Clinton’s Profit from American Debt & Mortgage Crisis

DEBT INVESTMENT FIRM: CHELSEA EMPLOYER & LARGE CLINTON DONOR

• Hillary Clinton sends a hearty message about how she wants to help the American people with the mortgage crisis. However, her 27 year old daughter works at Avenue Capital in New York, a $12 billion hedge fund group. The founder is also a longtime Clinton donor.

This hedge fund company specializes in the “distressed debt market.” In other words, Avenue Capital Group profits from downturns in the economy and foreclosures and bankruptcies. Chelsea has a graduate degree and a six figure salary at Avenue Capital, so she’s clearly aware of the nature of her employer’s business.

Perhaps her aversion to the media is because she doesn’t want this question popping up?

Diane Francis calls her a “Wall Street understudy to hedge fund pirate Marc Lasry of Avenue Capital” and says,

Marc’s a big Clinton donor (no surprise there) who is also allowing Chelsea to book off time to stump for [her mother]. Avenue Capital and Mr. Lasry are fans, and beneficiaries, of the sub-prime and mortgage mess which has plagued the world economy and ruined many American families and neighborhoods. And of the current mortgage market turmoil, Mr. Lasry was quoted recently as saying it was simply “great” for business.

Is Chelsea in favor of her firm making millions at the expense of sub-prime failures and bankruptcies? Moreover, if the Clinton’s help stop the sub-prime mortgages and debt situation, how ever will they get all those hefty contributions?

• Click here to see some of the $115,000 worth of contributions given to Hillary Clinton’s Senate and Presidential campaigns from friends at Avenue Capital as listed by the Federal Election Commission.

On her website Hillary Clinton says: Wall Street not only enabled reckless mortgage lending, it encouraged it - 1.8 million home foreclosure notices have been filed this year, a 74% increase from 2006. Now it’s time for lenders, homeowners and investors to come together to solve this crisis and stem the tide of foreclosures.

• Investors…? As in private investment hedge fund firms that employ your daughter and contribute heavily to your campaigns?

Well at least we know the Clinton’s are working for our interests from the inside.