Saturday, December 29, 2007

Clinton Library or Favor Factory?

Now that the Clinton Foundation tops a half billion dollars, I guess Hillary does have a basis for believing in Santa Claus:

With the presidential election approaching, Clinton Foundation donations skyrocketed last year to $135 million, 70% more than the year before, with two-thirds of the booty from only 11 donors.

The former president steadfastly refused to reveal the donors' identities — including one super-rich donor giving $31.3 million.

We can certainly now see why. The $31-million-dollar man turned out to be Canadian mining mogul and founder of Lionsgate Entertainment (distributor of Michael Moore's "Fahrenheit 9/11") Frank Giustra, who plans to give another $100 million, plus half his future earnings.

Foreign contributions to presidential campaigns are illegal, but foreigners such as Giustra can anonymously give as much as they like to presidential foundations. So can the Saudi royal family, the king of Morocco, a United Arab Emirates foundation, and the governments of Kuwait and Qatar, all of whom reportedly gave undisclosed amounts to the Clinton Foundation.

Norman Hsu was just a diversion.

It will be interesting to see how the "take" fares if Hillary tanks in Iowa and New Hampshire.
Other eye-raising donations:

..Anheuser-Busch gave $1 million after the Clinton administration's Federal Trade Commission agreed not to regulate beer, wine and liquor ads.

Chicago bankruptcy lawyer William A. Brandt Jr. pledged $1 million in 1999 as the Justice Department investigated whether he lied about using a big-money fundraiser for Clinton's 1996 re-election to lobby a top bankruptcy official. Later that year, Clinton's Justice Department cleared Brandt, who has since given big to Hil-lary's campaign.

When Loral Space and Communications' then-chairman, Bernard Schwartz,
agreed to give $1 million in 2000, the firm was being investigated over whether it gave satellite technology to China. Under the Bush administration, Loral agreed to a $14 million fine.

Other million-dollar contributors got themselves deals on things like Medicare reimbursements for hospitals in Puerto Rico and special treatment on cell phone licenses from the Federal Communications Commission. One is an Iranian-born aviation executive who provided military equipment to Tehran during Iran-Contra.

Then there's the notorious income tax fugitive Marc Rich, pardoned by Bill after his ex-wife, Denise, gave $450,000 to the Clinton Library.

h/t SDA

Originally posted in UNCoRRELATED 22 Dec, 2007

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