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In reply to the discussion: Can you spell tone deaf? H-I-L-L-A-R-Y. Hillary Clinton: We Were 'Dead Broke' Upon Leaving WH [View all]truedelphi
(32,324 posts)When the Banking Modernization and Reform Act hit President Bill Clinton's desk, he willingly signed it.
Despite the fact that this one piece of legislation took away a major component of protection for the middle class: the Glass Steagal Act.
Less than eight years later, our economy collapsed.
Of course, when he signed off on this piece of legislation, was he then promised a big time "payback" that would return to "thank him" for doing this?
Yes, I often mention how Billy Boy gets some $ 100,000 per speech in front of Corporate podium.
Another DU'er recently corrected me, with this information:
While HC was Secretary of State, she had to disclose amounts & sources of her husband's income on govt. employee financial disclosure forms. That's where all the details in this 2013 article come from. Now, and for as long as she is not a declared candidate for president, the Clintons' speechifying and all other income sources remain confidential - between them & the IRS. The details are almost impossible to believe - he was paid over $200,000 by a financially failing "non-profit" hospital. A newspaper publishing company in Nigeria paid him $700,000 each for speeches in two successive years - 2011 and 2012. Any politically cognizant person can draw conclusions about what quid pro quos are expected by domestic and foreign special interests groups and businesses in anticipation of Bill Clinton's wife being elected president.
http://politicalticker.blogs.cnn.com/201...-windfall/
As former Secretary of State Hillary Clinton embarks on her new career as a paid speaker, she joins a lucrative family business that already has earned her husband more than $100 million since leaving office in 2001.
According to a CNN analysis of 12 years of federal financial records, former President Bill Clinton had his most active and profitable year on the lecture circuit in 2012, delivering 73 speeches for $17 million from mid-January 2012 through mid-January 2013. That brought his total haul in speaking fees since leaving the White House to $106 million. His previous record for annual speech income was $13.4 million in 2011.
As in previous years, the former president's highest-paying events were held overseas. He earned $5.2 million last year for 15 speeches given in 12 countries. The most lucrative was a February speech to a local newspaper publishing company in Lagos, Nigeria, for which he received $700,000. He addressed the same group in 2011 for the same amount. He earned an additional $150,000 for a June speech delivered via satellite to an audience in Australia, while on a speaking tour in Florida. The remainder of his 2012 speech income was earned before domestic audiences in 15 states and the District of Columbia.