How do you feel about Hillary Clinton's Cayman Island hideaway?

[awaysidetraveler]

In 2004 Hillary said that she wanted to "close the loopholes... for people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and claim that it is their offshore headquarters.''

http://www.bloomberg.com/apps/news?pid=20601070&sid=aiQEVoQ5nt5E&refer=home

Turns out, she was talking about closing the loopholes on herself.

It's kind of hard for me to trust a candidate that refuses to disclose financial information about her own offshore assets.

How about you? Is that alright with you?

[iconoclastic cat]

1. I'm sorry, but I cannot divulge information about that customer's secret, illegal account. nt

[awaysidetraveler]

5. You don't have to, that's what Bloomberg's reporting is for.

[iconoclastic cat]

13. Oh, crap -- I shouldn't have said she was a customer! nt

[Sparkle]

2. They can send me!

I'd be happy to take that job.

[awaysidetraveler]

8. Yeah man, doesn't sound bad does it? You hang out in a beach house and lie about Clintion's millions

[MNDemNY]

3. Until they close the loopholes, it's OK. Should they close the loopholes? YES

Should Hillary, or anyone else be chided for using them as they exist now? NO

[awaysidetraveler]

22. Hillary's also the one doing the chiding. Does that strike you as hypocritical?

Here's another link.

http://online.wsj.com/public/article/SB120097424021905843.html?mod=blog

[MNDemNY]

23. Absolutely!

Very much so.

[butterfly77]

4. I don't care ...

[awaysidetraveler]

9. Yeah sure, why care? After all, it's only 53 million or so that they're not paying taxes on.

And we can take up the slack, no problem.

[rinsd]

11. Got proof for that claim?

Since your first one bit the dust

[ronnykmarshall]

16. Well you stay up and worry about for all of us, then.

I'll send coffee.

[Jack Bone]

6. It's sooo nice to know that Hillary's already been "vetted"...LOL!

[MethuenProgressive]

7. How much did Bloomberg raise for Obama at the exclusive NYC fundraiser?

Were planted stories included in the deal?

[awaysidetraveler]

15. Yucaipa is the kind of plant you must be talking about, one special to Hill-Bill.

[rinsd]

10. I love outright distortions by omitting key info in articles.

"It's kind of hard for me to trust a candidate that refuses to disclose financial information about her own offshore assets."

Carson, in an e-mail, said the funds are designed for foreign investors. ``All three of these entities (which are related) are organized in the Cayman Islands so that each investor or partner pays the taxes they would owe in their home country,'' he said. ``For U.S. citizens like Bill Clinton, that means he pays U.S. taxes on his income from this fund, which he does.''

Disclosures

The disclosures that Hillary Clinton, 60, is required to make as a lawmaker and candidate show that her husband has holdings in three Burkle-controlled funds -- YGOF GP Ltd., Yucaipa Global Holdings and Yucaipa Global Partnership Fund LP -- all listed at Yucaipa's Los Angeles address. An October filing with the SEC by Burkle, Yucaipa's lead partner, names YGOF as a Cayman Islands corporation and the latter two as Cayman Islands partnerships.

<snip>

ifficult to Assess

The realized value of Clinton's holdings in Yucaipa hasn't been disclosed and such stakes are typically difficult to assess until they are disbursed. Funds such as Yucaipa are privately held and aren't normally required to disclose details to regulators.

Hillary Clinton's Senate financial-disclosure records only say that Bill Clinton's Yucaipa assets were valued at less than $2,002 in 2006, while he received between $1,202 and $3,500 in interest that year. In the 18 months between January 2006 and June 2007, the value of the assets grew to between $1,001 and $15,000, and Bill Clinton received between $6,002 and $17,500 in interest, according to financial records filed in connection with the senator's presidential candidacy.

Bill Clinton has also received ``over $1,000'' a year in ``guaranteed payments to partner'' from Yucaipa Global Holdings and a predecessor fund. The government forms don't require lawmakers to specify an exact amount for spouses.

[awaysidetraveler]

17. The reason that the interest rates are over the disclosed amounts is because of non-disclosure.

Also, why don't we know how many millions exactly it is that they've got overseas.

[Dogmudgeon]

12. Let's see ...

1. It came out because she disclosed it.

2. It's her husband's investment.

3. It's produced about $15k plus $1000 a year of income. (And I didn't see anything about it being a hideaway).

4. Bill pays American taxes on the income.

5. John Edwards also seems to have a similar Cayman Island interest. Not that there's anything wrong with it.

6. It's a pretty blatantly right wing anti-Clinton hit piece.

7. It's not run by, or supportive of, a slumlord.

8. Someone is getting desperate, will do anything to win, and ISN'T a Clinton.

The investment doesn't sound too bad to me. A little high risk for my own taste, though.

--p!

[awaysidetraveler]

19. That's not what the article says. Having fun in your little hill-bill booth?

[awaysidetraveler]

21. Sounds to me like Yucaipa is worth at least 20 million--wait, that's not 15 thousand, is it? Humm.

http://online.wsj.com/public/article/SB120097424021905843.html?mod=blog

[Dogmudgeon]

24. That's a pay-out

He's basically being bought out of his investment.

So, how's that slumlord business of Tony Rezko's going?

--p!

[ronnykmarshall]

14. Is it pretty?

Nice beach, water and stuff?

[CorpGovActivist]

18. KNPnta for Kilroy

Must've been http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=4176144&mesg_id=4176144">Kilroy who leaked that to Bloomberg. Like the Family Circus "Not Me" Ghost, only savvier with SEC filings.

- Dave

[NYCGirl]

20. More about Clinton and Burkle:

Bill Clinton will get $20 million when he divorces Los Angeles supermarket magnate and (alleged) Radar owner Ron Burkle, his business partner of six years, The Wall Street Journal told us this morning. The reason for the split, it seems, is that Burkle's Yupaica company, for which Clinton was an adviser, can't seem to stay away from people who could harm Hillary Clinton's presidential campaign. For example? Italian developer Raffaello Follieri and Sheikh Mohammed bin Rashid al-Maktoum, the ruler of Dubai and one of the owners behind Xinhua Finance Media Ltd., a Beijing–based news company with close ties to the Communist government of China, which just gave Yucaipa a little cash infusion. Basically, Burkle loves sketchy investments like Eric Benet loved sex with groupies, and at this point in the election and his life, Clinton can't take the drama. "I love you, but I need to take care of myself," we imagine him saying to Burkle. "No more drama in my life." Despite Burkle's transgressions, the breakup appears to be amicable: A Clinton spokesperson speaks to the Journal not of a SPLIT!!! but "an appropriate transition" out of their business relationship, and Burkle remains a finance chair on Hillary's campaign. Clinton, after all, understands promiscuity.

http://nymag.com/daily/intel/2008/01/bill_clinton_and_ron_burkle_ha.html