June 15, 2007

To Avoid Conflicts, Clintons Liquidate Holdings - New York Times

That presidency thing is not bad for personal wealth creation, just ask the Clintons:

To Avoid Conflicts, Clintons Liquidate Holdings - New York Times:

"According to the financial disclosure documents, the couple’s total net worth falls between $10 million and $50 million...."

[quite a range.]

"According to their 1993 financial disclosure form, the Clintons were far less wealthy than they are today. Their estimated net worth at the time was $633,015 to $1.62 million. Mr. Clinton’s share of the blind trust was valued from $15,001 to $50,000, and Mrs. Clinton’s $500,001 to $1 million."

...“Senator Clinton and the president wanted to go above and beyond and avoid even the appearance of a conflict of interest, so they chose to liquidate the assets,” said Howard Wolfson, communications director of Mrs. Clinton’s campaign."

How admirable. They have miraculously gained fabulous wealth, and are happy to sit on 50 mil so as not to soil their pure-hearted campaign with even the "appearance of conflict of interest."

You can see how dynastic succession works--it works best when there is a true dynasty to take the baton.

Makes Reagan's two million dollar payoff from the Japanese right after he left office to be rather small potatoes, doesn't it.

(No, I haven't forgotten. have you?)

No comments: