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Thread: Chelsea Clinton

  1. #1
    Blueneck

    Chelsea Clinton

    Anyone who thinks the Clintons are just regular folks should pay a little closer attention to what daughter Chelsea is doing these days. I'm sure if Hillary is the nominee the Republicans will have some fun with this.

    From 2006:

    Fresh off selling a stake to investment bank Morgan Stanley for about $300 million, Avenue Capital Group has linked up with another powerful name.
    The hedge fund, which has about $10.5 billion in assets, has added Chelsea Clinton as its newest employee, the New York Daily News reported Friday, citing unnamed sources.

    Ms. Clinton is no stranger to finance, having served as a consultant at McKinsey & Company for several years. And the hedge fund, run by Marc Lasry, is no stranger to the Clintons. Avenue co-founders Mr. Lasry and Sonia Gardner are major Democratic Party donors who have each given extensively to Hillary Rodham Clinton’s Senate reelection campaign.

    The younger Ms. Clinton is not the first in her family to enter the world of high finance: Her father serves as an adviser to billionaire Ron Burkle’s Yucaipa Companies.
    Avenue Capital deals in "distressed debt". This according to Wiki:


    Distressed securities



    Distressed securities are securities of companies or a nation’s central bank that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition. When it comes to fixed income, these types of securities are below investment grade, and can include corporate credit as well as emerging market government fixed income…

    When companies enter a period of financial distress, the original holders often sell the debt or equity securities of the issuer to a new set of buyers. In recent years, private investment partnerships such as hedge funds have been the largest buyers of distressed securities. Other buyers include brokerage firms, mutual funds, private equity firms, and specialized debt funds (such as collateralized loan obligations) are also active buyers.

    Investors in distressed securities often try to influence the process by which the issuer restructures its debt, narrows its focus, or implements a plan to turn around its operations. Investors may also invest new capital into a distressed company in the form of debt or equity… Investors in distressed securities typically must make an assessment not only of the issuer’s ability to improve its operations but also whether the restructuring process (which frequently requires court supervision) might benefit one class of securities more than another.
    I wonder if Chelsea's apparently open-ended leave of absence is a paid one.

    All told the Avenue Capital partners contributed at least $246,500 to Democrats in just the last few years. So it is only fitting that they should be remunerated by having the Clintons try to tank the economy.
    Chelsea’s ‘Distressed Debt’ Hedge Fund Co. | Sweetness & Light

    By the way, the above is a right wing website - not a pro-Obama one.

  2. #2
    freckles

    Re: Chelsea Clinton

    Doesn't bother me.

  3. #3
    Blueneck

    Re: Chelsea Clinton

    Quote Originally Posted by freckles View Post
    Doesn't bother me.
    Maybe that's because you're a Libertarian(ish) and you are fine with private companies making money off the government.

    It doesn't seem to bother you all if wealth is redistributed in the form of taxes as long as it goes via the stock market.

    If Avenue Capital gets bailed out by the federal government in the first term of a Clinton presidency, would it bother you then?

  4. #4
    freckles

    Re: Chelsea Clinton

    Quote Originally Posted by Blueneck View Post
    Maybe that's because you're a Libertarian(ish) and you are fine with private companies making money off the government.

    It doesn't seem to bother you all if wealth is redistributed in the form of taxes as long as it goes via the stock market.

    If Avenue Capital gets bailed out by the federal government in the first term of a Clinton presidency, would it bother you then?
    No one should be bailed out.

  5. #5
    Burning Giraffe

    Re: Chelsea Clinton

    Screw the government. More power to those who can capitalize on the federal governments corrupt system.

  6. #6
    Blueneck

    Re: Chelsea Clinton

    Quote Originally Posted by Burning Giraffe View Post
    Screw the government. More power to those who can capitalize on the federal governments corrupt system.
    You sound.....bitter.

  7. #7
    Burning Giraffe

    Re: Chelsea Clinton

    Quote Originally Posted by Blueneck View Post
    You sound.....bitter.
    really? awww, finally someone who gets me!

  8. #8
    justoneman

    Re: Chelsea Clinton

    But don't ask her about Monica because she is just a little girl and gets hurt feelings.

    She is part of a political campaign and apparently part of a graft scheme to get to the potential next President of the USA by paying the daughter to do nothing.

    I say ask her how she feels about her dad boinking the hired help in the closet with a cigar. If she does not like it say tough and ask it again. Like Bill Clinton said: "Politics is a contact sport. If you do not want to get hit do not put on the uniform." Chelsea put on the uniform. Hit her.

  9. #9
    Blueneck

    Re: Chelsea Clinton

    Quote Originally Posted by justoneman View Post
    But don't ask her about Monica because she is just a little girl and gets hurt feelings.

    She is part of a political campaign and apparently part of a graft scheme to get to the potential next President of the USA by paying the daughter to do nothing.

    I say ask her how she feels about her dad boinking the hired help in the closet with a cigar. If she does not like it say tough and ask it again. Like Bill Clinton said: "Politics is a contact sport. If you do not want to get hit do not put on the uniform." Chelsea put on the uniform. Hit her.
    I am often tempted to think of Chelsea as a vulnerable child. When her father was in office, she state she wanted to be a "pediatric cardiologist". I distinctly remember that because at the time I thought it was not only amazing she knew not just that she wanted to be a doctor, but which specialty she wanted to practice, but I was also impressed that she, a child of privilege, wanted to help sick children.

    She's certainly come a long way from that, hasn't she?

    While Obama has been grilled over his pastor, the Weather Underground, flag pins and turbans, Hillary, Bill, and now their daughter's incestuous relationship with the financial industry has yet to be brought up at all.

    Don't we have have bigger things to worry about in this county than who's a bowler and who's a wine drinker?

  10. #10
    Desidude666

    Re: Chelsea Clinton

    I think it's the organization's internal problem if Clinton is on a paid leave. I would be surprised if they didn't make full use of this possible publicity exposure. At least Clinton's working outside the family.

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