This Is How Corruption Works: A Hillary Clinton Example

Eric Zuesse

Hillary Clinton approved the construction in South Africa of the world’s two largest coal-fired power-plants, and helped them get Export-Import Bank financing (U.S. taxpayer backing); then, some of her friends received construction contracts to build them.

This was revealed by Itai Vardi in a terrific investigative news report at the desmog blog, on March 7th. Here’s an abbreviated version of it, courtesy of that extraordinary fine news-site:

The plants – named Medupi and Kusile – were set to each emit a staggering 25 million tons of CO2 into the atmosphere a year. To help finance the Medupi plant, the South African government turned to The World Bank, requesting a $3.5 billion loan.

South Africa lobbied World Bank officials and sought to gain the support of the US government. A series of diplomatic cables from then-US ambassador to South Africa to Washington reveal a number of quiet efforts to persuade the US government to support the loan. The cables, released by Wikileaks, were written in the latter part of 2009 and early 2010, leading up to the decisive vote on the loan in April 2010. …

In late March 2010, … according to newly released Clinton emails, the South African foreign minister contacted the State Department requesting to speak with the Secretary on the phone. The emails state that the minister was specifically seeking the US government’s ‘support’ for the loan. …

Clinton said: … ‘this project is essential to deliver electricity – which I think our experts agree is right.’ …

Seven days later, The World Bank approved the huge loan. The United States, along with the UK and Holland, abstained during the vote. …

‘I am not going to give them points for abstaining. This was totally the easy way out,’ said Karen Ornstein of Friends of the Earth. ‘If the US were to follow its own clean coal guidance for multilateral development banks it would have had to vote no on this loan.’ …

To construct the Kusile coal plant, South Africa sought a different funding route, now eyeing private capital.

To this end, in 2010 Eskom solicited its main contractor for the plant, Kansas City-based infrastructure engineering and construction company Black & Veatch to apply for financing from the US Export-Import Bank (Ex-Im Bank). As an independent government agency, the bank invests in projects that guarantee the employment of American workers and suppliers.

In April 2011, the Ex-Im Bank approved the $850 million loan for the Kusile plant — again to the great dismay of environmentalists. The decision came despite more than 7,500 public comments in opposition to the project. Activists were baffled as to why the governmental bank approved the loan for the controversial project.

[PHOTO] Black & Veatch Director Parties with Hillary Clinton.

One of Black & Veatch’s directors, Harold (‘H.P.’) Goldfield, wears several other important hats.

A veteran Washington insider, Goldfield is a former Reagan-era administrator and ex-director at the Ex-Im Bank. He is currently the vice chair of Albright Stonebridge, the lobbying and advising firm of longtime Clintonite and former Secretary of State, Madeleine Albright. Goldfield is also a Senior International Affairs Advisor at the international law firm Hogan Lovells. One of the firm’s Partners, Howard Topaz, is Bill and Hillary Clinton’s personal tax advisor.

Seven months after the Ex-Im Bank approved Black & Veatch’s financing for the project, Hillary Clinton attended an exclusive 60th birthday party thrown for H.P. Goldfield at the posh Hamptons home of investor George Hornig. In a photo from the party Clinton is seen in extremely good spirits, glowingly hugging a group that included Goldfield and former US ambassador and State Department official, Richard Haass. [Richard Haas subsequently became appointed to head the Wall-Street-funded Council on Foreign Relations.]

[PHOTO] “Image credit: Hamptons Magazine

The Albright Stonebridge Connection 

During the time Ex-Im Bank considered Black & Veatch’s request, Madeleine Albright’s daughter, Alice Albright served as the bank’s Executive Vice President and Chief Operating Officer.

The released Clinton emails show that at the time the bank was considering the Kusile loan, Clinton and Madeleine Albright maintained a close relationship. …

Two weeks prior to the bank’s deliberations, Albright sent a direct email to Clinton, suggesting she hire ‘Wendy.’

This presumably refers to Wendy Sherman, then Vice Chair at Albright Stonebridge – a title she shared at the firm with H.P. Goldfield – who later that year was appointed by Clinton to serve as Under Secretary for Political Affairs. Albright ended the message with ‘I’m off to Prague to research new book but always ready to talk. Love, Madeleine.’

According to an email from December 2011, Clinton and Albright met again, this time in Prague. Albright wrote, ‘Happy to help on whatever you need wherever and whenever.’ Six months later, Clinton’s schedule reveals she attended Madeleine Albright’s 75th birthday party at Alice Albright’s house.

Since the approval of the coal plants, several figures involved in the matter landed positions at Albright Stonebrige. Upon retiring form the Foreign Service in 2013, former Ambassador Don Gips was hired as Senior Counselor. Former State Department official Johnnie Carson, who was part of the Clinton team during South Africa’s lobbying for the World Bank loan, also became Senior Counselor for the firm.

