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Home Front: Politix
Susan Rice’s Enrichment Program
2012-11-30
The portfolio of embattled United Nations Ambassador Susan Rice includes investments of hundreds of thousands of dollars in several energy companies known for doing business with Iran, according to financial disclosure forms.

Rice, a possible nominee to replace Secretary of State Hillary Clinton
...not clear if this is a downgrade...
when she steps down, has come under criticism for promulgating erroneous information about the September 11, 2012, attacks in Benghazi, Libya, that killed four Americans.

Rice has the highest net worth of executive branch members, with a fortune estimated between $24 to $44 million, according to the Center for Responsive Politics.
Her biography at Wiki does not seem to support the activities that go with making a lot of money, but perhaps she worked for Bain Capital and I missed it...
A Free Beacon analysis of Rice’s portfolio shows thousands of dollars invested in at least three separate companies cited by lawmakers on Capitol Hill for doing business in Iran’s oil and gas sector.

The revelation of these investments could pose a problem for Rice if she is tapped by President Barack Obama to replace Clinton. Among the responsibilities of the next secretary of state will be a showdown with Iran over its nuclear enrichment program.
Who better than an insider? In both capitals...
“That Susan Rice invested in companies doing business in Iran shows either the Obama administration’s lack of seriousness regarding Iran or Rice’s own immorality,” said Michael Rubin, a former Pentagon adviser on Iran and Iraq. “Either way, her actions undercut her ability to demand our allies unity on Iran.”

The companies in question appear to have conducted business with Tehran well after Western governments began to urge divestment from the rogue nation, which has continued to enrich uranium near levels needed to build a nuclear bomb.

Financial disclosures reveal that Rice has had $50,001-$100,000 in Royal Dutch Shell, a longtime purchaser of Iranian crude oil. Royal Dutch Shell currently owes Iran nearly $1 billion in back payments for crude oil that it purchased before Western economic sanctions crippled Tehran’s ability to process oil payments, Reuters reported.

Rice has additional investments in Norsk Hydro ASA, a Norwegian aluminum firm, and BHP Billiton PLC, an Australian-based natural resources company, financial disclosure show. Norway’s Norsk Hydro was awarded in 2006 a $107 million exploration and development contract for Iran’s Khorramabad oil block, according to the Wall Street Journal. Rice’s portfolio includes an investment of up to $15,000 in the company.

Rice has up to $50,000 invested with another Iranian partner, BHP Billiton, which was probed by the Securities and Exchange Commission in 2010 for its dealings with Cuba and Iran, according to reports. The company, which had leased office space in Tehran, admitted to making more than $360 million from the Iranians, according to The Australian.
Nice investments if you can get them...
Posted by:Steve White

#12   I'm thinking Susan Rice has enemies in both Donk and Pub camps

Yes.
Posted by: Pappy   2012-11-30 23:12  

#11  Thats how the ivy league does fake classes. Your, hummp, puuhblic college fake classes do not even have books.
Posted by: swksvolFF   2012-11-30 16:24  

#10  Her book on "Black History" is 86 pages long. How do you create an entire major out of that. Just wondering.
Posted by: Total War   2012-11-30 16:04  

#9  But, but, but...what about global warming?
Posted by: Ebbang Uluque6305   2012-11-30 11:45  

#8  I'm thinking Susan Rice has enemies in both Donk and Pub camps. Look for John Fn Kerry to be next Secretary of State.
Posted by: JohnQC   2012-11-30 10:26  

#7  Now you both know that there is no black history outside of the worse of the slavery of the old south. Any other so-called 'black history' just doesn't exist. Just ask any liberal history professor.
Much like no other instances of slavery have ever existed in the entire history of the universe EXEPT in the old south.

(That is what Susan Rice meant by 'Black history'...)
Posted by: CrazyFool   2012-11-30 10:05  

#6  Or closer to the motherland, here.
Posted by: Besoeker   2012-11-30 08:48  

#5  Bit of a radical was our Suzi.
Susan Rice in 1986 book: Make white students learn black history

I suppose they could start here
Posted by: tipper   2012-11-30 08:31  

#4  "That Susan Rice invested in companies doing business in Iran shows either the Obama administration's lack of seriousness regarding Iran or Rice's own immorality,"

No reason it can't be both.
Posted by: CrazyFool   2012-11-30 07:58  

#3  She should be nominated for a Secretary of Energy position, not State! And I thought my portfolio was too heavy in oil, gas, and coal.

Additional

Posted by: Besoeker   2012-11-30 02:09  

#2  Her biography at Wiki does not seem to support the activities that go with making a lot of money, but perhaps she worked for Bain Capital and I missed it...

No, but if you had a cover story and wanted to turn to someone with media credentials to get it released or published, she'd certainly be the one.
Posted by: Besoeker   2012-11-30 01:11  

#1  her father was a big shot banking exec and was on a lot of corporate boards; he died in 2011

these investments may be inherited
Posted by: lord garth   2012-11-30 01:02  

00:00