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WillyT

(72,631 posts)
Tue Feb 10, 2015, 02:27 PM Feb 2015

Clinton Foundation Received Up To $81m From Clients Of Controversial HSBC Bank - Guardian

Clinton foundation received up to $81m from clients of controversial HSBC bank
Paul Lewis in New York and James Ball in London - Guardian
Tuesday 10 February 2015 06.00 EST


Bill Clinton, former secretary of state Hillary Clinton and Chelsea Clinton speak during a student conference for the Clinton Global Initiative University in March 2014. Photograph: Matt York/AP

<snip>

The charitable foundation run by Hillary Clinton and her family has received as much as $81m from wealthy international donors who were clients of HSBC’s controversial Swiss bank. Leaked files from HSBC’s Swiss banking division reveal the identities of seven donors to the Bill, Hillary and Chelsea Clinton Foundation with accounts in Geneva.

They include Frank Giustra, a Canadian mining magnate and one of the foundation’s biggest financial backers, and Richard Caring, the British retail magnate who, the bank’s internal records show, used his tax-free Geneva account to transfer $1m into the New York-based foundation.

Hillary Clinton has expressed concern over growing economic inequality in the US and is expected to make the issue a cornerstone of her widely anticipated presidential campaign in 2016. However, political observers are increasingly asking whether the former secretary of state’s focus on wealth inequality sits uncomfortably with the close relationships she and her husband have nurtured with some of the world’s richest individuals.

Giustra’s Swiss HSBC account, created in 2002, contained up to $10m in the 2006-2007 period. Lawyers for the mining magnate said that he held the account for investment purposes, and that it was in compliance with Canadian laws that required disclosure of foreign assets.

Caring was legitimately permitted to keep his assets offshore by a hereditary quirk of UK tax law, under which he is registered as “non-domiciled”, courtesy of his Italian-American father. The HSBC records suggest Caring’s $1m donation was paid in return for former president Bill Clinton’s attendance at a lavish costume charity ball organised by Caring in St Petersburg, Russia.

Another Clinton foundation donor who had a HSBC account in the tax haven is Jeffrey Epstein, the hedge fund manager and convicted sex offender who once flew the former president on his private jet for charity events in Africa. The identities of Clinton supporters who banked with HSBC in Geneva are contained in internal bank data leaked by a HSBC computer expert turned whistleblower, Hervé Falciani.

The leaked files have now been obtained through an international collaboration of news outlets, including the Guardian, the French daily Le Monde, CBS’s 60 Minutes and the Washington-based International Consortium of Investigative Journalists.

<snip>

More: http://www.theguardian.com/us-news/2015/feb/10/hillary-clinton-foundation-donors-hsbc-swiss-bank





