Clinton campaign chief rakes in $7K a month from key donor
The man running Hillary Clinton’s campaign is getting paid to advise a foundation run by a key Clinton donor, hacked WikiLeaks emails show.
John Podesta, who draws no salary from the campaign, is making $7,000 per month from the Sandler Foundation, run by Herb Sandler, Politico reported.
The arrangement is not normal practice for political campaigns, though campaign members are not required to disclose their financial relationships.
Sandler insisted his close relationship with Podesta has not helped him or his business politically.
“I have never asked for anything of any political person — zero requests ever,” Sandler told Politico.
“If they’re responsive, it’s because they regard me as thoughtful, and a major contributor to Democratic cause … [Podesta] knows that he doesn’t get bulls–t 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,” he added.
The Sandlers ran World Savings Bank, which was sold to Wachovia in 2006 for $25.5 billion and which was accused of offering adjustable-rate mortgages that contributed to the housing collapse.
Scott Walter, president of Capital Research Center, a conservative nonprofit, said Podesta’s deal with Sandler stood in stark contrast to Clinton’s efforts to portray 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.
Sandler insisted that any suggestion that his bank’s products contributed to the financial crisis were “a bunch of bulls—t,” saying his company had among the lowest default rates in the industry.
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