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

Tyler Durden's picture

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

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.

Lobster risotto?

But Sandler brushed aside any concerns about potential conflicts of interest.

 

“I have never asked for anything of any political person — zero requests ever,” Sandler said. “If they’re responsive, it’s because they regard me as thoughtful, and a major contributor to Democratic causes,” Sandler said, adding that Podesta “knows that he doesn’t get bullshit from me. He knows I have no hidden agenda. He knows that my values are similar to his and that we care about people and not the billionaires, even though I ended up by some crazy thing to be one.”

 

Neither Podesta nor the Clinton campaign responded to questions about the contract.

 

Herb Sandler’s Clinton-related giving picked up last December after a visit from Podesta.

 

The campaign’s finance director Dennis Cheng responded “Great!!,” calling Podesta “#ChairmanCash.”

“Chairman cash.” A new meme has just been born.

The very next day, Sandler gave $1.5 million to Priorities USA Action, to which he has now given a total of $3 million, FEC records show.

 

The family’s fortune comes from the savings and loan institution that Herb and Marion Sandler ran for decades, a bank that became World Savings. It would end up making boatloads of cash from a type of adjustable rate mortgage that other lenders would later adopt, securitize and sell in a way that some have blamed for contributing to the housing bubble that burst in 2008. Not long before the burst and subsequent recession, the Sandlers sold the bank for $25.5 billion to Wachovia, earning $2.6 billion off the sale and donating most of their net worth to their foundation. Wachovia was later acquired by Wells Fargo.

 

The Sandlers met Podesta when they helped seed the Center for American Progress, the think tank he started in 2003 as a sort of Democratic administration in exile during George W. Bush’s presidency. Tax filings show that the Sandler Foundation has donated more than $37 million over the years to CAP, which worked to support President Barack Obama’s administration but has always been seen as more aligned with Clinton.

Center for American Progress…where have we heard that before? Oh yeah, in last week’s post, Dennis Kucinich’s Extraordinary Warning on D.C.’s Think Tank Warmongers, we learned:

The self-identified liberal Center for American Progress (CAP) is now calling for Syria to be bombed, and estimates America’s current military adventures will be tidied up by 2025, a tardy twist on “mission accomplished.” CAP, according to a report in The Nation, has received funding from war contractors Lockheed Martin and Boeing, who make the bombers that CAP wants to rain hellfire on Syria.

Remember peasants, war is ok if “liberals” do it. Now back to Politico

The WikiLeaks emails reveal that Podesta and his team at the Center for American Progress discussed how to push back on scrutiny of the Sandlers related to the 2008 housing collapse. That included an October 2008 “Saturday Night Live” sketch in which an actor playing Herb Sandler thanked members of Congress “for helping block congressional oversight of our corrupt activity.”

 

Podesta wrote to his colleagues that he’d talked to Herb Sandler, and “they are obviosly [sic] upset. Weird that snl should pick them out.”

 

After doing some research, a subordinate replied that “it appears default rates on their stuff was high (herb says not more so than others) and the losses were key to almsot wachovia failure — athough herb emphasizes that they were only one of the institutions problems.”

 

Sandler told POLITICO that any suggestion that his bank’s products contributed to the collapse were “a bunch of bullshit,” pointing out that their bank used a risk-averse approach to their loans, which had among the lowest default rate in the industry.

 

But Scott Walter, president of Capital Research Center, a conservative nonprofit that monitors the giving of major liberal donors including Sandler, argued that Podesta’s newly revealed contractual relationship with Sandler stood in stark contrast to Clinton’s efforts to cast herself as tough on the financial industry.

 

“This is another instance where the Clinton campaign has been revealed to have surprising links to some of the most dubious parts of the finance industry,” Walter said.

 

The Sandlers’ philanthropy increasingly has focused on fighting financial inequality and the role of big money in politics — a subject about which Herb Sandler and Podesta emailed frequently, according to WikiLeaks.

Interesting considering he is big money in politics, and seems to have no problem endlessly cheerleading the chosen candidate of America’s oligarchs.

Sandler explained to POLITICO that during the process of working to launch the center, he realized “we had been picking his brain ad nauseum” for years without paying Podesta as a consultant — a scenario Sandler called “very unfair.” That led to the consulting contract, which Sandler cast as “a ripoff” for Podesta. “I’d pay a lot more for that advice,” Sandler said, calling Podesta “one the most intelligent, decent, thoughtful human beings I’d ever met.”

 

In March, as Clinton’s Democratic primary campaign against Bernie Sanders grew increasingly bitter, Sandler emailed Podesta just to check up.

 

“How are you?” Sandler wrote. “MIss you.”

Call me crazy, but if he was really so focused on solving income inequality why wasn’t he supporting Bernie Sanders?

But hey.