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Clinton Foundation Received Up To $81m From Clients Of Controversial HSBC Bank - Guardian (Original Post) WillyT Feb 2015 OP
I wonder what the quo was that earned them the quid. nt Erich Bloodaxe BSN Feb 2015 #1
The corporate quid is in anticipation of future political quo. Divernan Feb 2015 #2
+1,000 Scuba Feb 2015 #23
Meanwhile on the Skid Rows and in the public schools, the parks, the city halls, the JDPriestly Feb 2015 #79
A. Freaking. Men. closeupready Feb 2015 #89
Or, as Sir Humphrey Appleby said on 'Yes, Minister'... FiveGoodMen Feb 2015 #102
, blkmusclmachine Feb 2015 #3
Well, well. HappyMe Feb 2015 #4
Climate Initiative, poverty and AIDS in Africa, disaster relief. Ewwwww! wyldwolf Feb 2015 #5
Godamn those do-gooders!!! And the Gates people, with their damn free vaccines!!! nt msanthrope Feb 2015 #6
Thumbs up DemocratSinceBirth Feb 2015 #7
Looks like we get to guess your point. Since the graft is used for a good cause it's acceptable. rhett o rick Feb 2015 #9
two points: wyldwolf Feb 2015 #10
I hope you don't believe that the $81 million won't influence any of HRC's decisions. rhett o rick Feb 2015 #15
When I have those momentary flashes of pyschic ability wyldwolf Feb 2015 #16
Maybe Sherrod Brown could explain it to you. n/t countryjake Feb 2015 #88
It's strange how the standards change HappyMe Feb 2015 #12
The Turdway and it's tools are here to represent! Phlem Feb 2015 #105
Our local Mafia don give free food to poor families at Christmas nichomachus Feb 2015 #24
Incredibly poor comparison wyldwolf Feb 2015 #33
That money, in part, forces the Haitian people to live on their knees. Luminous Animal Feb 2015 #90
Bill Clinton's shameful Haitian legacy as he facilitates U.S. business expansion Divernan Feb 2015 #108
Thank you, so much for your post. Luminous Animal Feb 2015 #109
Clintons pushed the most wasteful of US funded Haiti projects. Divernan Feb 2015 #110
some folks here see the name Clinton and go crazy without any idea what the still_one Feb 2015 #28
Epstein is by far the biggest fly in the Clinton Foundation's 'charitable' ointment. nt 99th_Monkey Feb 2015 #53
Whether its Legal or Not...Some snips of why this just doesn't look good for her campaign KoKo Feb 2015 #98
The Guardian is not a neutral publication. still_one Feb 2015 #100
They didn't make this up...its from the Released Documents... KoKo Feb 2015 #104
The willful choice to ignore whatever doesn't fit their views is endemic on this site. Beacool Feb 2015 #69
Yeppers, craftin' that Populist Message (TM) for 2016! hatrack Feb 2015 #8
Let's try this message out to see if it's "Populisty" enough, "HSBC loves HRC, so what about you?" rhett o rick Feb 2015 #11
Or this one wyldwolf Feb 2015 #13
I can only speak for myself. I want to stop the rampant graft and corruption in Wash DC. nm rhett o rick Feb 2015 #17
"I can only speak for myself." Exactly wyldwolf Feb 2015 #18
Some folks are so comfortably ensconced they couldn't care less about preventing diseases and such. DemocratSinceBirth Feb 2015 #22
Cause you know ALL that money goes to the needy and diseased. Phlem Feb 2015 #35
Can you prove otherwise? wyldwolf Feb 2015 #39
Can you prove it does 100% Phlem Feb 2015 #49
I'm not making the claim. Oops! Seems the burden of proof is on you. wyldwolf Feb 2015 #50
your also not answering the question. Phlem Feb 2015 #52
Actually the question was posted in #39 by me. You're dodging the questions and diverting wyldwolf Feb 2015 #56
I prefer to not talk to lying assholes. Phlem Feb 2015 #62
ok. I'll assume you'll continue speaking to me then. wyldwolf Feb 2015 #65
So as long as the outcome is good, the method is good nichomachus Feb 2015 #25
Not such a good way to think about it. HappyMe Feb 2015 #27
The point is using this as a line of political attack is pointless wyldwolf Feb 2015 #29
Right cause you've NEVER done anything like that. Phlem Feb 2015 #34
Example? wyldwolf Feb 2015 #37
Sure here you go. Phlem Feb 2015 #40
You made two accusations. Your link doesn't prove either. wyldwolf Feb 2015 #43
of course it doesn't Phlem Feb 2015 #45
Then why did you offer it us as 'proof?' wyldwolf Feb 2015 #47
The why did you offer it us as 'proof?' Phlem Feb 2015 #51
You're avoiding another question wyldwolf Feb 2015 #58
And Charity Begins at Home, right? appalachiablue Feb 2015 #94
Sigh. And all the time I thought they loved UBS. Octafish Feb 2015 #14
The have enough love to embrace all the banksters n/t nichomachus Feb 2015 #26
You bet they love UBS, BFFs of the Clintons, Treasury, Fannie Mae & Wall Street since the 90s. appalachiablue Feb 2015 #95
I think the democrats are trying to throw the election betterdemsonly Feb 2015 #19
How is this a scandal? still_one Feb 2015 #30
What scandal? Beacool Feb 2015 #68
Not even surprised. mylye2222 Feb 2015 #20
;) WillyT Feb 2015 #21
Glad you stayed. n/t benz380 Feb 2015 #31
Gotta love the faithful Ostriches in this thread. Phlem Feb 2015 #32
Hmm..maybe a bit like HappyMe Feb 2015 #54
The Clinton foundation. Phlem Feb 2015 #57
Years ago I had a job HappyMe Feb 2015 #61
I hear ya bud. Phlem Feb 2015 #71
That's right, Charity Begins at Home. Though somehow I don't think the USA is in appalachiablue Feb 2015 #93
More: HSBC could yet be prosecuted over tax-dodging scheme, warns Loretta Lynch/Guardian Tierra_y_Libertad Feb 2015 #36
Not surprising, not at all. n/t Jefferson23 Feb 2015 #38
K&R n/t bobthedrummer Feb 2015 #41
Hillary reminds me of Jane Harmon olddots Feb 2015 #42
For years, the foundation ran in the red with lavish spending. AtomicKitten Feb 2015 #44
when is tax-avoidance acceptable? quadrature Feb 2015 #46
you're not supposed to say that. Phlem Feb 2015 #70
Surprise! Surprise! Demeter Feb 2015 #48
This woman does not have a chance in a national election. Marr Feb 2015 #55
I bet you it will the ignorant public's fault for not voting for her according to some here Phlem Feb 2015 #64
If the past is any indication, yep. Marr Feb 2015 #78
You may be correct, unfortunately. It's a real mess. appalachiablue Feb 2015 #96
I'm not thrilled about Secretary Clinton, but in all fairness, how is this her scandal? ColesCountyDem Feb 2015 #59
It isn't. Some just want it to be. wyldwolf Feb 2015 #66
She's not my first choice, but drive-by smears like this article are deplorable! ColesCountyDem Feb 2015 #77
Have you any knowledge of the third way? Phlem Feb 2015 #80
No, I was completely brain-dead, until yesterday. ColesCountyDem Feb 2015 #81
Ah I see. Phlem Feb 2015 #83
Did you bother to read all of my posts? ColesCountyDem Feb 2015 #87
yes I did. Sorry. Phlem Feb 2015 #92
Thank you! ColesCountyDem Feb 2015 #97
Could also apply to the Third Way. Phlem Feb 2015 #60
. stonecutter357 Feb 2015 #63
Blah, blah, blah, here's the daily "let's bash the Clintons" post. Beacool Feb 2015 #67
Believe What You Must... But There's A Whole Lot More Coming... WillyT Feb 2015 #82
The ones calling Hillary "inevitable" are her opponents. Beacool Feb 2015 #99
"Donors who were clients of HSBC’s Swiss bank donated $81M to the Clinton Foundation, so?" rhett o rick Feb 2015 #91
As long as Hillary wins the primary madville Feb 2015 #72
Isn't it amazing that people refuse to acknowledge that and even double down against it. Phlem Feb 2015 #74
Yep. Phlem Feb 2015 #73
and the TPP will be a unicorn skipping on a rainbow shitting skittles. Phlem Feb 2015 #75
FDR was far wealthier. joshcryer Feb 2015 #76
Seriously, she needs to go away, not take the reins. nt RiverLover Feb 2015 #84
kick for fun wyldwolf Feb 2015 #85
K&R! countryjake Feb 2015 #86
For those who have no idea what the Clinton Foundation is, maybe this will help still_one Feb 2015 #101
Of course. What else are they going to put on the landing page? Phlem Feb 2015 #106
So you are saying it is a front and a lie. You don't need proof though because it has Clinton in still_one Feb 2015 #111
No, I'm saying understand your media and how to read it. Phlem Feb 2015 #112
No fan of HRC. However this is a non-scandal "scandal" emulatorloo Feb 2015 #103
I'll never vote for obnoxiousdrunk Feb 2015 #107

