A firm in which Bill Clinton plays a senior role, Teneo Holdings, reaped at least a half million dollars from John Corzine’s recently collapsed MF Financial, the New York Post reports.
I mean, you know Bubba. I know Bubba. How long before Bubba lands himself in some really hot water again?
According to the Post:
The relationship was controversial within MF Global even before the company’s financial problems hit the news as executives questioned why an outside firm was needed for work that had long been done in-house.
“I don’t know what they did,” one MF source said. “It was always unclear.”
Teneo served as a personal p.r. firm and political consultant for then-MF Global CEO Corzine, the former governor and senator from New Jersey. It also offered advice on European financial investments — like the ones that ultimately led to MF’s collapse in October.
Clinton’s people are denying that he advised MF and say he “did not profit” from the arrangement. I mean, I guess that depends on the definition of “profit.” He makes money from Teneo generally.
Corzine and the former president have been close for years. Clinton campaigned for Corzine repeatedly and Corzine, in turn, became the first sitting governor to endorse Hillary Rodham Clinton’s bid for the presidency when she ran in 2008.
I don’t see any denial that Clinton greased the wheels for the deal to be struck.
The man is always at the White House. His wife is secretary of state. I say Obama should thank his lucky stars Clinton hasn’t introduced some kind of Slick Willie infection into Obamaland. Not that we know of, anyway.