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How Bill Clinton Bagged a Cool $31 Million

This story in the NY Times from a few weeks ago has gone largely unnoticed by the mainstream media so I thought I would reproduce part of it here for those who are interested in a thorough vetting of the Clintons before she actually gets the nomination:

Late on Sept. 6, 2005, a private plane carrying the Canadian mining financier Frank Giustra touched down in Almaty, a ruggedly picturesque city in southeast Kazakhstan. Several hundred miles to the west a fortune awaited: highly coveted deposits of uranium that could fuel nuclear reactors around the world. And Mr. Giustra was in hot pursuit of an exclusive deal to tap them.

Unlike more established competitors, Mr. Giustra was a newcomer to uranium mining in Kazakhstan, a former Soviet republic. But what his fledgling company lacked in experience, it made up for in connections. Accompanying Mr. Giustra on his luxuriously appointed MD-87 jet that day was a former president of the United States, Bill Clinton.

Upon landing on the first stop of a three-country philanthropic tour, the two men were whisked off to share a sumptuous midnight banquet with Kazakhstan's president, Nursultan A. Nazarbayev, whose 19-year stranglehold on the country has all but quashed political dissent.

Mr. Nazarbayev walked away from the table with a propaganda coup, after Mr. Clinton expressed enthusiastic support for the Kazakh leader's bid to head an international organization that monitors elections and supports democracy. Mr. Clinton's public declaration undercut both American foreign policy and sharp criticism of Kazakhstan's poor human rights record by, among others, Mr. Clinton's wife, Senator Hillary Rodham Clinton of New York.

Within two days, corporate records show that Mr. Giustra also came up a winner when his company signed preliminary agreements giving it the right to buy into three uranium projects controlled by Kazakhstan's state-owned uranium agency, Kazatomprom.

The monster deal stunned the mining industry, turning an unknown shell company into one of the world's largest uranium producers in a transaction ultimately worth tens of millions of dollars to Mr. Giustra, analysts said.

Just months after the Kazakh pact was finalized, Mr. Clinton's charitable foundation received its own windfall: a $31.3 million donation from Mr. Giustra that had remained a secret until he acknowledged it last month. The gift, combined with Mr. Giustra's more recent and public pledge to give the William J. Clinton Foundation an additional $100 million, secured Mr. Giustra a place in Mr. Clinton's inner circle, an exclusive club of wealthy entrepreneurs in which friendship with the former president has its privileges.

Incredibly, Bill Clinton sent congratulations to the dictator of Kazakhstan when we "won" re-election with 91% of the vote.

Indeed, in December 2005, Mr. Nazarbayev won another election, which the security organization itself said was marred by an "atmosphere of intimidation" and "ballot-box stuffing."

After Mr. Nazarbayev won with 91 percent of the vote, Mr. Clinton sent his congratulations. "Recognizing that your work has received an excellent grade is one of the most important rewards in life," Mr. Clinton wrote in a letter released by the Kazakh embassy. Last September, just weeks after Kazakhstan held an election that once again failed to meet international standards, Mr. Clinton honored Mr. Nazarbayev by inviting him to his annual philanthropic conference.

(I suppose it is somehow fitting that Bill Clinton thinks this election was legitimate given that his wife believes the Michigan primary contest where Barack Obama was not on the ballot was fair!)

Bill Clinton's global wheeling-and-dealing raises serious questions about how a second Clinton administration would operate under his wife. The conflict-of-interest implications raised by deals like this are staggering. What effect would these transactions have on President Hillary Clinton's ability to manage diplomatic relations with a country like Kazakhstan?

The "Clinton Scandal Watch" goes on. It's a full time job.

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Comments (2)

What's your point? That th... (Below threshold)
sam:

What's your point? That the Clintons are crooks? Republicans have been saying that for 15 years, and it is just sinking in?

The day Democrats start caring about integrity in their leaders, there will be no party left.

The Left has been enabling the Clintons psychoses for ever, why the sudden concern? Did you have the same concern when the Clintons and Al Gore were shaking the Chinese by selling military technology?

Face it, Clinton will steal the nomination. Barack is the poor sap who will not even realize what hit him. If he were smarter, he would be squelching any talk of re-do in FL and MI. There is nothing good for him in a re-vote. A re-vote in FL and MI achieves 2 critical things for Hillary - reduces the pledged delegates gap, and allows her to win the popular vote.

Obama is stuck on his delegate-lead story, while the narrative has moved on (see how nobody is talking about Wyoming and Mississippi, even though Hillary will probably net less from PA than Obama will net from these two states?) Even though he won Texas delegates race, all the talk is about Hillary and PA, MI and FL.

I certainly have my own sus... (Below threshold)

I certainly have my own suspicions about the Clinton's financial ethics. But the Whitewater scandal never turned up direct evidence of illegality on their part, although 13 associates went to jail over it. Nothing concrete was ever proved on the cattle futures trades, either. Common sense can tell us logically what must have happened there, but it's not admissible evidence.

Since then, though, all their shady financial deals didn't seem to benefit them directly. The illegal campaign donations helped the reelection campaign through some tough months, and the pardons may have yielded help for Hillary's brother and the Library, but the only deals which have personally paid the Clintons were their book deals and his speaking fees, all on the up and up.

Even this is big donation to his charitable foundation. If he gets a fundraising finders' fee, that should be disclosed - but we should get the idea from his tax returns, whenever they get the time to release them (busy, busy, busy!).

Now, his choice of associates is extremely poor, and disheartening behavior, IMHO, for a former President. So what else is new? But I don't mind him making money. And there are plenty of people willing to pay him around the world.

What should be the political question is: "How much influence will those who have paid Bill tens of millions over the last eight years have on a Hillary Administration over the next four?" That should be the issue here.




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