The latest batch of publicly-released State Department emails provide more evidence that a $10 million loan from the Overseas Private Investment Corporation (OPIC) to Clinton Foundation donor Claudio Osorio was made as a result of pressure from Bill and Hillary Clinton.
The loan to a company named InnoVida, owned by Osorio, was supposed to be for building houses in earthquake-ravaged Haiti, but Osorio used the money to finance a lavish lifestyle. Osorio is currently in prison for fraud. OPIC is an independent agency but submits its budget through the State Department.
Observers lately have taken to calling Puerto Rico “America’s Greece.” That might qualify as an insult – to Greece. And the American public may have to cover the debts. On Monday, the island government announced that its Public Finance Corporation was unable to make its full scheduled loan payments over the weekend. The $628,000 in disbursements was a mere blip on the $58 million due, itself a blip on composite debt of over $70 billion, all of it rated at or near “junk” levels. Yet suddenly the specter of collapse has become real. Moody's Vice President Emily Raimes, terming the partial payment a “default,” stated: “This event is consistent with our belief that Puerto Rico does not have the resources to make all of its forthcoming debt payments. This is a first in what we believe will be broad default on commonwealth debt.”
Alana Goodman of the Washington Free Beacontoday details how the Clintons pushed for a $10 million loan from the Overseas Private Investment Corporation (OPIC) to Clinton Foundation donor Claudio Osorio, who now sits in a federal penitentiary, serving a 12-year term for fraud.
The loan was rushed through and Osorio was never required to provide an audited financial statement. The loan was supposed to be for building houses in earthquake-ravaged Haiti, but Osorio instead used the money to fund a lavish lifestyle and to buy off politicians.
Alana Goodman of the Washington Free Beacon details today how Cheryl Mills, one of Hillary Clinton’s longtime underlings, apparently collected a paycheck from New York University at the same time she was serving as Chief of Staff of the State Department. According to the article:
After joining the State Department in the beginning of 2009, Mills continued to serve as general counsel for New York University for several months. She also sat on the board of the “NYU in Abu Dhabi Corporation,” the fundraising arm for the university’s UAE satellite campus. The school is bankrolled by the Abu Dhabi government and has been criticized by NYU professors and human rights activists for alleged labor abuses.
Only time will tell just how damaging the current email controversy is to Hillary Clinton. But looking back, it was the same penchant for secrecy, and disregard for rules that others must follow, that doomed her attempt to overhaul the nation’s health care system in the early Nineties, the most ambitious project of her life next to running for president.
NLPC was a plaintiff in the successful 1993 lawsuit to open the meetings and records of the task force. A good historical account of the task force, and the fight over its proposals, can be found in a 1996 book titled The First Lady: A Comprehensive View of Hillary Rodham Clinton, that I co-wrote with my brother Timothy. Here is Chapter Nine titled “Health Care:”
Expanding union monopoly privileges and the welfare state is a full-time job, especially when it comes to electing political candidates committed to advancing these causes. The AFL-CIO, never late to rise, is getting an early jump for 2016. For the last few months, federation President Richard Trumka has touted freshman Sen. Elizabeth Warren, D-Mass., a Left-populist, as presidential material. The federation has yet to issue a formal endorsement. And the senator has denied plans to run. Yet she could be persuaded to change her plans. The push for Warren is part of a larger effort to identify “pro-worker” candidates who support dramatic hikes in the minimum wage. “That’s the stick we’ll use to measure every candidate,” Trumka said at an AFL-CIO executive board meeting in Atlanta in late February.
A solar company project that Senate Majority Leader Harry Reid successfully lured to Clark County, Nev. – where his son Rory was a former commissioner and now lobbies on behalf of the Chinese company that owns it – now wants the dominant utility in the state to buy its electricity.
So does Senator Reid, who is frustrated because every component to make ENN Energy Group move forward with the project is in place except for NV Energy, the state utility, to enter an agreement to buy the electricity. For the most part wind and solar farms don’t get built unless there is assurance that utilities will accept their power.
Congressman Spencer Bachus of Alabama must feel like he’s experiencing déjà vu all over again.
The Ranking Republican on the Financial Services Committee last month asked the Obama Administration to explain its role in the bailout of Chicago-based ShoreBank, a lending institution favored by the community organizing and green job creating crowds. Hundreds of similar-sized others were allowed to fail, but several “too big to fail” banks (who survived thanks to TARP money) were reportedly pressured into a joint effort to rescue ShoreBank. Bachus sent the president a letter, then issued a press release:
By a wide margin yesterday, Virginia voters nominated State Senator R. Creigh Deeds as the Democratic Party candidate for governor. In so doing, they rejected the candidacy of former Democratic National Committee (DNC) Chairman Terry McAuliffe, a top Clinton confidante with a long history of influence-peddling. With roughly 75 percent of the ballots counted, Deeds had received about 50 percent of the tally, with McAuliffe and State Delegate Brian Moran each with roughly 25 percent. Deeds will face Republican Attorney General Bob McDonnell, who ran unopposed, in this November's general election. But the real news may be the defeat of McAuliffe, a powerful and ethically-challenged party fundraiser. Former President Bill Clinton, among other party stalwarts, actively had stumped on his behalf.
Democratic fundraiser Norman Hsu was convicted yesterday of making illegal campaign contributions. Earlier this month, Hsu pled guilty to operating a Ponzi scheme in which investors were swindled out of $20 million. Hsu’s favorite politician was Hillary Rodham Clinton, for whom he raised $850,000.
Hillary is Secretary of State. That would seem to invite at least some media attention, if not a full-blown firestorm, but nary a word is heard about Hillary’s ethical suitability for the post.