Divernan

(15,480 posts)
2. The corporate quid is in anticipation of future political quo.
Tue Feb 10, 2015, 02:48 PM
Feb 2015

Yes it may have officially been claimed to be a gift/donation to a non-profit - but that is the same non-profit which foots the undisclosed salaries and perks for all three Clintons, along with their 5 star life style while traveling. The article refers to Bill's appearance at a "lavish costume charity ball" in St. Petersburg - all travel and living expenses for Bill, plus his entourage of handlers to be written off as charitable contributions.

And that $70 million of personal wealth accumulated by the Clintons since they left the White House? That is in reality $70 million of investments meant to be paid off with political favors.

Giustra’s Swiss HSBC account, created in 2002, contained up to $10m in the 2006-2007 period. Lawyers for the mining magnate said that he held the account for investment purposes

Get it? I-N-V-E-S-T-M-E-N-T, with every reasonable expectation of a very favorable return on each dollar.

A bunch of slick grifters, the lot of them.

JDPriestly

(57,936 posts)
79. Meanwhile on the Skid Rows and in the public schools, the parks, the city halls, the
Tue Feb 10, 2015, 08:24 PM
Feb 2015

swimming pools, the highways, the public transportation systems, the nursing homes and hospitals, etc. of America, belts are tightening, children are hungry and crowded and wages stagnate.

It's one thing to talk the talk and another to walk the walk, Mr. and Mrs. Clinton.

NAFTA has not helped ordinary Americans.

Walmart has crushed a lot of small businesses.

The repeal of Glass-Steagall was irresponsible.

The "reform" of welfare laws has left a financial hole in the budgets of many of the poor.

And that is not the half of it.

FiveGoodMen

(20,018 posts)
102. Or, as Sir Humphrey Appleby said on 'Yes, Minister'...
Wed Feb 11, 2015, 01:58 PM
Feb 2015

"Gratitude is merely the lively anticipation of favors yet to come."

 

rhett o rick

(55,981 posts)
9. Looks like we get to guess your point. Since the graft is used for a good cause it's acceptable.
Tue Feb 10, 2015, 03:25 PM
Feb 2015

But I hope you agree that the expectations from the bank for this generous "donation" (read investment) might not be in the interest of the 99%.

wyldwolf

(43,870 posts)
10. two points:
Tue Feb 10, 2015, 03:28 PM
Feb 2015

1. Graft: the unscrupulous use of a politician's authority for personal gain.

This was graft how?

2. Yeah, let's just undo all that good stuff and give the money back.

Good luck with your line of attack here. I doubt even Bernie Sanders and Elizabeth Warren would sign on to it.

