Taibbi tells what Hillary said to Goldman Sachs

[grasswire]

Even more significant than the $675,000 Hillary took from Goldman, or the $30 million in speaking income she and her husband received combined in the last 16 months, is the account of what Hillary apparently told Goldman she "thought" during those speeches.

According to Politico, who spoke to several attendees, Hillary used the opportunity to tell the bankers in attendance that the "banker-bashing so popular within both parties was unproductive and indeed foolish."

She added that the proper attitude should be, "We all got into this mess together, and we're all going to have to work together to get out of it."

This squares with Geithner's account of what Bill Clinton said. The former president told Geithner that slitting Lloyd's throat would only satisfy "them" for about two days. Them was all those pissed-off regular people, and the we or us were politicians like himself and Geithner.

In her speech, Hillary's we included the executives in her audience. Her message was basically that It Takes a Village to create a financial crisis. This was the Robin Williams breakthrough scene in Good Will Hunting, with Hillary putting a hand on the Goldmanites' shoulders, telling them, "It's not your fault. It's not your fault."

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[grasswire]

1. $675 thou paid for the framing that allows Blankfein to sleep at night.

Last edited Sun Feb 7, 2016, 10:38 PM - Edit history (1)

Apparently.

[tblue37]

25. $675 thousand, not million. nt

[grasswire]

42. oh yes, thanks. corrected. nt

[tblue37]

44. Do you want me to delete my corrective post, or leave it there so yours

makes sense? Or we both could delete and just leave your first post.

[Voice for Peace]

131. Lol the quintessential posting dilemma

As a latecomer, I figured it out.

[avaistheone1]

135. Rest assured the quid pro quo will be worth something in 675 million neighborhood if not more.

[JRLeft]

2. Now that makes sense why she won't release her transcripts.

She sold us out.

[TTUBatfan2008]

30. We already knew that though right?

Robert Rubin (Citigroup and Goldman executive) named as Treasury Secretary in the 1990's? How is that any better than George W. Bush naming Hank Paulson from Goldman to the same job? And of course there is Greenspan, who was allowed to stay in power way too long.

This is where a President Sanders could make the biggest difference. Put people like Elizabeth Warren in important spots like Federal Reserve Chairman or Treasury Secretary and send a very clear message that Wall Street does not own the executive branch of the government.

[Duppers]

41. Exactly! nt

[Dustlawyer]

40. And she's fighting for the chance to do it again!

[closeupready]

122. +675,000

[cali]

3. I don't know if I could be more repulsed

[Glamrock]

4. Yeah baby!

Y'all can start calling me Nostra-fucking-damas!

http://www.democraticunderground.com/?com=view_post&forum=1251&pid=1165778

[dana_b]

119. you nailed it!

I am shaking my head at her. How can she look us in the eyes and say the stuff that she says after these talks? Progressive? Gets things done? Take your own advice, Hillary, and cut it out!!

[Glamrock]

127. Cut it out!

[Carolina]

138. I wish someone

Would ask her what has she done?

As senator, she voted for IWR, the bankruptcy bill and the Patriot Act

As SOS, she left a mess if Honduras, Libya and Syria

Then there's the Clinton legacy -- Bill's that is -- of NAFTA, the 1996 Telecommunications Bill, welfare deform and overturning of Glass Steagall.

Some record

[Nanjeanne]

5. Oh stop smearing the special one. Im sure they paid her big bucks to talk because

She is a WOMAN. just in case you didn't know that.

[Betty Karlson]

92. Also 9/11. eom

[grasswire]

6. the whole article is really illuminating.

....and a hat tip here to 99th_Monkey for finding that article first.

[Arazi]

7. HRC needs to cough up the transcripts or face more of this

"anonymous" sources reporting the content - none of which will be good

It's almost as bad as those speculating about Romneys tax returns.

It's going to be spun as bad, forever

[daleanime]

20. How much would anyone believe...

a transcript, I'd like the video please.

[Duckhunter935]

37. I bet they is one out there

Just a matter of time

[daleanime]

38. If I'd spent $250,000 on an event...

I know I would be taping it.

