Bill Clinton has a secret "pass-through" company named WJC, LLC. WJC, of course, is the former president's initials, William Jefferson Clinton.
"The newly released financial files on Bill and Hillary Rodham Clinton's growing fortune omit a company with no apparent employees or assets that the former president has legally used to provide consulting and other services, but which demonstrates the complexity of the family's finances," the Associated Press reports.
"Because the company, WJC, LLC, has no financial assets, Hillary Clinton's campaign was not obligated to report its existence in her recent financial disclosure report, officials with Bill Clinton's private office and the Clinton campaign said. They were responding to questions by The Associated Press, which reviewed corporate documents.
"The officials, who spoke on condition of anonymity because they were not authorized to provide private details of the former president's finances on the record, said the entity was a 'pass-through' company designed to channel payments to the former president."
Indeed, as the report details, Clinton's work for the consulting company Teneo, formed by a former close aide to the ex-president, went through WJC, LLC.
WJC, LLC was also cited by Band in a June 2011 memo sent to State Department ethics officials asking for clearance to allow Bill Clinton to advise Band's international consulting company, Teneo Strategy LLC. Band's request said Teneo would use "consulting services provided by President Clinton through WJC, LLC." State Department officials approved the three-year contract between the two companies.
None of the proposals detailed how much Bill Clinton would be paid.
While Hillary Clinton's 2011 federal disclosure report did not mention WJC, LLC, it reported that Bill Clinton received "non-employee compensation over $1,000 from Teneo," but did not disclose a more precise amount. Federal disclosure rules require the spouses of filers to disclose the identity of any income sources over $1,000, but they do not have to provide exact figures.
Hillary Clinton wants you to wish her a Happy Mother's Day -- and maybe send a few dollars her way, as well. Often, organizations that support politicians or candidates (such as the Democrat or Republican National Committees) will solicit such greetings for holidays and special occasions. But in this case, Hillary Clinton's own campaign isn't leaving it to chance.
First Lady Michelle Obama joked with David Letterman about running for president. watch here:
"I'm retiring in a few weeks," Letterman said.
"No kidding," Obama deadpanned.
"And I know that your time at the White House, in a couple of years, same sort of thing," Letterman continued after sharing a laugh. "You won't be retiring though. But do you ever glimpse down that far down the road?"
Fox News reported this morning on the latest news to come from the Clinton Cashbook:
"Another bombshell set to drop on the growing scandal surrounding the Clintons. Fox News now learning about a direct connection between money flowing to the Clinton Foundation and the effort to rebuild a devastated Haiti in 2010," said host Bill Hemmer.
As Democratic presidential candidate Hillary Clinton comes under fire for shady financial dealins, Jim Webb is calling for a "new leadership model for our country." Webb, also a Democrat, is considering a presidential run.
Legendary investor Warren Buffett was asked this morning in an interview whether he'd still bet money on Hillary Clinton being the next president of the United States. Yes, he said, he still think it's "very likely" she'll be the next president. But he warned in the CNBC interview: "things could always happen in politics, including illnesses or something of the sort."
Dozing off as we pored through a raft of mostly meaningless polls this week, we were startled awake by one set of findings. The CNN/ORC survey released February 18 was The Weekly Standard’s own little fire bell in the night.