WASHINGTON, June 15, 2007
Clintons Liquidate Controversial Stocks
Hoping To Avoid Conflict Of Interest, Blind Trust With Investments In Oil, Drug Companies Sold
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Photo
Sen. Hillary Clinton, left, and her husband, former President Bill Clinton liquidated a blind trust valued at $5 million to $25 million in April. (AP)
"As a presidential candidate, Senator Clinton was required to make her assets public. As a result, she had to dissolve her blind trust," Howard Wolfson, a senior Clinton adviser, said late Thursday. "Upon its dissolution, she and the president chose to go above and beyond what was required of them and liquidate their assets in order to avoid even the hint of a conflict of interest."
Those investments included several pharmaceutical companies, including Abbott Labs, Amgen, Genentech, Novartis, Pfizer and Wyeth, with assets in each company ranging from $100,001 to $250,000, The New York Times reported in Friday editions. Other assets included BP Amoco, Chevron Corp., Exxon Mobil Corp., Raytheon and Wal-Mart Stores Inc.
The Clintons sold the stock in April as they prepared to disclose their holdings under government ethics rules for presidential candidates, the Times said, adding that until getting ready to release the holdings in the blind trust, the Clintons did not know what stocks and other financial assets it contained.
They were to publicly disclose the assets on Friday, The Washington Post reported.
Other presidential candidates have been adjusting their financial portfolios during the 2008 campaign. Democrats Barack Obama and John Edwards and Republicans Sam Brownback and Rudy Giuliani have taken steps to divest their personal finances of Sudan-related holdings out of concern for the genocide taking place in the Darfur region of Sudan.
Filings made public by the Federal Elections Commission Thursday showed that former President Clinton upped his speechmaking money from the previous year, garnering some $10.2 million in payments, compared with about $7.5 million the year before.
The Clintons had a much more pedestrian income when he ran for president in 1992. If Sen. Clinton's 2008 presidential bid is successful, they will enter the White House a very rich couple.
Six years out of power, Bill Clinton can still raise huge sums with a personal appearance. He made a staggering $450,000 for a single September speech in London, at a Fortune Forum event, as well as $200,000 for an April appearance in the Bahamas to speak to IBM, and another $200,000 for a New York speech to General Motors.
The former president's earnings must be reported as the spouse of a senator. Disclosure rules do not require him to reveal everything. He received an advance from Random House for an unpublished manuscript, but is only required to say that it was greater than $1,000.
He also did not have to say how much he earns as a partner with Yucaipa Global Opportunities Fund, a Los Angeles-based investment firm.
© MMVII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.
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See all 52 CommentsThis is NOT like Cheney because unlike him, they are actually divesting. Cheney still holds stock in Haliburton. It's just kept in some sort of trust that he can get back after he's out of office.
He'll make huge profit off of this illegal war that he urged to start and NOT be held accountable.
Democrats don't worship politicains. It's the Republicans who have to name everything after Reagan.
Republicans are like cats. If they do something wrong they turn around and look at you like you did it.
I like dogs that eat cats.
THEIR ARE OVER 5 MILLION OF THEM IN FLORIDA ALONE THIS GOVERNEMNT KNOWS THAT THERE IS ALMOST 30 TO 40 MILLION OF THEM.
AND ONCE THE BILL IS SIGN THERE GOES AMERICA AND THERE GOES SSN FOR ALL AMERICANS.
SO LETS GET TO THE CLINTONS I THINK THEY SHOULD GO BACK 5 YEARS PRIOR TO 2001 AND SEE WHAT IT WAS WORTH THEN..AND ANY GAINS FROM THIS ILLEIGAL WAR SHOULD BE GIVEN TO THE TROOPS FUND TO HELP THEM..THATS THE BIG QUESTION..HOW MANY MILLIONS HAVE BEEN MADE BECAUSE OF THIS ILLEIGAL OCCUPATION HOW MUCH MONEY HAVE THEY MADE ON THE BLOOD OF OUR TROOPS.
SHE SHOULD BE AND ANYONE ELSE THAT HAS MADE THERE MILLIONS ON THE MURDERS OF OUR TROOPS AND ALL THE 50000 OF THEM MAINED.
"As a presidential candidate, Senator Clinton was required to make her assets public. As a result, she had to dissolve her blind trust,"
Those investments included several pharmaceutical companies, including Abbott Labs, Amgen, Genentech, Novartis, Pfizer and Wyeth, with assets in each company ranging from $100,001 to $250,000, The New York Times reported in Friday editions. Other assets included BP Amoco, Chevron Corp., Exxon Mobil Corp., Raytheon and Wal-Mart Stores Inc.
