2016 Postmortem
Related: About this forum‘Risky’ Shadow Banks Put Millions Into Clinton's Campaign
Hillary Clinton has vowed to be tougher on Wall Street than any other presidential candidate, but that hasnt stopped the financial industry from sending a flood of cash to help elect her.
That includes segments of finance she has singled out for greater oversight in her plan to rein in "shadow banking," where financial companies act like banks without being regulated like them. Hedge funds, private equity and insurance executives, who could face greater oversight under the plan, have given a combined $24.9 million to Clinton and the super-PACs supporting her, a Bloomberg review of campaign finance records shows.
Throughout her campaign, Clinton has taken a hard line on Wall Street interests. She came out in favor of the Commodity Future Trading Commissions efforts to prevent hedge funds and other traders from excessive speculation in oil and metal markets. She also endorsed a Labor Department rule that seeks to rein in biased investment advice from brokers who handle retirement accounts. The finance industry has lobbied aggressively against both regulations.
Those positions, however, havent been enough to beat back criticism that shes too close to the industry. Bernie Sanders, her opponent, has made tightening bank regulations a centerpiece of his campaign, and he has repeatedly attacked Clinton for lucrative speeches she gave to Wall Street firms following her tenure as U.S. Secretary of State.
Marc Lasry, a longtime Clinton donor and chairman of hedge fund Avenue Capital Management, said that Clintons Wall Street contributors view her as reasonable and unlikely to take policy positions that arent feasible.
more...
http://www.bloomberg.com/news/articles/2016-05-19/shadow-banks-clinton-flags-as-risky-put-millions-into-her-run
Faux pas
(14,689 posts)shocked I tell ya....NOT. Every time I see her dishonest smirky mug I wanna and some more.
FlatBaroque
(3,160 posts)who thinks she is royalty.
Faux pas
(14,689 posts)her supporters think she is too
NewImproved Deal
(534 posts)Her parasitism keeps "evolving"...
[link:|
MisterP
(23,730 posts)soon someone will post about how DARE they not take her at her word!
she said it, they believe it, that settles it
felix_numinous
(5,198 posts)that should disqualify a candidate from being considered trustworthy enough to lead the country. We either respect the laws of the land, or we don't--and laws created to self serve the 1% must be questioned for legitimacy.