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Thread: President Clinton rakes in $10 million in speaking fees

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    Hit By Ban Bus! AliceInWonderland's Avatar
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    Lightbulb President Clinton rakes in $10 million in speaking fees

    President Clinton rakes in $10 million in speaking fees

    Story Highlights
    NEW: Presidential hopeful Mitt Romney worth between $190 and $250 million
    NEW: Sen. Barack reports assets ranging from $460,000 to $1.1 million
    Former President Clinton received over $10 million from giving speeches
    Sen. Clinton and the former president may be worth close to $50 million


    WASHINGTON (AP) -- Former President Clinton made more than $10 million in paid speeches last year, according to new filings that show he and his presidential-candidate wife have at least $10 million in the bank, and may have closer to $50 million.

    According to financial disclosure forms made public Thursday, Bill and Hillary Rodham Clinton hold two accounts, each valued at somewhere between $5 and $25 million. One is an old-fashioned bank account; the other is a blind trust.

    The reports indicate that when it comes to family wealth, Clinton is the wealthiest of the members of Congress running for president. Of all the presidential candidates, only Mitt Romney, whose assets are between $190 million and $250 million, may lay claim to being more affluent.

    Republican Sen. John McCain's family wealth is almost exclusively held by his wife, Cindy. An heiress to a major beer distribution company, Cindy McCain has several trust funds, money markets and other accounts, some more than $1 million.

    Sen. Barack Obama, D-Illinois, and his wife, Michelle, reported assets ranging from $460,000 to $1.1 million. Those assets don't include options in Tree House Foods, a food distribution firm on whose board Michelle Obama served. Michelle Obama stepped down from the board recently.

    Sen. Chris Dodd, D-Connecticut, listed as one of his major assets a cottage in County Galway, Ireland, worth between $100,001 and $250,000. He reported earning rent from the cottage of between $5,001 and $15,000. His wife, Jackie, has money market funds, IRAs and stock in companies, including Blockbuster Inc.

    Sen. Joe Biden, D-Delaware, listed bank accounts and life insurance policies worth between $19,000 and $110,000. He receives a teaching stipend from Widener University. where he has been an adjunct law professor since 1991. His wife teaches at the Delaware Technical and Community College.

    Book royalties big source of income
    Most of the presidential candidates serving in the Senate reported income from books. Obama was the most successful, reporting $572,490 in royalties for one book and an advance for a second. Hillary Clinton's own book profits are declining, years after her "Living History" became a best-seller in 2003. She reported royalties of $350,000 for the book last year. Dodd received a $30,000 advance for "Letter from Nuremberg." His father was a prosecutor at the Nuremberg trials of Nazi war criminals.

    Most of the presidential candidates filed financial disclosures last months to the Federal Election Commission and the Office of Government Ethics. Among the leading candidates, however, Clinton, McCain and Romney received extensions because the Office of Government Ethics wants them to open up their blind trusts.

    The reports filed with the Senate by Clinton and McCain list the blind trusts, but don't disclose what is in them.

    Former President Clinton upped his speechmaking money from the previous year, garnering some $10.2 million in payments, compared with about $7.5 million the year before.

    The Clintons had a much more pedestrian income when he ran for president in 1992. If Sen. Clinton's 2008 presidential bid is successful, they will enter the White House a very rich couple.

    Six years out of power, Bill Clinton can still raise huge sums with a personal appearance. He made a staggering $450,000 for a single September speech in London, at a Fortune Forum event, as well as $200,000 for an April appearance in the Bahamas to speak to IBM, and another $200,000 for a New York speech to General Motors.

    The former president's earnings must be reported as the spouse of a senator. Disclosure rules do not require him to reveal everything. He received an advance from Random House for an unpublished manuscript, but is only required to say that it was greater than $1,000.

    He also did not have to say how much he earns as a partner with Yucaipa Global Opportunities Fund, a Los Angeles-based investment firm.

    Copyright 2007 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.



    Find this article at:
    President Clinton rakes in $10 million in speaking fees - CNN.com
    damn he was a broke as a joke hillbilly and now look at him! I wonder how many times a year he sees his wife in person; im guessing 3 to 10.

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    Elite Member kingcap72's Avatar
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    People can say what they want about Clinton, but he's a true example of somebody pulling themselves up from nothing and making something of himself. Unlike some presidents who were born with a silver spoon in their mouths and oil in their veins.

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    Elite Member Sweetie's Avatar
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    that dicking sucking really paid off for him.

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    Elite Member Grimmlok's Avatar
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    Bush sucks dick too, but it's the giant greasy wang of the oil industry.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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    Elite Member sputnik's Avatar
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    no way someone named 'mitt' can get elected.
    I'm open to everything. When you start to criticise the times you live in, your time is over. - Karl Lagerfeld

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    Elite Member JamieElizabeth's Avatar
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    Quote Originally Posted by sputnik View Post
    no way someone named 'mitt' can get elected.
    He's just like our evangelicals because he has like 15 kids. What is thinking? Starting his own country?

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    Hit By Ban Bus! AliceInWonderland's Avatar
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    Clintons sell multimillion-dollar trust to avoid conflicts

    Story Highlights
    • Bill and Hillary Clinton liquidated blind trust worth between $5 and $25 million
    • Trust included stock in oil and drug companies, military contractors and Wal-Mart
    • Stock sold to that could be conflicts of interest or prove embarrassing
    • Clinton's worth at least $10 million and may be worth as much as $50 million

    WASHINGTON (AP) -- Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign.

