Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bill Clinton Hits the Jackpot with Sweetheart Deal
NewsMax ^ | 4/23/06 | NewsMax

Posted on 04/23/2006 10:18:46 AM PDT by wagglebee

Ex-president Bill Clinton stands to reap "tens of millions of dollars" in personal income from his job as an advisor to Yucaipa Companies, a California private equity firm controlled by one of his best friends and biggest political donors, billionaire Ron Burkle.

The New York Times reports Sunday that the sweetheart deal comes "without great effort and at virtually no risk" for the former president.

"He has put up little of his own money and has no day-to-day responsibilities over how the more than $1 billion in the funds is invested," the paper said.

Mr. Burkle, who built his financial empire by operating supermarkets in Los Angeles, tells the Times that Mr. Clinton's role is to help find investment opportunities for Yucaipa projects.

"He explains to people better than we can why these are good things to invest in," the former bag boy billionaire told the paper Thursday night, while sitting in Mr. Clinton's Harlem office. "If we make money, he makes money."

Though the supermarket magnet declined to offer specifics about Mr. Clinton's jackpot, the Times said that based on Yucaipa's track record, it could reach "into the tens of millions of dollars."

Clinton himself declined to be interviewed about the lucrative arrangement.

But in a 2003 speech he explained that Yucaipa had "earned a phenomenal return investing in three things I care about: in underserved communities, in underperforming companies that are friendly to their workers and their families, and in minority-owned businesses."


TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events
KEYWORDS: billclinton; billionaire; bubba; burkle; clinton; impeached42; newyorktimes; nyt; nytimes; ron; ronburkle; williamthefreeloader; x42; yucaipa; yucaipacompanies
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last
To: freekitty
Will this be Clinton's Carlisle group that we can criticize?
41 posted on 04/23/2006 11:08:22 AM PDT by satchmodog9 (Most people stand on the tracks and never even hear the train coming)
[ Post Reply | Private Reply | To 39 | View Replies]

To: wagglebee
The New York Times reports Sunday that the sweetheart deal comes "without great effort and at virtually no risk" for the former president.

"He has put up little of his own money and has no day-to-day responsibilities over how the more than $1 billion in the funds is invested," the paper said.

These same words (except for the reference to "$1 billion") could be used to describe Bill & Hillary's arrangement with Susan and Jim McDougal in the good old Whitewater days: Clinton puts up nothing, bears no risk, and stands to benefit from other investors' putting up investment dollars and taking the risks associated with entrepreneurial ventures. I wonder if this Burkle deal involves defrauding retirees of the life-savings before throwing them out on the street the way Whitewater was expected to work...

I remember in some of the details of the S&L scandal, Hillary was angry that she couldn't take the tax write-off from the losses being generated even though she and Bill had put up no money. And long after Whitewater dissolved into the S&L scandal that would cost tax-payers $46 million, Clinton's advisors in the White House urged him to get out of the Whitewater deal, B&C signed over their "rights" to the deal but didn't declare the transaction for tax filing purposes (McDougal was relieving them of exposure to a signficant debt -- it was like being given a major gift without declaring the gain for tax purposes... I wonder if Hillary paid the taxes on her brilliant cattle-futures investing, either...).

Can America really be stupid enough not to see what awaits should Hillary be elected President???

42 posted on 04/23/2006 11:12:58 AM PDT by ReleaseTheHounds
[ Post Reply | Private Reply | To 1 | View Replies]

To: wagglebee
"He explains to people better than we can why these are good things to invest in,"

So he has been instructed to go with his strengths.

He will lie.

43 posted on 04/23/2006 11:14:56 AM PDT by Bloody Sam Roberts (I can't complain...but sometimes I still do.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wagglebee
As I read of the tribute, honor, praise and wealth this present world is heaping upon ungodly and unrighteous men like Mr. C, I am reminded of the following truths from the Word of God. For those on FR who read this news and dispair; keep your eyes on the Lord Jesus; there IS justice with Him!

"For what does it profit a man to gain the whole world, and forfeit his soul?" "For what will a man give in exchange for his soul?" (Mark 8:36-37)

... "and the rich man also died and was buried. "In Hades he lifted up his eyes, being in torment..." (Luke 16:22-23)

Psalm 73

1 Surely God is good to Israel, To those who are pure in heart!

2 But as for me, my feet came close to stumbling, My steps had almost slipped.

3 For I was envious of the arrogant As I saw the prosperity of the wicked.

4 For there are no pains in their death, And their body is fat.

5 They are not in trouble as other men, Nor are they plagued like mankind.

6 Therefore pride is their necklace; The garment of violence covers them.

7 Their eye bulges from fatness; The imaginations of their heart run riot.

8 They mock and wickedly speak of oppression; They speak from on high.

9 They have set their mouth against the heavens, And their tongue parades through the earth.

10 Therefore his people return to this place, And waters of abundance are drunk by them.

11 They say, “How does God know? And is there knowledge with the Most High?”

12 Behold, these are the wicked; And always at ease, they have increased in wealth.

13 Surely in vain I have kept my heart pure And washed my hands in innocence;

14 For I have been stricken all day long And chastened every morning.

15 If I had said, “I will speak thus,” Behold, I would have betrayed the generation of Your children.

16 When I pondered to understand this, It was troublesome in my sight

17 Until I came into the sanctuary of God; Then I perceived their end.

18 Surely You set them in slippery places; You cast them down to destruction.

19 How they are destroyed in a moment! They are utterly swept away by sudden terrors!

20 Like a dream when one awakes, O Lord, when aroused, You will despise their form.

21 When my heart was embittered And I was pierced within,

22 Then I was senseless and ignorant; I was like a beast before You.

23 Nevertheless I am continually with You; You have taken hold of my right hand.

24 With Your counsel You will guide me, And afterward receive me to glory.

25 Whom have I in heaven but You? And besides You, I desire nothing on earth. 26 My flesh and my heart may fail, But God is the strength of my heart and my portion forever. 27 For, behold, those who are far from You will perish; You have destroyed all those who are unfaithful to You. 28 But as for me, the nearness of God is my good; I have made the Lord GOD my refuge, That I may tell of all Your works.

