to put themselves in the ranks of the highest-paid Americans, according to tax returns released Friday by the former secretary of state's presidential campaign.

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)
81. Your first sentence was flatly false and your second deliberately deceptive.
Tue Dec 8, 2015, 03:19 PM
Dec 2015

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)
82. You are entitled to your own opinion of course...
Tue Dec 8, 2015, 05:51 PM
Dec 2015

...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)
83. Citibank DONATED $250K to the Clinton charitable foundation for which the bank received
Tue Dec 8, 2015, 05:56 PM
Dec 2015

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.

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