[askew]

76. I thought I read somewhere that Hillary's team required no phones in these events.

I'd be surprised if she didn't. After Mitt Romney getting caught on tape, I'd imagine that is a requirement for any private event.

[Duckhunter935]

79. phones make it most places and that

is not the only tech that records video and sound.

[Divernan]

111. Mook told them they needed to strip search everyone!

But they ignored him! Those high tech recorders are very small!

[CorporatistNation]

85. Per Her Speaking Contract.. NO VIDEO OR AUDIO JUST TRANSCRIPTS!!!

She is a sly one...

[daleanime]

88. But she only took....

what was offered?

[IDemo]

8. "We all got into this mess together"

I'm so ashamed of the part I played in all of this......

[passiveporcupine]

51. Me too

And I didn't lose my house so I'm feeling really guilty now for causing so many others to lose theirs.

[JDPriestly]

74. We did not all getinto this together.

Had banks offered in virtually every situation afixed mortgage rate,, perhaps higher than the rates they offered, mortgages would have been admittedlyharder to get, buthousing prces would have been better measures to buyer's wages, and we all would have been better off in the end.

It's banks and mortgage companies that are responsible for setting interest rates and terms formortgages. It's thebanks and motgagecompanies that can watch trends, that can chart the relationship between debt, income and the value of assets.

It is the responsibility of the banks and mortgage companies to vet the eligibility of the mortgage applicant for the loan including the borrower's likely capacity to repay the loan.

It is the responsibility of the lender to make sure thev borrower is. Good. Risk.

The recession was the fault of the bankers and Wall Street.

[appalachiablue]

110. 100% correct, although it's spun quite differently by all those involved who

profited, and by their allies in the financial corporate press. Sickening.

[Duval]

81. Hanging my head

I'll get my husband to hang his. Too bad we don't have a dog.

[magical thyme]

93. Me too. I lived in dives for years so I could buy my house outright.

So I didn't lose my house; just my life savings.

But I console myself with the thought that I can't sell my house and downsize to something I can afford now that I can't find work. And since I can't afford to maintain it, I'm losing it year by year as it crumbles around me.

So I guess that's my atonement for my crime of helping to crash the economy.

[harun]

106. I am sure the GS attendees sitting on million dollar+ bonus's would

like to get in a few more "messes" like these. Seemed to work out just fine for them.

[raouldukelives]

107. Myself as well. Not in my name.

I couldn't stand to be counted as booster of them anymore.

I did not get into this with them. I do not help them win elections, start wars for resources, deny health care, deny climate change, poison people with lead, imprison them or profit when they do.

To me, a big part of being a liberal (imho of course), is not enabling needless pain on others for personal wealth. Unlike those who count themselves as shareholders of corporations like Aetna while they pretend battle in the real world for single payer.

[dana_b]

120. yeah, right?!

Some of us saw that these mortgages had the balloons and wavering interest rates and said "no - I still can't afford that" but we STILL get the joy of paying for it! I don't blame the people who did take them though (unlike some politicians!), I blame the banks, Wall Street, etc.

[Hoyt]

9. Good politics. Smile while you emasculate and restrict them.

[whatchamacallit]

52. Satire is better

if it's at least partially based in reality.

[TubbersUK]

10. Here's the original Politico article from 2013

http://www.politico.com/magazine/story/2013/12/wall-street-white-house-republicans-lament-of-the-plutocrats-101047

But Clinton offered a message that the collected plutocrats found reassuring, according to accounts offered by several attendees, declaring that the banker-bashing so popular within both political parties was unproductive and indeed foolish. Striking a soothing note on the global financial crisis, she told the audience, in effect: We all got into this mess together, and we’re all going to have to work together to get out of it. What the bankers heard her to say was just what they would hope for from a prospective presidential candidate: Beating up the finance industry isn’t going to improve the economy—it needs to stop.

