Hillary and Bill sell their Wal-Mart stock
They sold their stake in Fox News, too. All of their money is in cash accounts now, so that no one will ask any questions about it.
By disposing of all their stocks, Mrs. Clinton was seeking to avoid potential conflicts of interest that might arise from legislation that she votes on in the Senate, as well as avoid holding financial stakes in companies and industries — like Rupert Murdoch's News Corporation, the owner of Fox News — that could draw criticism from some Democratic voters.Losing out on a chance to make some bucks -- it must be killing them. Oh well. Once her candidacy is over, she can just go back to the commodities market for another 530 percent overnight return. And that was just beginner's luck -- you can imagine the kind of dough they can rake in now.
Comments (7)
Hillary owned stock in Fox, sat on the board of Wal-Mart. If she keeps this up some one might mistake her for a capitalist.
Having stock in fox really has to tic off some of her base.
Posted by Lc Scott | June 16, 2007 1:13 AM
As a reader pointed out to me earlier tonight, the stocks were in a blind trust, selected and purchased by a trustee without knowledge on the part of the Clintons. When HRC declared for President, it was ruled that the blind trust had to be broken up and its contents disclosed. That was presumably the first time the Clintons knew precisely what was in it.
HRC was involved with Wal-Mart for a l-o-o-o-ong time previously, of course...
Posted by Jack Bog | June 16, 2007 1:41 AM
Love him or hate him, Bill Clinton is the living embodiment of the American Dream.
From alfresco razorback banging astro-turf in the back of his El Camino to getting a hummer in the oval office. The road from rags to riches doesn't get any better than this.
Now he's worth $50 million, and he still feels our pain.
Vat a Country!
Posted by Mister Tee | June 16, 2007 8:04 AM
some years ago, the former head of the IRS straddle audit program wrote an article in the Wall Street Journal about what Hillary MAY have been doing with the cattle trading. He said the IRS had found tax fraud with the following pattern: someone would enter into both forward buy and sell transations at the same time. One would go up; the other would go down. Then the tax cheater, working with a crooked broker, would assign the losing leg of the stradle to a US taxpayer. The gain leg would be assigned to a non-taxpayer (e.g., a foreign person).
Hillary was working with a broker who was later suspended, if I recall correctly. Her trades were largely placed by someone at Tyson Foods, if I recall correctly. The former IRS person said that these may all have been straddle transactions and that he would look for the other leg of the straddles. If this was happening, they may have simply assigned the gain legs to Hillary and the loss legs to someone else (e.g., Tyson Foods?).
The Former IRS person did not know what Hillary actually did. He was just saying what the IRS learned to look for when they saw commodities futures results that were unbelievable.
Posted by Joel | June 16, 2007 8:45 AM
The fun future I expect is when Hillary ain't the Dem POTUS candidate, in any year, no matter how much the massmind media's Rash Lamebrains and LIARS in fascist fury aim to annoint her so ... and then the foamy-lipped are all hated up with no punching bag.
Posted by Tenskwatawa | June 16, 2007 9:43 PM
I expect Hillary doesn't get the votes to be the D. nominee. And I expect THIS candidate does get the votes to be the nominee. (3-min. video.)
And I expect 'orthodox' D. insiders olding out corrupt hands to rich donors, instead of holding out justice principles to workers, seeing what's coming are crapping green gravel apples right about now.
Posted by Tenskwatawa | June 17, 2007 8:35 PM
Sen. Gravel should fire his media consultant and reinvest the savings in a new suit and a haircut.
I would vote for Kucininch before I voted for this clown. At least we know what Kucinny stands for.
Posted by Mister Tee | June 18, 2007 6:26 AM