44 posted on 04/23/2006 11:26:26 AM PDT by Jmouse007 (Convert, Slavery or Death = "Islam the Religion of Peace tm" "It's time to play Cowboys and Muslims")
[ Post Reply | Private Reply | To 1 | View Replies]

To: wagglebee
Ex-president Bill Clinton stands to reap "tens of millions of dollars" in personal income from his job as an advisor to Yucaipa Companies...

I'd like to know the names of any businesses affiliated w/Yucaipa, so I can do business elsewhere.

45 posted on 04/23/2006 11:27:53 AM PDT by Recovering_Democrat ((I am SO glad to no longer be associated with the party of Dependence on Government!))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Recovering_Democrat

And they bitch about oil executives?
At least they do something for their coin.


46 posted on 04/23/2006 11:37:45 AM PDT by Ombudsman
[ Post Reply | Private Reply | To 45 | View Replies]

To: AprilfromTexas

Lord I pray people wake up and see her for who she really is, an opportunistic, I'll be nice and stop there. God knows New York voters who put her in office are blind!


47 posted on 04/23/2006 12:16:59 PM PDT by XtreMarine
[ Post Reply | Private Reply | To 23 | View Replies]

To: Poison Pill

"deferred bribery"...So..when does he become a RIADY V.P.?


48 posted on 04/23/2006 12:23:24 PM PDT by litehaus
[ Post Reply | Private Reply | To 16 | View Replies]

To: ReleaseTheHounds

It's absurd to refer to Hillary Clinton as The First Lady. She hasn't his first and she won't be his last.


49 posted on 04/23/2006 12:41:50 PM PDT by Clintonfatigued (Bob Taft for Impeachment)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Clintonfatigued; ReleaseTheHounds
It's absurd to refer to Hillary Clinton as The First Lady. She hasn't his first and she won't be his last.

And most importantly:
SHE'S NOT EVEN A LADY!

50 posted on 04/23/2006 12:43:02 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
[ Post Reply | Private Reply | To 49 | View Replies]

To: headstamp

With my apologies to used car salesman everywhere.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>


And well you should apologize.


51 posted on 04/23/2006 2:30:15 PM PDT by RipSawyer
[ Post Reply | Private Reply | To 4 | View Replies]

To: doug from upland; Mia T

I wonder if Ron Burkle understands that this Faustian bargain could easily result in financial ruin, prison and death for him.


52 posted on 04/23/2006 2:31:10 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RipSawyer

You're right. I really meant that Clinton is nothing but a glorified pimp.

He'll have the opportunity to pimp here also just like he did for 8 years in the White House.


53 posted on 04/23/2006 3:41:33 PM PDT by headstamp (Nothing lasts forever, Unless it does.)
[ Post Reply | Private Reply | To 51 | View Replies]

To: george76

The dangerous thing about Burkle is his fortune and his ability to get pension plans like CalPers to go along with his left wing financial deals.


54 posted on 04/23/2006 4:43:55 PM PDT by Grampa Dave (There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
[ Post Reply | Private Reply | To 20 | View Replies]

To: XtreMarine

I agree, she's tough to take...I don't understand the NY voter either. I hope John Spencer can give her a run for the money.

Great point: "You have to be a lady before you can be the First Lady".


55 posted on 04/23/2006 6:31:19 PM PDT by AprilfromTexas
[ Post Reply | Private Reply | To 47 | View Replies]

To: wagglebee; dighton; Senator Bedfellow; hellinahandcart; Thinkin' Gal
Though the supermarket magnet declined to offer specifics ...

... he nonetheless knows how to draw a crowd.

56 posted on 04/23/2006 7:29:10 PM PDT by aculeus
[ Post Reply | Private Reply | To 1 | View Replies]

To: aculeus; wagglebee; dighton; Senator Bedfellow; hellinahandcart; martin_fierro; Lijahsbubbe
Though the supermarket magnet declined to offer specifics ...

...in a previous life, he was refrigerator magnate.

57 posted on 04/23/2006 7:38:37 PM PDT by Thinkin' Gal (As it was in the days of NO...)
[ Post Reply | Private Reply | To 56 | View Replies]

To: wagglebee
Mr. Clinton's role is to help find investment opportunities for Yucaipa projects.

One word "Whitewater"

58 posted on 04/23/2006 9:17:59 PM PDT by staytrue
[ Post Reply | Private Reply | To 1 | View Replies]

To: XtreMarine

The good news is, california breast implants come with a small chip that plays music.



Women have long complained that men look at their breasts, and never listen.


59 posted on 04/23/2006 9:22:04 PM PDT by Donald Meaker (A Turk is always a Turk, but you don't know WHAT a Christian will do.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: wagglebee
Though the supermarket magnet declined

That must be one damn big magnet.

Doesn't any newspaper have a competent editor anymore?

L

60 posted on 04/23/2006 9:24:08 PM PDT by Lurker (Anyone who doesn't demand an immediate end to illegal immigration is aiding the flesh trade.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson