Why DOES Wall Street 'love' Hillary Clinton?

[think]

Why DOES Wall Street 'love' Hillary Clinton?

By Errol Louis CNN Political Commentator - 8:29 AM EST Nov 18, 2015

(CNN) —If Hillary Clinton wants to shut down the populist surge of Sen. Bernie Sanders once and for all, she'll need to do a better job of explaining, and perhaps untangling, her complicated romance with Wall Street.

This includes not only the massive donations her campaign and the Clinton Foundation have received from gigantic financial firms, but the private speeches she has delivered to banking executives for eye-popping sums in excess of $250,000 per talk.

In a country where 42% of all employees are working for $15 an hour or less and a majority of voters want a higher minimum wage, Democrats seen as too close to Wall Street risk a backlash at the polls. The populist unease was on display during the most recent presidential debate, when Sanders, a socialist firebrand, accused Clinton of fostering, and benefiting from, a cozy relationship with big-money interests.

"Let's not be naive about it. Why, over her political career, has Wall Street been a major --- the major --- campaign contributor to Hillary Clinton?" Sanders asked rhetorically. "You know, maybe they're dumb and they don't know what they're going to get, but I don't think so."

~Snip~

"The big bankers love Clinton, and by and large they badly want her to be president. Many of the rich and powerful in the financial industry --- among them Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO James Gorman, Tom Nides, a powerful vice chairman at Morgan Stanley, and the heads of JPMorganChase and Bank of America --- consider Clinton a pragmatic problem-solver not prone to populist rhetoric. To them, she's someone who gets the idea that we all benefit if Wall Street and American business thrive," wrote Cohan in Politico.

As for Clinton's frequent promises to fight for middle-class voters and rein in Wall Street with new regulations, Cohan says the bankers aren't worried. "They dismiss it quickly as political maneuvers," he wrote. "None of them think she really means her populism."
~Snip~

Read more:
http://www.wyff4.com/national/why-does-wall-street-love-hillary-clinton/36519186

[upaloopa]

1. Gigantic financial firms don't contribute to campaigns.

Madam President

Less than 4 months until Super Tuesday.

[bahrbearian]

2. Just the super pacs

[upaloopa]

5. Try again $638,460 PAC cntributions so far

Source of Funds

legend
legend Individual Contributions
- Small Individual Contributions
- Large Individual Contributions $76,077,856
$13,292,382 (17%)
$62,785,473 (81%) (98%)
legend PAC Contributions $638,460 (1%)
legend Candidate self-financing $278,821 (0%)
legend Federal Funds $0 (0%)
legend Other $476,466 (1%)


http://www.opensecrets.org/pres16/candidate.php?id=N00000019

[bahrbearian]

14. Super Pacs can't contribute to a campaign, they work in secret , like Wall Street

Fraud is their business model.

[think]

3. Correct. The 40 or so lobbyist that work for those corporations work to bundle donations from their

top employees and other like minded individuals.

They only give to her super pacs and pay her $250K cold hard cash income to speak at them for an hour or two.

In fact the too big to fail banks paid her over $3 million in 2013 alone to speak to them...

[upaloopa]

6. If you had Hillary's background you'd want that for speaking engagements too.

People who work in the financial industry and contribute to campaigns do so just as anybody else does.

Shadow banks wrecked our economy something that Bernie doesn't want to deal with.

[think]

8. Goldman Sachs, Citgroup, and JP Morgan have routinely violated US law, rigged markets

and bilked their clients out of billions.

These are the too big to fail banks that are backing Clinton both financially and with campaign contributions from their executives.

