Rated TRUE: Hillary Clinton says she called for Wall Street regulations early in the financial cri

Rated TRUE: Hillary Clinton says she called for Wall Street regulations early in the financial crisis http://www.politifact.com/truth-o-meter/statements/2015/jul/15/hillary-clinton/hillary-clinton-says-she-called-wall-street-regula/ … #p2 #uniteblue


Says she "called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight" early on in the financial crisis.





— Hillary Clinton on Monday, July 13th, 2015 in remarks in Manhattan
Hillary Clinton says she called for Wall Street regulations early in the financial crisis



http://www.politifact.com/truth-o-meter/statements/2015/jul/15/hillary-clinton/hillary-clinton-says-she-called-wall-street-regula/

By Lauren Carroll on Wednesday, July 15th, 2015 at 10:15 a.m.
Democratic presidential candidate Hillary Clinton lays out her economic platform in a speech in Manhattan July 13, 2015.

Hillary Clinton has a reputation for being cozy with Wall Street -- but in her 2016 campaign, she’s been striking populist tones.

Clinton introduced her plan for a variety of economic issues in a speech at the New School in Manhattan on July 14, 2015. As president, she said, she would go "beyond Dodd-Frank" -- the regulations on financial institutions that took hold in 2010, following the economic crisis of 2007-08.

She said she had been calling for financial regulations since the very early stages of the crisis.

"As we all know, in the years before the crash, financial firms piled risk upon risk, and regulators in Washington either couldn’t or wouldn’t keep up," she said. "I was alarmed by this gathering storm and called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight."

Clinton used to be the senator from New York, the home of Wall Street. She has a history of campaign backing from the finance industry and of delivering high-priced speeches to finance firms, such as Goldman Sachs. And her husband, former President Bill Clinton, signed the repeal of a bank break-up bill, the Glass-Steagall Act -- a deregulation that some critics believe contributed to the financial crisis.

So we questioned Hillary Clinton’s record of addressing financial regulations. Did she address derivatives, subprime mortgages and financial oversight so early in the crisis?