Certainly, Clinton offered the money men—and, yes, they are mostly men—at Goldman’s HQ a bit of a morale boost. “It was like, ‘Here’s someone who doesn’t want to vilify us but wants to get business back in the game,’” said an attendee. “Like, maybe here’s someone who can lead us out of the wilderness.”

[grasswire]

11. thank you for that link!

And welcome to DU.

[TubbersUK]

12. No probs :)

[840high]

29. Thank you. Getting this on Facebook.

[SammyWinstonJack]

36. She's despicable. Who's this "we" Hillary? It's not the 99% of us.

Just go away before you and corporate paymasters do anymore harm.

[Beartracks]

61. Oh, wow. So the "Cut it out" was really for US! n/t

[A Simple Game]

94. It would seem so wouldn't it? Now she has again lost my vote forever. n/t

[appalachiablue]

64. Goldman Hillary fundraiser and lobbyist, seated next to Dean at NH Dem. Debate Feb. 4

[Fawke Em]

13. Who's this "we" that got us into this mess?

It certainly wasn't the single Mother earning $8 an hour and who gets looked long-eyed at when she tries to buy steak with her food stamps.

It certainly wasn't the middle class Joe working 60+ hours a week to keep his head above the debt he's incurred because his wages haven't gone up and, by god, the roof needed to be fixed.

It certainly wasn't the A student who is shelling out half his $12 a hour wage to pay back his student loans, believing, erroneously, that he'd be earning far more money if he just went to college.

The only "we" here is the Royal We and that doesn't include me (or most of you here).

[farleftlib]

21. We as in they broke it but we fix it

We the taxpayers bail out them the predatory billionaires.

[HassleCat]

55. Similar to the Iraq war

Many of us called "Bogus" when Colin Powell came on TV and showed hi fuzzy photos, but our skepticism didn't prevent us from paying the bills. Personally, I wish they would consult me before they do some of this stuff. They could save us all a lot of trouble, and they wouldn't have to offer that lousy "we" excuse after the fact.

[sorechasm]

82. We thought they were dumb for not seeing what was obvious to the rest of us.

In fact, I think they knew what a catastrophic quagmire to humanity the Iraq War would be, but didn't care because it was a good investment to their shareholders.

They're intentionally insulting us. We (the savvy insiders) vs. Them (the gullible outsiders).

The Clintons meanwhile have by now taken so much money that when they stand in a room full of millionaires and billionaires, they can use the word "we" and not have it sound odd. The money has irrevocably moved them to that side of the ropeline. On that side of the line, public anger isn't legitimate, but something to be managed and waited out, just as Lloyd suggests.

When people like Blankfein tell us they don't take criticism personally, what they're saying is that it's too brainless and irrational to be taken any other way. He means to be insulting. And we should all take it that way.



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[A Simple Game]

95. You mean the village idiot didn't fool you like he did Hillary? Me either. n/t

[Oilwellian]

80. Well, Hillary disagrees with your assertions

[A Simple Game]

96. I never noticed it before but when Hillary says "cut it out" Bernie tries to hide a huge grin. n/t

[seekthetruth]

83. One big f'ing amen to that brother!

[adigal]

117. People criticize England for the royals, but we do have a "ruling class" also, don't we?

My son was lucky enough to get into and attend an Ivy League school. The amount of money 95% of the students there had in their families was breathtaking. Just obscene. Mostly from the financial markets, because although doctors and lawyers make a good living, they actually use their bodies to make it and the amount they can work is limited. If you are in finance, the sky is the limit. Inventors, too, but they actually create something.

Market people move money around and make billions for themselves and their friends. They assure their kids go to the same schools they went to, and get each other's kids jobs. It's really a closed system unless you are very smart and have a parent like myself, who has spent thousands of hours supporting my kids, and researching schools, etc. I knew the only way for him to have an assured future would be to get into one of these schools.

It's true that many people do well from other schools if they major in some fields like engineering, etc., which he didn't want to do. So this was his sure bet, and it has paid off immensely for him. But he is the exception.

