Thursday, January 31, 2008

An unbelievable (but sadly totally believable) story in the New York Times today. It seems the Clintons have both benefitted financially from a questionable relationship with a foreign investor- shocking! (click here for article)

Here is the timeline the NY Times presents:
  • 9/6/2005: BClinton flew with Frank Giustra (A very wealthy Canadian looking to make some money) to Kazakhstan on a private jet. Kazakhstan is rich in Uranium, which can be used in nuclear reactors.
  • 9/7/2005: BClinton and Giustra met with president of Kazakhstan, Nursultan A. Nazarbayev. The president has reportedly taken extreme measures to prevent political dissenters from being heard. Ironically, Clinton came out in support of Nursultan being appointed to lead an international election monitoring organization following this meeting.
  • 9/9/2005: Giustra's company entered into agreements with Kazakhstan's state-owned Uranium agency, Kazatomprom, allowing Giustra and his company to buy into uranium projects- thus turning Giustra's company, a company with no experience dealing with Uranium, into one of the largest uranium prodeucers n the world. The deal would make Giustra tens of millions of dollars.
  • Early 2006: Giustra donated over $30 million to BClinton's charitable foundation
  • 9/2006: Giustra co-produced Clinton's 60th birthday
  • 2/2007: Giustra's company, UrAsia, was purchased for over $3 billion . According to the NY Times the company's shares traded at $.10 per share in 2005 and then at $7.05 at the time of the deal. Giustra was a major shareholder of UrAsia. He is an unbelievably rich giy!
  • Giustra has now donated $100 million to BClinton's foundation.

Wow- everybody won! Playing connect the dots with the Clinton's and money is a game we should be playing now. This is an important subject that will likely be swept under some hand-woven rug.

When reporters initially questioned BClinton about the trip and meetings with Giustra his memory failed him (yes, I know we have heard that before.) He now remembers meeting with Giustra but has probably forgotten everything else. It's much easier to answer questions when you can claim to not have any answers.

This is an interesting story that may not be reported on again. Click on the link while you can...

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