Hsustock!

Looking for the perfect scandal name for the Norman Hsu scandal? The connection noted in today’s Wall Street Journal gives a perfect opportunity to create an enduring label for the rapidly-expanding scandal behind one of the Democratic Party’s biggest fundraisers. The apparent con of Joel Rosenman, the man behind the Woodstock concerts in 1969 and 1994, makes this … Hsustock!
hsustock.jpg
Speaking of music, Hillary Clinton remains tone-deaf about the damage that Hsu’s money has created for her and her Democratic allies. After finally announcing that her campaign would return Hsu’s bundled donations, Hillary suggested that the recipients return the refunds:

Sen. Hillary Rodham Clinton, whose campaign is returning $850,000 in contributions linked to disgraced fundraiser Norman Hsu, indicated Wednesday that donors who contributed that money could donate to her presidential campaign once again.
“We’re not asking that that be done,” she said in a teleconference with reporters. “But I believe that the vast majority of those 200-plus donors are perfectly capable of making up their own minds about what they will or won’t do going forward.”
Clinton’s remarks were her first public comments on the affect Hsu’s unraveling fortunes have had on her presidential campaign. Hsu was a leading money “bundler” for Clinton, earning the title of HillRaiser for his fundraising activities.

For her first remarks after more than a week of silence, Hillary didn’t prepare very well. The exposure of Hsu’s machinations make it very likely that the money didn’t originate with the contributors. Rosenman’s missing $40 million he gave to Hsu. Why would she ask people who could have participated in a fraud to continue associating with her campaign?
She obviously still doesn’t realize all of the implications of the scandal. Those donors may need the money for legal retainers. Someone had better start explaining it to her. Is it possible that no one at the Clinton campaign understands that this might be stolen money?

38 thoughts on “Hsustock!”

  1. Cap’n Ed: She obviously still doesn’t realize all of the implications of the scandal. Those donors may need the money for legal retainers. Someone had better start explaining it to her. Is it possible that no one at the Clinton campaign understands that this might be stolen money?
    I think she understands that she, her dirtbag husband and almost all their sleazy minions got away with similar antics during the ’90s, with the MSM providing gleeful cover (cue James Carville, please). Why on earth should she think that she won’t get away with it this time?

  2. Hillary best be careful here… these proxy donors are already at risk of being brought into a money laundering/RICO case. If Hillary’s campaign returns the money only to have it re-gifted, not only does it not make it clean money, it could very well open the campaign to the same risk… she and everyone involved could be defendents in a money laundering/RICO case.
    I say this as a non-lawyer who apparently has more common sense than the lawyers on her staff.

  3. Hillary Clinton; meet the new media…
    If Charles Johnson decides to investigate this scandal, Hillary will quickly find out just how the new media busted the slime bucket – Dan Rathers / Rathergate. Charles, if you’re out there, get on this one ol’ buddy… Give this slime bag hag her proper introduction to the new media. Bill Clinton laughed at the citizens of America, knowing dang well that the MSM would cover his back no matter how big the scandal; no matter how damaging to the country. Those days are gone, the new media is the new truth detector.
    In the past few years, I have introduced hundreds of friends and neighbors to blog sites such as CQ. I’m sure you all have done the same. The word is spreading; there are several new sheriff’s in town.
    Rock on CE; job well done as usual.

  4. “Is it possible that no one at the Clinton campaign understands that this might be stolen money?”
    They’re well aware.
    They’re also confident that the MSM will spike this story. As long as the Dems are in charge of Congress and the media, nothing will happen.
    The good news is that their control over both will come to an abrupt end in 2008. They’re not counting on loss of control of the media due to the rapid movement of blogs making the media irrelevant, breaking the REAL news of the day to the whole world, such as our growing success in Iraq.
    When the MSM fails to matter anymore, when the blogstorm brings the truth about Iraq to America, they’ll toss the Dems out for good.

  5. Lightwave said:
    “The good news is that their control over both will come to an abrupt end in 2008. They’re not counting on loss of control of the media due to the rapid movement of blogs making the media irrelevant, breaking the REAL news of the day to the whole world, such as our growing success in Iraq.”
    I hope you’re right, but I don’t see it happening that quickly. After all, the same thing was said in 2006, yet the “old” media managed to hand Congress to their people, by using the disgraceful actions of the Washington Post re. “Macaca”, not to mention the Foley story, and faking polls (CBS was busted several times for oversampling Democrats by 14 points on their “polls”)

