Schweizer: ‘Clinton Cash’ Not About Ideology, But Potential Crony Capitalism, Self-Enrichment

On Sunday’s broadcast of CNN’s “Reliable Sources,” “Clinton Cash” author Peter Schweizer explained the rationale behind that book and the buzz the book has generated throughout the media.

According to Schweizer, his book isn’t about ideology but instead focuses on potential corruption.

Transcript as follows:

SCHWEIZER: Thanks for having me.

SESNO: Well, and congratulations on getting all this attention from Seth Meyers to “The New York Times”, to their public editor.

For people who aren’t familiar with the book, let me ask you in 30 seconds to give us your reporting headline if you bumped into somebody on the street and they said, what’s the bumper sticker? What is it?

SCHWEIZER: I think the bumper sticker is you see a pattern that indicates pay to play, from foreign entities giving money to the Clintons either through speaking fees or Clinton Foundation donations, and those entities get favorable action from Hillary Clinton as secretary of state. That’s the thumbnail sketch.

SESNO: So, the questions raised we just touched upon in the introduction here about the connection to The Times and The Post — what was the treatment between you and these other publications?

SCHWEIZER: Yes. I mean, Mike McIntire is right. I mean, I had a copy of the galleys. I took them to The New York Times in part because I have a story building upon a previous report that The New York Times had done on Kazakhstan. I took it to The Washington Post because they had done some work already on the speechmaking that Bill Clinton was engaging on. I took it to Fox News because there was an individual there who used to have been at Newsweek who I knew.

And it was simply, hey, I found some interesting things you guys might want to look into it. I also did the same with ABC News as well.

So, there was no unique arrangement. I think it was just —


SESNO: Any of these guys — any of these guys — any of these guys pay you, Peter, for this?

SCHWEIZER: Oh, no, absolutely not. No payments, no time constraints put on, no conditions put on — absolutely not.

I mean, these are all professionals as you know, Frank, and no, they would have never tolerated that and I never would have asked for that.

SESNO: OK. Well, that was for the record. So, let me ask you this for the record — were you looking deliberately and hoping for this kind of pickup in the, quote/unquote, “mainstream media” to blunt some of the criticism that you are just a Clinton critic and that this book lacks credibility as a result?

SCHWEIZER: Well, you know, I wish, Frank, that I had this master plan. If you look at my two previous books, “Extortion”, it was featured on “60 minutes.” There was a whole series on CNN by the investigative unit on it. My book before that throw them all out on insider trading, and the stock market, again was the subject of a “60 Minutes” episode, and there was mainstream media on both of those.

So, this book is really no different from the two previous that I have done. And it’s all fact-driven. I mean, yes, I am a conservative. I say that. But I have gone after Republicans. I have gone after conservatives. The focus is really on corruption and I think facts are facts.

SESNO: So, let me ask you this question and this for people who haven’t followed this very closely is also the substance of the 4,000-word piece that The New York Times wrote, which is this deal for the Russians to buy this uranium company that was up in Canada with the two brothers, the business partners there were making contributions to the Clinton Foundation after the deal went through. Bill Clinton got a very lucrative speech in Russia as part of all this. Hillary Clinton is now secretary of state.

And the connection or the — not the connection but the implication here is that there was some pay-to-play. But, but I have heard over and over again, no smoking gun here. And I want to show you and the audience this montage the Clinton campaign put together, with you out making these pictures to the media and their response.


CHRIS WALLACE, FOX: There’s no indication that Hillary Clinton or Bill Clinton took direct action.

UNIDENTIFIED MALE: There’s no — there’s no evidence.

SCHWEIZER: I was not in any of these meetings.

UNIDENTIFIED MALE: There’s no smoking gun.

SCHWEIZER: I can’t look into Hillary Clinton’s mind.

UNIDENTIFIED FEMALE: And there hasn’t been a there-there.

GEORGE STEPHANOPOULOS, ABC NEWS: We’ve been investigative work here at ABC News, found no proof of any kind of direct action.


SESNO: So, what do you say to all the media organizations that looked into this core accusation in the book around said there’s no there- there, or no smoking gun there?

SCHWEIZER: Frank, I’m an author and a journalist. I don’t have subpoena power.

