Clinton wants to insure Biotechs against losses. First banks, now Biotechs..

[Skwmom]

Last edited Tue Sep 15, 2015, 05:51 PM - Edit history (1)

She announced this at the Biotech Conference which was a really lucrative day for Hillary. She pocketed a $335,000 speaker fee. Wow, more than a quarter of a million dollars for a speech. What a payday! I think I am safe in saying Hillary doesn't suffer from any gender pay discrepancy.

http://www.businessinsider.com/here-are-all-the-six-figure-speaking-fees-that-hillary-clinton-received-after-leaving-the-state-dept-2015-5

“Maybe there’s a way of getting a representative group of actors at the table” to discuss how the federal government could help biotechs with “insurance against risk,” she said.

http://timesofsandiego.com/politics/2014/06/25/hillary-clinton-cheers-biotechers-backs-gmos-and-federal-help/

It would seem that the 1% (with all their money) are probably investing in biotechs. So now we should guarantee their losses, provide them with insurance like we do for the too big to fail banks. Really?

I wonder how many trillion that will cost us?

I wonder how much will be left over for the little people.

[Sanity Claws]

1. Private benefits, public losses AGAIN?

If they want insurance against risk, then it is no longer a private enterprise in which they reap all the benefits.

Can't have it both ways.

[Skwmom]

12. Capitalism with no risk because if they lose money the taxpayer will pick up the bill.

And if they make money, well there are plenty of tax loopholes.

I think that's what you'd call a WIN WIN - for the biotechs that is.

[HassleCat]

2. Well, yeah

That's SOP. When you show up and speak to a group such as this, and they give you a nice fee, you're expected to promise them something without really committing to anything. This is Candidate 101.

[Skwmom]

4. They don't pay that kind of money for mere rhetoric (That is common sense 101). n/t

[Tierra_y_Libertad]

3. How thoughtful and generous of her to look after the corporations.

[Skwmom]

5. She has been really steadfast in one thing...... n/t

[TBF]

6. It's what she does -

Going back to her days on the Board of Walmart. You don't become a multi millionaire by helping low income folks ...

[Angry Dragon]

7. the wealthy will not be happy until they have it all

[bunnies]

8. What could be more important that protecting her precious Monsanto with taxpayer money?

Amirite?

[Mnemosyne]

9. K&R nt

[TBF]

10. She doesn't work for us.

She works for these folks:

Lobbyists for Monsanto, ExxonMobil Raise Money for Hillary Clinton: Registered lobbyists brought in more than $2 million in fundraising for the Clinton campaign, recent filings show.
Jul 17, 2015 3:50 AM CDT

The former secretary of state raised more than $2 million from 40 "bundlers"—fundraisers who get their contacts to give to campaigns—who were also lobbyists, according to financial forms released Wednesday by the Federal Election Commission. In all, the Clinton campaign raised $46.7 million between the beginning of April and the end of June.

Bundlers, who are often wealthy or well-connected individuals, do more than donate to campaigns. They put their social networks to work for favorite candidates, persuading (often equally wealthy and well-connected) family members, friends, colleagues, and other contacts to donate as well, effectively bringing in far more money than they could under the current legal donation limits. Individuals can contribute $2,700 to candidate committees (as opposed to super PACS) for the primary election and the same amount for the general election, for a total of $5,400 in a campaign cycle. Campaigns don't have to disclose their bundlers—unless those bundlers are also lobbyists.

Clinton's bundlers include some familiar names: Jerry Crawford, an outside lobbyist to Monsanto and Iowa kingmaker, put together another $35,000 or so. Tony Podesta, a mega-lobbyist who co-founded the Podesta Group and is the brother of Clinton's campaign chair John, bundled almost $75,000.

http://www.bloomberg.com/politics/articles/2015-07-17/lobbyists-for-monsanto-exxon-mobile-raise-money-for-hillary-clinton

[liberal_at_heart]

11. K&R. This kind of twisted capitalism has to be stopped.

[Zorra]

13. She's the Third Way privatization candidate. Nominate her, and we're toast. nt