July 30, 2015

Clinton Foundation Donor UBS Benefited From Hillary Clinton’s Intervention With The IRS

This morning, The Wall Street Journal reported that as Secretary of State, Hillary Clinton took the “unusual” step of intervening on behalf of UBS, one of the world’s largest banks, to help it avoid scrutiny from the IRS.

In 2009, Clinton brokered a deal between the IRS, who was suing UBS AG to get the identities of Americans with secret offshore accounts, and the bank that allowed UBS to turn over less than 10% of the U.S. accounts.

In the years during and after Clinton’s assistance, UBS donations to the Clinton Foundation grew from less than $60,000 before 2009 to $600,000. Clinton’s personal financial disclosures also revealed UBS was Bill Clinton’s top source for speech income between 2001 and 2014, at $1.52 million.

On Fox News this morning, Bill Hemmer noted the bank’s donations increased “dramatically,” after Clinton’s intervention.

While Clinton continues to talk a big game against banks, she fails to mention the numerous banks who have donated to her campaign and the Clinton Foundation.

Clinton’s intervention on behalf of UBS is just another example of why 57 percent of voters now say Clinton is not “honest and trustworthy.”