Clintons sell possibly troublesome stock

? Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign.

The blind trust and a bank account valued in the same range place the Clinton’s total wealth at between $10 million and $50 million.

The Clintons had to disclose the contents of the blind trust in April under instructions from the Office of Government Ethics and sold the assets in May, according to a disclosure form filed Friday. The Clintons have had a blind trust continuously since 1993 and had no control over its transactions.

Over time, the Clintons’ blind trust grew significantly and included stock holdings in oil and drug companies, military contractors and Wal-Mart.

The report, also filed with the Federal Election Commission, provides the most detailed look at the Clintons’ holdings as their wealth has expanded since the former president left the White House in 2001.

The new report also shows that the former president made $16 million in speaking fees between January 2006 and Wednesday. So far this year, Bill Clinton has given 34 paid speeches for a total of $5.9 million.

The blind trust held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000-$250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.

The report said all the proceeds of the sales were being placed in a cash account. The massive unloading of stock means the Clintons face “substantial” capital gains taxes, Clinton spokesman Howard Wolfson said.

President Clinton registered his blind trust with the Office of Government Ethics when he became president in 1993, then Sen. Clinton registered it as a Senate blind trust when she became a senator in 2001.

Wolfson said the Clintons now “will be working to create a new blind trust consistent with both OGE and the Senate’s rules.”

Though all the blind trust transactions were handled over the years by a trustee without the Clintons’ knowledge, some of the holdings could have been awkward for Hillary Clinton as she pursues the Democratic presidential nomination.

The blind trust held stock worth $100,000-$250,000 in NewsCorp, the parent company of Fox News, which many Democrats have denounced as biased against them. The trust also held stock in Wal-Mart and Wal-Mart de Mexico.

The senator served on the Wal-Mart board from 1986 to 1992, and was close with the Walton family that created the nation’s largest retailer. But she has recently called on the company to provide better worker benefits, and last year her Senate campaign returned $5,000 to Wal-Mart’s political action committee.

At the time, Clinton campaign spokeswoman Ann Lewis said the money was returned “because of serious differences with current company practices.”