  6. Norman Yuan Yuen Hsu sat on the board of trustees of the liberal New School university in New York with former Loral Corp. head Bernard L. Schwartz, who was allowed to transfer restricted satellite and missile technology to a People’s Liberation Army front after contributing a record amount of cash to President Clinton’s 1996 campaign.
    Last November, Schwartz and Hsu chaired a New School banquet at the Mandarin Oriental in New York which featured Sen. Clinton as keynote speaker. Clinton steered a $1 million federal grant to the college.
    More recently, Schwartz and Hsu appeared together at the New York Yacht Club for Democratic Rep. Patrick Kennedy’s 40th birthday bash…
    All told, 22 Democrat donors were convicted in the Chinagate probe, which the Justice Department officially closed a few years ago.
    Tip Hat to Gateway Pundit
    Re: Hsu-nami News: Norman Hsu Linked to China Missile Trader
    http://gatewaypundit.blogspot.com/2007/09/hsu-nami-news-norman-hsu-linked-to.html
    September 11, 2007:
    France, Germany, Britain and the United States have all reported major hacker attacks on their computer networks, and all the attacks have been traced back to China… These were deliberate efforts to get into specific military and government networks, and transfer classified documents. Hundreds of gigabytes of material was sent back to China.
    http://www.strategypage.com/qnd/china/articles/20070912.aspx
    (US China Relations: Recent News)
    Hillary campaign was notified in June of suspicions about Hsu. The party official passed Cassidy’s concerns to Samantha Wolf, who rejected them.
    On June 20, Cassidy sent an e-mail directly to Wolf.
    “I am more than ever convinced that a man claiming to be a big fundraiser for Hillary Clinton is running a Ponzi scheme,” he wrote. He said he feared that an associate “may lose her home” because of her participation in the scheme and cautioned Wolf that Hsu may be “using your good name in vane.”
    Cassidy said Wolf did not respond to the e-mail warning.
    http://sandiego.craigslist.org/pol/420080163.html
    As predicted: Mr. and Mrs. Clinton said they knew nothing…..

  7. Under a million-dollars, isn’t a lot of money to Hillary.
    And, the aparatus she’s running, to get the 2008 Bonkey nomination; has run into “AN INSIDE JOB!”
    You can’t fool me.
    Hsu is the bait. And, he got caught; in spite of his $2-million bond. (Which is forefitted now, just the same.)
    And, his capture?
    It didn’t sound to you like he “wasn’t traveling alone?” Somebody could’a given him bottled water that had medications in it, that made the man flip out. Flip out, he did.
    Now, how do set up’s like these get played out?
    Can Hillary still hold onto her lead?
    Perhaps, only because you’re focussed on Obama; you think she’s a shoo-in. Hsu out. (Hsu is pronouned “shoe.”)
    We’re just watching this stuff in slow motion.
    Once the Internet got the upper hand; what the enemy-media does … is build their fires with very little smoke. They attempt to harness the news … and, the tidbits are theirs.
    Often, they are then just over-run.
    What’s behind a distaste for Hillary?
    Hmm?
    Isn’t it possible, if you know of your own gut reaction; that this would be “common-place?” Common enough that it doesn’t just affect people way off on the right.
    If you were stuck in the enemy-media; and you saw how DRUDGE# built his case against Clinton. (Because … yada, yada, yada, “the powers that be” spiked Isakoff’s story). Where would you be now?
    You’re in the midst of lots of silence, friends. In other words? The whole BDS dialog’s gone out the windah. As you can tell, when you look to see people showing up at the Code Pink parades. And, then don’t! NOT EVEN DRAWING CROWDS IN SAN FRANCISCO.
    How do I know? Charles Johnson, of Little Green Footballs, ran the post. And, the photos. My computer did the rest.
    Does my jaw drop open? No. But my anger levels at the freaks in DC. And, those communists that support them, grows and grows.
    Check your garden when you see the flowers bloom. Because you get lots of growth without any noise at all.
    What’s my proof that “something’s up?” Well, I saw the quick moves that took Howie Dean, who had connected well with the Bonkey base; and tossed him overboard. Off. The nomination stage. (As if John Kerry was a better choice!)
    Hello. Since John Kerry wasn’t a better choice. And, since Obama isn’t gonna bring revenge fantasies to life. Alas, the blacks will have to make do with OJ’s jurors …
    What’s probably going on is not getting reported.
    Not that you have to teach enemy-media journalists to shut up. For a time, folks, they couldn’t even spell L-E-W-I-N-S-K-Y. Who knew the President got pizza deliveries, late at night? To the Oval Office. Who even knew Monica could be successful? You’d donate, if she turned around, and whipped out her jockey strap?
    One of DRUDGE’S funniest lines, (from back then), is that the first lady didn’t know!
    So, I’ll repeat that.
    The most striking things happen in her house, and she doesn’t find out about it at all.
    No one wants to tell her she’ll get nominated when pigs fly.