The rich, the rulers, they all have a racket going on, and only now are we getting to peer into it and complain and demand change. Clinton is now part of that racket, although she didn't start out that way. Nor did Bill Clinton. But unlike Bernie, they seem to have forgotten that the game is rigged against us, and we need our leaders to start to make the playing field more level. Bernie would at least try to do that.

Having said all that, I would vote for Hillary if she is the Dem nominee over a circus monkey because a circus monkey would do less harm as President than ANY of the Republicans.

[SHRED]

14. CEO Lloyd Blankfein has got a lot of nerve

He's lucky he's not hanging from a tree.

[appalachiablue]

28. Lloyd said 'I'm doing God's work!', so we're to remember that...

[VulgarPoet]

100. Last time I heard that phrase

it was coming out of a talking head that was built to parodize Bill O'Reilly. ...This is kind of telling.

[KansDem]

114. Lloyd "Bank-fine" believes we can't afford Social Security...

BLANKFEIN: You’re going to have to undoubtedly do something to lower people’s expectations — the entitlements and what people think that they’re going to get, because it’s not going to — they’re not going to get it.

PELLEY: Social Security, Medicare, Medicaid?

BLANKFEIN: You can look at history of these things, and Social Security wasn’t devised to be a system that supported you for a 30-year retirement after a 25-year career. … So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.

PELLEY: Because we can’t afford them going forward?

BLANKFEIN: Because we can’t afford them.

http://thinkprogress.org/economy/2012/11/20/1220051/blankfein-retirement-age/

Try taking away our SS, Lloyd, and there will be Hell to pay (and I don't mean fines).

[cherokeeprogressive]

15. If I got paid $1000 to speak in front of the Trashmen's Association, and trashed them...

No other Trashmen's organization would ask me to speak before them.

On the other hand; If I went in and told the Trashmen present how wonderful they were and how much the world needed them, I'd be invited to speak to every Trashmen's Association event from now to whenever.

Anyone curious about what was said to the bankers in private would probably look at a car with foggy windows at a Drive-In Theater and wonder what was going on inside.

[PoliticAverse]

23. There's big money in telling people what they want to hear. n/t

[BlueJazz]

75. What would be going on inside that car is what was happening to the American people.

[TIME TO PANIC]

16. I'm sure she told the banks that they were the victims.

She knows if those transcripts are released; she'll have a Romney 47% moment.

[TTUBatfan2008]

90. No...

Transcripts can be scrubbed. Video evidence is what nailed Romney. But anyway I think people are putting too much emphasis on the speeches. I'm more concerned about the corporate campaign donations not just of the Clintons, but 99% of the other politicians in this country. That's the bigger issue. It's a fundamental flaw in the system.

[TIME TO PANIC]

91. True, the Clintons definitely aren't alone as far as corporate donations go, and that's a problem.

Honestly, I'm not that interested in the transcripts. The fact that the banks are willing to pay her so much to speak is damning enough.

[azmom]

17. Those fuckers and the politicians enabling them

Should all be in jail.

[840high]

32. Amen.

[CharlotteVale]

47. +1000000

[Tierra_y_Libertad]

18. Kind of like John Dillinger claiming that depositors were to blame for him plying his trade.

[Warren DeMontague]

19. Nobody FORCED those customers to buy the CDOs and mortgage-backed securities that you deliberately

obscured the underlying sketchiness of the underlying assets of, which were sliced and diced to make those things!

They did it of their own (albeit misled) volition!

And similarly, when you bet against the very economic indicators which were dependent upon the crap products you had been peddling to others, thereby making out like MASSIVE FUCKING BANDITS on the collapse that you, yourselves engineered, WHOCANBLAMEYA?

Am I right?

[Ruby the Liberal]

65. !

[adigal]

118. You are right. The average person has NO WAY to tell if their investments are sound

I am smart, have a Masters degree, and would have no clue. None.

[thereismore]

22. Se we are now "THEM." Good one Bubba. nt

[Uncle Joe]

24. Kicked and recommended.

Thanks for the thread, grasswire.