Should we forget these facts to fit your narrative?

http://www.nytimes.com/2015/05/21/business/dealbook/5-big-banks-to-pay-billions-and-plead-guilty-in-currency-and-interest-rate-cases.html?_r=0

http://www.bloomberg.com/news/articles/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says

[upaloopa]

9. Too big to fail banks don't contibute to campaigns.

Hillary has a plan to regulate shadow banks, Bernie doesn't.
http://www.nytimes.com/2015/10/16/opinion/democrats-republicans-and-wall-street-tycoons.html
Paul Krugman

For what it’s worth, Mrs. Clinton had the better case. Mr. Sanders has been focused on restoring Glass-Steagall, the rule that separated deposit-taking banks from riskier wheeling and dealing. And repealing Glass-Steagall was indeed a mistake. But it’s not what caused the financial crisis, which arose instead from “shadow banks” like Lehman Brothers, which don’t take deposits but can nonetheless wreak havoc when they fail. Mrs. Clinton has laid out a plan to rein in shadow banks; so far, Mr. Sanders hasn’t.

But is Mrs. Clinton’s promise to take a tough line on the financial industry credible? Or would she, once in the White House, return to the finance-friendly, deregulatory policies of the 1990s?

Well, if Wall Street’s attitude and its political giving are any indication, financiers themselves believe that any Democrat, Mrs. Clinton very much included, would be serious about policing their industry’s excesses. And that’s why they’re doing all they can to elect a Republican.

[pangaia]

12. ". If you had Hillary's background you'd want that for speaking engagements too."

WTF?


Hillary's.....back... back..what.. ground?.. background?

Yeeeehaw....

With my background I. ME want that for speaking engagements.

I can NOT believe you actually wrote that .

[daleanime]

22. The list of people who contribute like they do....

is really short.

[Cosmic Kitten]

4. CEOs of Gigantic financial firms DO CONTRIBUTE

This chart shows 81%
of Hillary money comes from
BIG DONORS

Clinton’s 2000 campaign filing from the FEC reveals 44 donations from Citigroup, 54 from Goldman, 36 from Paine Webber, 43 from Deloitte, 21 from Credit Suisse and 18 from Merrill Lynch and Morgan Stanley

[upaloopa]

7. I am a big donor meaning I gave over $200 so far.

Big donors are not evil because they gave to Hillary's campaign.


You need the wealthy people because that's where you want to get your money for free tuition and single payer.

[pangaia]

13. "You need the wealthy people because that's where you want to get your money for free tuition

and single payer."

Again,, WHAT?

[leftofcool]

15. You think poor people and middle class people will be paying for free education?

[NurseJackie]

10. Anyone can make a chart. The image host reveals much.

What an amateur crackpot website!

[Armstead]

11. Naw they don't. Big money has no influence on politics and governing

I have a bridge in Brooklyn I'll sell you for a great price.

[99th_Monkey]

16. ""None of them think she really means her populism." <-- This

is what Wall St. Banksters know, all the while laughing their asses off, that so many "little people"
fall for it and vote for her anyway.

[Indepatriot]

17. Because they OWN HER.

[wilsonbooks]

18. Hillary won't regulate big banks

but she can be counted on to speak sharply to them, if they pay her enough to do it.

[think]

19. Too funny. TY

[jalan48]

20. Looks like Hillary is challenged by her 'poor splainin'.

But as long as we can all just smile and go to work at non-family wage jobs all is good. "Would you like fries with that Ms. Clinton?"

[pnwmom]

21. Except Paul Krugman just wrote about how the vast majority of Wall Street funds

are going to Republicans, not Hillary.

And we know the Koch bros are spending millions of their own money to fight her.

[Dustlawyer]

23. Anyone who believes that all of the Wall Street money donated and paid to Bill and Hillary makes no

difference in how she would regulate Wall Street etc., is just deluded. Fox News viewers are not the only victims of propaganda. Call it what you will, but this is open corruption. It is legalized bribery and it has to stop. It has taken away Representative Democracy and it is why former President Jimmy Carter has stated that we live in an oligarchical, fascists state, not a democracy.

Blame us Sanders supporters all you want, but we have a serious problem with campaign finance being used to buy almost all of our Representatives. If you cannot understand or believe this you are lying to yourself.