Other presidential candidates have been adjusting their financial portfolios during the 2008 campaign. Democrats Barack Obama and John Edwards and Republicans Sam Brownback and Rudy Giuliani have taken steps to divest their personal finances of Sudan-related holdings out of concern for the genocide taking place in the Darfur region of Sudan.
SO LETS JUST LET ALL SEN/REP/BUSH/AND ALL IN THE GOVERNEMNT MAKE MILLIONS ON OUR MURDER TROOPS I THINK SOMEONE SHOULD FIND OUT HOW MUCH MONEY THEY ALL HAVE MADE BECAUSE OF THIS ILLEIGAL WAR.
THAT SHOULD BE MADE PUPLIC TO ALL TO SEE THE SCUM
-Posted by uradufuss at 10:36 AM : Jun 15, 2007
So, you're sick of freedom of speech, in other words.
"This is NOT like Cheney because unlike him, they are actually divesting. Cheney still holds stock in Haliburton."
-Posted by fairandbal at 10:06 AM : Jun 15, 2007
If I remember correctly, Bill Clinton awarded all kinds of contracts to Halliburton while in office. In one case, another company actually outbid Halliburton and won a contract (in 1997). Clinton overrode the bid and awarded the contract to Halliburton anyway. But somehow Cheney's the suspicious one here?
It's good to hear someone say, " I'm an American". Many individuals in this country align with their country of origin, never assimilating and becoming real Americans. However, polarization is impossible to avoid when you have 20-30 million illegals in the country, refusing to speak English, sucking the life out of the American economy, ignoring our laws, disrupting the healthcare delivery system, and then, like the Mexicans, protesting for rights they don't deserve while waving flags from another country.
I met a Jew who was born in Russia. I asked him, " So you're Russian?" "No", he said. I'm Jewish". "What are you doing in the US?" I asked him. "I used to live in Israel. I met my wife there so we moved to the US for a better life." "So now you're an American?" I asked. "No," he said, " I'm Jewish".
At least he spoke English, but I couldn't believe what I was hearing. I'm afraid that is what most immigrants feel about being here. They"re only "visiting" until they are ready to go "home".
In Mexico we've heard for years how poor the people have it. This was our systems way of making us feel good. Most of us didn't have much exposure and knowledge of the ultra rich in Mexico. The big oil execs have wondered how the SOB Sadam could have a palace and they couldn't. So have many of the other elite. It's coming our way, it's just a matter of time.
The only problem will be who and what entity will provide taxes into the US Treasury .......and who will hire the 10's of millions of Americans that "big business" employs now...??
As far a energy, when the Dems kick out the "big oil" how will Americans get around ??
The enemy in this country is our Corrupt Liberal MSM Wolfpack press and the rich liberals that staff these "political organizations". They are dividing this country with lies, distortions, and sterotypes.....NOT America's businesses ...........really sad.
The real headline should be: Clintons profit greatly from Oil and pharmaceutical stocks.
The story mentions "blind trust" very prominently at the beginning to give the impression that they were "blind" or unaware that they held these stocks.
It is also interesting that they chose to sell the stocks when the market is at record highs - to maximize oil profits!!!
P.S. It is not a coincidence that this story was carefully released on a Friday instead of a Monday.
Posted by realpatriot1 at 10:22 AM : Jun 15, 2007
Yeah, whatever.
Posted by Furman2008 at 11:33 AM : Jun 15, 2007
Ha,Ha, ha, ha, ha, ha, ha, ha...stop, my stomach is hurtin': ha, ha, ha, ha!!!!
Republicans are like cats. If they do something wrong they turn around and look at you like you did it.
I like dogs that eat cats.
Posted by tejasdemo at 10:28 AM : Jun 15, 2007
Absolutely. The discovered something that could be a problem in their blind trust, so they fixed it. I know the concept of fixing something that's wrong is foreign to republicans, but that's because they've forgotten that that's how it supposed to be done.
Posted by phineasgage1 at 11:30 AM : Jun 15, 2007
Do you know what a blind trust is? It is their money but an outside person or persons decide where and when the money is invested. The Clintons would have no idea what they held until they liquidated it. Your trying to read something into nothing. W has these same trust set up, so are you going to blast him also?
