Hillary Clinton is pure as the driven snow; at least she wants her campaign to appear to be.
WASHINGTON -- In returning $850,000 to donors associated with a disgraced fundraiser, Sen. Hillary Rodham Clinton sets a significant new standard for how campaigns should respond in the face of potential scandal.
Clinton's decision also underscores the price — financial and political — that her campaign is paying for failing to spot trouble with the fundraiser, Norman Hsu, even after receiving a warning. The campaign announced it would now conduct background checks on its fundraisers, an extraordinary and potentially time consuming step.
By returning the money, Clinton also puts pressure on presidential rivals and other politicians with rainmakers who have dubious pasts or who have employed questionable fundraising tactics, including the campaigns of Barack Obama and John Edwards.
Hillary is turning the screws on her presidential rivals.
I'm still waiting for Jim Doyle to follow Hillary's example and return his dirty money from Hsu.
Regarding Doyle, Bruce at Badger Blogger notes:
It shouldn’t take a math major to figure out why Jim Doyle still refuses to return $2,000.00 in campaign contributions he received from convicted, sixteen-year, two-time fugitive Norman Hsu. It would establish a dangerous precedent for Doyle’s campaign account.
Read more.
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New information:
Where did Norman Hsu get his money?
That has been one of the big questions hanging over the prominent Democratic fund-raiser, as reports have surfaced about hundreds of thousands of dollars he made in political donations, plus lavish parties, fancy apartments and a $2 million bond he posted to get out of jail earlier this month.
New documents reviewed by The Wall Street Journal may help point to an answer: A company controlled by Mr. Hsu recently received $40 million from a Madison Avenue investment fund run by Joel Rosenman, who was one of the creators of the Woodstock rock festival in 1969. That money, Mr. Rosenman told investors this week, is missing.
Mr. Hsu told Mr. Rosenman the money would be used to manufacture apparel in China for Gucci, Prada and other private labels, yielding a 40% profit on each deal, according to a business plan obtained by the Journal. Now the investment fund, Source Financing Investors, says Mr. Hsu's company owes it the $40 million, which represents 37 separate deals with Mr. Hsu's company. When Source Financing recently attempted to cash checks from the company, Components Ltd., the investors say they were told the account held insufficient funds.
Source Financing's arrangement with Mr. Hsu's company, according to court documents and investor accounts, echoes an older matter that came to light in recent weeks. In 1991, California officials charged Mr. Hsu with grand theft for failing to repay investors for money he raised to import latex gloves from China.
(h/t Captain's Quarters)
3 comments:
Mary, if you're waiting for the Doyle campaign to return the tainted Hsu money, I suspect you'll be waiting a while.
Returning the Hsu money would open the door to having to return the Troha money, and frankly, the campaign hasn't got it to give back. Using the Doyle campaign's own finance reports, we've worked the math:
http://badgerblogger.com/?p=5865
It appears to me that the most recent news reports in this series may be slightly misleading. I believe that the Clintons have been soliciting contributions from mainland China in one form or another since their days running dummy law firm accounts back in Arkansas, well, check, I think that the Rodham family has been soliciting money from related sources since the 1950's. So, the impression that these planted blogs seem to be giving, i.e., that the Clintons were innocent parties deceived by a criminal, are probably the exact opposite of the truth; Mr. Hsu is undoubtedly just an innocent middleman in this sort of campaign finance white slave trade from Guangdong and points far to the north, here. And, we are still not being told about the tens of millions of dollars the Clintons and their allies like the Obamas have received from sources in the Treasury Department, Goldman Sachs, Cuba, and Eastern Europe; in my opinion, Mr. Hsu's small donations are just the tip of the proverbial iceberg, here.
So, whoever paid you and your pals to post these blogs probably did so in error, not realizing I would read it, I guess.
I wouldn't care much, except I am getting tired of seeing the end result of this spending every time I look at a newsstand or open up my e-mail; to date, I have managed to open up about 100 Obama ads, and have accidentally stumbled on about 50 phony polls showing Hillary Clinton polling half of the Democratic vote in various states. I glanced at a newsstand at a Publix the other day, and Obama was on something like five magazine covers. These last two weeks, these two have been down here in Orlando and Miami, attempting to raise cash from every Cuban communist spy, money laundering restaurant and sports team owner, and crooked law firm in the state, as well as from Disney and anyone else with a major lobbying cause up in Washington.
That is not "Mr. and Mrs. Clean", here either, let me tell you. That is just two out-and-out crooks, preparing us for four years of highway robbery, out-of-control crime, treason, and worse up in Washington.
Jim Carrow, Cocoa Beach, Florida
When I called Hillary "Mrs. Clean," I was being sarcastic.
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