    The blind trust and a bank account valued in the same range place the Clinton's total wealth at between $10 million and $50 million.

    The Clintons opened the blind trust in April under instructions from the Office of Government Ethics and sold the assets in May, according to a disclosure form filed Friday. The Clintons have had a blind trust since former President Clinton was governor of Arkansas in 1983 and had no control over its transactions.

    Once they peered inside it, they discovered it included investments in oil and drug companies, military contractors and Wal-Mart, campaign spokesman Phil Singer said.

    The report, filed Friday with the Federal Election Commission and the Office of Government Ethics, provides the most detailed look at the Clintons' holdings as their wealth has expanded since the former president left the White House in 2001.

    The new report also shows that the former president made $16 million in speaking fees between January 2006 and Wednesday. So far this year, Bill Clinton has given 34 paid speeches for a total of $5.9 million. (Full story)

    Trust included oil, drug companies
    The blind trust held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000-$250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.

    The report said all the proceeds of the sales are being placed in a cash account. The massive unloading of stock means the Clintons face large capital gains taxes.

    Though all the blind trust transactions were handled over the years by a trustee without the Clintons' knowledge, some of the holdings could have been awkward for Hillary Clinton as she pursues the Democratic presidential nomination.

    The blind trust held stock worth $100,000-$250,000 in NewsCorp, the parent company of Fox News, which many Democrats have denounced as biased against them. The trust also held stock in Wal-Mart and Wal-Mart de Mexico.

    The senator served on the Wal-Mart board from 1986 to 1992, and was close with the Walton family that created the nation's largest retailer. But she has recently called on the company to provide better worker benefits and last year her Senate campaign returned $5,000 to Wal-Mart's political action committee. At the time, Clinton campaign spokeswoman Ann Lewis said the money was returned "because of serious differences with current company practices."

    Friday's report comes on the heels of Hillary Clinton's Senate disclosure report, made public Thursday, which only covered activity in 2006 and did not reflect this year's liquidation of the blind trust.

    Clinton and other presidential candidates were required to file financial disclosure documents with the Office of Government Ethics by May 15. But Clinton, and Republican candidates Mitt Romney and John McCain asked for 45-day extensions because they all had blind trusts that the ethics office demanded be opened.

    Campaign: Reporting goes 'above and beyond' requirements
    "As a presidential candidate, Senator Clinton was required to make her assets public," campaign spokesman Howard Wolfson said. "As a result, she had to dissolve her blind trust. Upon its dissolution, she and the president chose to go above and beyond what was required of them and liquidate their assets in order to avoid even the hint of a conflict of interest."

    When it comes to family affluence, the reports show that the New York senator is the wealthiest of all members of Congress seeking the presidency. Among all presidential candidates, however, Republican Mitt Romney, the former Massachusetts governor, stands alone with assets of between $190 million and $250 million. Republican Rudy Giuliani and Democrat John Edwards have each reported assets of about $30 million.

    Last year and this year, Bill Clinton earned fees from $100,000 to $450,000 speaking to such corporations as IBM, General Motors, and Cisco Systems, finance giants such as Goldman Sachs and Lehman Brothers, and trade groups such as the National Association of Realtors and the Mortgage Bankers Association. He also has been paid to speak to nonprofit or charity groups, including the TJ Martell Foundation, which finances leukemia research, Nelson Mandela's Children's Fund and, last March, to the Boys and Girls Club of Los Angeles.

    Copyright 2007 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

    Find this article at:
    Clintons sell multimillion-dollar trust to avoid conflicts - CNN.com


    um yeah, definetely a conflict or two of interest.

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    Elite Member kingcap72's Avatar
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    Quote Originally Posted by Sweetie View Post
    that dicking sucking really paid off for him.
    Yeah, it made him a pimp.

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    Elite Member DoveFeatheredRaven's Avatar
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    I admire those who have made their fortune much more than those who have just inherited it.

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    Elite Member crackho's Avatar
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    Good for him! He derserves it, after the shit he had to endure just because he got his dick sucked (had he asked, I would have gladly done it and kept my mouth shut).

    Bush killed any remnants of financial ethics left in the Executive Office anyway, so what's the big deal?

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    Elite Member msdeb's Avatar
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    anyone that can stay married to Hillary deserves 10 million
    Basic rule of Gossip Rocks: Don't be a dick.Tati
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    Elite Member kingcap72's Avatar
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    Quote Originally Posted by crackho View Post
    Good for him! He derserves it, after the shit he had to endure just because he got his dick sucked (had he asked, I would have gladly done it and kept my mouth shut).

    Bush killed any remnants of financial ethics left in the Executive Office anyway, so what's the big deal?
    But don't forget that Bush said he was going to bring honor and integrity back to the White House. Considering that he stole the first election, and probably the 2nd one, and the crimes he's committed in his two terms I'm amazed even more that Clinton got impeached for lying about a blow job.

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    Elite Member LynnieD's Avatar
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    Hell, if I had it, I'd pay him to talk to me.....something truly sexy about that man.

    I was reading 'Gawker Stalker' from NYC and there was an entry that said Bill Clinton was walking down the street and people were loosing their SHIT completely. Like screaming, fainting, the whole thing. They said he was bigger than any rock star.


    I like that in my President. Rather have a little intern nookie getting than getting in bed w/the fucking oil companies/idiot middle easterns.

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