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July 25, 2008 10:40:17 PM CDT

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Clintons Sell Stock to Avoid Bonds

Posted Jun 15, 07 8:57 AM CDT in US,  Politics 

(Newser) – Nobody wants to see Whitewater II, least of all the Clintons. As Hillary barrels towards the White House, they've liquidated a blind trust worth $5 million to $25 million in an effort to avoid potential conflict-of-interest charges. The fund, invested on their behalf since Bill took office, included live-wire investments in oil companies, military contractors, and Arkansas favorite Wal-Mart.

Presidential candidates must disclose their assets publicly and are barred from holding blind trusts. The couple decided to liquidate—and take a serious financial hit—rather than face additional scrutiny. That's looking increasingly wise politically, the Times reports: Barack Obama's team is already circulating a memo playing off now-liquidated investments in several Indian companies and calling Clinton "Hillary (D-Punjab)."

Source New York Times

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clintons2.jpg   ((c) auburnxc)
Democratic presidential hopeful Sen. Hillary Clinton, D-N.Y., speaks during a graduates' luncheon at the Hilton Chicago Hotel on Monday, May 7, 2007, in Chicago. Clinton _ New York senator, Yankees fan...   (Associated Press)
TO GO WITH AFP STORY: US-VOTE-2008-MARRIAGE (FILES) In this...   (Getty Images)
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Barack Obama  • Hillary Clinton  • election 2008  • Bill Clinton  • presidential politics  • investments  • Whitewater  • trusts  • trust fund


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