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Least surprising report of the week: Foundation headed by Clintons rife with crony capitalist conflicts of interest

By Doug Powers  •  August 15, 2013 02:02 PM

**Written by Doug Powers

The only way I could be more surprised is if I found out Bill still had a wandering eye:

On Wednesday, the New York Times ran a blistering investigative report revealing the Clinton Foundation as a nonprofit rife with crony capitalist conflicts of interest and multi-million dollar deficits despite raking in at least $492 million from 1997 to 2007.

In 2007 and 2008, the Clinton Foundation, which is soon to be renamed the “Bill, Hillary, & Chelsea Clinton Foundation,” ran a $40 million deficit. Last year, it ran a deficit of over $8 million despite the Foundation and two subsidiaries generating $214 million in revenues.
The New York Times says the cronyism and conflicts have reached critical mass. “The Clinton Foundation had become a sprawling concern, supervised by a rotating board of old Clinton hands, vulnerable to distraction and threatened by conflicts of interest,” reports the Times. “It ran multimillion-dollar deficits for several years, despite vast amounts of money flowing in.”

What difference does it make?

Equally unsurprising, the new Clinton Foundation headquarters will serve as the “nerve center” for Hillary’s expected 2016 push.

**Written by Doug Powers

Twitter @ThePowersThatBe

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