 

rhett o rick

(55,981 posts)
15. I hope you don't believe that the $81 million won't influence any of HRC's decisions.
Tue Feb 10, 2015, 03:46 PM
Feb 2015

I hope you don't believe that this bank, well known for it's criminal activities is giving away $81 million dollars out of the goodness of their black hearts. It's an investment and I bet we can guess where the return will come from.

Phlem

(6,323 posts)
105. The Turdway and it's tools are here to represent!
Wed Feb 11, 2015, 02:37 PM
Feb 2015

There are anti progressives in DU. For Example:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=6121016

#100: me: Repeating an idea, ideology, bullshit that's all dressed up with no where to go? That's classic Republican tactic or did you not know that?

Wyldwolf: Sounds like the typical progressive mentality.

#102: me: "Sounds like the typical progressive mentality." I knew you were anti progressive. Thanks for the confirmation.

And we are done.

#104: Wyldwolf: I'm glad you agree.


They are out to promote the Third Way and it's middle class killing policies and tear down any challengers.

Yes the conservative block that lost the midterms for us want to do it again during the presidential elections.

wyldwolf

(43,870 posts)
33. Incredibly poor comparison
Tue Feb 10, 2015, 04:39 PM
Feb 2015

The Clinton didn't extort, steal or murder for the money that saved millions of lives.

Like I said down thread, this is a very foolish line of attack.

Divernan

(15,480 posts)
108. Bill Clinton's shameful Haitian legacy as he facilitates U.S. business expansion
Wed Feb 11, 2015, 03:19 PM
Feb 2015
American companies and NGOs continue to receive the lion's share of US aid funding for projects in Haiti four years after the earthquake that levelled the capital Port-au-Prince, despite US government promises to spend more money through local organisations.
The picture at this link says it all - 5 Haitian women working, while Clinton and a bunch of aid workers are standing around.
http://www.theguardian.com/global-development/datablog/2014/jan/10/haiti-earthquake-us-aid-funding-data

Instead of Bill Clinton’s apology for destroying centuries of rural subsistence livelihood in Haiti with dumped Arkansas rice, as well as dumping US infertile seeds that depleted the land being made meaningful with new shelter and housing and reparations in the form of real investment in sustainable agriculture, the Clintons – one leading USAID, one leading the UN mission in Haiti – are building for profit hotels in Port au Prince and in the North of Haiti.

But worst, over 300 farmers’ family-plots in the Northeast of Haiti were converted into the industrial zone for Korean textile giant Sae-A Trading. The “Korean” factory is built on good agricultural lands taken from Haiti peasants farmers without their approval and further destroys Haiti food sovereignty. ( Video: A Brief History of Haiti that Every American Should Know.)

US citizens are the project’s biggest investor and main owners, not Haiti. The Korean cover is useful to deflect the Clinton and US oligarchs’ intentions. The US one percent, make it a practice to use subcontractors, such as the Korean conglomerate, to deflect and preempt decent US consumer complaints of human rights abuses and unfair labor practices against the giant American companies the complex will service, such as GAP, Wal-Mart, Target and other major US retailers

http://www.ezilidanto.com/zili/2012/03/haiti-red-cross-misuse-quake-monies/

Instead of replacing housing for Haitians, the Clinton Foundation "facilitated" building a luxury hotel for business investors. http://www.cnn.com/2011/11/28/world/americas/haiti-hotel-clinton/index.html

Divernan

(15,480 posts)
110. Clintons pushed the most wasteful of US funded Haiti projects.
Wed Feb 11, 2015, 04:53 PM
Feb 2015
http://www.judicialwatch.org/blog/2013/07/clintons-pushed-most-wasteful-of-u-s-funded-haiti-projects/

Clintons Pushed Most Wasteful of U.S.-Funded Haiti Projects

JULY 02, 2013

Roughly half of the $1.14 billion that the U.S. government allocated to help Haiti recover from the 2010 earthquake has gone to wasteful projects with the single largest chunk—$170.3 million—going to a failed port and power plant adventure heavily promoted by Bill Clinton and the State Department under the leadership if his beloved wife.

Can you say scandal? The former president, who has been heavily involved in distributing Haiti earthquake reconstruction funds, pushed hard for the power plant and port for an industrial park in northern Haiti billed as the centerpiece of the United States’ effort to help the ravaged island nation rebuild. As Secretary of State Hillary Clinton joined her husband in the effort, making several trips to Haiti to promote the project and encourage foreigners to invest in it.

In fact, Bill and Hillary Clinton led a star-studded delegation last year to inaugurate the industrial park, located about 100 miles from Port-au-Prince, tied to the power plant and port. Hollywood actors, a famous fashion designer and a British business magnate joined the Clintons as did high-ranking Obama administration officials such as then Labor Secretary Hilda Solis.

