Posted on 05/28/2016 7:07:44 AM PDT by Liz
When Hillary Clintons son-in-law sought funding for his new hedge fund in 2011, he found financial backing from one of the biggest names on Wall Street: Goldman Sachs chief executive Lloyd Blankfein.
The fund, called Eaglevale Partners, was founded by Chelsea Clintons husband, Marc Mezvinsky, and two of his partners. Blankfein not only personally invested in the fund, but allowed his association with it to be used in the funds marketing.
The investment did not turn out to be savvy business decision. Earlier this month, Mezvinsky was forced to shutter one of the investment vehicles he launched under Eaglevale, called Eaglevale Hellenic Opportunity, after losing 90 percent of its money betting on the Greek recovery. The flagship Eaglevale fund has also lost money, according to the New York Times.
There has been minimal reporting on the Blankfein investment in Eaglevale Partners, which is a private fund that faces few disclosure requirements. At a campaign rally in downtown San Francisco on Thursday, I attempted to ask Hillary Clinton if she knew the amount that Blankfein invested in her son-in-laws fund.
Watch the video:
After repeated attempts on the rope line, I asked the Clinton campaign traveling press secretary Nick Merrill, who said, I dont know, has it been reported? and said he would get in touch with me over email. I sent the question but have not heard a response back.
The decision for Blankfein to invest in Hillary Clintons son-in-laws company is just one of many ways Goldman Sachs has used its wealth to forge a tight bond with the Clinton family. The company paid Hillary Clinton $675,000 in personal speaking fees, paid Bill Clinton $1,550,000 in personal speaking fees, and donated between $250,000 and $500,000 to the Clinton Foundation. At a time when Goldman Sachs directly lobbied Hillary Clintons State Department, the company routinely partnered with the Clinton Foundation for events, even convening a donor meeting for the foundation at the Goldman Sachs headquarters in Manhattan.
Clinton has dodged questions about her relationship with Goldman Sachs throughout the campaign. In January, we were the first to ask Clinton if she would release the transcripts of her paid speeches to Goldman Sachs. She responded by laughing and turning away. Since our question, other media outlets, including the New York Times editorial board, have called on Clinton to release the transcripts.
Clinton at times tried to conflate the money she received with campaign finance donations to Barack Obama though the issues are separate; Obama never personally profited from paid speeches before running for president.
Clinton most recently said she would only release the transcripts if Bernie Sanders and her Republican opponents also reveal transcripts of their paid speeches. Disclosures show Sanders made $1,867.42 from two paid speeches and a television appearance last year, and donated the money to a nonprofit in Vermont that assists low-income families.
Chelsea Clinton's husband has refused to apologize to investors - despite losing nearly $25 million in a calamitous gamble on the Greek economy. Marc Mezvinsky, 38, persuaded clients to pour cash into the struggling European country in the hope it would bounce back and deliver massive profits. But after buying up government debt and bank stock, the dramatic upturn he and his partners predicted failed to materialize and the fund's value plunged by an estimated 90 percent.
Mezvinsky, Bennett Grau and Mark Mallon (Goldman Sachs alumni)are reported to have finally pulled the plug on the failed investment last month. (Excerpt) Read more at dailymail.co.uk ...
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MUSINGS Just wondering----how much of the $25 million "accidentally" wound up in the Clinton Foundation coffers----or one of it's many offshoots. Maybe the one in No-Tell Caanada?
“losing 90 percent of its money betting on the Greek recovery.”
These people are not only corrupt, they’re dumb!
You’re assuming that he set off to make a profit. It could just be money laundering or Payoff scheme.
Probably MOST of it ended up in the Clinton Crime Family Slush Fund!
(EXCERPT) On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Secy Clinton emphatically portrayed the stupid, very offensive film as the root cause of the Benghazi violence. Clinton told Amr, I have repeatedly, as has the President and other officials in our government, deplored not only the content of this stupid, very offensive film But we have to exercise more self-discipline otherwise well be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet .
After referring to Benghazi, Secy Clintons telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a very successful investment visit led by my deputy Tom Nides, and, on the very day they left, this series of incidents began to unfold.
According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for communications with donors to the Clinton Foundation. Nides was also involved in the earlier scandal involving Secy Clintons efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky.
more below
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As FReeper 2big2fail posted: What possible insight could Hillary have on financial markets and economics that even the lower-echelon employees do not? Reporters for the Wall Street Journal know 50 times what Hillary knows about these topics. She is so obviously not paid for her insights. She is paid to be bought.
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Hah. G/S needs her "expertise" on "cattle futures." (smirk)
Mezvinsky is a partner at hedge fund Eaglevale Partners LP, and he requested that one of his clients be able to meet State Department officials. Clinton used her influence to forward the request.
