2016 Postmortem
Related: About this forumClinton Foundation Runs $20 Million Private Equity Firm in Colombia
The Clinton Foundation is operating a $20 million private equity firm in Colombia, raising concerns from government and consumer watchdog groups who say the practice is unusual and could pose a significant conflict of interest.
The line between the firm and the Clintons nonprofit world is hazy. Fondo Acceso is run out of the Clinton Foundations Bogota office and staffed by foundation employees, a representative at the office told the Washington Free Beacon on Tuesday.
A charitable foundation running a private equity fund is not something one hears about commonly and is very concerning, according to Craig Holman, the government affairs lobbyist at the watchdog group Public Citizen.
http://www.zerohedge.com/news/2015-11-19/exposed-%E2%80%93-clinton-foundation-running-20-million-private-equity-firm-colombia
The ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia run deep. This is a topic I explored earlier in the year in the post, This is How Hillary Does Business An Oil Company, Human Rights Abuses in Colombia and the Clinton Foundation. Heres an excerpt:
The details of these financial dealings remain murky, but this much is clear: After millions of dollars were pledged by the oil company to the Clinton Foundation supplemented by millions more from Giustra himself Secretary Clinton abruptly changed her position on the controversial U.S.-Colombia trade pact.
Having opposed the deal as a bad one for labor rights back when she was a presidential candidate in 2008, she now promoted it, calling it strongly in the interests of both Colombia and the United States. The change of heart by Clinton and other Democratic leaders enabled congressional passage of a Colombia trade deal that experts say delivered big benefits to foreign investors like Giustra.
The details of her familys entanglements in Colombia echo talk that the Clintons have blurred the lines between their private business and philanthropic interests and those of the nation. And Hillary Clintons connections to Pacific Rubiales and Giustra intensify recent questions about whether big donations influenced her decisions as secretary of state.
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Response to amborin (Original post)
CompanyFirstSergeant This message was self-deleted by its author.
AgerolanAmerican
(1,000 posts)the only reason they can do what they do is because they have the exclusive privilege of not being subject to the law
God help us if this woman is made President. We'll all be eating dirt while she becomes a trillionaire.
rhett o rick
(55,981 posts)they use the Foundation as a retirement fund, both working for high pay?
Aerows
(39,961 posts)Especially the second paragraph.
amborin
(16,631 posts)nc4bo
(17,651 posts)Can't cut and paste parts of the article - there are some really choice paragraphs that are cut and paste worthy!
BillZBubb
(10,650 posts)Aren't they entitled to make a buck?
Avalux
(35,015 posts)politicaljunkie41910
(3,335 posts)nc4bo
(17,651 posts)and examples like this with HRC, BJC and TCF. I'm surprised there isn't more that was missed - probably is. More than likely IS.
JudyM
(29,280 posts)amborin
(16,631 posts)ChisolmTrailDem
(9,463 posts)Kittycat
(10,493 posts)PonyUp
(1,680 posts)amborin
(16,631 posts)CompanyFirstSergeant
(1,558 posts)I feel filthy.
I need a shower.
I just took a shower, but...
I need shower.
catnhatnh
(8,976 posts)no news. Now we have this, 1000 foreign donations in Canada the Clinton's sign an agreement to disclosed which they did not and also that 2 TB data dump on offshore money with a 50-50 chance some Clinton or crony's name may be found on...in just one fucking weekend??? If you think the Arkansas grifters can keep that boat bailed out til election day you need help!
amborin
(16,631 posts)yourout
(7,534 posts)running from the jailers.
Corrupt does not adequately describe the Clintons.
reddread
(6,896 posts)what was meant to be prevented by regulations they helped repeal and sidestep.
heavy duty conspiracy of the most heinous sort.
if only there was something funny about it.
senz
(11,945 posts)How can we send them packing?
I don't care if they make themselves rich and live like royalty. I just don't want them polluting the government that is supposed to make life livable for the people who live here.
