Clinton Denounces Corporate Crime While Accepting Cash From Blackstone, Firm Sanctioned By SEC

[tk2kewl]

Hillary Clinton Denounces Corporate Crime While Accepting Cash From Blackstone, Firm Sanctioned By SEC

http://www.ibtimes.com/political-capital/hillary-clinton-denounces-corporate-crime-while-accepting-cash-blackstone-firm

Hillary Clinton is traveling the country, promising to get tough on corporate wrongdoers and “shadow banks.” But as she promises to crack down on investment firms that offer banking services outside the purview of traditional financial regulations, her presidential campaign is vacuuming in cash from executives at a Wall Street firm known as one of the country’s biggest shadow banks — one recently fined by federal regulators for allegedly ripping off its clients.

Last week, the president of Blackstone Group, Tony James, hosted a fundraiser for Clinton. The cash flowed to the Clinton campaign just two months after the private-equity giant settled with the Securities and Exchange Commission over charges that it used so-called monitoring fees to enrich the firm at the expense of investors. Clinton accepted the money from executives at the sanctioned firm even as she has criticized the Obama administration for not punishing the perpetrators of financial crime more strenuously.

Among the investors in the Blackstone funds harmed by the scheme were major public pension systems in California, Florida and New Jersey, which hold the retirement savings of teachers, police officers, firefighters and other government workers. In all, municipal and state pension systems have committed at least $9.7 billion worth of investments in the three Blackstone funds the SEC says were hit, according to the research firm Preqin. (A top Blackstone executive said in 2010 that public employees enjoyed retirement benefits that are “too generous.”) Clinton has been endorsed by a number of major unions that represent public employees who rely on public pension systems for their retirement.

Spokespeople for Clinton and Blackstone did not respond to International Business Times questions about its executives’ support for Clinton or the SEC case.

more on Blackstone: http://www.democraticunderground.com/12511610627

[revbones]

1. But she's "always tried to tell the truth"

Good thing she'll just turn around and regulate those guys after she takes their money.

[jillan]

2. "Cut it out".

[Scuba]

3. The "H" stands for "hypocrisy."

[k8conant]

4. Sigh...

[NWCorona]

5. Theranos

[thereismore]

6. Clinton: the most transparent of all administrations.

[Uncle Joe]

7. Kicked and recommended.

Thanks for the thread, tk2kewl.

[justaddh2o]

8. K&R

Thanks for the thread!

[tk2kewl]

11. thanks for the kick

[DanTex]

9. LOL. Six degrees of Hillary Clinton!

[azmom]

10. Kick

[Impedimentus]

12. "Well, that's what they offered." ???

Just because she took the money doesn't mean she got the best deal.

FEEL THE BERN - 2016

[pdsimdars]

13. And did you see the interview with Nader last week?

That isn't really what they "offered".. . Nader had a copy of the contract and that is the fee SHE demanded right in the contract.

He also pointed out another stipulation she had put in the contract, that THEY would pay $1000 to have a stenographer take down the whole thing and the transcript is in her sole care.
So she really doesn't have to check around to find them. She alone owns them.

[tk2kewl]

14. I did not see that...

Do you have a link? Who interviewed him?