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Showing Original Post only (View all)Breaking: Clintons Got Millions from Swiss Bank Sec Clinton Shielded from IRS [View all]
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Source: Daily Kos
Here's the long and short of it. Shortly after she became Secretary of State, Clinton went to Switzerland at the request of her Swiss counterpart. The IRS had sued UBS demanding the identities of some 50,000 account holders. A few months later, Secretary Clinton announced a deal whereby UBS provided information on only 4450 accounts. It was a bit odd that the Secretary of State (any secretary of state) would have been involved in this kind of matter at all.
This is all a bit odd and another instance of a Clinton helping out a giant financial institution. But what is really troubling is what came after. Because it seems that after this intervention, UBS became rather magnanimous toward the Clintons. How so?
1) UBS contributions to the Clinton foundation jumped from 60K prior to 2008 to 600K by 2014. That's a 1000% increase.
2) UBS partnered with the Clinton Foundation to lend $32 million to inner-city entrepreneur programs.
3) Bill Clinton was invited to have some Q & A sessions with UBS big wigs. He was paid $1.5 MILLION for these appearances. It made UBS the single biggest source of corporate speech income since he left office.
Read more: http://www.dailykos.com/story/2015/07/31/1407615/-Breaking-Clintons-Got-Millions-from-Swiss-Bank-Sec-Clinton-Shielded-From-IRS
This is a compilation of two other articles -
http://www.theatlantic.com/politics/archive/2015/07/hillary-helps-a-bankand-then-it-pays-bill-15-million-in-speaking-fees/400067/?UTM_SOURCE=yahoo
http://www.wsj.com/articles/ubs-deal-shows-clintons-complicated-ties-1438223492