“When Bill and Hillary Clinton walked out of the White House for the last time on January 20, 2001,

a town of large homes and quiet streets in Westchester County, which Hillary had purchased in 1999 in anticipation of her Senate run. They also maintained a home in Washington. The mortgages on both properties added to an already complicated financial picture. And then, within weeks of leaving office, the path forward became surprisingly clear. Bill Clinton delivered a paid speech at Morgan Stanley and earned one hundred and twenty-five thousand dollars for the appearance. It was his first. It would not be his last. Within months, his standard speaking fee had settled in the range of a hundred and fifty thousand dollars per engagement, and demand for his time was immediate and global.