Saturday, July 2, 2016

"Clinton sought secret info on EU bailout plans as son-in-law's doomed hedge fund gambled on Greece"

Fox News:   Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy.

In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses.

Clinton stepped down as secretary of state in 2013 to run for president. But newly released emails from 2012 show that she and Clinton Foundation consultant, Sidney Blumenthal, shared classified information about how German leadership viewed the prospects for a Greek bailout. Clinton also shared “protected” State Department information about Greek bonds with her husband at the same time that her son-in-law aimed his hedge fund at Greece.

That America’s top diplomat kept a sharp eye on intelligence assessing the chances of a bailout of the Greek central bank is not a problem. However, sharing such sensitive information with friends and family would have been highly improper. Federal regulations prohibit the use of nonpublic information to further private interests or the interests of others. The mere perception of a conflict of interest is unacceptable. (lots more)

17 comments:

edutcher said...

This is another of those things where the righteous (and you know who you are) will rail against the injustice of it all.

The appearance of conflict of interest is only applicable for Republicans or Conservatives.

What makes all this relevant, however, is it's another nail in Hillary's rep. The son is the product of an IA Congressman and a Philadelphia TV reporter who ran for Congress in '92 and swept in on the Ozark Mafia's coattails, thus Chelsea's marriage.

Dad went to jail, Mom was incredibly ham-handed as a politician, and son-in-law runs a hedge fund, so we all know where this ends.

As was the case in the late 90s, it's not any specific event, it's what medics in the CBI called AOE, Accumulation Of Everything. As people tired of the Ozark Soap Opera before, they will again.

BTDT.

Leland said...

The assumption going in was that the hedge fund manager was attempting to make money for those who bought into the hedge fund.

Lem said...

Could you imagine the media uproar had it been discovered that while Romney was governor a relative sought his connections to save a hedge fund?

AprilApple said...

btw - Lynch does not have any grandchildren.

edutcher said...

Willie does.

AprilApple said...

WE know. The media cover for their precious D was "they were exchanging stories about the grandchildren". Another lie.

edutcher said...

No, Lynch said they talked about grandchildren and golf.

Since she doesn't play golf (Pissy would never be seen with anyone who's either black or female on the links), either, it only means Willie did all the talking.

Or maybe begging.

AprilApple said...

No Ed- the media meme was "they talked grand children". That assumes they both have grand-children. Good gravy you're tedious.

AprilApple said...

If the FBI isn't corrupted, they might put a stop to Trump's plans to hand this thing to Hillary.

edutcher said...

As always, you don't read the piece, you jump to the conclusion that fits your desired outcome best.

I read a couple of pieces (ABC and CNN) and they quoted Lynch. You clearly just read headlines. In any case, the meeting was none of Lynch's doing, apparently, so the "fix" may be less in than you wish.

PS Again? Take the month off and get yourself a clue.

AprilApple said...

Initially, ed - the media pimped the grandchildren angle.

AprilApple said...

If you buy that Lynch was surprised. I don't buy any explanation from these liars.

edutcher said...

Considering the fact Lynch is the one having to do the explaining, I think she was.

The simplest explanation is usually the one most accurate, people not being as clever as you may wish to believe. The whole thing was handled in such a ham-handed manner, it smells of Willie. Lynch was there for a speech and having a meeting on the tarmac, holding up everything for all the world to see, is definitely Willie's style.

Methadras said...

I'm sure the glacial pace at which the FEC and the SEC will be moving to investigate this makes Martha Stuart enraged.

Methadras said...

Somewhere, Bernie Madoff is laughing his ass off. Oh wait, we know where he is.

Chip Ahoy said...

We don't know anything for real how these two planes came together. Even leaks are suspect so we can't even know if us knowing is designed or accidental.

The FBI was there, telling people no photos. You know what? Fuck off with that. I'll take a mental fucking picture then draw what I saw. What the hell is that anyway?

That's not who we are as a people. I keep being lectured. Get this, my mirror reflection, my representation in government, my servant, my employee, my dog, presumes to lecture me who Americans are. He of lauded exotic origin.

Ha ha ha ha ha ha *smack*

I'm hearing music from outside and gray thick clouds are building massively. I must hasten outside and see if I can find a crowd and and maybe even get rained on.

William said...

One of Clinton's defenses in the Whitewater thingee was that the venture went bankrupt and that, therefore, it could not have been crooked. I suppose the son in law will use the same defense here: "if I traded with inside info, how come I went bankrupt." How, indeed? I think George Soros could probably have done better with advance knowledge of Merkel's next move re the Greek debt, but you can know the score and still play the wrong notes if you've got big, clumsy fingers.. I also note in passing that Donald Trump would probably have come out ahead in the Whitewater development project.