President Bill Clinton and private equity underwriter (PEU) David Rubenstein will speak at the annual Export-Import Bank Annual Conference in April. Clinton and Rubenstein frequent other gatherings of the wealthy and powerful. Ironically, two share the initials CGI.
Bill Clinton - Clinton Global Initiative (CGI)President Bill Clinton helped Carlyle profit by privatizing the security investigation arm of the Office of Personnel Management in 1995. This division became USIS, which turned into Altegrity. Carlyle took its share of $1 billion in profit from their PEU exit.
David Rubenstein - Carlyle Group Investors (CGI) annual meeting
Chelsea Clinton and David Rubenstein recently attended the World Economic Forum in Davos, Switzerland, where Rubenstein offered China's economic model as the panacea for America's financial ills.
The Export-Import Bank provided $32.7 billion in financing in 2011. Carlyle knows how to tap the federal teat. How many PEU affiliates got Ex-Im money last year?
Update 4-7-12: This blast from the past shows how Clinton and Carlyle go way back.