  8. Priceless

    If you have been following the story on Norman Hsu, (heck, even if you haven’t), you must go to Captain’s Quarters and treat yourself to what may become a priceless work of art. Well done Captain Ed. (Oh, and the post was great too!)

  9. Toledo Blade is already spinning this as:
    “This isn’t an example of the moral or ethical failings of Democrats; it’s an example of the failings of a campaign-finance system that makes it necessary for candidates to come up with literally hundreds of millions of dollars to become president.”
    We need public financing! (NOT)

  10. Who in their right mind would want anything to do with this money? She’ll take it back if they can show it came from their own bank accounts originally? That’s step one in money laundering, Senator. Take dirty money and start the cleaning process by depositing it in an otherwise legitimate bank account. The deposit proves absolutely nothing about the original source of the money.
    And she can’t need this money that bad. Brazen, totally brazen. Some cojones!
    And I don’t know how soon this story is going to fade. It depends a little I think on just exactly who Rosenman’s investors are and how willing they are to eat this loss. $40 Million is a lot of green. Unless Rosenman is in a position to cover this out of his own pocket, I’d have to think there will be some civil suits in here somewhere. He gets sued, maybe he has a new and different story to tell.

  11. Gangsta Rat Hillary and the Summer of Bribes.
    Peace, love, body odor, unwashed hair, black porcine pantsuits (Viet Cong pajamas), ample cellulite and pay to play.

  12. If they return the money, some of them may violate finance laws. Not to mention, that if Hsu stole the money and gave it to these people to donate, they may be tempted to keep it. It is found money for them.

  13. The HSU crime (ChiCom) money is a drop in the bucket compared to the millions of dollars in stolen money passed to the democrats by another wanted criminal, Soros, and MoveOn.org. Ask the French where he got his money. Better yet, send him to France and see when or if he comes back. There is a prison cell waiting for him and it’s all about stolen millions. Convicted criminal on the run, adopted by the democrats just like Hsu. Slick and Shrillary have been (known) criminals for over 30 years and still the ‘democrats’ in this country bow and kiss their a**. Na, there’s nothing wrong with this picture if you’re severly retarded.

  14. Why hasn’t the federal authorities siezed this money? Does Hillary’s attorneys think they launder this money right under everyones noses?
    Is this what we can label “Presidential”?

  15. This is not “stolen money”.
    In the past, the Dems to took large soft money donations which has now been made illegal. Nonetheless the Dems still are taking in large chunks of money. They simply have laundered the money from their wealthy benefactors through several third party “average citizens” under this so-called Ponzi scheme. They want to now claim that Hsu was conning the investors but he was simply laundering the capmpaign contributions.

  16. I agree with PK. This is laundered money, not stolen money. Other than over-the-limit contributions from wealthy donors, it’s possible a good portion of this money is courtesy of Red China. But stolen? Probably not.

  17. Oh, where, oh where are Teresa, filistro and dave tonight? Odd that they haven’t checked in yet. Not got your talking points from the dem spin machine yet? I’m seriously waiting to see how they handle this.

  18. The amount of money Norman Hsu raised for the Democrats continues to be a mystery. Just like the source of all this political cash and the reasons behind his purchase of access to the top Democrats in the country.
    Originally, reports put Hsu’s contributions to all campaigns at something like $600,000. Originally Hillary’s campaign decided to give about $23,000 to charity, this being the amount they claim that Hsu gave directly. They have now upped the ante to $850,000.
    Sen. Hillary Rodham Clinton’s presidential campaign said Monday it will return $850,000 in donations raised by Democratic fundraiser Norman Hsu, who is under federal investigation for allegedly violating election laws.
    Clinton, D-N.Y., previously had planned only to give to charity $23,000 she received from Hsu for her presidential and senatorial campaigns and to her political action committee, HillPac.
    The FBI is investigating whether Hsu paid so-called straw donors to send campaign contributions to Clinton and other candidates, a law enforcement official said Monday.
    All of a sudden the Clinton camp blows past the $600,000 discussed by the media. And then of course there are the contributions to the dozens of other prominent Democrats.
    Before this is over the “hundreds of thousands” figure that is frequently quoted will have grown to millions.
    From the WSJ:
    A Wall Street Journal analysis of campaign finance reform records has linked Mr. Hsu with at least $1.8 million in donations to Democrats since 2004.
    I confidently predict that number will go much higher.
    Which bring us back to the question, where did Hsu get the money and why did he give it to the Democrats? Why is it important to this Chinese swindler to have Hillary in the White House and Democrats running the country?

