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2016 Postmortem
Showing Original Post only (View all)If you want to learn WHY Bill and Hillary Clinton are so close to Wall Street... [View all]
...helped repeal Glass-Steagall, became empathetic with those in natural gas and fracking and other mineral extraction industries, and seemed content with irregular international banking practices a la BCCI; then check out this article from the great Barbara Demick, once of The Philadelphia Inquirer, which ran three days before the inauguration of President Clinton in 1993:
Clinton's Wealth Of Support
An Arkansas Family Has Been A Backer,
And A Source Of Controversy.
By Barbara Demick
PHILADELPHIA INQUIRER STAFF WRITER, January 17, 1993
EXCERPT...
Early in the game, the Stephenses raised $100,000 in Arkansas to get Clinton's candidacy up and running. Then last spring, when Clinton was trailing both George Bush and Ross Perot, Worthen Bank supplied the cash- starved campaign with a $3.5 million line of credit.
SNIP...
The centerpiece of the family's $1 billion empire is Stephens Inc., one of the largest investment banking firms off Wall Street. In addition to its 38 percent interest in Worthen Bank, the family owns stakes in oil and natural gas, utilities, nursing homes, waste management, diamond mining and hog farming.
SNIP...
The Stephens businesses are often represented by the Rose law firm, where Hillary Clinton has been a partner. Until the mid-1980s, they owned Arkla Inc., the Shreveport, La., natural-gas utility from which Clinton tapped chairman Thomas F. "Mack" McLarty as his White House chief of staff. Their investment firm serves as business manager to Linda Bloodworth-Thomason and Harry Thomason, the Hollywood couple who helped choreograph Clinton's public image.
SNIP...
In 1978, federal securities regulators alleged that Stephens, along with Lance, helped Middle Eastern investors linked to BCCI secretly buy up shares in a Washington bank. Stephens and the others settled the civil lawsuit by signing a consent decree in which they neither admitted nor denied wrongdoing.
SNIP...
The Stephenses have extensive holdings in natural gas, a resource strongly supported by Clinton. They, along with Bradbury, have been vocal proponents of easing banking regulations - in particular the limits on interstate banking and the Glass-Steagal Act, which separates banks from brokerage firms.
CONTINUED...
http://articles.philly.com/1993-01-17/news/25959645_1_worthen-bank-stephens-family-bill-clinton
The whole article is worth reading if you want to understand Ms. Clinton and where she's coming from -- and where she will lead.
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If you want to learn WHY Bill and Hillary Clinton are so close to Wall Street... [View all]
Octafish
Mar 2016
OP
K&R....but...but...it's 'so 90's...' - the statutes of realization have apparently expired...
islandmkl
Mar 2016
#3
the role of Glass-Steagal in the economic crash as been debunked by both sides repeatedly. nt
Jitter65
Mar 2016
#6
pretty much the same trajectory for me. "the bell can't be unrung" <-- totally.
nashville_brook
Mar 2016
#21
Ms. Clinton was paid $225,000 by UBS to speak to the Wealth Management department on July 11, 2013.
Octafish
Apr 2016
#38
That was a walk down Memory Lane; Hillary's "commodities trading profits" were from that era
BernieforPres2016
Mar 2016
#25
President Obama thought this way once. He resisted using a Super PAC in 2012.
Trust Buster
Mar 2016
#28
Obama's Big Sellout: The President has Packed His Economic Team with Wall Street Insiders
Octafish
Apr 2016
#42
Willie Sutton (criminal) is alleged to have said (but he denied it): He robbed banks because
NCjack
Mar 2016
#30