[loyalsister]

26. Maybe.....

I doubt it, but maybe, this means her campaign is beginning to comprehend that this ("banker-bashing so popular within both parties was unproductive and indeed foolish.&quot is an expression of anger that people working 2 jobs, unable to afford health insurance, and trying to raise children.
The way she disregards the people who are living that experience is infuriating. Given the current and ongoing damage to families that Clinton era policies have imposed, it turns my stomach when she tries to talk about all she has done for children.

[fierywoman]

27. 47% vs 99%

Isn't it just a matter of time before a 99%-er waiter at the next HRD speech to raise money from banksters just happens to leave his smart phone on, a la the Romney 47% speech. Can't wait, can't wait !!!

[billhicks76]

31. Take A Village To Put A Million Cannabis Users In Jail?

Her entire persona is mythology, illusion and fakery.

[840high]

34. ..+1

[billhicks76]

39. People Have Woken Up

The old folks don't get it.

[Duval]

86. I get it, I get it! I'm a Senior Citizen!!

[VulgarPoet]

101. +1

[Doctor_J]

33. saving the banksters from the pitchfork wielding proletariat

She's progressive! Really!!

[grasswire]

49. cmon, people.....let's make this viral

tweet it, fb it, reddit it....

WE made Wall Street cheat us. They're counting on WE to fix it with THEM. Hillary said so.

[A Simple Game]

98. Progressive? Are you sure, wait what day is this... Monday, OK you may be right. n/t

[Baitball Blogger]

35. We DID NOT get in this mess TOGETHER!

This was a huge failure of leadership. Own it.

[brentspeak]

43. Hillary: "We're all responsible...but THEY, the Commoners, should pay for it!"

[appalachiablue]

45. The Vampire Squid that's Conquering the World! as Matt said-

http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html

[radhika]

46. Can't help but wonder what Obama might have said to them....

Like when he made his famous statement as to why they would not be prosecuted (look forward, not back) And they used bad judgement, but didn't really break laws.

When he picked Geitner and Summers for his to Finance pros

When he made Wall Street friendly Eric Holder AG

When Jaime Dimon was one of the most frequent visitors to the White House, at least per official logs.

Someone got some shoulder rubs, indeed. I hope someday we get to learn of those speeches and those private conversations too. I strongly suspect Taibbi is on this even as we speak.

[DiehardLiberal]

59. Sadly I couldn't agree more. I have long suspected some deals were made.

I hope you are right that Taibbi is on it. Feel like we were totally sold out.

[askew]

78. As much as people like to smear Obama, there is no way he'd say anything close to that.

He is 200x the person Hillary is and as much as Bernie supporters don't want to give credit to Obama, he has been the best president since LBJ. He's going to be be remembered as an extraordinary president.

[Autumn]

48. "We all got into this mess together" So how come I didn't get bailed out when my 401K tanked?

[brentspeak]

53. Well, according to Erin Burnett and the other Wall St. media shills

Wall Street "paid everything back!" and "the government made a profit!", so now the World has been Made Right Again, right? The fact that the peons will have to learn to like eating dog food is not important -- all part of the "shared sacrifice".

[Autumn]

58. I bet I shredded my bailout check thinking it was junk mail.

"We all got into this mess together" if only we had been.

[senz]

50. So the banks are "we" and the American people are "them." Thanks, Bill & Hill!

Funny she all of a sudden cares about "them" in Flint.

Phony baloney she is.

[Warren DeMontague]

54. MATT TABERNIEBROIBBI!

sexism!

[Kip Humphrey]

56. MESSAGE to Golden Sacks: THAT political advice is not worth $675K.

[jen63]

57. Thank god for Taibbi.

He's a treasure.

[truedelphi]

67. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^n/t

[jalan48]

60. How many seniors who worked their entire lives saw 30-50% of their pensions vanish in 2008?

Fuck this we shit Hillary.

[elmac]

62. Who is this "we" she's talking about?

I didn't make the mess but I had to pay for it. The banksters and rich elite make the mess but we the people always bail them out.

