sam's notes

notes on government, sports and popular culture

Saturday, April 29, 2006

 
....Interesting N.Y. Times article on former President Clinton and his good buddy Ronald Burkle.

The headline over the jump in the print edition says it all:

"A Friend of Bill Helps Him Help the Poor and Make Money Besides."

"Mr. Clinton's arrangement with Mr. Burkle is an unusual one for a former president, giving him the potential to make tens of millions of dollars without great effort and at virtually no risk, according to Mr. Burkle and advisers to Mr. Clinton.......

"The funds Mr. Clinton advises invest in grocery stores, retail developments and real estate in poor areas, manufacturing and distribution, and minority-owned businesses. Yucaipa has found significant growth opportunities in such areas because of the low cost of land and the relative lack of competition."

OK, so who can be against that, especially when you can make a lot of money doing it?


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