The Other Hsu Drops

The Journal today has more details today about our new favorite person: large-headed political financier Norman Hsu. Specifically that the money Hsu was giving to Democrats like Hillary Clinton and State Representative Kirsten Gillibrand — and the cash for the $2 million bond he posted to get out of jail this month when he was arrested in Colorado — came from none other than Woodstock co-creator Joel Rosenman's Source Financing Investors, who invested $40 million dollars earlier this year in Components, a company owned by Hsu, which supposedly financed the production of apparel from luxury labels like Gucci and Prada, but apparently mostly financed Hsu's own luxury lifestyle. "Recent revelations," Rosenman told the Journal, "led us to believe that payments due on our recent transactions with Components and Hsu may not be made." Um, yeah. The headlines today are all about how bad this looks for Clinton, but frankly, the fact that Rosenman invested in a guy whose résumé includes outstanding warrants for grand theft and fraud in the first place worries us more. Did dude get hit in the head during the GN'R mud-mosh at Woodstock 1994? Why don't you just cruise on over to Canal Street, Rosenman? There are some guys down there who need their Louis Vuitton production funded, too. Also, we got this letter from this nice Nigerian guy…

Sixties Figure Says He Financed Donor Hsu [WSJ]