Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Bill Clinton, Ron Burkle, Cayman Islands Tax Haven and America
5 April 2008 | Vanity

Posted on 04/05/2008 7:53:51 AM PDT by shrinkermd

I note from Bloomberg News that last year the former president received 2.8 million from a partnership with Ron Burkle. There are actually three Cayman Island accounts that Burkle pays Clinton from. To date, former President Clinton has received 15.5 million from Burkle's efforts. The link for this information can be found: HERE.

Wikipedia describes the Burkle and Clinton Cayman Island relationship as follows:

"..Recent calls for the release of Senator and presidential candidate Hillary Clinton and former president Bill Clinton's tax returns have brought to light the fact that President Clinton is expecting a $20,000,000 payout from Burkle's supermarket holding company [14]. Questions raised about the Clinton's financial dealings with Yupaica include whether or not Bill Clinton has direct investments in the tax shelters, whether he pays full U.S. income tax on the profits from those investments, why the Clintons first claimed the holdings were in Los Angeles and not the Cayman Islands, and how Hillary Clinton, an opponent of offshore tax havens, can rationalize her husband's alleged offshore business dealings with her public opposition to the practice...

Essentially, former President Clinton is receiving funds that were garnered in the Cayman Islands to avoid both scrutiny and taxes. It is probably true he pays income taxes on money paid to him; but these sums are being earned tax free.

Finally if you want a short summary of Burkle, again from Wikipedia, it is:

"...Ronald W. Burkle (b. November 12, 1952 in Pomona, California) is a Los Angeles based billionaire with roots in the supermarket industry. He is often called the “Party-Boy Billionaire"[1]because of his "star" friends and the parties he throws. He also founded The Yucaipa Companies, a Los Angeles-based private equity firm, in 1986. He was once a bag boy[2] and is now recognized as one of the preeminent investors in the retail, manufacturing, and distribution industries. The Yucaipa group recently worked with The Newspaper Guild and the Communications Workers of America to explore alternatives to Rupert Murdoch's buyout of Dow Jones & Company by his News Corporation.[3]

Burkle has served as Chairman of the Board and controlling shareholder of numerous companies including Alliance Entertainment,[4] Golden State Foods, Dominick's, Fred Meyer, Ralphs, and Food4Less. He is currently a member of the board of Occidental Petroleum Corporation,[5] KB Home[6] and Yahoo![7] He is also part owner of the Pittsburgh Penguins[8] National Hockey League team, although his exact share is unknown.

Burkle is a well-known Democratic supporter and fundraiser who has raised more than $1,000,000 for the Hillary Clinton presidential campaign.[9] He has supported California State Treasurer Phil Angelides and employed former San Francisco Mayor Willie Brown, both of whom are former CALPERS board members, but has also made contributions to California Governor Arnold Schwarzenegger.[10] Robert Novak reported in June, 2007 that 98% of Burkle's $1.5 million political contributions to date have gone to Democrats. Burkle is a close friend of former President Bill Clinton, who calls Burkle's Boeing 757 private jet "Ron Air."[11] Clinton is employed by Burkle's investment firm, The Yucaipa Companies. Burkle co-hosted a fundraiser for Hillary Rodham Clinton at his Green Acres Mansion. Burkle and Steve Rattner helped finance Al Gore's cable Current TV network.[12]



TOPICS: Politics/Elections; Your Opinion/Questions
KEYWORDS: bill; burkle; calpers; caymanislands; clintonistas; fob; hillary; x42; yupaica
Note that at one time the Clintons denied they received sums from the Cayman Islands. There is something really wrong here in fact or perception; I don't know which.
1 posted on 04/05/2008 7:53:51 AM PDT by shrinkermd
[ Post Reply | Private Reply | View Replies]

To: shrinkermd
Just remember what the LSM has always told us about the Clintons.

They were never about money. They sacrificed themselves to insure a better world. Of course they never defined whose world, but that is another story.

2 posted on 04/05/2008 8:02:47 AM PDT by mort56
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

I’m thinking there is something wrong with the joke of the income tax code. Taxes: they’re for little people.


