http://rawstory.com/news/2007/A_20_million_payday_for_Bill_0122.htmlLinks to various articles at this one.
BTW - are you seriously assuming that Clinton's links to Dubai and Saudi royals are UNLIKE Poppy Bush's? Can you show me where Clinton EVER chose YOUR RIGHT to open government accountable to the people over protecting the secrecy and privilege of Poppy Bush, Jackson Stephens, and the Dubai and Saudi royals?
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An effort to sever ties with a politically precarious relationship with an investment firm could prove quite lucrative for Bill Clinton as he seeks to shield his wife's campaign from attacks that her family's financial interests conflict with the needs of the country.
The Wall Street Journal reports that Clinton is planning to end his business relationship with billionaire Ron Burkle, a close friend and prominent Democratic donor. Ending his relationship with Burkle's Yucaipa Cos. could result in a $20 million payday for the former president.
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Questions arose over Bill Clinton's relationship with Burkle's firm because of Yucaipa's connections in foreign countries such as China and Dubai.
Excerpts from the Journal:
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Mr. Clinton is also looking to close out partnership interests in a Yucaipa fund that focuses on investing in foreign companies. This fund -- called Yucaipa Global Partnership Fund LP -- has raised several hundred million dollars from a range of investors. Unlike his deal to advise the two Yucaipa domestic funds, Mr. Clinton invested an undisclosed sum of his own money in the global fund and has a limited partnership interest.
Mr. Clinton is also one of three owners of the global fund's general partner. The others are Mr. Burkle, who is the managing member, and an entity connected to the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum.
Severing the tie to Dubai, a U.S. ally, will remove a potentially tricky problem for Mrs. Clinton. Questions raised about the activities of sovereign wealth funds -- giant pools of money controlled by foreign governments -- have become a campaign issue, as the funds have made a spate of multibillion-dollar investments in such corporate giants as Citigroup Inc. and Merrill Lynch & Co. In a recent interview with The Wall Street Journal, Mrs. Clinton said such purchases are "a source of concern," partly because the foreign funds "lack transparency" and could be used by foreign governments as "instruments of foreign policy."
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Asked about the unwinding of the Yucaipa relationship, a spokesman for Mr. Clinton said the former president "is taking steps to ensure" that there will be "an appropriate transition" for the business relationship should Mrs. Clinton win the Democratic presidential nomination
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Wake up, aquart.....Bill is the son Poppy Bush wanted.