  19. It’s unlikely that Rosenman’s firm would have invested $40 million in Hsu’s company without rigorous financial controls, audits and other disclosure requirements. No accounting nor audit firm worth any merit today would permit the attestation of Rosenman’s financials in such significant investments without full transparancy into the Hsu investment.
    While it’s possible Rosenman’s fund completely escaped oversight (at which point his investors are absolute fools and deserve an investigation into their involvement in this racket, his accountants and auditors deserve lengthy jail sentences, and he should serve out the rest of his life in a cell with Bernie Ebbers), it’s highly unlikely this is a case of unprecedented mismanagement. It’s also extremely unlikely that Rosenman would have expected any other use of the funds than the eventual contribution of his funds to Democratic recipients (plus some expense money for Hsu and his lifestyle). What the donation was to buy should be the interesting part of this story and would earn an ambitious reporter a certain Pulitzer.
    Regarding the lack of interest in the news media in investigating these matters, their day of reckoning is coming. Corporate America has been saddled with Sarbanes-Oxley, GLBA and numerous other regulatory controls which the media was implicit in the regulatory process. If the media continues its own uncorrected corruption, it will certainly face its own regulation and external oversight in the very near future. Already there is some interest in professional certification requirements for journalists, educational standards and requirements for the journalistic practice, and punitive measures for those who violate ethical and professional standards.
    In other words, if the media can’t self-regulate, controls that are less favorable will be imposed upon them from outside.

  20. Republican Presidential candidates I am waiting to hear from you. Hillary offers up a softball pitch, is there one of you out there worth my vote that will hit at least a double.
    To hell with the new tone it doesn’t work . Bit– slap the witch, hard, she’s beggin for it. Hit the crooks where it hurts in their deep pockets.
    Come on candidates I made the popcorn I’m waiting for a show. Treat her like Bill would she likes it.
    If you want my vote go for the throat. OK a little praise. Good start Rudi, on calling the hag on disrespecting the Honorable General Petraeus.
    How would she know if he’s being dishonest Monicas’ boyfriend has been dishonest their entire marriage and she a.) was so dumb she didn’t know, or b.) knew and didn’t care.
    I want to hear one of you Candidates try that one the oinker, come on show us you have bigger ones than Hill.

  21. BUHAHAHAHHA!!!!
    Hsu who? Compared to Bush and Cheney this guy has about as much exposure as the greeter at your local WalMart.
    The American People will only remember the 3000+ body bags the Republicans have gleefully filled in Iraq.
    We liberals are preparing the re-education camps as we speak. Pack up the wife and kiddies y’all.

  22. HRH:
    “We’re not asking that that be done,” she said in a teleconference with reporters. “But I believe that the vast majority of those 200-plus donors are perfectly capable of making up their own minds about what they will or won’t do going forward.”
    You know, I saw that movie too. Sounded better in it, too. Classier, I guess: “Do me this favor. I won’t forget it. Ask your friends in the neighborhood about me. They’ll tell you I know how to return a favor.”
    ( http://www.imdb.com/title/tt0071562/quotes )

  23. Writes Scrapiron:
    “The HSU crime (ChiCom) money is a drop in the bucket compared to the millions of dollars in stolen money passed to the democrats by another wanted criminal, Soros, and MoveOn.org. Ask the French where he got his money. Better yet, send him to France and see when or if he comes back. There is a prison cell waiting for him and it’s all about stolen millions. . .”
    Do you have any evidence for this? If so, why isn’t the blogosphere all over it? Where is Soros? Wouldn’t the French be able to extradite him? What about Interpol?
    /Mr Lynn

  24. Hillary ignored warnings on Hsu

    The Hsu fundraising scandal is sticking to Hillary Clinton’s campaign, although the scam artist also gave considerable sums to other Democratic candidates and the DNC as well. Hillary’s campaign was…

  25. From the security perspective for Senator Clinton, who is letting wanted criminals up close and personal with the Former First Lady. Does anyone vet who gets to come to the fund raising events, who gets to stand beside and have their picture taking. It seems that professional security would have tipped off Sen. Clintons staff that Hsu was a wanted man.

  26. I’m still voting for “LaunderGate” for this’n. It’s fun watching Hillary commit political Hsuicide, even if she is the terminator and capable of sustaining ludicrous amounts of head trauma before expiring.

  27. I have no significant doubt that the Clinton campaign folk know far more about this money’s origins than anyone else shniffing around for a story. I can’t imagine that they negotiated the payments (and whatever quid pro quo is to come with them) and assited Hsu in the donation distribution scheme without knowing where the money was from.
    They are only concerned with getting the money into such a form that it can go into the campaign coffers and be spent on the campaign. That there is a problem now only shows that there is a bit better scruitiny of funds than there used to be when the Clintons were previously doing this sort of thing.

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