November 25, 2008

Struggling Banks Paid President Clinton $2.1 million for ‘Speeches’

H/T ARRA News Service - (CNSNews.com) - Four major banks, including one that collapsed, two that received federal bailout money and one that filed for bankruptcy this past September, paid former President Clinton $2.1 million for 13 speeches he delivered on their behalf between 2004-2007, according to Senate financial disclosure statements filed by Sen. Hillary Clinton (D-N.Y.). Citigroup paid Bill Clinton $700,000; Goldman Sachs paid $950,000; Lehman Brothers paid $300,000 and Merrill Lynch paid $175,000 to the former president for speeches during that time period. Sen. Clinton’s 2008 financial disclosure reports are not yet available. Though some of the investment banks were able to entertain the former president more than once, each was eventually affected by the credit crunch. . . . [Full Story]

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