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Budd aka Sidewinder's picture

Politico was solidly in Hillary's camp

The establishment is signalling that the game is over for her

HelenStar's picture

I recommend to read this book: Man of the World: The Further Endeavors of Bill Clinton http://amzn.to/2ektY1G, which describe many processes in politics.

johngaltfla's picture

It won't matter much longer. Besides, either way, the U.S. is screwed:

IF Hillary Wins the Election…

 

IF Trump Wins the Election…
WordSmith2013's picture

Podesta is at the very center of the October Surprise.  Pooint man, as they say.

 

http://stateofthenation2012.com/?p=54331

 

This Is Why The Biggest October Surprise EVER Just Happened in 2016
espirit's picture

 

“emails illegally obtained from Podesta’s Gmail account”

Wow! That's a dumbass statement if I'd only fallen off the Turnip truck yesterday.

 

38BWD22's picture

 

 

The Podesta Group (run by John's brother Tony) is dirty as well.  They are a big & powerful lobbying firm:

http://www.podesta.com/

boattrash's picture

Trump is right. All that Hillary has done is negative. Watch this 2 min Vid of Syria before and after Hillary...

https://twitter.com/MAGAPleb/status/793552919924727808

The Alarmist's picture

First of all, $7,000 is not much money ... 'tis but a gratuity!

Second, wasn't one of Google's seed investors NSA?  Yeah, I know, CIA was also a seed investor.  There is no question that CIA is in the Hillary camp, and it would seem that FBI is in the Trump camp, if we believe what is being tossed at us by the guilty parties.  The salient questions are which horse in this race might be most appealing to the NSA and whether or not they would back that preference up with strategic leaks at this juncture.

willwork4food's picture

Lol. $7k/month is a shitload of money to me and my family. We both work our asses off and don't make that.

onewayticket2's picture

was reading wikileaks about his brother's apt on Park.  $4.9MM.  thinking....how do these politicians afford that kind of place....??

Love,

Chelsea's $10,000,000.00 apartment.  

boattrash's picture

USisCorrupt, Good find. Thanks.

847328_3527's picture

"You are under arrest. You have the right to remain silent..."

 

That's what SHOULD be happening to these criminals.

Creative_Destruct's picture
)

The self-identified liberal Center for American Progress (CAP) is now calling for Syria to be bombed, and estimates America’s current military adventures will be tidied up by 2025, a tardy twist on “mission accomplished.” 

The 100 Years War, the 30 Years War, and now??? ....The 25 Years War?... The FOREVER WAR ( apologies to Joe Haldeman)?

AND all this promoted by the left wing PROGRESSIVES....under the umbrella of the NEOCON philosophy, and in a bizzare alliance with right wing neocons, with the common ground of warmongering self-righteousness.

Self-righteous arrogance and hubris make for straaaaannnnge bedfellows.

johngaltfla's picture

The Podesta Group is a subsidiary of the Qatari/Saudi whorewhouse of lobbyists in DC. But don't expect McCain or any other Republicrats to come clean on that either. They are afraid that after the election, Podesta's emails involving them and the Gulf Cooperation Council hit the public airwaves.

Chris Dakota's picture

They are all monsters, including Huma.

Everyone in their orbit is.

Creative_Destruct's picture

And to think this rent-seeking, morally decrepit, douchebag Podesta is a fellow alumnus of a college I attended long ago. Glad I transferred.

PhattyBuoy's picture

The rabbit hole is a black hole.

The event horizon will suck you in & never let you out ...

PhattyBuoy's picture

Technically, November 1st surprise ....

Is Podesta pissing himself right now !

 

I wonder if there is an Email on Weiner's laptop between Hillary & Podesta about erasing her Server ....

Akzed's picture

Mmmmm no to 90% of that shit.

Hohum's picture

The only way the USA isn't screwed is if it listens to you!

wren's picture

OMG this shit just won't end! 20 years of dirt and we've only begun to sift through it!

Croesus's picture

Podesta...what a piece of shit family.

Lumberjack's picture

What the fuck does he have hiding offshore? Take away that pricks passport NOW!

 

http://www.marketvisual.com/Search/Results?searchString=John+podesta

dexter_morgan's picture

Uncovering all this corruption may be Trumps greatest service to US

 hopfully followed by his draining of tha swamp

The Alarmist's picture

Yeah, if this were the Jebster, on November 8th at roughly 10pm we would be hearing a gracious concession speech in English and Spanish.

medium giraffe's picture

gonna need a bigger drain

a voice in the wilderness's picture

Johnny "the weasel" Podesta
according to Dr. Michael Savage, Podesta is the Heinrich Himmler of the Clinton Party 

he did a good job helping corrupt most of the media, i hope he doesn't come for the rest of you guys.

booboo's picture

For you youngsters, Podesta has been in the thick of it since before Bill was elected and was a wormy little crap weasle then and is even a bigger one today and if there ever was a man who I detested more than anyone it was this fucking shit stain and I hope I live to see the day this fucker swings from a tree.

The Alarmist's picture

Podesta's doppelganger is Mr. Mackey, the school counsellor in South Park.

Travis Bickel's picture

Selling out your country is bad, m'kay?