Ex-Im Bank’s Ties to Hillary Clinton 

The Ex-Im Bank is headed by Fred Hochberg, a longtime Clinton family associate, financial contributor, and campaign bundler. Hochberg’s partner, Tom Healy, was nominated during Clinton’s tenure as Secretary to the Fulbright Foreign Scholarship Board, a State Department body. Between 2012-2014 Healy served as Chair of the Board.

Hillary’s emails during these years reveal her close connection to both Hochberg and Healy. In February 2012, one of Clinton’s daily schedules includes attending Hochberg’s 60th birthday party at the upscale DC dining spot, Sidra’s Home Restaurant.

A few months later Hochberg extended a personal invitation to Clinton to attend a friend’s book launch. Hochberg then sent a happy birthday wish to Hillary, signing with ‘Much love, Fred.’ Tom Healy sent his own personal birthday note that year, adding ‘I didn’t get to say hello in Haiti on Monday because the rain started and we rushed to the airport.’

In 2014, The Ex-Im Bank announced the appointment of new members to its Sub-Saharan Africa Advisory Committee. Former ambassador Gips, and Shahid Qadri, Black & Veatch’s Vice President and Regional Director Africa, were among them.

That carefully researched news-report, which was headlined “Hillary Clinton Showed Support, Associates Profited from Ex-Im Bank Financing World’s Largest Coal Plants in South Africa”, isn’t unusual for the best of all news-sources on environmental matters, the desmog blog. Vardi’s report there provides an indication as to why Secretary of State Clinton, unlike any other Secretary of State before or since, refused to use the government’s authorized and secure email system and its predecessors, the systems that were for official U.S. Government business (which was what has been disclosed here from her private email server all of this clearly was, though Hillary Clinton has stated many times she never used her private server for government business).

That reason is: she didn’t want voters (nor prosecutors) to be able to know how she transacts her corruption.

No wonder Wall Street loves her.


Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

This entry was posted in Uncategorized. Bookmark the permalink.
  • kimyo

    how the cognitive dissonance rings on high when zuesse is in the driver’s seat. a few days ago, in full clinton apologist mode, we were told that it’s just a few ‘irregularities’ in the filings from her ‘charitable foundation’. today, however, it’s “This Is How Corruption Works”.

    sanders needs to recognize that government by monsanto/goldmansachs (aka clinton) is enemy #1. if he doesn’t grok that, then he cannot possibly serve as commander in chief.

    he is best positioned to remove hillary from contention. why on earth would he refuse to do so?

    • Army of Addicts


    • cettel

      This is Zuesse, and I never said nor intimated what you are alleging I did.

      • kimyo

        from your comment on ‘How Bernie Sanders Hopes to Sway Superdelegates’

        For one candidate in a Party primary to attack a competitor in that Party for irregularities in the other candidate’s charitable foundation is to “have insulted the person.”

        • cettel

          Your understanding of what I wrote was hopelessly inaccurate: I said nothing whatsoever defending anything of Clinton, I was defending Sanders.

          • kimyo

            i have no problem continuing to call you a clinton apologist – withdraw the word and i’ll consider leaving you alone. barring that: in zuesseville: ‘irregularities’ =

            In 2011, the State Department cleared an enormous arms deal: Led by Boeing, a consortium of American defense contractors would deliver $29 billion worth of advanced fighter jets to Saudi Arabia, despite concerns over the kingdom’s troublesome human rights record. In the years before Hillary Clinton became secretary of state, Saudi Arabia had contributed $10 million to the Clinton Foundation, and just two months before the jet deal was finalized, Boeing donated $900,000 to the Clinton Foundation, according to an International Business Times investigation released Tuesday.

            The Saudi transaction is just one example of nations and companies that had donated to the Clinton Foundation seeing an increase in arms deals while Hillary Clinton oversaw the State Department. IBT found that between October 2010 and September 2012, State approved $165 billion in commercial arms sales to 20 nations that had donated to the foundation, plus another $151 billion worth of Pentagon-brokered arms deals to 16 of those countries—a 143 percent increase over the same time frame under the Bush Administration. The sales boosted the military power of authoritarian regimes such as Qatar, Algeria, Kuwait, the United Arab Emirates, and Oman, which, like Saudi Arabia, had been criticized by the department for human rights abuses.

            you keep using that word. i do not think it means what you think it means.

            minimizing clinton’s crimes in order to defend mr magoo is no excuse.

            above quoted from Hillary Clinton Oversaw US Arms Deals to Clinton Foundation Donors

          • cettel

            I don’t understand why you cite that as if I ever had said that I support or endorse it or her (whom I have constantly criticized and made clear that I detest and would never vote for). Again, kimyo, what you say makes no sense to me.