Hillary delivered a heart-felt speech saying “we have been united behind a single goal – making investments in this country’s people and your infrastructure that help put Haiti finally on the path to broad-based economic growth with a more vibrant private sector and less dependence on foreign assistance. And we believe that our work here in Haiti and here in the north is beginning to show results.”


Not really, according to a federal audit of the $1.14 billion that Congress approved to help Haiti recover from the powerful earthquake that killed more than 200,000 and left over 1 million homeless. The probe was requested by a Florida congresswoman who chairs the House Middle East and North Africa Subcommittee because hundreds of millions have been spent in Haiti with virtually no accountability.

The Clinton-backed power and port venture is the biggest and most expensive failure mentioned in the report. An astounding $170.3 million later, it is years behind schedule, lacks a qualified engineer and has unrealistic timeframes. As a result, planning has been hindered, the report says, and “funding will be insufficient to cover a majority of projected costs.” It will take an additional $117 to $189 million to complete it and it’s unclear whether the Haitian government will be able to find a private sector company willing to finance the remainder of the project.

That means Uncle Sam must come to the rescue or the $170.3 million already wasted on the project will be lost. Either way, U.S. taxpayers get screwed. Besides the scandalous, Clinton-backed power and port experiment, congressional investigators found mismanagement of a crucial housing plan that was supposed to accommodate up to 90,000 Haitians. USAID claims it will only be able to handle 3,200 to 15,900 people at nearly double the original cost of $59 million. That means the cost per house is nearly triple the original estimate, according to the report.

Back to the Clinton prominence in all things Haiti; the United Nations named the former commander-in-chief as a special envoy to the island and his Clinton Foundation has raised $34 million for Haiti since the catastrophic earthquake hit. Additionally, the former president has distributed $54.4 million from the Clinton Bush Haiti Fund, which was launched shortly after the earthquake. The fund closed in December after distributing the last of the money and claims that it has “helped Haitians create a better future through smart, sustainable economic development” though it acknowledges that “much work remains to be done in Haiti.”

Combined with the U.S. government money and other charities that have raised huge sums for Haiti earthquake recovery, the island has received billions to rebuild. Yet three years later, news report after news report reveals that a large number of Haitians still live in deplorable, shanty town tent cities and an ongoing epidemic of cholera has claimed thousands of lives. Makes you wonder if someone is pocketing the money.


still_one

(92,481 posts)
28. some folks here see the name Clinton and go crazy without any idea what the
Tue Feb 10, 2015, 04:36 PM
Feb 2015

Clinton foundation does

how this reflects badly on Hillary is beyond me

KoKo

(84,711 posts)
98. Whether its Legal or Not...Some snips of why this just doesn't look good for her campaign
Wed Feb 11, 2015, 01:17 PM
Feb 2015

Let's hope that the Money has indeed gone to good causes and that there is proper documentation revealed by the Clinton Foundation forthcoming that it has.

From the Guardian Article:

Minassian did not comment specifically on the foundation’s receipt of $1m from Caring in in December 2005, a donation made in return for Bill Clinton’s attendance, the previous month, at the lavish charity ball in Russia.

Caring arranged for 18th century Russian costumes, borrowed from the Hermitage Museum, to be tailor-fitted for each guest at the event at Catherine the Great’s Winter Palace. Photographs from the event in November 2005 show Bill Clinton, dressed as a Russian general, partying with other VIP guests
such as Elizabeth Hurley. Entertainment was provided by Tina Turner and Elton John.

Caring guaranteed funds were raised for the British children’s charity NSPCC and also, courtesy of his personal transfer from the HSBC account in Geneva, the Clinton foundation.

HSBC notes on Caring’s accounts contain an instruction to “transfer [$1m] to Bill Clinton’s Foundation as a contribution following his involvement in the Charity Function [Caring] organised at the end of November”.



---------snip------


Another is Epstein, the wealthy financier who was jailed for 13 months in 2008 for soliciting sex with underage girls. The HSBC files show Epstein connected to several Geneva accounts, one of which was in his own name and contained $3.5m.
He gave $25,000 to the Clinton charity in July 2006, the year after he was arrested following a complaint he sexually abused a 14-year-old teenager in Florida, according to tax disclosures from Epstein’s New York-based nonprofit, the COUQ Foundation.


---------snip-------

Another client of HSBC Geneva to donate to the Clinton foundation is Denise Rich, the ex-wife of the late billionaire and commodities trader Marc Rich, who fled to Switzerland in 1983 after being indicted by US authorities for tax evasion, fraud and racketeering. Mark Rich was was controversially granted a presidential pardon by Bill Clinton just hours before the former president left office in 2001.
Denise Rich contributed as much as $500,000 to the Clinton foundation.
Now 70, she is reported to have recently renounced her US citizenship, becoming tax-resident in Austria. She did not respond to multiple requests for comment.


http://www.theguardian.com/us-news/2015/feb/10/hillary-clinton-foundation-donors-hsbc-swiss-bank

KoKo

(84,711 posts)
104. They didn't make this up...its from the Released Documents...
Wed Feb 11, 2015, 02:31 PM
Feb 2015

Check out the full article when you have time...

