A New Scandal For The Clintons?

It looks as though Bill Clinton helped build his library, and Hillary 08 is counting on, a fellow you may have heard of, think Power Rangers and Univision, who also surfaced in a Congressional investigation into dubious offshore tax schemes.

If you Google "Titanium Acquisition Corporation TAC," you find a few curious links. One is a four hundred page government pdf dealing with a Congressional investigation into dubious off shore financial schemes: TAX HAVEN ABUSES: THE ENABLERS, THE TOOLS AND SECRECY. In part, that deals with an almost 1 billion dollar deal in which TAC was key. Added bonus, read the pdf, Rupert Murdoch and Fox come into play, too. Start reading on page 97 of the pdf for the pertinent bits.

One of the key players was major Democrat donor and major-major Hillary supporter, Haim Saban. It's thought that he may even be able to influence the election as a result of his role at Univision. See this by Ed Lasky.

I came across all this while looking into a $10 million dollar loan to the Clinton Foundation from TAC.  According to page 36 of the Clinton Foundation's 2005 IRS 990, the interest rate was below 2.5%. Saban is a good friend of the Clintons and wants Hillary in the White House:

Haim Saban, who this year led a consortium to buy Univision Communications for over $12 billion, is ... on a personal quest to put Hillary Clinton in the White House. And while raising money for Clinton’s campaign seems to be on his priority list, he’s shedding some superfluous -if more glamorous- investments. Today, Mr. Saban announced he has put his $12 million estate in Acapulco up for sale.

I wish I had a friend to loan me ten million bucks cheap. But then, I guess he could afford it, given his tax scheme.

Within weeks of the library's opening, the foundation also borrowed $10 million from Titanium Acquisition Corporation. The obscure Santa Monica, Calif., firm is connected to an entertainment industry executive who is a close friend of Mr. Clinton, Haim Saban, corporate filings show. Efforts to reach Mr. Saban for comment yesterday were not successful.

The unsecured, low-interest loan was repaid earlier this year, Mr. Rutherford said.

Comments

[Techie]

You may remember Haim Saban from his TV production company which was responsible for the Mighty Morphin' Power Rangers and it's numerous offshoots in the early 90's to the present.