I've been reading about Jane Sanders and that college...

[catnhatnh]

Thank God the Clintons never got involved in real estate deals.....








BWAHAHAHAHAHA!!!!!!!!!!!

[DURHAM D]

1. They lost money and Jane made money.

Too bad the school was the big loser.

[HooptieWagon]

2. It wasn't a unilateral decision.

She ran it by the Board of Directors, who approved it. It was a real estate deal that went bad when the market collapsed. Bad decision in retrospect, but nothing illegal. Jane received her salary, not proceeds from the deal.

[Demsrule86]

4. She was not truthful about the donations

It is against the law to lie on mortgage documents. You can be sent to Camp Fed.

[DURHAM D]

5. She lied to the Board

as well as the lender.

[Hortensis]

8. Whatever. I think we should leave her alone and

go after Bernie Sanders for lying to and betraying his followers, and the Democratic Party whose door was wide open for him to enter.

[sheshe2]

6. She left with a 200K Golden parachute.

[George II]

14. The Board of Directors approved the purchase based on falsified "pledges"....

...what made the deal go bad was the inability of the college to continue payments.

We don't know that Jane received no proceeds from the deal, she's refused to release their tax returns.

[HooptieWagon]

16. Yes, donors didn't follow through on their pledges.

That tends to happen in a recession, as you would know if you had any non-profit experience.

[George II]

17. She never fully documented the pledges, and by the time the property was purchased the real estate..

....market was recovering and the recession was over. Besides, if we were mired in an recession it was irresponsible (or very poor judgement) to incur such debt.

https://en.wikipedia.org/wiki/Great_Recession

[Demsrule86]

3. Yeah well Hillary made money on the deal

Jane lost money and it was not even her own! It was pointed out to me (thanks) that I was thinking of a different right wing attack...my bad.

[DURHAM D]

7. The Clintons lost money. nt

[Demsrule86]

10. I thought this was the one where she made a great deal of money...in a short time.

so many rightwing bullshit scandals so little time! Thanks.

[TCJ70]

15. You're thinking cattle futures...

...where she made $100,000 on a $1,000 investment.

I think that took less than a year.

[bahrbearian]

9. They are more into Arms Sales

[RobertEarl]

12. And building luxury Hatian hotels

Used earthquake donation money for that luxury hotel in Haiti.

[Mnpaul]

13. I was reading about it too

They bought 33 acres of lakefront property(with buildings) from a church for 10 million. They sold 25 of those acres(no buildings) for 7.3 million. They retain the remaining 8 acres and the buildings

Now to Whitewater

They bought 200 acres(subsidized by a S+L bank), when the bank faced insolvency, Bill appointed a new commissioner(from the law firm representing the bank) to keep them from being shut down. Hillary's law firm came up with solutions to save the bank. The Clintons cheated the IRS by claiming interest payments that they didn't make. 15 people were indicted for 40 crimes. The wife of the bank owner(who fundraised for Bill) served 18 months in prison for contempt of court and was pardoned by Bill Clinton.

Yeah, probably not a good idea to bring up land deals.