New OBO Director Comes From 'Bill Clinton, Inc.' What??

The new Director of Overseas Buildings Operations has been announced, and I freely admit that he leaves me perplexed. 

First, he's not a construction guy. No construction experience at all, but lots of bankruptcy and restructuring work. That's quite odd, especially given that a Trump Administration must be full of construction people, or so you’d think. 

But worse is that he comes from a senior position at Teneo, which is the money-grubbing arm of the Clinton Foundation and Bill Clinton’s personal financial benefactor. 

Teneo's website still identifies James Feltman this way:

James (Jim) has more than three decades of experience leading fiduciary and restructuring matters, as well as providing clients with key litigation support and expert witness testimony. As an advisor, Jim has worked primarily on debtor side assignments.

What's up with that? Is Trump putting OBO in receivership? My good friends in OBO didn't do anything to earn that. 

About Teneo, here's a typical news story about its cozy arrangement with the Clintons. Notice that the story comes from NPR and uses Wikileaks stolen email as its sourcing, so it has an impeccable left-side political pedigree despite the content. (So, that means if you dislike the info or the tone, I’ll assume you’re wearing a MAGA hat!)

A newly revealed memo from a former aide to Bill Clinton details substantial overlap between donors to the nonprofit Clinton Foundation and the former president's personal financial activities, a $30 million-plus enterprise described in the memo as "Bill Clinton, Inc."  

Money managers UBS and Barclays, mining giant BHP, and the for-profit educational company Laureate International Universities each made substantial payments to Bill Clinton for speeches or "advisory services," while also contributing to the Clinton Foundation. 

Most of these payments were brokered by Doug Band, who served as a personal aide to Bill Clinton during his White House years, and later as a chief fundraiser for the Clinton Foundation.  

- Snip - 

[Teneo founder] Band's memo also documents the interlocking relationship between the Clinton Foundation's corporate contributors, Teneo clients and Bill Clinton's personal wealth. 

- Snip - 

Band estimated that he'd helped to secure work for the former president that yielded more than $30 million in personal profit between when Clinton left office in 2001 and when the memo was drafted in 2011, with another $66 million in the pipeline at the time.

That is a very strange background for a Trump Admin official. We'll see more from him soon, so we can hope for the best, but prepare for the worse.