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How much did Goldman Sachs' CEO invest in hedge fund?: Hillary Clinton's bond with Goldman Sachs tightens
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Hillary Clinton continues to dodge questions concerning the family's relationship with Goldman Sachs.
Highlights
CALIFORNIA NETWORK (https://www.youtube.com/c/californianetwork)
5/29/2016 (8 years ago)
Published in Politics & Policy
Keywords: Hillary Clinton, Goldman Sachs, Lloyd Blankfein, Marc Mezvinsky, investment
LOS ANGELES, CA (Catholic Online) - According to The Intercept, Clinton's son-in-law, Marc Mezvinsky, joined two partners to found the hedge fund Eaglevale Partners with financial help from Goldman Sachs' chief executive Lloyd Blankfein.
Blankfein was so certain the investment would pay off that he allowed his name to be used in the fund's marketing - but it was all for naught.
The investment, which banked on the Greek recovery, resulted in the loss of 90 percent of its money and the closure of the hedge fund.
When asked how much Blankfein invested in Mezvinsky's fund, Clinton refused to answer.
Nick Merrill, Clinton's campaign traveling press secretary, simply responded, "I don't know, has it been reported?"
Mezvinsky's relationship with Sachs began when he worked with the company and started his fund with two other former employees. Though the dollar amount of the men becoming investors is unclear, the Securities and Exchange Commission disclosures indicate that new Eaglevale investors are required to deposit a minimum of $2 million.
The investment is one of many ways in which Sachs has supported the Clinton family.
Since her decision to run, Clinton has been hounded by the fees she charged for speeches as well as their transcripts but like her responses concerning Goldman Sachs, her lips remain sealed.
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