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Bill Clinton Severs Burkle Business Ties

By Matthew Mosk
As President Clinton further expanded his campaign activity on behalf of wife Hillary Rodham Clinton, he was also in the process of ending his longtime financial relationship with California supermarket mogul Ron Burkle.

Aides to Clinton and other sources familiar with his business dealings with Burkle confirmed a Wall Street Journal report that the former president is negotiating a large payout as he prepares to sever ties with Burkle's far-reaching investment partnerships, the Yucaipa Cos.

"As we've said for some time, now that the presidential campaign is in full swing he's taking steps to ensure that there is an appropriate transition out of his business relationships should Senator Clinton become the Democratic nominee," said Matt McKenna, President Clinton's spokesman, in an e-mail responding to questions.

Clinton and Burkle are close friends, and Burkle has been a prolific donor and fundraiser both for Clinton's campaigns in the 1990s and for Hillary Clinton's senate and White House bids. Burkle hosted Sen. Clinton's first presidential fundraiser in Southern California at his sprawling Beverly Hills estate.

Clinton's work for Burkle's firm dates back to 2002, but his precise role with the firm, and the amount of compensation he has received, has remained an open question. The firm has made wide ranging domestic investments, and it also has an international arm, Yucaipa Global Fund. Partners in that fund include Burkle, Clinton and the Dubai Investment Group, which has ties to top officials in the United Arab Emirates.

Clinton has been a frequent visitor to Dubai in his post-presidency, including being paid $575,000 for three separate speeches in the fast-developing city between 2002 and 2005.

The firms' foreign partners and overseas investments have increasingly become a political concern for the Clintons, according to a source familiar with Clinton's dealings with Burkle.

Posted at 6:33 PM ET on Jan 22, 2008
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Now we know where she got the $5,000,000.00 to put into her campaign. Where else could she get that kind of dough?

Posted by: PhillyMater | February 6, 2008 9:47 PM

Follow the money... Clintons have a number of "questionable" connections with donors/supporters. Burkle is just one of a long list.

If there was nothing improper, would Clinton need to sever ties? Why not a blind trust?

"Clinton's work for Burkle's firm dates back to 2002, but his precise role with the firm, and the amount of compensation he has received, has remained an open question." Terry McAuliffe had a similar "unknown/unexplained" business relationship with Caret Asset Management and a fellow named Alan Quasha and Quasha's partner Hassan Nemazee. Nemazee is currently working for the Clinton campaign as "adviser".

Past performance is the best indicator of future behavior. The Clintons lied the last time around. And they're lying this time.

Posted by: jade_7243 | January 24, 2008 10:39 AM

Bill Clinton clearly hoped that his anti-Obama tantrum throwing routine would keep people focused on that - so they wouldn't notice his connection with 'sovereign wealth funds'. Read more at:
http://online.wsj.com/article/SB120097424021905843.html?mod=googlenews_wsj

Posted by: TomJx | January 23, 2008 4:04 PM

Here's more on Ron Burkle titled "Billionaire Clinton Friend, Union Accused of Racketeering"

http://www.nlpc.org/view.asp?action=viewArticle&aid=2010

Talk about the Clinton's getting a free ride this should be on the cover of every paper!

Posted by: rcamp1 | January 23, 2008 9:21 AM

IF ANY OF OBAMAS PPL ARE READING THIS: BRING IT UP.


Damn it the stakes are too high my friends. Im from Toronto, Ontario, Canada and Im supporting OBAMA. Vote if you can ppl.

Posted by: alyd311 | January 22, 2008 7:53 PM

HILLARY'S FRIEND IS AN OLD KKK MEMBER, CHECK THIS OUT HERE:

http://archive.newsmax.com/archives/ic/2005/11/15/185205.shtml?et=y

Posted by: laplumelefirmament | January 22, 2008 7:50 PM

We hear now that Bill Clinton wants to severe ties with some of the businesses he was involved in. Ever since he left office he had been making millions. None of the other former presidents have done that including Bush Sr. and Reagan. Bill Clinton says it is money from his speeches. That is meant for the public.

What really happens is Bill is pandereing to big businesses with his wife in the senate, making it easy for lobbyists to control our government at their fingertips. Not only is this happening with U.S. businesses, it is happening with Bill's ties to businesses in India, China, and even the middle east like UAE, and Dubai as shown by this article.

Let us say that one gives insider information about our governments workings, people to contact etc to a foreign government or company. Then the same person talks in front of a small of crowd in the company's conference room about charity and education. They can get paid for that speech big sums, iff that person happens to be an ex-president who has already helped the company to put its paws in our government.

This is going to continue for the next 8 years and then some, if Hillary gets into office. Now Bill's friends will all be sleeping in the Lincoln bedroom. All one cozy bunch. We can stop it by not voting for Hillary.

Hillary is going to change for the country, but not the changes we want in our government, but the changes China, India, Dubai, & UAE want in our government. The Clintons have pandered too much to these countries. There is no going back for them.

Posted by: MaryHiggins1 | January 22, 2008 7:46 PM

So, exactly how many blogs are you going to place the same post before getting tired of it? One hint-lose the all caps.

BB

Posted by: FairlingtonBlade | January 22, 2008 7:36 PM

Hilarious. Bill Clinton falls asleep at MLK celebration

http://talkingpointsmemo.com/news/2008/01/clinton_gets_sleepy_at_mlk_day.php

CLINTON SAYS WE HAVE THE CIVIL RIGHTS ACT BECAUSE LYNDON JOHNSON SIGNED IT.

GOLDWATER RAN A CAMPAIGN AGAINST JOHNSON...
SO WHY WAS SHE CAMPAIGNING FOR BARRY GOLDWATER WHO WAS AGAINST THE CIVIL RIGHTS ACT???

BY THE WAY CHECK OUT BILL CLINTON'S RACIST POSTCARD HE SENT TO HIS GRANDMA IN 1966 DURING THE CIVIL RIGHTS MOVEMENT.

http://serr8d.blogspot.com/2007/10/bill-clinton-racist-postcard-buy-it-now.html

Posted by: laplumelefirmament | January 22, 2008 7:24 PM

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