Why Wall Street Gives Millions to Hillary (As a Former Goldman Sachs Banker,

[Katashi_itto]

I Say Bernie Has It Right)

Raghuram Rajan, now the head of India's central bank, once wrote an academic paper blaming the financial crisis on poor people. Just yesterday, Bill Clinton placed blame for the crisis on our government. Anyone who has seen the Oscar-winning documentary Inside Job knows full well that the crisis was caused by our banks.

Banks lent trillions of dollars to home buyers on too loose of terms knowing that they could turn the resulting junk mortgages into AAA securities through the alchemy of CDOs and securitization and thus generate hundreds of billions of profit and leave the resulting mortgage mess to their investing clients.

But the financial crisis is behind us, right? Why would Wall Street shower Hillary Clinton with millions of dollars in speaking fees and tens of millions in campaign contributions?

I think it is an insurance policy. Wall Street wants a friend in the White House to protect the status quo, and if they can't get a Republican elected, Hillary is the next best thing. I think they need a friend in government because the industry could not survive an investigation into how they actually make their profits.

http://www.huffingtonpost.com/john-r-talbott/why-wall-street-gives-mil_b_9049992.html

[cali]

1. Wall street has a friend in Hillary

[Cassiopeia]

3. I wonder if her speaking events opened with a song like this

[daleanime]

2. I think you're right.

[Hoyt]

4. I respect Clinton for coning the banksters into helping finance her run against the GOPers.

Banksters, corporations, unions, schools, professional associations, etc., usually give something to all candidates with a chance to win. Wish there were real restrictions on what they can give -- if anything -- but there is not. If we want to beat the GOPers, we'll need funding. Might as well take some from them as long as we still tell them NO when it counts.

[hobbit709]

5. Assuming she actually tells them NO when it counts.

Her record doesn't indicate that she will act against her $pon$or$.

[Hoyt]

7. Her banking reform plan is stronger than Sanders'.

[jeff47]

13. Yes, the plan written by bankers is totally going to hurt them more.

[green917]

40. if by stronger

You mean less inclined to actually curtail the types of activities that cause the near collapse in 2008 then, sure it's better...better for the banks.

[Katashi_itto]

6. You seriously believe that?

[Hoyt]

9. I do. FDR was not anti-bank, but he controlled them tightly.

[Katashi_itto]

10. Hillary is no FDR. Not in your wildest dreams....well maybe yours.

[Hoyt]

18. Since she has not been inaugurated yet, you don't know. Look at FDR before he was inaugurated.

You will be surprised. Heck, he won the nomination in a brokered convention.

[daybranch]

17. What are you smoking?

she is already stating she will serve their interests in her half measures. They seem awfully pleased with her past performance as a senator and SOS.

[Hoyt]

19. Some mighty good economists think her plan reaches further than Sanders'. I guess they are persona

non grata here now.

[Phlem]

25. Wow.

That's a yoouuuuuge steaming pile of BS.

[Hoyt]

26. BS is apt.

[Phlem]

27. yep. You would now.

[Lokijohn]

30. You're part right, she is conning someone

but I don't think its that group you mentioned

Go Bernie!

[Skwmom]

8. Wall Street has friends on both sides of the aisle. Who do you think gave millions to Obama? n/t

[Tierra_y_Libertad]

11. Naww. They're investing in her because they such good friends of the workers.

Or, like most investors, they expect a return on their investments.

[antigop]

12. k&r nt

[Proserpina]

14. Banksters need a friend, because it's gonna happen all over again

and they want another bailout when it does, baby!

Since nothing has been changed in the way Wall Street operates (as Bernie says, their business model is fraud) and little to no regulation has been imposed or enforced, we are sitting chained to another financial timebomb.

We have three possible futures, as I see it.

1) The bomb goes off before the Convention, and Hillary's campaign spontaneously combusts.

2) The bomb goes off after Bernie is nominated, and his coat-tails drag in the largest Democratic Progressive majority either the House or the Senate has ever seen since FDR.

3) The bomb goes off after Bernie enters the White House, and we have a chance to do the job right and in a timely fashion. A lot of bankers leave town and the borders.

[azmom]

20. The banks are even bigger now.

It won't be pretty.

[Proserpina]

21. You are correct

but there are fewer of them. So it's probably a wash as far as time and effort and pain.

[B Calm]

15. They are afraid Pres Bernie will tax stock trades.

[EndElectoral]

16. Anyone is nuts who doesn't think Wall St. gives money w/o access and favoritism in policies.

[jwirr]

22. Just an aside question: In paragraph 2 you give the reason

why the bankers did this - does this also apply to credit cards?

[Indepatriot]

23. KAAAAAAAAABOOOOOOOM!

That's the whole thing, right there in print for those clueless enough to have not figured this out yet. Wonder it they'll post this in the Hillary Group?

[hobbit709]

24. Anyone that even thinks about it there will be blocked yesterday.

[MynameisBlarney]

28. Hillary changes tactics.

https://i.chzbgr.com/full/8606814976/h582C73D5/

[wordpix]

29. "could not survive an investigation "

Not only a bankster investigation but also a health insurance /provider /big pharma/fraudulent billing investigation is needed. I trust Bernie to push the doj to investigate these criminal cabals and all the conspiracies involved including tax havens and "inversions "

[Politicub]

31. We all get it - Sanders is running an exclusionary campaign

First, the article is written around a logical fallacy -- since Bill Clinton did X, then Y must be true because she's married to Bill. But politics is full of those, so no harm no foul there.

In addition to "Wall Street," Hillary's donors include people from every walk of life. Some of which are shit-throwing howler monkeys.

But the thing is, I see many more poop flingers in Bernie's column. His supporters have turned his campaign into Grover Norquist-eqsue loyalty oath fever dream. If you don't tow the party line, you get thrown to the curb. I don't see that Happening with most of Hillary's supporters. Like the candidate herself, we're pragmatists who accept that there is no utopia. It takes grit and dermination to get things done. And yes, sometimes compromise. Even if the dems win the executive and legislative branches of government, compromise will still be required. Look up the Stupak amendment and how it came close to derailing Obamacare. It took a compromise position to get the bill passed. And I'm so glad it did get passed.

[Katashi_itto]

32. Did or did not Wall Street shower Hillary Clinton with millions of dollars in speaking fees

and tens of millions in campaign contributions?

[Politicub]

33. A lot of people invited her to speak -- she's an usually talented speaker

And gets people to listen.

I guess she should ignore people you don't like because they're not really people -- they're ambiguous Wall Street.

[Katashi_itto]

34. For a fee of $275,000, she had agreed to appear before the clients of GoldenTree Asset Management

, the capstone of a lucrative speechmaking sprint through Wall Street that earned her more than $2 million in less than seven months.

So the Question which you tired to sidestep is:

"Did or did not Wall Street shower Hillary Clinton with millions of dollars in speaking fees and tens of millions in campaign contributions?"

[Politicub]

36. I'm not going to play your inqusition game

How medieval - "Did or did not"

Maybe you should try water boarding me to get the answer you want.

[Katashi_itto]

37. Awww can't answer the question...which answers the question.

[Politicub]

38. This is like second grade on the playground

"Nanny nanny boo boo I win"

[Katashi_itto]

39. Well answer the question. Simple.

[Uncle Joe]

35. Kicked and recommended.

Thanks for the thread, Katashi_itto.

[Katashi_itto]

41. I want to see the transcripts of her speeches.