CLINTON'S GOT A JOB: Friend Hires Clinton to Be Investment Fund Adviser

NY TIMES ^ | 4/11/02 | LAURA M. HOLSON

[kcvl]

two guys with no experience in running loan portfolios

Do you know what the Clintons did with the Arkansas Teacher's Retirement Funds? They kind of "borrowed" from them. I wouldn't trust a Clinton within HUNDREDS of miles of MY investments, loans, etc.!

[Liz]

Yes,in a wonderfully phrased paragraph too,I did.
"Who's Liz, Pagey"? " ......like YOU care".
The office Staff is primarily Unabashed Lefties

Outrageous. Don't ever, EVER tell these ungrateful libs a Liz witticism again.....

[Liz]

The con is back on with our pal Bill...

"Back on?" The guy never turns it off!!!

[Rule of Law]

He should have hired Hillary. She knows all about investing. Look at all the money she made in cattle futures.

[Pagey]

They're very hateful and bitter people in their heads.It's nice to be in charge of them,They know not to instigate a political conversation w/ me,as they know I don't really like them,and it's not over until I'm through.LOL I often suggest they read more.

[aristeides]

The federal pension law, ERISA, does not cover government plans like CALPERS. However, that means state law is not preempted, and I would imagine CALPERS participants could sue the CALPERS administrators for breach of fiduciary duty under California trust law. The standard for plan investments under ERISA is the prudent man standard, which investments with these two outfits surely would not meet. A state court would probably hold the fiduciary duties of government plan administrators under state trust law are analogous. I.e., plaintiff participants would probably win. And this could be done through a class action, in which the plaintiffs' lawyers would win big too.

All that's needed is some enterprising lawyer.

[timestax]

Two words: Pyramid Scheme...... Ponzi better move over. 38 posted on 4/11/02 4:39 AM Pacific by Liz [ Post Reply |

We better keep an eagle eye on this situation!!

[Liz]

They're very hateful and bitter people.....It's nice to be in charge of them. They know
not to instigate a political conversation w/ me.....it's not over until I'm through........

Give it to' em but good......

[amom]

you might find this of interest

A bit down the page and just a tiny blurb but the names are familiar. ;-)

[Liz]

We better keep an eagle eye on this situation!!

Yup.

[Bloody Sam Roberts]

"Yeah, but Bill's plastic inflatable woman won't mind... "

Merely confirming his attraction to women full of hot air.

[KLT]

[SierraWasp]

Ah Liz... this is Hilarious! The most bizzare POTUS in American history is gonna become a bogus blowhard liberal loser in the fund business. Whataya bet they git a big discount by hiring Aurthur Andersen to sign their prospectus and annual reports as "AUDITORS!"

"Our audit shows that the Net Asset Value IS up, depending on the definition of "IS!" (signed Arthur Andersen)

[SierraWasp]

"your fund is a train wreck waiting to happen."

Wull, Hay! It gives a hole new meaning to the term "SINKING FUND," donut?

[Liz]

Great pic!! Would make a neat "Caption This" thread.

Al's saying while scratching his head, "Dang, I caught one of Clinton's cooties."

[Liz]

Merely confirming (Clinton's) attraction to women full of hot air.

Considering his past choices in women - and I do mean Hitlery
and Moanica - makes a lot of sense.............in several contexts.

[Liz]

BILL WILL HUSTLE FOR BIZ FUNDS by PAUL THARP NY POST - 4/12/02 - Could rake in $5M.
Bill Clinton has landed a real job. And if the ex-president rakes in enough cash for the coffers of Yucaipa Cos., a group of investment funds based in Los Angeles, his pay could top $5 million a year, experts estimated. "He can get that [$5 million] and more," said one. "He's worth it."

The fund managers want Clinton to help raise $1.5 billion, mainly from the nation's $400 billion in union pension funds. Clinton will slap backs and cajole potential investors. His pay will be determined by how much money he attracts. The funds are run by grocery billionaire Ron Burkle, a registered Republican who's a close Clinton pal and a big-time contributor to the Democratic Party. Burkle lobbied unsuccessfully to get Clinton to include disgraced financier Michael Milken in the pardons the president handed down in his final days in office.

The two funds Clinton will hustle for - Yucaipa America Fund and Yucaipa Corporate Initiatives Fund - are new, and were seeded with $200 million from California's huge state pension fund and bolstered by another $360 million from local union pension funds.

[Bloody Sam Roberts]

"makes a lot of sense.............in several contexts. "

And you know what context I was refering to.

[Liz]

......you know what context I was referring to.......

Bill's predeliction for woman with good lungs?

[Bloody Sam Roberts]

"Bill's predeliction for woman with good lungs? "

Uhhh, yeah, yeah! That's the ticket.