What can I say, except, they knew all along…they just didn’t bank on getting caught:
“In light of recent events and allegations that Mr. Norman Hsu engaged in an illegal investment scheme, we have decided out of an abundance of caution to return the money he raised for our campaign,” Clinton spokesman Howard Wolfson said in a statement Monday night. “An estimated 260 donors this week will receive refunds totaling approximately $850,000 from the campaign.”
Wolfson said the Clinton campaign also will vigorously review its fundraisers, including thorough criminal background checks, in the future. “In any instances where a source of a bundler’s income is in question, the campaign will take affirmative steps to verify its origin,” he said.
From Allah:
Flip Pidot’s been all over this angle since the beginning. Even for the Clinton machine, $850K is a lot of beans; they must have it on pretty good authority that most, if not all, of Hsu’s bundles are laundered. Otherwise, why not wait until the DOJ investigation is over to dump it?
Go ye and read if you missed this one Saturday night. Today’s word of the day is “Ponzi.”Update: Ben Smith questions the timing. For once, so do I.
Michael Dukakis said the fish stinks from the head first. The investigations for crimes ought to start with Hillary.