SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (764622)8/30/2007 3:39:15 PM
From: Hope Praytochange  Read Replies (1) | Respond to of 769670
 
Clinton Defends Campaign Donations
By Michael Grynbaum

Commenting for the first time publicly about a disgraced donor, Senator Hillary Rodham Clinton sent her best wishes to Norman Hsu, the wealthy Democratic fundraiser who turned out to be a fugitive. Just yesterday, her presidential campaign was forced to give away to charity $23,000 of his tainted donations.
“Obviously we were all surprised by this news,” Mrs. Clinton said at a
Manhattan press conference this morning, where she appeared with New
York Gov. Eliot Spitzer to protest President Bush’s child health
care policy. “We will continue to analyze all contributions and take
action if that’s warranted.”
And, she added, “I wish Mr. Hsu well in dealing with the problems he’s confronting.”
Mr. Hsu is the New York businessman who once occupied a
vaunted place among the Democratic fundraising elite. It was revealed
this week that campaigning politicians weren’t the only lawmakers
seeking Mr. Hsu: the state of California issued a warrant for his
arrest over 15 years ago after he pleaded no contest to one count of
grand theft in a 1991 fraud case.
“When you have as many contributors as I’m fortunate enough to have,
we do the very best job we can based on the information available to
us to make appropriate vetting decisions,” Mrs. Clinton said. “This
one was a big surprise to everybody.”

As a number of reporters started to ask follow-up questions, Governor
Spitzer stepped in to defend his colleague.
“I don’t think we need more questions on that issue,” Mr. Spitzer
said. He noted that political campaigns do their best to vet donors,
then added: “I think it’s a fair question to ask: was Senator
Clinton’s campaign or any campaign supposed to be doing better than
the authorities in California who theoretically had an open warrant
for this guy and they didn’t do anything? Come on guys, let’s get
real.”
The Wall St. Journal first reported questionable contributions Mr. Hsu had bundled for Mrs. Clinton from several members of an extended California family. The L.A. Times first disclosed his criminal record.
Since 2004, Mr. Hsu wrote checks totaling $255,970 to a variety of Democratic candidates and committees. Our newspaper reported today that, even though he was a bundler for Mrs. Clinton, his largess was spread across the Democratic field, including $5,000 to the political action committee of Senator Barack Obama, Democrat of Illinois and a rival for the Democratic presidential nomination. (He also contributed donations totaling $23,000 to New Mexico Gov. Bill Richardson’s gubernatorial campaign.)
Several politicians have now been scrambling to scour their records, and announcing that they’re contributing Hsu-connected money to charities.