Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By 21st Century Wire
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Hillary Clinton: “Victory Fund” gets Massive Cash Injection from the Hedge Fund Management

% of readers think this story is Fact. Add your two cents.


WallStreetonParade

At the Democratic debate at Drake University in Des Moines, Iowa on November 14, 2015, Hillary Clinton attempted to portray herself as the fierce enemy of hedge funds. She told the audience the following:

“You have two billionaire hedge fund managers who started a Super PAC and they’re advertising against me in Iowa as we speak. So they clearly think I’m going to do what I say I will do….”

But two hedge fund billionaires backing a Republican candidate pales in comparison to the tens of millions of dollars flooding into Hillary Clinton’s campaign from other hedge fund billionaires – including money flowing into a joint fundraising committee called the “Hillary Victory Fund” that is sluicing money to both Hillary’s main candidate committee, Hillary for America, as well as into the Democratic National Committee and 33 separate state Democratic committees, which has some observers crying foul.

A recent article at CounterPunch, which questioned the ethics of the arrangement, quotes Paul Blumenthal, campaign finance reporter for the Huffington Post, as follows:

“It is a highly unusual arraignment if only because presidential candidates do not normally enter into fundraising agreements with their party’s committees until after they actually win the nomination. And second, Clinton’s fundraising committee is the first since the Supreme Court’s 2014 McCutcheon v FEC decision eliminated aggregate contribution limits and congress increased party contribution limits in the 2014 omnibus budget bill.”

The Democratic National Committee has come under repeated fire for showing favoritism toward Hillary Clinton’s candidacy versus that of Bernie Sanders. Federal Election Commission (FEC) filings show that the Hillary Victory Fund has given over $600,000 to the Democratic National Committee and tens of thousands of dollars each to the individual state committees that signed on to the joint fundraising plan.

Hedge funds and private equity firms are desperate to hold on to their tax perversion known as “carried interest,” which allows their winnings to be taxed at rates lower than those paid by some plumbers and nurses. In no small part, it’s how hedge fund operators ended up as billionaires, effectively subsidized by the wage earner.

Federal Election Commission records show that S. Donald Sussman, founder of hedge fund Paloma Partners, gave $343,400 to the Hillary Victory Fund while also donating $2.5 million to Priorities USA, the Super Pac supporting Hillary.

Hedge Fund billionaire George Soros donated $343,400 to the Hillary Victory Fund while sluicing a whopping $7 million into Priorities USA to enhance Hillary’s efforts to move into the Oval Office.

Jay T. Snyder of HBJ Investments, a private equity firm, gave over $300,000 to the Hillary Victory Fund.

Dozens of other hedge fund and private equity operators gave lesser amounts to the Hillary Victory Fund. For example, Scott Shleifer of Tiger Global Management kicked in $167,000 while Mark Gallogly of Centerbridge Partners anted up $66,800.

Other hedge fund billionaires have skipped the Hillary Victory Fund while writing out stunning amounts to the Super Pac supporting Hillary.

On January 11 of this year, James Simons, the billionaire founder of hedge fund Renaissance Technologies, who now runs a family office called Euclidean Capital, wrote out a single check for $3.5 million to Priorities USA.

According to the latest filing at the FEC, the Hillary Victory Fund joint fundraising committee has raised $26.9 million.

According to the Center for Responsive Politics, Priorities USA has raised $55.6 million while Hillary’s own campaign committee, Hillary for America, has raised $159.9 million.

***

Read more on the US Elections: 21st Century Wire

21st Century Wire is an alternative news agency designed to enlighten, inform and educate readers about world events which are not always covered in the mainstream media.


Source: http://21stcenturywire.com/2016/04/08/hillary-clinton-victory-fund-gets-massive-cash-injection-from-the-hedge-fund-management/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.