Thursday, February 07, 2008

More Crooked Clinton Fundraising?

Ed Morrisey thinks that Ron Burkle, a devout Friend of the Clintons, found a way to funnel $20 million into Hillary's campaign.

Where did Hillary get $5 million to loan a presidential campaign? Bill and Hillary have done well on the speaking circuit, and Bill recently got $20 million or so for backing out of his partnership from Ron Burkle. At the time, speculation had Bill wanting to eliminate any potential conflicts between Burkle's business and Hillary's election.

Now, however, one has to wonder whether Burkle may have attempted to float money into Hillary's campaign while bypassing campaign-finance regulations. Did the $20 million, which came just two weeks ago, actually represent a fair-market settlement for Clinton's services and ownership stake in Yucaipa? Or did Burkle inflate it in order to allow Hillary to "loan" herself $5 million to keep pace with a surging Obama campaign?

The Clintons always seem to live at the nexus of questions regarding cash and politics. Whether we talk about Norman Hsu or Ron Burkle, their opacity in financial operations suggests a very, er, flexible attitude towards ethics in government -- and serves as a reminder why so many people oppose a Clinton Restoration.

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