Beacool

(30,253 posts)
69. The willful choice to ignore whatever doesn't fit their views is endemic on this site.
Tue Feb 10, 2015, 05:50 PM
Feb 2015

They must not know, or not care, how much pressure the Clinton Foundation exerted on pharmaceutical companies to get them to agree to lower the price of the ARVs that were needed desperately, particularly in Africa.

"At the beginning of the new millennium there was a breakthrough in treatment provision for resource poor areas when an Indian pharmaceutical company started to produce generic antiretrovirals that were exactly the same as those made by large pharmaceutical companies, but significantly cheaper. This sparked a price war between branded and generic drug makers, which forced the large pharmaceutical companies to lower the price of their HIV drugs. This competition, coupled with pressure from activists, organizations - such as the Clinton Foundation - and governments of poor countries with severe HIV epidemics, dramatically reduced the price of ARVs for developing countries. By the middle of 2001, triple combination therapy was available from Indian generic manufacturers for as little as $295 per person per year."

http://www.avert.org/antiretroviral-drug-prices.htm


"Former President Bill Clinton announced yesterday that his foundation had negotiated deep price reductions for generic versions of costly, second-line AIDS drugs needed when the original medicines fail, as well as for less toxic, easier-to-use first-line medicines combined in a pill that can be taken once a day.

Standing next to Thailand’s health minister, Mr. Clinton also forcefully endorsed recent decisions by Thailand and Brazil to break patents held by American pharmaceutical companies that are charging prices Mr. Clinton described as exorbitant, but that drug company officials said were reasonable."

http://www.nytimes.com/2007/05/09/world/09aidsdrugs.html?_r=0

"The first strategy, procurement arrangements to increase purchase volumes, often involves pooled procurement schemes that group multiple purchasers into a single purchasing unit in the hope that economies of scale will lead to lower prices. A pooled procurement mechanism is currently being developed at the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund).2,3

The second large-scale strategy involves third-party consultation and price negotiation with generic ARV suppliers, a practice introduced by the Clinton Foundation HIV/AIDS Initiative (CHAI) in 2003."

http://www.who.int/bulletin/volumes/87/7/08-058925/en/


 

rhett o rick

(55,981 posts)
11. Let's try this message out to see if it's "Populisty" enough, "HSBC loves HRC, so what about you?"
Tue Feb 10, 2015, 03:28 PM
Feb 2015

What do you think? Or "If you loved Reagan's trickle-down, you really love H. Clinton's."

wyldwolf

(43,870 posts)
13. Or this one
Tue Feb 10, 2015, 03:32 PM
Feb 2015

Hillary Clinton's philanthropic foundations saved millions from disease and disaster. Some 'progressives' would like to undo that because they don't like where the money came from. Would you turn down money if it meant saving lives?

Hillary 2016.

Phlem

(6,323 posts)
35. Cause you know ALL that money goes to the needy and diseased.
Tue Feb 10, 2015, 04:43 PM
Feb 2015

Bridge anyone? I've got several for sale.

Phlem

(6,323 posts)
49. Can you prove it does 100%
Tue Feb 10, 2015, 05:06 PM
Feb 2015

oops, see I asked you the same question you asked me. Show me the proof.

wyldwolf

(43,870 posts)
56. Actually the question was posted in #39 by me. You're dodging the questions and diverting
Tue Feb 10, 2015, 05:16 PM
Feb 2015

oops.



Next.

nichomachus

(12,754 posts)
25. So as long as the outcome is good, the method is good
Tue Feb 10, 2015, 04:30 PM
Feb 2015

That's one way of thinking about it, but it has real problems.

wyldwolf

(43,870 posts)
29. The point is using this as a line of political attack is pointless
Tue Feb 10, 2015, 04:37 PM
Feb 2015

And posting it on DU is a line of political attack, meant to sway opinion. Even if Bernie Sanders was in a tight primary race with Clinton, he probably wouldn't pull this out.

Phlem

(6,323 posts)
34. Right cause you've NEVER done anything like that.
Tue Feb 10, 2015, 04:41 PM
Feb 2015

GMAFB.

What a joke. What did you confess to me last time, that your anti progressive. It shows.

wyldwolf

(43,870 posts)
43. You made two accusations. Your link doesn't prove either.
Tue Feb 10, 2015, 04:57 PM
Feb 2015
ah we have some revealing truth now.... And we are done.

I'm glad we agree.



next?

Phlem

(6,323 posts)
45. of course it doesn't
Tue Feb 10, 2015, 05:04 PM
Feb 2015

There it is posted for all to see yet

deny, deny, deny, your modus operandi. I have these kinds of discussion with my 8 year old, I refuse to have one with an older child.

