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Thursday, November 03, 2016

"Chairman Cash": John Podesta Paid $7,000/Month By Foundation Run by Banker With Ties To Financial Crisis

Last Friday, I published a post titled, John Podesta’s Sister-in-Law Lobbied For Raytheon While Hillary Was Secretary of State, which understandably got totally buried in the madness surrounding the latest FBI news. Here’s the first paragraph of that post:

The Podesta family seems particularly adept at earning extraordinary sums of money via selling out the American public. Earlier this year, I highlighted how John Podesta’s brother Tony was paid $140,000 per month by the medieval monarchy of Saudi Arabia. After all, who cares about women’s rights when the pay is good?

Indeed, it’s not just relatives of Podesta who know how to rake in the cash. John is no slouch either, as Politico explained in an article published earlier today.

Here are a few excerpts:

Hillary Clinton’s campaign chairman, John Podesta, last year signed a $7,000-a-month contract with the foundation of a major Clinton donor who made a fortune selling a type of mortgage that some critics say contributed to the housing collapse, hacked emails show.

In February of last year, as Podesta was working to lay the groundwork for Clinton’s soon-to-launch campaign for the Democratic presidential nomination, he signed the contract with the Sandler Foundation, which was started by Herb Sandler and his late wife Marion Sandler.

The contract — a copy of which was included in emails illegally obtained from Podesta’s Gmail account and disseminated Monday by WikiLeaks — is still active, according to Herb Sandler, who said that it calls for Podesta to provide advice on grant-making and other foundation functions.

It’s unusual for the full-time chairman of a general-election presidential campaign to maintain an active side deal with a major donor to that campaign — let alone to raise money from that donor for the campaign.

The WikiLeaks cache shows that Podesta provided Sandler with philanthropic advice and assortments of cheeses and pastas as gifts on the holidays, while Sandler offered all manner of political observations and once tried to get Podesta to arrange for former President Bill Clinton to write a blurb for a book written by one of Sandler’s friends.

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