Wednesday, September 12, 2007
3 Days of Piecework and Hsu Sick
The Norman Hsu Democratic campaign funding scandal continues with even more deliciously ironic revelations.
It seems Woodstock promoter Joel Rosenman might have been bilked out of $40 million by Hsu. Rosenman's firm, Source Financing Investors, gave Hsu the money to manufacture apparel in China for top designers such as Gucci and Prada, which would yield a 40 percent profit. However, the checks from Hsu's company, Components Ltd., bounced when Source Financing tried to cash them. That certainly explains Hsu's hosting of $1,000-a-plate birthday bashes for Kennedy progeny, his $400,000 in donations to Democratic candidates , and his posting $2 million bond to get out of jail.
I don't know what is better: the fact that ex-hippie Rosenman is involved in a capitalistic deal to exploit Third World workers, or the fact that Hillary Clinton, who returned a $5,000 donation from Wal-Mart last year citing "current company practices" was happy to take $850,000 raised by a felon and Chinese sweatshop promoter.