Oh I forget your ALWAYS RIGHT and NEVER do anything that you accuse other people of. Yep, your 100% believable, just like some conservatives I know or Hillary.



Next?

Phlem

(6,323 posts)
51. The why did you offer it us as 'proof?'
Tue Feb 10, 2015, 05:08 PM
Feb 2015

what?



next.

I'm sure you need to have the last word so go ahead I have more important things to do than engage a shill.

wyldwolf

(43,870 posts)
58. You're avoiding another question
Tue Feb 10, 2015, 05:18 PM
Feb 2015

Criticizing someone's spelling or grammar on the internet is the last refuge of someone who doesn't have an argument.

Next.

Octafish

(55,745 posts)
14. Sigh. And all the time I thought they loved UBS.
Tue Feb 10, 2015, 03:35 PM
Feb 2015

Since the repeal of Glass-Steagal, Buy Partisan support specializing exclusively in Wealth Management:

http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

 

betterdemsonly

(1,967 posts)
19. I think the democrats are trying to throw the election
Tue Feb 10, 2015, 03:48 PM
Feb 2015

to the other bank annointed candidate in the GOP. On the off chance Hillary gets in she will be mired in one of these scandals after another. Impeachment will be the issue for the next 10 years.

Phlem

(6,323 posts)
57. The Clinton foundation.
Tue Feb 10, 2015, 05:16 PM
Feb 2015

Whether it's a non profit or not it controls all the money it receives. Some of the most well paid CEO's work for non profits. So yea, the Clinton Foundation is going to cure hunger in America.....wait.

HappyMe

(20,277 posts)
61. Years ago I had a job
Tue Feb 10, 2015, 05:22 PM
Feb 2015

where you could donate any amount to the United Way, and that amount was taken right out of your check. I looked into it and found that a bunch of the money collected went to pay the top dogs running the charity. I refused to sign the paper and give the money. I thought charity meant....well, charity.

appalachiablue

(41,184 posts)
93. That's right, Charity Begins at Home. Though somehow I don't think the USA is in
Wed Feb 11, 2015, 01:15 AM
Feb 2015

The Global Village.

 

Tierra_y_Libertad

(50,414 posts)
36. More: HSBC could yet be prosecuted over tax-dodging scheme, warns Loretta Lynch/Guardian
Tue Feb 10, 2015, 04:45 PM
Feb 2015

Don't you just love "practical politics" from the 3rd Way Clintons?

http://www.theguardian.com/news/2015/feb/10/hsbc-tax-files-loretta-lynch-prosecution

Barack Obama’s nominee for attorney general, Loretta Lynch, has warned that HSBC could be prosecuted over tax evasion connected to its Swiss subsidiary, despite the controversial agreement she negotiated with the bank two years ago.

In her first remarks since the Guardian and other media obtained a huge cache of leaked data from HSBC Switzerland, Lynch said the Department of Justice would not be constrained from bringing tax evasion charges against the bank if there were sufficient evidence.
US prosecutors weigh criminal charges against HSBC as Elizabeth Warren turns up the heat
Massachusetts senator calls on Department of Justice to ‘come down hard’ on HSBC if beleaguered bank is found to have colluded with tax evaders
Read more

The leaked files from HSBC’s Swiss subsidiary show how the bank colluded with some clients to conceal billions of assets from domestic tax authorities across the world. Lynch, who has yet to be confirmed by the Senate, is under pressure to explain what action the DoJ has taken since obtaining the data leak five years ago.

Lynch said in a letter to the Republican chairman of the Senate judiciary committee, Chuck Grassley, that the deal she reached with HSBC in 2012 “does not provide [the bank] any protection against prosecution for conduct” outside of the terms of that settlement, which was specifically about money-laundering and sanctions breaches.

 

quadrature

(2,049 posts)
46. when is tax-avoidance acceptable?
Tue Feb 10, 2015, 05:04 PM
Feb 2015

for the rich?
for members of a certain political party(which one)?

for the record, I assume that the BHC.C foundation
does do some philanthropy, but a travel budget
of 8 million a year for three people is too much.

Phlem

(6,323 posts)
70. you're not supposed to say that.
Tue Feb 10, 2015, 06:00 PM
Feb 2015

Everything's peachy keen and on the up and up Regarding Hillary Clinton, just like the TPP.

 

Marr

(20,317 posts)
55. This woman does not have a chance in a national election.
Tue Feb 10, 2015, 05:13 PM
Feb 2015

The public is more angry with Wall Steet and the big banks than ever, and she's got a long, loooong track record with them. She's an easy target, covered with a million potential scandals.

Phlem

(6,323 posts)
64. I bet you it will the ignorant public's fault for not voting for her according to some here
Tue Feb 10, 2015, 05:31 PM
Feb 2015

not because the facts are that nobody like her and doesn't trust her. Noooooo. Because it hasn't expressed over and over and fucking over again.

