Hillary Clinton’s son-in-law, Marc Mezvinsky, sought funding for his new hedge fund Eaglevale Partners in 2011, so he pursued financial backing from one of the biggest well known names on Wall Street: Goldman Sachs chief executive Lloyd Blankfein. The investment did not turned out to be a sour business decision. Earlier this month, Mezvinsky was forced to shutter one of the investment vehicles he initiated under Eaglevale, called Eaglevale Hellenic Opportunity, after losing 90 percent of its money betting on the Greek economic recovery.
The decision for Blankfein to invest in Mezvvinsky’s company is one of many ways Goldman Sachs has used its wealth to forge a secure bond with the Clinton family. The company paid Hillary Clinton $675,000 in personal speaking fees, paid Bill Clinton $1,550,000 in personal speaking fees, and donated between $250,000 and $500,000 to the Clinton Foundation. At a time when Goldman Sachs directly lobbied Hillary Clinton’s State Department, the company regularly partnered up with the Clinton Foundation for events, even convening a high end donor meeting for the foundation at the Goldman Sachs headquarters in Manhattan.
There has been relatively little to no reporting on the Blankfein investment in Eaglevale Partners, which is a private fund that typically faces minimal disclosure requirements. At a campaign rally in downtown San Francisco on Thursday, Intercept reporter Lee Fang attempted to ask Hillary Clinton if she knew the amount Blankfein invested in her son-in-law’s fund:
As seen in the video, Hillary avoids Fang and ignores his line of questioning. While her spokesperson claimed he would respond to Fang’s email given the contact the information, Fang has yet to receive a response. This is not the first time Hillary has dodged questioning about the hefty price tags of her paid speeches.