Let me just ask this very basic question: if this were a secretary of defense, it were not the Clintons. They had a small company that needed Pentagon approval of something, and nine individuals in that small company had sent $145 million to a private foundation that the secretary of defense had and the secretary of defense’s spouse had received inflated speaking fees during the time of this approval.

And when asked about this, the secretary of defense said, “Oh, there’s no connection.”

Would the media take their word for it? Would investigators take their word for it? No. They would say this is something that needs to be investigated, and that’s my position. And this notion that an author has to provide the smoking gun is absurd. All of these things ought to be investigated.

SESNO: Why is that — why is that absurd? Why — if there’s a core allegation, is it enough just to raise the question? I mean, if you did that — if you were writing for a major newspaper, they’d send you back and say you haven’t got the story yet.

SCHWEIZER: No. I disagree completely. I don’t think the news standard at any news outlet would be if you demonstrate a small company has send $145 million to a foundation connected to the secretary of defense and the secretary of defense had business before them, you’re telling me news organizations wouldn’t run with that story even if they didn’t prove direct action? Of course they would.

The question is, is what do you do with that information? And in the book you show it again and again and again and again. So, the question becomes are these just all serious coincidences or is there something else afoot? And I think it deserves further investigation.

SESNO: Peter, you have said that you are trying to change the narrative, the Clinton narrative in the media. A lot of folks say there’s plenty of criticism in the media and lots of questions have been raised. Are you trying to change the narrative? And if so, to what?

SCHWEIZER: No. My focus has been over the last five years on crony capitalism, and that is what I see this as a story. This is not about ideology. This is about a family, the Clintons, who have become enormously wealthy in the post-presidential years, and I would argue and I think the evidence is clear a lot of it has to do with the fact that former President Bill Clinton’s wife had very real power and could do favors for people that needed it done at the State Department.

And that’s a serious area of inquiry. I’m looking into the same thing at Jeb Bush right now. This goes to the heart of the problem of crony capitalism and self-enrichment.

SESNO: So, Peter, I want to ask you this question, which you asked to others. And that is, who is funding you and who is funding your foundation?

SCHWEIZER: Yes. And some of that has been out in the media. We have a variety of donors.

They are politically conservative. They’re not all Republicans, and they all don’t have a consensus about a particular candidate.

But I will tell you — and I think our research is clear on this — I have never had a donor tell me, don’t look into this person or don’t look into this area. That has never been a restriction.

And our evidence is clear. My last book on extortion, I was soundly denounced and criticized by Speaker of the House John Boehner.

So, the idea that this is just about Republicans or Democrats is absurd and is a way of deflecting of the real substantial of what’s in the book.

SESNO: It is worth noting and that’s why I did, that your support, your financial support, is from conservatives, including from the Koch brothers and others. You have not denied that. So, that’s out there for all to know.


SESNO: But I want it to be out there for all to know.

SCHWEIZER: Yes. I would just correct the record — and you’re right, they have in the past. The Koch brothers did not fund this research project.

SESNO: They didn’t fund the research project but they funded your foundation.

SCHWEIZER: Yes, in the past, yes, on (INAUDIBLE), yes.

SESNO: OK. My last question for you on is this, one other thing that has raised concerns is comments you made, that 10 percent, this 10 percent comment that you made, that 10 percent of what’s gone to the Clinton Foundation has gone to charitable foundations to do the work. There’s been a lot of reporting, a lot of digging on that. It shows that that is not the case. That they are — that a lot of their work does need to go to other charities. They do it themselves.

Are you prepared to withdraw it?

SCHWEIZER: No, and I make that point. No, If you look at my comments in context, I say their charitable giving to other foundations, but as I point out they are positioning themselves as a management consultancy to work with other charities. And I always make that clear. I don’t just cite that 10 percent figure. But that 10 percent figure is accurate and true.

The problem is the Clinton Foundation is an unusual charity. Charity navigator won’t rate them because of a, quote/unquote, “usual business model”. The Better Business Bureau has dinged them for serious problems with their internal practices.

So, that all stands and that all is accurate and true.

SESNO: Peter Schweizer, thank you very much. An author with some impact and always a healthy thing for the discussion and it will continue. Thanks very much.

SCHWEIZER: Thanks, Frank.

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