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003548043
hillary lies
http://hillaryspot.nationalreview.com/post/?q=MTE3OTBlZWUxMTI0NjVjZDhkNTExYTc3NWJiZTE4ODI=
Hillary drops her maiden name
http://www.brisbanetimes.com.au/news/world/hillary-drops-her-maiden-name/2007/04/30/1177788007743.html
Watergate reporter demolishes Hillary%u2019s career story
reveal a number of %u201Cdiscrepancies%u201D in her official story.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article1719879.ece
Opponents hammer Clinton on Iraq%u2026 dance billary dance hahaha
http://www.cnn.com/POLITICS/blogs/politicalticker/2007/05/opponents-hammer-clinton-on-iraq.html
hahahaha people paying to listen to an admitted, proven, convicted, impeached, disbarred liar%u2026lol
For Clinton, New Wealth In Speeches
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/22/AR2007022202189.html
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/21/AR2007022100993_pf.html
http://www.msnbc.msn.com/id/17263999/
This is a pure political move......just so they can't be accused of being a hypocrits!!!!
Don't forget Mr. Clinton getting paid for lobbying for the failed ports deal!!!!!!
These people are dirty dealers for the word GO!
Posted by skyhawk761
I think you%u2019re going way over their heads here skyhawk761, remember you%u2019re talking to Bush voters.
Posted by skyhawk761 at 12:21 PM : Jun 15, 2007
Sure. If "W" was running around shooting his moouth off about "BIG OIL" and "PROFITEERING"....but he isn't. Only Hitlery is.
Are you really dumb enough to believe that they just turned over hundreds of thousands of dollars to an investor with NO IDEA where the money was going to???? Please.
Posted by infidel_us
You actually have a point there infidel_us.
The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy.
Congratulations on making a point.
Enjoy your Kool-Aid!
Would that be the fact flavored Kool-Aid?
how much money???????????????????
million and millions. but they didn't know right go ahead and say it again bill and misery i never had *** oh i mean never made money on our troops
Sounds to me like they knew what was in it. They probably made a fortune by bad mouthing "Big Oil" and selling short. There ought to be an investigation. I guarantee, if they were republicans, there would be.
Two faced crooked democrats.
I also find it interesting that Hilary wants to tax and punish big oil, but doesn't mind investing in and benefiting from their profits.
Typical democrat, do what I say, not what I do. Sounds like Al Gore.
"The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy."
Wanna bring some facts to the table to back up your claims, a$$wipe?
Lousy, eaten-up inside hypocrite! The Liberals accept money from all the BIG companies all the time, but then have to 'hide' it in 'blind' trusts so they can con votes out of 'the little, downtrodden, poverty-stricked' lower class they claim to support. The same lower class that will lower the boom on Billary for their two-faced lies and deceipt.
And if Billary, for all her vaunted prowess as a presidential candidate, couldn't see her own husband *** other women under her own nose IN THEIR OWN HOUSE, and hadn't a clue, even though she knows the law, as to what was in a trust fund SHE registered under HER name, WHY THE FRIGGIN HELL DO YOU WANT HER AS PRESIDENT THEN? SHE IS A CLUE-LESS, BLIND, UGLY, SMELLY, RIDING-ON-HER-HUSBANDS-SPERM-COVERED-COAT-TAILS LOSER!
"The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy."
Wanna bring some facts to the table to back up your claims, a$$wipe?
Lousy, eaten-up inside hypocrite! The Liberals accept money from all the BIG companies all the time, but then have to 'hide' it in 'blind' trusts so they can con votes out of 'the little, downtrodden, poverty-stricked' lower class they claim to support. The same lower class that will lower the boom on Billary for their two-faced lies and deceipt.
And if Billary, for all her vaunted prowess as a presidential candidate, couldn't see her own husband *** other women under her own nose IN THEIR OWN HOUSE, and hadn't a clue, even though she knows the law, as to what was in a trust fund SHE registered under HER name, WHY THE FRIGGIN HELL DO YOU WANT HER AS PRESIDENT THEN? SHE IS A CLUE-LESS, BLIND, UGLY, SMELLY, RIDING-ON-HER-HUSBANDS-SPERM-COVERED-COAT-TAILS LOSER!
"The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy."
Wanna bring some facts to the table to back up your claims, a$$wipe?
Lousy, eaten-up inside hypocrite! The Liberals accept money from all the BIG companies all the time, but then have to 'hide' it in 'blind' trusts so they can con votes out of 'the little, downtrodden, poverty-stricked' lower class they claim to support. The same lower class that will lower the boom on Billary for their two-faced lies and deceipt.
And if Billary, for all her vaunted prowess as a presidential candidate, couldn't see her own husband *** other women under her own nose IN THEIR OWN HOUSE, and hadn't a clue, even though she knows the law, as to what was in a trust fund SHE registered under HER name, WHY THE FRIGGIN HELL DO YOU WANT HER AS PRESIDENT THEN? SHE IS A CLUE-LESS, BLIND, UGLY, SMELLY, RIDING-ON-HER-HUSBANDS-SPERM-COVERED-COAT-TAILS LOSER!
