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.
No comments:
Post a Comment