[snowy owl]

71. Refresher Course for Tarp

There is a lot of misinformation about the original TARP program and what it was supposed to do. It was intended to help both financial industry and homeowners. But it was highjacked by both parties.

http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104

http://truth-out.org/archive/component/k2/item/82091:tarp-ii-money-for-banks-not-homeowners
TARP II, the second helping of $350 billion that is supposed to restore the health of our financial system, will soon be dished out by the Obama administration. Ostensibly, much of this money will go to help homeowners stay in their homes. But, as is the case with many Washington policies, this money is also going to end up in the bankers' pockets.

You are absolutely right. In the end, the rich got it all. Many people do not realize that funds were earmarked for homeowners So this was even more corrupt than it appears on the surface.

[Spitfire of ATJ]

63. Romney's 47% is now the 99%.

[Ruby the Liberal]

66. So THIS is why shes been cancelling Wall Street fundraisers left and right

[humbled_opinion]

68. She should suspend her campaign

because she certainly does not speak for anyone in the Democratic party with that kind of crap spout.... We all did not get in this together... the banks ripped off the working class people and when people lost their jobs they no longer could pay their mortgages so the government stepped up and used taxpayer money to bail them out so they can continue to soak we the poor and working class and she is just fine with that? I guess when you make millions from the super rich you actually feel that way... Hillary represents me about as much as Donald Trump does....

[Ferd Berfel]

69. This is why she will never release the speeches

They would have to be redacted to the point of being usless

it would end her support except by the most right wingnuts of the 'democratic' party.

[cascadiance]

126. Maybe Lee Camp and Ed Schultz could team up together on a Friday "Redacted" show with her as guest?

[Enthusiast]

70. Kicked and recommended!

We did not all get into this mess together. This was because the banks threw caution to the wind knowing full well the tax payer would be on the hook.

[Helen Borg]

72. it's always WE when it's time to pay

But not when it's time to spread the wealth...

[MrMickeysMom]

73. I think the movie, "Primary Colors" portraying "The Stantons" being confronted by Libby says it best

The Hillary Clinton character (Susan Stanton) is confronted by long time campaign staffer (Libby, played by Kathy Bates) after Libby finds out what the Stantons are willing to do to win an election. It doesn't mean anything to ruin an innocent person.

Susan Stanton:
That was a long time ago.... Libby, you said it yourself. We were young.

We didn't know how the world worked. Now we know.


Like Hillary said, "I've been through this before"...

[PatrickforO]

77. Only problem is that it WAS THEIR FAULT, the greedy fuckers.

[humbled_opinion]

84. What Democratic voter would vote

for this? She can't have it both ways, youcking it up behind the scenes and then lying to our faces.... Please some Hillary defender somewhere explain and defend this to me?

[Gary 50]

87. Take that you unproductive foolish banker bashers!

Hillary has put you in your place. But of course you were not meant to hear it. This wasn't a message for the peons but about the peons. Don't worry Goldman, Hillary has your back. Money well spent.

[Akamai]

89. With all Effing-due respect, the idea that the banksters were not responsible for this devastation

of human lives, of families, of their their futures (or were equally responsible as the the victims) is in effing-lie.

An effing lie.

Lives were ruined. For a short primer, look at "The Big Short" but there is more culpability than that, much more.

This is only one of the 1,001 plus reasons to support Bernie.

Go Bernie!!!

[restorefreedom]

97. more of this please, mr taibbi

keep it coming..

we knew it had to be something like this. combine more of these revelations with the video of her laughing about releasing the transcripts....

the ads really write themselves....

[klook]

99. "What they didn't understand back then

is that the impetus for that criminal activity was the willingness of massive banking institutions on Wall Street to buy up those bad loans in bulk. They created a market for those fraudulent loans, bought billions' worth of them from local lenders, and then chopped up and resold those bad loans to pension funds, unions and other suckers."

That's it in a nutshell. Every time you hear somebody say the criticism of Wall Street institutions is naive or misplaced, or "that's all SO nine years ago," remember that this summary by Matt Taibbi is the truth of what happened.

The criminals who profited from this corrupt scheme were richly rewarded for their trouble, retained their positions of power and influence, and very much want to be able to laugh Bernie Sanders and his campaign out of the room.