 

Marr

(20,317 posts)
78. If the past is any indication, yep.
Tue Feb 10, 2015, 08:21 PM
Feb 2015

It's not the tiny, unpopular political faction's fault-- it's the fault of the whole fucking country for not liking that tiny, unpopular faction.

ColesCountyDem

(6,943 posts)
59. I'm not thrilled about Secretary Clinton, but in all fairness, how is this her scandal?
Tue Feb 10, 2015, 05:19 PM
Feb 2015

Foundations get money from rich people-- it's how they work. Furthermore, I'm unaware of any that ask the donor the source of his/her funds.

ColesCountyDem

(6,943 posts)
77. She's not my first choice, but drive-by smears like this article are deplorable!
Tue Feb 10, 2015, 07:54 PM
Feb 2015

I may not vote for Secretary Clinton in the primary here in IL, but if she gains the nomination, she will have 100% of my support. Articles like the one in the OP are what I would expect from the GOP.

Phlem

(6,323 posts)
92. yes I did. Sorry.
Wed Feb 11, 2015, 12:59 AM
Feb 2015

I just function at a faster speed than most but in my opinion she will be the death of the Democratic party. You have your own opinion and neither of us are right till it actually happens. I researched the Third Way to death after the midterms. It still feels a little fresh. I hope you have a good evening.

Beacool

(30,253 posts)
67. Blah, blah, blah, here's the daily "let's bash the Clintons" post.
Tue Feb 10, 2015, 05:37 PM
Feb 2015

Donors who were clients of HSBC’s Swiss bank donated $81M to the Clinton Foundation, so? A foundation that has helped to save lives and has worked for the betterment of millions of people around the globe. Who do you all think donates to these foundations, the poor? Foundations and other charitable institutions are kept afloat by the money donated by the wealthy. Ever attend a charity ball?

There's a difference between donating money to a good cause and financing a political campaign.

 

WillyT

(72,631 posts)
82. Believe What You Must... But There's A Whole Lot More Coming...
Tue Feb 10, 2015, 08:37 PM
Feb 2015

If Hillary is indeed... "Inevitable"...

Better to expose the negative stories as they come out, so they can be defended against... like you just did.


Beacool

(30,253 posts)
99. The ones calling Hillary "inevitable" are her opponents.
Wed Feb 11, 2015, 01:36 PM
Feb 2015

Her supporters know better. She'll have to fight for the nomination just like any other candidate. Goodness knows that she gets attacked by the Left as much as by the Right.

 

rhett o rick

(55,981 posts)
91. "Donors who were clients of HSBC’s Swiss bank donated $81M to the Clinton Foundation, so?"
Wed Feb 11, 2015, 12:48 AM
Feb 2015

So what do they want in return? And where will it come from.

The Clinton's have always been in very tight with the Bankers, to the exclusion of the 99%.

madville

(7,413 posts)
72. As long as Hillary wins the primary
Tue Feb 10, 2015, 06:37 PM
Feb 2015

It won't matter who wins the general election, Wall Street benefits either way.

Phlem

(6,323 posts)
73. Yep.
Tue Feb 10, 2015, 06:42 PM
Feb 2015
http://www.democraticunderground.com/1016114042


But I'm sure it's purely coincidental because you know, the kids and diseases. HSBC's donation was a well intentioned gift to help the least of us cause that's what banks and the Clinton foundation do.

Phlem

(6,323 posts)
75. and the TPP will be a unicorn skipping on a rainbow shitting skittles.
Tue Feb 10, 2015, 07:00 PM
Feb 2015

because you know sick kids, the poor, and climate change.

Phlem

(6,323 posts)
106. Of course. What else are they going to put on the landing page?
Wed Feb 11, 2015, 02:41 PM
Feb 2015

We promote Thirdway policies and detrimental labor practices, we also support outsourcing, H-1B visa's and off shoring?

It's called Public Relations.

still_one

(92,481 posts)
111. So you are saying it is a front and a lie. You don't need proof though because it has Clinton in
Wed Feb 11, 2015, 06:06 PM
Feb 2015

Name, right?

Phlem

(6,323 posts)
112. No, I'm saying understand your media and how to read it.
Wed Feb 11, 2015, 06:31 PM
Feb 2015

Just because it's got all those great things on the front certainly doesn't represent the whole picture of the company. There are many well paid CEO's that work @ non profits. A well run company is certainly going to spend tons on image, not just helping the down and out.

Who know's maybe they're trying to make up for NAFTA.

emulatorloo

(44,249 posts)
103. No fan of HRC. However this is a non-scandal "scandal"
Wed Feb 11, 2015, 02:01 PM
Feb 2015

Lots of assholes give money to charity.

Their are many arguments to be made against Clinton's policy positions. But AFAIK Clinton Foundation does good work

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