RUSH: “Even as Jon Corzine’s MF Global was collapsing, a firm that includes former President Clinton in a senior post was raking in huge fees for public relations and financial advice. Clinton was part of a company called Teneo Holdings.” He was the CEO, the chief exec, something or other, and this outfit that Clinton was the head of was getting 50 grand a month on a retainer from Corzine because Corzine said he wanted access to Clinton’s political “family.” That’s sort of like saying you want to be in with the Gambino bunch or the Lucchese mob. He wants to be a made guy. Corzine wants to be let in, wants to do the whole blood transfer thing. So 50 grand to Clinton’s group for “PR.” How did that work out for him?
Financial advice? How did that work out for him? Doesn’t Bill Clinton have enough money? Can I turn this line around? You liberals like this line: “Doesn’t Bill Clinton have enough money?” He’s always bragging about how much money he makes and how much taxes he pays and how he’s eager and willing to pay even more taxes and Hillary Clinton does the same thing. “Doesn’t Bill Clinton have enough money?” What in the world is he doing taking $50,000 from Jon Corzine’s company — a company which, by the way, filed for bankruptcy, went belly up and commingled client money with company money trying to cover losses, and now all of that money that belonged to individuals is gone.
Yet Bill Clinton got 50 grand a month out of this operation. Now, where is anybody upset about “the appearance of impropriety” here? All we’re hearing about today is what a rotten SOB Newt Gingrich is. (New Castrati impression) “That’s right, Mr. Limbaugh! Well, you can talk about Clinton all you want but as we all know, Gingrich was involved with Fannie Mae or Freddie Mac or one of the two and took millions of dollars for historian lobbying purposes.”
Okay, fine. Then we can ask another salient question: What is it with politicians who want to constantly put their hand in the public cookie jar and pull out more for themselves? Why not, when you can get away with it? But this is precisely what happens when people have power for too long: They get financially incestuous; they pass money around for fake services. There’s no way Bill Clinton’s firm was doing PR for Corzine. If they were they need to be sued! There’s no way Clinton’s firm was offering financial advice.
If they were, they really need to be sued because look what happened to Corzine’s company! Some of the worst PR, some of the worst financial maneuvers in the history of financial maneuvers — and now we get news that Clinton was being paid 50 grand a month for giving good advice. “The relationship was controversial within MF Global even before the company’s financial problems hit the news. As executives questioned why an outside firm, Clinton’s, was needed for work that had long been done in-house.”
RUSH: No, no, no, no, no, no, no. I’m not through with this Clinton-Corzine business. If Jon Corzine were a Republican, what do you think would be happening to him about right now? If Jon Corzine were a Republican, what would the relevance of this story be in the Drive-By Media? You’ve got a miniature version of Bernie Madoff here. In addition to that, the New York Post in their story on this does say that Clinton’s outfit that was on the $50,000 retainer — by the way, Clinton’s outfit demanded $200,000 a month, but Corzine put his foot down and said, “No, I’m only gonna pay you 50 for your expertise.” New York Post says that Clinton’s outfit actually did give Corzine advice on European financial investments.
What did MF Global…? I get so distracted by the MF, I gotta be real careful. MF Global, the reason they went belly up is that Corzine invested, he shorted — no, he went long, I think — on European bonds. Yeah, with investors money, and no collateral to back it up, and the New York post says that Corzine did get this kind of advice on European financial investments from Clinton’s group. So Corzine, in addition to commingling clients’ money, out of that client money gave him 50 grand a month and Clinton’s firm is advising him to do exactly what he did which led to the bankruptcy, and now everybody on Clinton’s is saying (impression), “Hey, hey, hey, you know, it wasn’t me! Jon was just — he just — he just looked for some help out there we’re doing whatever we can.”
It’s incestuous. These people pass other people’s money around for fake services — PR, financial advice, whatever — from their stashes, gotten through taxes or fake financial companies. “Another MF employee told the New York Post that the outfit, Clinton’s bunch originally wanted $200,000 a month for its work but that was too steep a price for MF decision-makers so Clinton’s outfit served as a personal PR firm and political consultant for then MF Global CEO Corzine, the former governor and senator from New Jersey. Also offered advice,” as I just recently mentioned, “on European financial investments like the ones that ultimately led to their collapse. “In October…”
You know, this would be hilarious if it weren’t for the fact that again a number of totally innocent investors lost anything, once again at the hands of a bunch of Democrats. “MF is now bankrupt. It’s the subject of investigations by federal prosecutors and regulators,” and it isn’t gonna go anywhere because federal prosecutors and investigators work for the regime! It’s like saying Fidel Castro is gonna investigate his brother and put him in jail. It isn’t gonna happen. “Corzine himself has been subpoenaed to testify this week before the House agriculture committee, one of several Congress committees examining the company’s failure, the biggest bankruptcy since the Lehman Brothers crash. Corzine and MF Global declined comment about the Clinton deal as did execs with the Clinton firm.
“Clinton spokesman Matt McKenna said, ‘President Clinton does not advise clients on the firm’s behalf. Clinton does make money from the firm, but he has declined to disclose the sum.'” Okay, so they’re admitting that some of the 50 grand ends up in Clinton’s back pocket, but doesn’t Bill Clinton have enough money, Democrats? Doesn’t Bill Clinton have enough money, my good friends on the left? Why does he have to keep sticking his beak in every Democrat operation? What’s he running, a protection racket?
I mean, Corzine said he wanted an in with “the Clinton political family.” What are we talking about here? I’m sure Bob Torricelli would love to have an in with the Clinton political “family,” but it didn’t work; and I’m sure at one time Andrew Cuomo would love to have had an in with the Clinton “family.” “Corzine’s ties to Clinton’s firm are not so much the result of his relationship with Clinton as one of the firm’s top executives, Tom Shea, according to sources.” So that’s that. “On October 25th of 2011, MF Global reported a $191.6 million quarterly loss as a result of trading on European government bonds,” and that’s what caused ’em to go Chapter 11.
RUSH: Snerdley, did you think maybe when Clinton was asked to join MF Global he thought it was BJ Global? What could explain this?