          • kimyo

            if you truly detest her, then how can you possibly use the word ‘irregularities’ to describe taking cash to provide arms to brutal dictatorships such as saudi arabia?

            your choice of words serves to minimize the damage she’s done. just as sanders minimizes the gravity of multiple felonies (which, if clinton were convicted,would block her from office forever) by saying ‘the american people are sick and tired of hearing about your emails’.

          • cettel

            I have many times called her “corrupt,” and those irregularities are corrupt, but I was using the vaguest possible term there because her defenders would argue that the Clintons’ foundation isn’t an asset that they own, and I don’t want to elicit needless disagreement from Hillary’s supporters, because all ‘nonprofits’ should be eliminated and their valid functions (if any) should be taken over by democratically accountable taxpayer-financed government-owned entities — no more tax-dodges and no more unaccountable-to-the-public ‘charities.’ I wanted the attention of my readers to focus on the big picture, not on distractions from it. A writer on public affairs, just like any politician, should be strategic, not scatter-brained.

          • kimyo

            your ‘strategy’ is to present your readers with a story. it’s a fine tale, one in which sanders is an actual contender, fighting in an actual primary battle, winning actual votes.

            the evidence however, overwhelmingly destroys your nice & tidy little delusion – the 6 coin tosses, the super delegates, the ‘americans are tired…..’, his ludicrous and utterly indefensible position on drones and the f-35.

            what we have here is the appearance of a primary. and you are here to provide the appearance of ‘balanced coverage of this historic event’ (aka wrestlemania 2016).

          • modern angel 99

            Care to offer any links that confirmed your conclusion that this whole wag-the-dog primary scenario is indeed true? I was hoping that we had entered a less scripted terrain this election season…

          • kimyo

            if you scan the ‘clinton will build her biggest lead….’ comment section i think you will note a concerted effort to put the supreme court justice selection front and center. in combination with obama’s announcement today, to me this seems like a clear example that we’re watching wrestlemania 2016.

            if i’m right, we’re going to be hammered with this nonsense for 10 days, then the nominee will be withdrawn. purpose: to get people riled up, to get them to the polls in november, in fear that the other candidate will tilt the court to the other side.

          • kimyo

            totals declared before the votes are even counted – are these the words of a contender? or a puppet?

            Bernie Sanders Lays Out His Requirements For Endorsing Hillary Clinton
            He stressed he’ll fight for the Democratic nomination “until the last vote is cast.”

            Bernie Sanders (I-Vt.) insisted he’ll stay in the presidential race,
            but outlined conditions under which he would endorse Democratic
            front-runner Hillary Clinton “if I can’t make it.”

            ie: democrats, feel free to ‘cast’ your votes. we aren’t going to bother counting them however, cause it’s not an actual primary.

            Clinton Claims Victory but Arizona’s Voting Fiasco Dubbed “National Disgrace”

            And despite the sizable turnout, major news networks, including CNN, called the race just minutes after polls closed while many voters would still wait hours before even casting a ballot.

            “the day was so hectic, that as it became clear Clinton won, Sanders supporter Sheila Ryan said she just couldn’t believe it: ‘What about all the provisional ballots? What about all the ballots from [people still in line]? Are those getting counted?’”

          • Hortense

            No dis, and I’m just a new reader, but in your comment you’ve explained exactly why many people hate politics and politicians so much. No straight talk from any of them. Political parties ARE ‘the old boys’ club” and they need to go. Let’s speak straightly and honestly and not leave that to minions (who also can’t afford to do it because they might annoy someone who pays them).

  • Hortense
  • Slevogt Erhard

    !!Public Notice!!!!! This is to inform the General Public about Finaneses Online a Wide Range Loan Company Base in the Europe, Asia, United Kingdom And America is currently giving out Loan at a low interest of 2% Interested Readers should kindly Contact Us at ==>( ) by filing the below loan application form:

    Full Names:……………………………………Your Gender:………………………………….Your Status:……………………………………Loan amount required:…………………….Loan Duration:………………………………..Loan Purpose:……………………………….Monthly Income:……………………………..Postal Code:……………………………………Your Address:………………………………..Phone number:……………………………….Occupation:…………………………………..Your Country:………………………………..Your City:……………………………………..Your Age:…………………………………….Apply Before?……………………………….
    *Choose a Personal Loan from £ € $10,000 – £ € $ 350,000.00*Direct Plus Loan or Business Loan of up to 10,000.000.00 £ € $ and More.
    Here is Our Email Once again:
    Thanks and God Bless you all.