I want to get the greedy, selfish, power-hungry rich off our backs and out of our lives.
jillan
(39,451 posts)Bernie's taxes!! Where are they??!?
And she has the effing nerve to question people who support Bernie.
berni_mccoy
(23,018 posts)RiverLover
(7,830 posts)amborin
(16,631 posts)Skwmom
(12,685 posts)felix_numinous
(5,198 posts)all this corruption reminds be of the early days at DU deconstructing Bush&Co.
It takes courage to face these truths, and much easier to stay in a bubble of denial. I know HRC supporters would be devastated to realize all this, a lot of good people have been deceived.
Bonobo
(29,257 posts)kristopher
(29,798 posts)Sunlei
(22,651 posts)funds disbursement/spending *totally separate* from that foreign countries banks.
I also think America should separate from Colombias banks our billions of American Federal Funds USA "spends" on our "War on Drugs"
BernieforPres2016
(3,017 posts)and her campaign would be over in 2 weeks.
amborin
(16,631 posts)restorefreedom
(12,655 posts)a forensic accountant should be poring over the foundation docs, the emails, and any records from state.
my guess is that the connections will look something like this
BernieforPres2016
(3,017 posts)From what I've read, Hillary committed to providing a list of contributors as a condition of taking the Secretary of State job and never followed through.
I think the friend of Chelsea's who was picked to lead the Clinton Foundation and left pretty quickly is a red flag. He was replaced with an old friend of the Clintons, Donna Shalala.
http://www.politico.com/magazine/story/2015/03/clinton-foundation-eric-braverman-115598
DanTex
(20,709 posts)amborin
(16,631 posts)AzDar
(14,023 posts)NO THANKS.
restorefreedom
(12,655 posts)Lone_Wolf
(1,603 posts)K/R
Octafish
(55,745 posts)When it comes to making money, Columbia is wicked awesome!
Ask Richard Grasso (left, photo below), then-head of the New York Stock Exchange, as he gives a nice warm hug to Raul Reyes, (photo, right) then-living FARC #2.
The Real Deal: The Ultimate New Business Cold Call
NYSE's Richard Grasso and the Ultimate New Business "Cold Call"
Monday, 18 February 2002, 10:13 am
Column: Catherine Austin Fitts
Lest you think that my comment about the New York Stock Exchange is too strong, let's look at one event that occurred before our "war on drugs" went into high gear through Plan Colombia, banging heads over narco dollar market share in Latin America.
In late June 1999, numerous news services, including Associated Press, reported that Richard Grasso, Chairman of the New York Stock Exchange flew to Colombia to meet with a spokesperson for Raul Reyes of the Revolutionary Armed Forces of Columbia (FARC), the supposed "narco terrorists" with whom we are now at war.
The purpose of the trip was "to bring a message of cooperation from U.S. financial services" and to discuss foreign investment and the future role of U.S. businesses in Colombia.
Some reading in between the lines said to me that Grasso's mission related to the continued circulation of cocaine capital through the US financial system. FARC, the Colombian rebels, were circulating their profits back into local development without the assistance of the American banking and investment system. Worse yet for the outlook for the US stock market's strength from $500 billion - $1 trillion in annual money laundering - FARC was calling for the decriminalization of cocaine.
To understand the threat of decriminalization of the drug trade, just go back to your Sam and Dave estimate and recalculate the numbers given what decriminalization does to drive BIG PERCENT back to SLIM PERCENT and what that means to Wall Street and Washington's cash flows. No narco dollars, no reinvestment into the stock markets, no campaign contributions.
It was only a few days after Grasso's trip that BBC News reported a General Accounting Office (GAO) report to Congress as saying: "Colombia's cocaine and heroin production is set to rise by as much as 50 percent as the U.S. backed drug war flounders, due largely to the growing strength of Marxist rebels"
CONTINUED...
http://www.scoop.co.nz/stories/HL0202/S00069.htm