Daily Kos : Setting the Record Straight (Hillary / UBS )

[KentuckyWoman]

Look, she's not my first choice this time out - and I do think she's too cozy with the power elite - but I personally remember this whole chain of events a little differently than what is being repeated around. I've pulled this from Daily Kos because the article includes the timeline of events.



http://www.dailykos.com/story/2015/08/02/1408141/-Setting-the-Record-Straight-on-the-Wall-Street-Journal-Hatchet-Job-of-Hillary-Clinton-Regarding-UBS

The Journal's disclaimer comes in the sixth paragraph:

“There is no evidence of any link between Mrs. Clinton’s involvement in the case and the bank’s donations to the Bill, Hillary and Chelsea Clinton Foundation, or its hiring of Mr. Clinton.”
They know how much shit they’re shoveling.
Buried in the 32nd paragraph, readers learn that the “unusual intervention,” mentioned in the 3rd paragraph, wasn’t an intervention at all. The settlement wasn't a favor from Clinton to let the bank off the hook. The settlement was arranged by the Justice Department and the IRS. They signed the agreement. Clinton had the privilege of announcing it during a visit by Switzerland's Foreign Minister.

snip

The Wall Street Journal's hatchet job piece is based on an unrealistic premise. An "unusual intervention" by Clinton would have disrupted the considerable efforts that were already proceeding:

The IRS sent its John Doe Summons to UBS for the names of its American clients in July 2008.

Senator Carl Levin chaired Permanent Subcommittee On Investigations hearings on July 17, 2008, July 25, 2008, with witnesses from UBS and March 4, 2009. with witnesses from the IRS.

The Department of Justice announced that UBS had entered into a Deferred Prosecution Agreement on February 18, 2009.

Clinton travelled to Geneva to meet the Swiss Foreign Minister on March 6, 2009.

Here’s a chronology of events related to the UBS case.

More at link

[SunSeeker]

1. Thanks for stating the actual facts. Hillary did not "intervene" on behalf of UBS.

[BlueMTexpat]

2. Thank you for trying to put the facts

out there.

I have seen so much outright crap against HRC posted in DU that it thoroughly discourages me about the learning curves of some people who are more interested in repeating GOPer memes than in respecting the truth.

Thank you so much for your OP.

[KentuckyWoman]

6. I figured it's worth a try.

I plan to vote Bernie in Kentucky's primary but am still frustrated over the misinformation against Hillary out there. The other thread slamming her is well into greatest territory and climbing. This one will sink like a rock.

But at least I tried and can sleep at night.....

[Wilms]

3. OK. Thanks for the info and clarification. n/t

[Arkansas Granny]

4. Thanks for the info.

[questionseverything]

5. the ubs case

http://www.theguardian.com/business/2015/jul/30/hillary-clinton-ubs-tax-evasion-settlement-foundation

Hillary Clinton’s overlap of private and political activities was once again in the spotlight on Thursday after a Wall Street Journal report that since Clinton helped broker a settlement in a legal tax case against UBS while she was secretary of state, the Swiss bank has increased its financial support and involvement in Clinton Foundation projects.

In February 2009, the IRS sued UBS and demanded that it disclose the names of 52,000 possible American tax evaders with secret Swiss bank accounts. In the months that followed – thanks to involvement of Clinton as secretary of state and Swiss lawmakers – a legal settlement was negotiated. On 19 August 2009, it was announced that UBS would pay no fine and would provide the IRS with information about 4,450 accounts within a year.

Since the deal was struck, disclosures by the foundation and the bank show the donations by UBS to the Clinton Foundation growing “from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014”, according to the Wall Street Journal.

The bank also teamed up with the foundation on the Clinton Economic Opportunity Initiative, creating a pilot entrepreneur program through which UBS offered $32m in loans to businesses, the newspaper reported. Other UBS donations to the Clinton Foundation include a $350,000 donation from June 2011 and a $100,000 donation for a charity golf tournament.

Additionally, UBS paid more than $1.5m in speaking fees to Bill Clinton between 2001 and 2014, the newspaper reported.