Posted on 10/17/2016 10:20:17 PM PDT by tired&retired
Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn't enough to spare him and his investors from financial tragedy.
In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses.
Clinton stepped down as secretary of state in 2013 to run for president. But newly released emails from 2012 show that she and Clinton Foundation consultant, Sidney Blumenthal, shared classified information about how German leadership viewed the prospects for a Greek bailout. Clinton also shared “protected” State Department information about Greek bonds with her husband at the same time that her son-in-law aimed his hedge fund at Greece.
That America’s top diplomat kept a sharp eye on intelligence assessing the chances of a bailout of the Greek central bank is not a problem. However, sharing such sensitive information with friends and family would have been highly improper. Federal regulations prohibit the use of nonpublic information to further private interests or the interests of others. The mere perception of a conflict of interest is unacceptable.
(Excerpt) Read more at foxnews.com ...
Why would a woman who makes millions in selling her political influence steal furniture from the State Department for her DC apartment?
This woman is sick!!!
From the New York Times: (MARCH 22, 2015)
When Mr. Mezvinsky and his partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times. Tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons.
The investors include hedge fund managers like Marc Lasry and James Leitner; an overseas money management firm connected to the Rothschild family; and people from Goldman Sachs, including the chief executive, Lloyd C. Blankfein. Some of the investors in Eaglevale have contributed campaign money to the former president and Mrs. Clinton, who is widely expected to run for president again in 2016. Some have also contributed to the family’s foundation.
Where are Marc’s emails?
This alone would sink any presidential candidate. No, wait, this one is a RAT! Never mind.....
Pathological liar and thief, it seems.
Per the NYT’s article:
There are several examples of Eaglevale investors with relationships with the Clintons. Rock Creek Group, a Washington-based investment advisory firm, placed $13 million from the California Public Employees’ Retirement System and another public pension fund with Eaglevale in late 2011 and early 2012. Rock Creek’s chairwoman, Afsaneh Beschloss, attended state dinners at the Clinton White House in the late 1990s and was a panelist in the annual meeting of the Clinton Global Initiative in September in New York. (Her husband, Michael, is a well-known presidential historian and occasional writer for The Times.)
For a brief period in 2013, after Eaglevale had been up and running for about a year, Rock Creek sublet temporary office space to Mrs. Clinton after she stepped down as secretary of state.
Mr. Lasry, a co-founder of the big hedge fund Avenue Capital and a longtime friend and financial backer of both the former president and Mrs. Clinton, said he invested $1 million in Eaglevale. In an interview in his Park Avenue office, adorned with many photos of him with the former president, he said that he recommended that his relative by marriage, Craig Effron, another hedge fund manager, also invest in the fund.
“I gave them money because I thought they would make me money,” said Mr. Lasry, whose $13 billion firm was one of the first places Chelsea worked after graduating from Stanford.
A number of other investors reached by The Times declined to be interviewed.
She probably gave him false info. /s
I’m a dunce when it comes to big finance, especially when it comes to what hedge funds do, but it seems to be pretty dumb to invest in the sinking economy of a very small, poor and over-leveraged nation with limited resources.
It’s ok.. Chelsea does it too:
In September 2015, Vanity Fair cited sources within NBC News who called Chelsea Clinton’s stint there “a disaster” and said that news of her sizeable salary for a part-time job had caused ripples in the organization:
Her stint at NBC was a disaster, perhaps because it ran so contrary to her instincts. “Most of us were baffled [by the hire], because she never even spoke to the press,” says an NBC veteran. “She’d walk by with the imperial stare, looking forward, and interacted not at all.” The feeling inside NBC was that she had been hired to maintain access to and curry favor with the Clintons. When news broke that she had been getting paid $600,000—for a part-time job—NBC staffers were appalled. Most full-time correspondents were being paid far less.
The big salary was predicated on the idea that she was already a star, and according to an insider, she started acting like one. Colleagues felt they couldn’t communicate with her directly. Instead, they had to go through her people. And she was hardly present in the office. “There was a joke inside the building that she was the ‘highest-paid ghost’ at NBC,” says a network source. It all might have been excused had she been any good. In the span of nearly three years, however, she filed only a handful of segments—all painfully stiff reports on global do-gooders, plus an attempted comic interview with the Geico Gecko.
As the insider puts it, “NBC has made a lot of bad decisions in the last few years, but hiring Chelsea has to be very near the top.”
The incestuous relationships are appalling. I pray trump can come to town and clean out the swamp.
Revenge of the Cattle Futures
Her $600,000 deal came up for renewal this year, reports Politico, but the network decided to place her on a month-to-month arrangement in case her mom, Hillary Rodham Clinton, should declare for the 2016 presidential race.
NBC News refers to Clinton as a “special correspondent,” a title best interpreted literally. What unspecial correspondent, after all, gets paid more than a half-mil to do puff stories and travel to Nairobi to check in on elephants?
“The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses.”
The Corzine trade !
She, and her family are grifters.
You would think that the SEC would stand up and conduct an audit and investigation of this....but then I guess their ethics were lost long ago.
Marc doesn’t sound like a very bright bulb
Must be doing a lot of babysitting because he hasn’t been out on the campaign trail
They trusted Merkel's corrupt government to tell the truth?
Ha! I guess there is no honor among thieves.
Rock Creek is associated with the former US Ambassador to Gabon, Joe Wilson, Elias Aburdene, and the Alamoudi clan. Wilson’s wife Valerie Plame’s employment by the CIA as a WMD analyst was used in the failed effort to impeach Cheney that only ended up nailing Scooter Libby because his recollection was at odds with that of a leftwing reporter.
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