Friday, June 15, 2007

Clinton said she wanted to take those profits...

And invest them in energy research but it turns out she pocketed them instead.

Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign.

The blind trust and a bank account valued in the same range place the Clinton's total wealth at between $10 million and $50 million.

The Clintons had to disclose the contents of the blind trust in April under instructions from the Office of Government Ethics and sold the assets in May, according to a disclosure form filed Friday. The Clintons have had a blind trust continuously since 1993 and had no control over its transactions.

Over time, the Clintons' blind trust grew significantly and included stock holdings in oil and drug companies, military contractors and Wal-Mart.


The blind trust held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000- $250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.

Can you say hypocrite? I thought you could.