The 2012 request relates to an investor in deep sea mining firm Neptune Minerals Inc., who wanted to meet officials. Mezvinsky, the husband of Chelsea Clinton, asked that his client be allowed to meet with senior figures in the State Department.
The former Secretary of State sent the request on to Thomas Nides, a vice chairman at Morgan Stanley who previously served as deputy secretary of state. Could you have someone follow up on this request, which was forwarded to me? Clinton asked Nides. (Note: Nides was also connected to the Clinton Foundation facilitating communications w/ donors.)
No evidence that government ethics rules were violated
The AP reports that Nides replied: Ill get on it. However it is not known whether a meeting ever actually occurred and a spokesman for Clintons ongoing campaign refused to comment on the matter when asked by both AP and Reuters.
In 2012, when the request was made, the Obama administration was attempting to push the Law of the Sea Treaty through Congress. The treaty would have helped deep sea mining companies that conduct business in international waters.
According to government ethics rules, employees should not give preferential treatment to any private organization or individual. However the AP reports that the consideration of requests made by family members is not prohibited.
Clinton has faced a great deal of scrutiny for her time as Secretary of State, particularly regarding her use of a private email server to handle professional emails. Critics argue that her questionable practices may have put sensitive information at risk, but she has denied that any state secrets were compromised.
The issue has continued to rumble on as she contests the Democratic candidacy.
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Despite having the inside edge and Goldman
Sachs partners, Mezvinsky has had pretty poor returns.
SOURCE http://www.valuewalk.com/2015/12/clinton-greece/
You can bet these crooks used the Madoff MO: When he went to jail, investigators found Ponzi King Bernie Madoff had stashed billions offshore---into a labyrinth of financial entities.
COLLUSION AND CONSPIRACIES GALORE Some $8.9 billion was funneled to Madoff through a dozen so-called feeder funds based in Europe, the Caribbean and Central America......a labyrinth of hedge funds, management companies and service providers that, to unsuspecting outsiders, seemed to compose a formidable system of checks and balances.
But the purpose of this complex architecture was just the opposite: the feeder funds provided different modes for directing money to Madoff in order to avoid scrutiny.
Was the Cruz family involved in this transaction? Goldman is the link between Cruz and Clinton.
(KYLE SMITH'S COMMENTS made with reference to Hillary's sworn testimony at the House Benghazi hearing that murdered Amb Stevens did not have her phone number.)
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Hillary's testimony a web of audacious lies, obfuscations, and willful omissions of fact were transparently self-serving and covered the gamut of official govt activities that undermined US ntl security:
She stammered a bit admitting her employee, Amb Stevens, had no way of reaching her.....realizing she was caught in a huge lie. She had earlier characterized Amb Stevens as "someone she knew and respected," relating personal anecdotes that suggested "a close relationship" and that "she had personally asked him to take the job."
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"Compassionate" Hillary shut out American men and women on the front lines of dangerous places like Libya. They had to wade thru red tape----and still could not reach Her Highness as the specter of terrorism loomed.
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Significantly, longtime Clinton errand boy, Sidney Blumenthal, was in constant contact w/ her as Blumenthal pushed for all-out war in Libya to topple Khadafi. The "new" Libyan govt was Blumenthal's pathway to profit.
Americans were not told Blumenthal was the hired hand of businesses w/ Libyan interests. With the buck-raking Clintons getting a cut.
The double-dealing Clinton Foundation had hyped Blumenthal as their $325, 000 hire "to advance Bill Clinton's presidential legacy."
(cue laugh machine)
That’s one ugly chart. Imagine if this was the Bush Administration. CNN would show it.
Lots of 'you scratch my back, I'll scratch yours' going on... the upside is Chelsea - when totally broke - might discover money means something to her after all...
Sid Vicious Blumenthal, the stench of the ‘90s just won’t go away.... his role in all of this needs to be fully exposed!
now they have a new fund, betting on the “Venezuela recovery”....
anyone wanna invest???
Nail him......there’s plenty of evidence.
does anyone think the GS heavyweights would have been investing with a young ignoramus like Mezvinsky absent the Clinton family connection??
Just another form of Clintonista political corruption....
Good point....needs to be explored.
Amen......that dam white privilege....again.
THE CLINTON SOLIDARITY ACT CAPTURED ON FILM
One Clinton lies and the other swears to it.
"I never had sexual relations with that woman...Miss Lewinsky."
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STROLL DOWN MEMORY LANE
VINTAGE TIME COVER The Clintons leave the WH
arm-in-arm after Bill got lewinskied. Plotting to exploit
Bill's BJ for votes, the Clintons' political apparat never faltered.
Hillary later went on network TV all decked out in virginal pearls,
denying everything, blaming Billy's B/J on "an invention of
the VRWC." Bill later admitted to it, was impeached, and disbarred.
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NOTE---Pres Clinton was a tax-paid employee using tax -paid offices .....
but the sucker claimed it was his business what he did there (groan).
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