I'm not surprised by an item I tripped over on Drudge report this afternoon, taken from the New York Post. But nonetheless, I sometimes can't believe when all the suspicions about hustlers and crooks proves correct.
Because it seems that even as Jon Corzine’s MF Global was collapsing, Teneo Holdings, a firm having Bill Clinton in a senior post was taking huge fees for public-relations and financial advice from the business.
Clinton’s office insists he didn't profit from the relationship between MF Global and Teneo, where he's chairman of the advisory board. But the company was paid $125,000 a month for at least five months in one of MF’s biggest consulting arrangements, according to sources there.
The relationship was controversial in MF Global even before the company’s financial problems became publicly known, and executives questioned why an outside firm was needed for work that had long been done in-house. One MF source said, "I don’t know what they did. It was always unclear.” Another said,“It was very controversial and other consultants we had work for us for years were upset.”
Apparently, Teneo served as a personal PR firm and political consultant for then-MF Global CEO Corzine, and also offered advice on European financial investments —like the ones that ultimately led to MF’s collapse in October.
A Clinton spokesman, Matt McKenna, said “President Clinton does not advise clients on the firm’s behalf.” Clinton does make money from Teneo, but has declined to disclose the sum.
The Post also reported that Corzine and Clinton have been close for years. Clinton campaigning for Corzine repeatedly and Corzine, in turn, became the first sitting governor to endorse Hillary Rodham Clinton’s bid for the presidency when she ran in 2008.
So, I guess the more things change, the more they stay the same. And for Corzine and Clinton its always been follow the money. So this is one more example of how they both continue to rip off anybody they can 24/7/365, using past government jobs and ties to provide them access.
That's it for today folks.
Adios
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