The Bill, Hillary, and Chelsea Clinton Foundation has received millions of dollars from foreign countries that are otherwise barred from donating to political campaigns or PACs.
"I think it’s nuts. I think it’s nuts. I think it’s all nuts," Bloomberg co-political editor John Heilemann said.
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The foundation barred such money while Hillary Clinton was secretary of state, but recently changed its self-imposed restriction.
"The idea when they came out they loosened the restrictions again? Totally insane," Heilemann said.
The reaction has been overwhelmingly negative, as the Clinton camp struggles to find a campaign message to run on.
"Their obsession with money–this has been a hallmark of their careers," Heilemann said. "And in some ways, it served them really well because they have won a lot of elections by being well financed. But in this case, I think she is giving her opponents a huge amount of fodder that could come back to haunt her later."
The foundation has said it will review its policy should Clinton decide to run for president.