Withdrawn Sanction's picture

Whether Trump wins or not, Hitlery is running against the tide of history.  She is the wrong person at the wrong moment.  Doesn't mean she wont win the election by hook or crook, only that she will fail if she wins.  Couldn't happen to a nicer more contemptible piece of human detritus. 

rosiescenario's picture

As the swamp drains, its inhabitants will be exposed and should be shot on sight....

DuneCreature's picture

I wonder where John Podesta does his banking?

Hey, maybe we could check on this bank over here.

What bank would that be?

Where all of 'The In-Crowd of Thieving Billionaires' bank?

The trusted Old HSBC Bank, of course.

Hey, FBIers, better freeze those Podesta accounts before they slip off shore on ya.

FOLLOW THE MONEY.......

I present.......

The bank the FBI can't TOUCH
The FBI can not investigate anything OR anyone connected to HSBC Bank.
Why? Because.....they would need to bring money laundering charges against:
The Clinton Foundation
Bill and Hillary Clinton
Eric Holder
Loretta Lynch
James Comey
and hundreds of others...
John Cruz HSBC Fraud Interview
https://www.youtube.com/watch?v=cEoNBTakICQ

John Cruz HSBC Too Big To Jail Interview
https://www.youtube.com/watch?v=R5Y4UGPQTLg

HSBC = The Bank of Tax Cheats
https://www.youtube.com/watch?v=Ksy-DYhgilo

The Clinton Charity Scam
https://www.youtube.com/watch?v=B6NC25J4vtI

Billions and Billions of USD pass through HSBC daily headed for one black hole or another. ..... Some of the black holes have names like James, Hillary, Eric, Bill, Kiddie Banger Island LLC, Chelsea, FBI Police Ballet School Fund, George, Nelson, Loretta, GoofyGolferGuy, MickeyMoosePedo Fan Club Fund, TowelHeads Inc, etc.

HSBC Is The Disney World Of Club Money Laundering R Us.

p. s. The Ass Wipes Inc tool The NSA has killed my ability to embed links. Comment if you need the missing ones and I'll give them to you sans html coding.

Live Hard, If The FBI Had A Follow The Money Team They Would Be On Sick Leave Until A Week Before Retirement And Barely Miss The Bad Guy's Money Again, Gosh Darn it. Die Free

~ DC v3.0

espirit's picture

@D.C.

I'd vote you lead lawman.

DuneCreature's picture

Well, thanks for the offer. (Well, ok, single vote! ) ... Lot's of responsibility goes with that slot. I was hoping to hit retirement in a few years and do a little fishing.

The first order of business is to get the system jerked away from the criminal cartel in the driver's seat now. ... Weed out the thousands of strands of bad fiber and see what kind of blanket we have left to work with.

Let's see how many of us live through that process and IF I survive that dangerous clusterfuck I'd consider a temporary advisory spot at whatever we decide to call the new and improved LE division. ...... The FBI has pretty well ruined that name for keeps as far as I'm concerned.

But as soon as things are on the right track I'm going a loooonnnng extended fishing expedition. ... No if, ands, buts or maybes.

Live Hard, LE Is For The Young Bucks With Integrity and Dedication To A Life Of Sevice, Die Free

~ DC v3.0

Lynx Dogood's picture

They have already moved most of the money. The foundations and trusts are set up in a way that the money can't be touched. Guess who wrote the rules?

DuneCreature's picture

The funds do seem to do a certain amount of frenzied churning on and off shore, don't they.

Live Hard, Got To Work In Those Banking Fees Or Are They Banking Flees Or Maybe They're Just Banker Fleas On Old Overworked Moldy Money, Die Free

~ DC v3.0

Boca's picture

this just continues to show not one of these a$$holes has a single American (other that their inner circle) in mind when they do their work.  One of DJT best point is he said, any deal I do will have the pass the "is this good for America and it's people" 

new game's picture

this is the tip of the iceberg and goes for both parties. don't even defend the corrupt muther fucking republicans. they are both mutherfucking kikers fucking every john dick and harry plus jane and spot.

yea, they are fucking the dog too!

Squid Viscous's picture

the Podesta brothers, very close to the front of the line for

the hanging tree

Bay of Pigs's picture

"We'll give you a fair trial before we hang you"

Judge Roy Bean

nbk5ied's picture

Trust Hillary!

Spungo's picture

Ties to financial crisis? That sounds as vague as "lawmaker" when describing a council member of a small town.

Omega_Man's picture

oh big deal.....bill and hill made 250m  by speaking

Squid Viscous's picture

Debug script. again?

now they are getting desperate,

 

rosiescenario's picture

The sheer hypocrisy of the "Democratic" party is mind boggling.....

qdone's picture

when are we gonna start loppin' off the heads and get thhe rivers of blood flowin' 

Theta_Burn's picture

Holy crap, I had an adjustable rate mortgage with world.

Rode that adjustable train all the way to Wells, Jumped ship when my bank offered 3-1/4% on a 15yr. never looked back..

But now, I feel kind of...dirty.