Clintons Sell Stock to Avoid Bonds

Couple liquidates blind trust to head off political fallout
By Sam Gale Rosen,  Newser Staff
Posted Jun 15, 2007 8:57 AM CDT
Clintons Sell Stock to Avoid Bonds
clintons2.jpg   ((c) auburnxc)

(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)."

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X