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Bill Clinton Severs Business Ties With Billionaire Buddy Burkle

Bill Clinton Severs Business Ties With Billionaire Buddy Burkle

Excerpt:
"Bill Clinton has severed business ties with Los Angeles billionaire Ron Burkle, fearful that their deals could erupt into bad publicity damaging his wife's presidential bid, according to sources who know both men....

But it was how the funds earned their money - or, on occasion, lost it - that reportedly made Clinton skittish.

The crucial development, sources said, was the September 26 publication of a front page Wall Street Journal article detailing some of Yucaipa's questionable dealings. The story, which broke on the same day that heads of state and business leaders convened to discuss the Clinton Global Initiative, detailed how a young Italian businessman had convinced Burkle and a Clinton aide to invest millions of dollars in a poorly run church-property buying venture.

Clinton, according to sources, considered the piece a major embarrassment and decided to withdraw from Yucaipa."

http://www.huffingtonpost.com/2007/12/12/protecting-hillary-bill-_n_76529.html

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