Ron Burkle now has a panic room. ... 2:30 P.M.
Was Doug Band's Finder's Fee Legal? According to the WSJ, Bill Clinton aide Douglas Band accepted, and then passed on to others, a $400,000 finders fee for helping arrange a seemingly disastrous investment deal. But it seems that finding investors for a fee can be considered "brokerage" requiring a license. Who knew? It seems like a misguided rule, and it's apparently a controversial one. And even assuming (i.e. guessing) Band doesn't have a license, I don't know which side of this "gray" area" he would fall on. But it might be worth checking out. ... Illegal is illegal, alas--and even "a successful early stage financing that was technically illegal" can apparently give investors a right to subsequently undo the deal, according to the Inc.com article linked above. Would that give the now-disgruntled FOB investor 'found' by Band a way to get his money back--by blaming Clinton's aide? Just asking! ... 1:53 P.M. link
GQ Editor Jim Nelson defends his manhood here. ... No doubt GQ's upcoming "Man of the Year" piece on Bill Clinton will be "fully satisfying." It better be! ...P.S.: Something tells me, in advance, that I'd rather read the piece on Hillaryland infighting that Nelson killed. Hillary campaign manager Patti Solis Doyle doesn't seem to be wildly popular. ... P.P.S.: Nelson claims the decision to kill Green's piece wasn't "directly linked" [Howard Kurtz's phrase] to the ability of the Clintonists to withhold Bill's cooperation on the second, forthcoming piece. But of course the Clinton camp had in fact already linked them when Nelson made his decision. At that point--when the subject of a story has implicitly threatened your magazine with repercussions if you print it--any editor with balls will make sure the story gets printed.** Even if it's not a "great Hillary piece" [Nelson's words] and only a good Hillary piece. (I haven't read it so I don't know what it was. But I know the smell of editorial cowardice.) ... By saying he'd have printed a "great Hillary piece," Nelson is more or less admitting that he let the Clinton threat raise the bar that Green's piece had to meet, no?...
**--At least this rule should apply to stories about political figures. I don't care if Nelson caves to Brad Pitt. ... 12:59 P.M. link
Page B-4 Watch: It's where the news is in the L.A. Times. Wednesday's B-4 Special: "24" star Kiefer Sutherland arrested for drunk driving, with jail time a possibility. Nobody's interested in that! ... 3:31 A.M.
John Edwards is getting grief because the hedge fund he worked for is responsible for some subprime loans and foreclosures in Iowa. But the hedge fund for which Chelsea Clinton has worked is not exactly Landlord of the Year either. ... 3:22 A.M.