[Liz]

If Clinton doesn't make it as an an investment advisor, Burkle can always train the ex-president to bag groceries. If he can't bring home the corporate bacon, Clinton I betcha would be a whiz at bagging the bacon.

[HHFi]

Yeah, that's what I'm going to do: invest my life savings in a mutual fund endorsed by Bill Clinton. Or maybe I'll just spend it on a fleet of gently pre-owned cars.

[Maelstrom]

Bail out of those funds now!

[Paulie]

"Mr. Clinton will act as something of an ambassador for the funds..."

The title suggests ex-President Treason will help make decisions on where to invest the money. How does that square with the statement that he'll act as 'something' of an ambassador?

[aristeides]

Weren't Yucaipa and Burkle connected to some Clinton scandal? The pardons, maybe?

[MinuteGal]

Naturally, there has to be more to this than meets the eye. Klintoon isn't taking this rather mundane "job" for the fun of it.

Who is this LA "friend" and what are his connections? If he's a big donor, to whom? How is this gig to Klintoon's advantage, etc.

Time for the freeper research squadrons to swing into action.

Leni

[mombonn]

Fred Meyer = Meijer. The author needs to pay attention to details.

Somehow, I suspect the next "adviser" Mr. Burkle hires will be jesse jerkson.

[elwoodp]

Hey Liz, great post! I think mr cliton may find it a little harder to be an investment guru now that he no longer has inside information on when the fed is about to move its interest rates.

[AppyPappy]

Former President Bill Clinton has been hired as a senior adviser at two investment funds that specialize in lower-income urban and rural communities.

Two words: Pyramid Scheme.

[Elkiejg]

I think I remember something about Burkle's wife having something to do with the "Wish List" of the Clinton's for gifts for their new home(s). It's too early for good recall, but his name sure rings a bell.

[ninonitti]

I always knew he was headed for show business......but doing ribbon cuttings at supermarkets?

[PoisedWoman]

Burkle and Clinton are a bit like Osama and Saddam. One has an idealistic following that can be easily manipulated, the other has big bucks. I can just hear them now planning to exploit stupid liberals who'll sign away their money for their Clintonesque ideals just as the al-Qaeda bunch sign away their lives for Allah. Investing in the fund might actually be a form of financial suicide. Should make a lot of guilty rich liberals "feel good about themselves."

[Freedom'sWorthIt]

This makes perfect sense. Put America's number one organized crime leader in charge of other people's money. Good luck, sucker investors.

[RightOnline]

Can anyone say "boondoggle"?

[PoisedWoman]

two investment funds that specialize in lower-income urban and rural communities.

In addition to my comments at post #29, it occurs to me that funds like these might have special tax advantages to the owners. Perhaps tax advantages arranged under Clinton administration?

I see Burkle is also involved in retirement funds. If these involve things like union pension plans, they're notoriously easy to steal from if you're clever and shady. Do we know anyone shady?

[JimVT]

WOULD YOU BUY A USED CAR FROM THIS MAN?>

[Miss Marple]

What a thing to wake up to!

This is borrowing from Jesse's playbook. Clinton now has the 501c3 (his library) and a Wall Street connection (similar to Jackson's shake-down fund). He can now move masses of cash between the two with impunity.

He has a perfect way to get money into the country (speaking fees from overseas sources), a perfect place to hide money (library) and a perfect way to pay off unions and corporate types (mutual funds).

My hope is that terrorist funds will be used, traced by Secretary O'Neill's fine people, and all money will be frozen.

[G.Mason]

The Yucaipa Companies LLC

PROFILE

Moving away from its past in the grocery store game until recently, Yucaipa is blasting into cyberspace.

While Yucaipa still owns 70% of Golden State Foods (one of McDonald's largest food suppliers), 2% of Kroger, and has purchased about 9% of major food distributor Fleming, the company has plunged headlong into the Internet.

Yucaipa owns 50% of CheckOut Entertainment Network, the operator of entertainment and e-commerce Web site CheckOut.com (retailer Wherehouse Entertainment owns the other half).

The company's portfolio also includes Alliance Entertainment (music, videos, and game distribution), as well as stakes in GameSpy (online games), LiveWorld (online chats), and OneNetNow (online communities).

COMPETITION

CMGI, Inc. (CMGI)

Liberty Digital, Inc. (LDIG)

idealab! (dossier)

KEY PEOPLE • Ronald W. Burkle

CEO CONTACT INFO

9130 W. Sunset Blvd. Los Angeles, CA 90069

US Phone: 310-789-7200 Fax: 310-884-2600

[Freemyland]

"Clinton I betcha would be a whiz at bagging the bacon."

Can't speak for that one, but he is surely quite adept at hiding the sausage.

[Lee'sGhost]

Great news! Now we know where the next investment fiasco will start. Think "Enron on steroids."

OK, THAT deserves some kind of an award.

[boomop1]

Burkle is a fool and better watch his 6, clinton has never been a success at any job requiring honesty.