"The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy."
Wanna bring some facts to the table to back up your claims, a$$wipe?
Lousy, eaten-up inside hypocrite! The Liberals accept money from all the BIG companies all the time, but then have to 'hide' it in 'blind' trusts so they can con votes out of 'the little, downtrodden, poverty-stricked' lower class they claim to support. The same lower class that will lower the boom on Billary for their two-faced lies and deceipt.
And if Billary, for all her vaunted prowess as a presidential candidate, couldn't see her own husband *** other women under her own nose IN THEIR OWN HOUSE, and hadn't a clue, even though she knows the law, as to what was in a trust fund SHE registered under HER name, WHY THE FRIGGIN HELL DO YOU WANT HER AS PRESIDENT THEN? SHE IS A CLUE-LESS, BLIND, UGLY, SMELLY, RIDING-ON-HER-HUSBANDS-SPERM-COVERED-COAT-TAILS LOSER!
"The Republicans openly support Big Oil, Big Pharma and Big Health Insurance (and these companies openly support the Republicans), the companies that are driving the middle class into bankruptcy."
Wanna bring some facts to the table to back up your claims, a$$wipe?
Lousy, eaten-up inside hypocrite! The Liberals accept money from all the BIG companies all the time, but then have to 'hide' it in 'blind' trusts so they can con votes out of 'the little, downtrodden, poverty-stricked' lower class they claim to support. The same lower class that will lower the boom on Billary for their two-faced lies and deceipt.
And if Billary, for all her vaunted prowess as a presidential candidate, couldn't see her own husband *** other women under her own nose IN THEIR OWN HOUSE, and hadn't a clue, even though she knows the law, as to what was in a trust fund SHE registered under HER name, WHY THE FRIGGIN HELL DO YOU WANT HER AS PRESIDENT THEN? SHE IS A CLUE-LESS, BLIND, UGLY, SMELLY, RIDING-ON-HER-HUSBANDS-SPERM-COVERED-COAT-TAILS LOSER!
Typical democrat, do what I say, not what I do. Sounds like Al Gore.
Posted by setumstrt9 at 04:43 PM : Jun 15, 2007
That's true of any of them!!
To try and claim hypocrisy because there may have been some oil stocks in there that she never directed purchasing, is just off the mark.
Right wingers do not care about fairness, justice and truth, they just repeat the same distortions and misleading comments to try to ruin an opponent's image.
sjc, I think that the right are just learning from what the left have done for 100 years and learnt that it works so they should put aside trying to do it morally and copy the lefts example...
I used to be a swinging voter but became disgusted with the lies and hypocrisy of the left..the left will make a statement about the right which they know isn't true simply because they know that when it is proved to be incorrect that some if it will stick in the minds of the people.. Where I am from the left is in government and they have even made it legal for them to be able to lie in parliament..hmmm
The left will tell everyone that the right is only there for the business and that the right doesnt care about the people, and that the left is the only one who cares about the people.. Well tell me Mr. left how do the people keep working when the left has destroyed the business????. So the right knows that if they keep business operational then the people will have work, isn't that caring about the people????, but if you destroy business as the left do then where are the poor people going to get jobs from eh????
And Oh, we have just had the same thing happen here, where the oppositions wife had a business in something which compromised her husbands position... hmmm
You have to be joking, the genocide in Sudan has been going on for many years. The Sudanese people have been crying out for help for years and no one took any notice up until now when the elections are on the way, hmmmm
60 minutes documented it in 2005 where they said that there are at least 180,000 dead and more than 2 million on the run, and this had been going on since at least 2003, and these people above are only just doing something about their their personal finances of Sudan-related holdings, just before an election, come on hmmm.
And guess what, Just about everybody in Sudan is Muslim and who are they killing, the Christians and non muslims, just another Muslim country killing the people...
Twenty years of systematic persecution and killing of non-Muslim Blacks:
Forced conversion to Islam: Non-Muslim children are often forcibly placed in madrassas (Islamic schools). Slavery: The Arabian slave trade of non-Muslim blacks in Sudan is centuries old; today's slave raids into Christian regions serve the purpose of supplying cheap labor to the north, terrorizing the local population and waging jihad on the infidels. Often adult men are slaughtered, while women and children (both boys and girls) are abducted, sometimes gang raped, and taken north to be used as concubines and laborers. and Democrats Barack Obama and John Edwards and Republicans Sam Brownback and Rudy Giuliani are only just doing something about their interestes in sudan, has to be because of the elections, NOT because of their concerns for the people???? hmmmm..
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