[TubbersUK]

102. K & R n/t

[flor-de-jasmim]

103. Thanks for mentioning Taibbi...

I saw the title of the article on an earlier post and decided not to click on "vampire squid"!

[CharlotteVale]

104. Hillary will never ever be for single payer but she will always & forever

love Wall St.

[AtomicKitten]

105. Lee Fang of the Intercept has corroborated those albeit anecdotal findings.

[grasswire]

132. do you happen to have a link to that, Kit? nt

[AtomicKitten]

133. I do.

http://www.democraticunderground.com/12511162556

[grasswire]

134. thanks loads.. nt

[WillyT]

108. K & R !!!

[underpants]

109. K

[Bread and Circus]

112. I have no doubt this is exactly the type of thing she said.

[hifiguy]

113. This is her 47% moment.

Say goodbye, Gracie.

[krawhitham]

130. not unless video surfaces

[Fla Dem]

115. No direct quotes in Taibbi's OP, he paraphrases and puts his own spin on his story.

"Even more significant than the $675,000 Hillary took from Goldman, or the $30 million in speaking income she and her husband received combined in the last 16 months, is the account of what Hillary apparently told Goldman she "thought" during those speeches.

No attribution to where he got this "account"

"According to Politico, who spoke to several attendees, Hillary used the opportunity to tell the bankers in attendance that the "banker-bashing so popular within both parties was unproductive and indeed foolish."

Again no direct quotes or attributions and Politico is a RW leaning publication.

She added that the proper attitude should be, "We all got into this mess together, and we're all going to have to work together to get out of it."

Taibbi's interpretation of the unsourced comments is that "we all" is the general public. My interpretation could be she didn't mean the general public when she supposedly said "we all"; she meant the government and politicians.

Taibbi woud fail a first year journalism course.

[Fast Walker 52]

124. do you really think she didn't say those things?

[99th_Monkey]

116. Small wonder Hillary didn't want her speeches recorded and the Press was excluded. n/t

[saidsimplesimon]

121. Rolling Stone has become an impressive

media alternative for those seeking "truth in reporting". imo

[Fast Walker 52]

123. that piece is pretty freaking damning

[WhiteHat]

125. Absolutely, 180 degree incorrect.

Here's the actual fact:

Bankers know with more than 99% accuracy which home loans are reliable to what degree. It's their business to know. When they write loans of different terms, they KNOW the percentages of failures, and plan for it.

When they write loans with more than a 30% failure rate, as we saw in the Bush years, banks EXPECT that failure rate, and they were/are absolutely correct. When the real estate market collapsed in 1998, they reaped their rewards.

Since Bill Clinton killed off Glass-Steagall, banks have been perfectly willing to assume 100% ownership of the properties they've underwritten, because after the departure of Glass-Steagall they could become property owners, something that was not allowed before. But the norm today. The majority of "middle-class" homes are rentals today, not owned by individuals.

It's actually the best investment banks can make since Glass-Steagall disappeared. During the Bush years, it was in the banks' best interest was to write impossible loans. Bush economic policy, led by Alan Greenspan (who has since admitted his mistake) literally drove banks into the real estate property management business, driving individual home owners out.

That's a HUGE change in banks' role in the ENTIRE US economy, with the expected result: In my father's time, it was expected for middle-class families to own their own home. Today, if you own a home in an economically successful region of America it means you are not middle class, you are the privileged.

Ahem. Hillary does not rent.

[Dont call me Shirley]

128. Blankfein's brain is a pendulum. Holy cow, his rationalizations are simply bonkers.

[libodem]

129. Hmmmm?

Sofa King Interesting.

[sulphurdunn]

136. If Hillary wins the presidency

the money will flood into the Clinton Foundation. The two of them will be so rich they won't need to kiss Lloyd Blankfein's ring anymore.

[ErikJ]

137. I thot she told them,"Cut it out!"

Thats what she said anyway in that debate.

[blackspade]

139. No wonder she won't release transcripts.

Romney's 47% speech comes to mind.....