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Luminous Animal

(27,310 posts)
Wed Aug 26, 2015, 10:42 AM Aug 2015

Progressives demand answers from Clinton on Golden parachute payouts

A coalition of eight progressive organizations, using material previously published at The Intercept, have challenged Hillary Clinton to disavow the use of “golden parachute” bonuses for former Wall Street executives who enter government service.

In a letter to the Clinton campaign delivered today, the organizations, including Rootstrikers, Democracy for America, CREDO and MoveOn.org Political Action, refer to two top aides to Clinton when she served as Secretary of State, Thomas Nides and Robert Hormats. As The Intercept reported in July, Nides and Hormats received millions of dollars in golden parachute payments from their respective ex-employers, investment banks Morgan Stanley and Goldman Sachs, after becoming Clinton’s deputies.

....

The “Financial Services Conflict of Interest Act,” introduced by Sen. Tammy Baldwin (D-Wisc.) and Rep. Elijah Cummings (D-Md.), would ban Wall Street golden parachute payments. The bill would also extend the lobbying “cooling-off” period for officials rotating out of government from one to two years, and force policymakers to recuse themselves from decisions that would benefit their former employers.

....

Last month, Sen. Elizabeth Warren (D-Mass.) publicly challenged presidential candidates to support the Baldwin/Cummings legislation. Bernie Sanders and Martin O’Malley, two Democratic hopefuls, have already endorsed it; Sanders is a co-sponsor of the bill. But the Clinton campaign has yet to make their position clear, prompting the escalation by these progressive groups.

https://firstlook.org/theintercept/2015/08/26/progressives-demand-answers-clinton-golden-parachutes-wall-streeters-turned-government-officials/


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Progressives demand answers from Clinton on Golden parachute payouts (Original Post) Luminous Animal Aug 2015 OP
"Demanding answers". SonderWoman Aug 2015 #1
LOL - so she answered before asked MaggieD Aug 2015 #3
Someone should inform them. SonderWoman Aug 2015 #4
Someone should have informed 2009 Clinton what 2007 Clinton was saying. Luminous Animal Aug 2015 #6
Nope. SonderWoman Aug 2015 #8
she chose. he approved and nominated. this ain't rocket science. cali Aug 2015 #9
"In accepting the State job, Clinton insisted on hiring her own staff." Luminous Animal Aug 2015 #5
Nope. SonderWoman Aug 2015 #7
let me explain this to you really simply. cali Aug 2015 #10
The nomination was protocal. The decision was hers. Luminous Animal Aug 2015 #11
Very interesting isn't it that the media focus on the emails which snagglepuss Aug 2015 #2
Oh, come on ~ left-of-center2012 Aug 2015 #12
kick Luminous Animal Aug 2015 #13
K&R SMC22307 Aug 2015 #14
 

SonderWoman

(1,169 posts)
1. "Demanding answers".
Wed Aug 26, 2015, 11:07 AM
Aug 2015

Enough with corporate welfare; enough with golden parachutes.

"Let’s finally do something about the growing economic inequality that is tearing our country apart. The top 1% of our households hold 22% of our nation’s wealth. That is the highest concentration of wealth in a very small number of people since 1929. So let’s close that gap. Let’s start holding corporate America responsible, make them pay their fair share again. Enough with the corporate welfare. Enough with the golden parachutes. And enough with the tax incentives for companies to shift jobs overseas". Hillary Clinton June 2007

Close lobbyists’ revolving door; end no-bid contracts

"I believe that the foundation of a strong economy doesn’t begin with giving people who are already privileged and wealthy even more benefits. I think it comes from shared prosperity.

Let’s start by cleaning up the government, replacing this culture of corruption and cronyism with a culture of competence and caring again. Let’s stop outsourcing critical government functions to private companies that overcharge and underperform! Let’s close the revolving door between government and the lobbying shop, and let’s end the no-bid contracts for Halliburton and the other well-connected companies!

And how about the radical idea of appointing people who are actually qualified for the positions that we ask them to hold for us! Well, when I’m president, the entrance to the White House will no longer be a revolving for the well connected, but a door of opportunity for the well qualified. "-Hillary Clinton June 2007

And those State Dept aides are appointed by President.

Luminous Animal

(27,310 posts)
6. Someone should have informed 2009 Clinton what 2007 Clinton was saying.
Wed Aug 26, 2015, 11:57 AM
Aug 2015

Because it was Clinton (not Obama) who hired Nides, mentioned in the petition, from Morgan Stanley.

 

SonderWoman

(1,169 posts)
8. Nope.
Wed Aug 26, 2015, 11:58 AM
Aug 2015

President of the United States Barack Obama nominated Nides to be Deputy Secretary of State for Management and Resources on September 29, 2010

 

cali

(114,904 posts)
9. she chose. he approved and nominated. this ain't rocket science.
Wed Aug 26, 2015, 12:11 PM
Aug 2015

Next you'll b denying Hillary's close ties with wall street.

Luminous Animal

(27,310 posts)
5. "In accepting the State job, Clinton insisted on hiring her own staff."
Wed Aug 26, 2015, 11:51 AM
Aug 2015
http://nymag.com/news/features/hillary-clinton-2013-9/index2.html

To keep things operating smoothly, she hired Tom Nides, the COO of Morgan Stanley, who’d contributed heavily to Clinton’s past campaigns.


 

SonderWoman

(1,169 posts)
7. Nope.
Wed Aug 26, 2015, 11:58 AM
Aug 2015

President of the United States Barack Obama nominated Nides to be Deputy Secretary of State for Management and Resources on September 29, 2010

 

cali

(114,904 posts)
10. let me explain this to you really simply.
Wed Aug 26, 2015, 12:17 PM
Aug 2015

The SoS can't nominate anyone who needs Senate approval. In Hillary's case she had and agreement with Obama that she would choose her own staff- with one exception, her pal Sid. She chose. The president nominated her choices. This has been well documented.

Denial isn't healthy.

Luminous Animal

(27,310 posts)
11. The nomination was protocal. The decision was hers.
Wed Aug 26, 2015, 12:23 PM
Aug 2015

You can Nope all you want but it is well-chronicled that she was given near free rein to hire State personnel.

snagglepuss

(12,704 posts)
2. Very interesting isn't it that the media focus on the emails which
Wed Aug 26, 2015, 11:25 AM
Aug 2015

has so many grey areas but totally ignoring a travesty which is outrageously wrong.

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