3 posted on 04/05/2008 8:05:26 AM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mort56

Re: Your point about the media; the MSM lies all the time about nearly everything. Until recently the Clintons were their own cause, many have now switched to Barry.

The media promoted and pushed McCain for the GOP nomination for six or seven years. Now that’s he’s got it they are turning from him, just as they turned from the Clintons.

Barry is their man.


4 posted on 04/05/2008 8:11:09 AM PDT by kjo
[ Post Reply | Private Reply | To 2 | View Replies]

To: shrinkermd

The Clintons are DIRTY. Anyone that doesn’t know or believe that is foolish. Power Corrupts...


5 posted on 04/05/2008 8:11:43 AM PDT by King_Corey (www.kingcorey.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: socialismisinsidious
Yes, laws and taxes are for the "little people" like us, most certainly NOT for the Clintons! Just ask Vince Foster - if you could, and Juanita Broaddrick!
6 posted on 04/05/2008 8:15:43 AM PDT by buffyt (Glowbull warming/Climate Change - the biggest hoax/fraud/deception of the 21st century.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: King_Corey

That is why they want to be PRESIDENT again, absolute power corrupts absolutely!


7 posted on 04/05/2008 8:16:13 AM PDT by buffyt (Glowbull warming/Climate Change - the biggest hoax/fraud/deception of the 21st century.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: King_Corey
Power Corrupts...

True

But I think the Clintons were corrupt BEFORE they obtained power.

8 posted on 04/05/2008 8:27:15 AM PDT by SteamShovel (Global Warming, the New Patriotism)
[ Post Reply | Private Reply | To 5 | View Replies]

To: shrinkermd

I’ll bet that 2007 tax return will really be delayed now...


9 posted on 04/05/2008 9:21:28 AM PDT by kittymyrib
[ Post Reply | Private Reply | To 1 | View Replies]

To: shrinkermd

What I would like to know is why, why do all these businesses and people shower the Clintons with all these millions of dollars for nothing? They are money magnets that suck up money from all over the world and for what?

They do not produce anything. Do they have that much political/economic power? What do these benefactors recieve for all this money?


10 posted on 04/05/2008 9:23:12 AM PDT by biff
[ Post Reply | Private Reply | To 1 | View Replies]

To: biff

Unless the queen bee wins/steals the election THEN she can shower them with favors....


11 posted on 04/05/2008 10:48:39 AM PDT by buffyt (Glowbull warming/Climate Change - the biggest hoax/fraud/deception of the 21st century.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: biff

Past favors and current connections.


12 posted on 04/05/2008 11:37:56 AM PDT by billhilly (I was republican when republican wasn't cool. (With an apology to Barbara Mandrell.))
[ Post Reply | Private Reply | To 10 | View Replies]

To: biff

What I would like to know is why, why do all these businesses and people shower the Clintons with all these millions of dollars for nothing? They are money magnets that suck up money from all over the world and for what?
They do not produce anything. Do they have that much political/economic power? What do these benefactors recieve for all this money?

______________________________________

Post 10: There are people on Free Republic who can explain this better than me. I believe this is what the Cox Report in the 1990’s was about.

YEARS AGO, the Chinese government donated money for Bill Clinton’s election — the DNC returned some of it.
THE CREEPY PART: supercomputer technology was used in both satellites and nuclear weapons technology.
BEFORE Bill Clinton was president, we would not sell this technology, which was supervised by the defense dept. AFTER Bill Clinton was elected, he put the supercomputer technology under the commerce department, and sold it to China.
NUKES: Before China got this technology, their missiles could not reach our shores. After they upgraded, their ballistic missiles were able to reach the continental USA.

Who knows what else the Clintons are involved with, and sell, and promise, for money. They are horrible people and nothing would surprise me.

The answer to your question is they are selling our country.


13 posted on 04/05/2008 7:56:29 PM PDT by Old Lady
[ Post Reply | Private Reply | To 10 | View Replies]

To: shrinkermd
. He is currently a member of the board of Occidental Petroleum Corporation.....

ALGORE has a connection to Occidental also!!!

14 posted on 04/05/2008 8:01:07 PM PDT by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson