2016 Postmortem
Related: About this forumProgressives demand answers from Clinton on Golden parachute payouts
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 Clintons deputies.
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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.
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Last month, Sen. Elizabeth Warren (D-Mass.) publicly challenged presidential candidates to support the Baldwin/Cummings legislation. Bernie Sanders and Martin OMalley, 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/
SonderWoman
(1,169 posts)Enough with corporate welfare; enough with golden parachutes.
"Lets finally do something about the growing economic inequality that is tearing our country apart. The top 1% of our households hold 22% of our nations wealth. That is the highest concentration of wealth in a very small number of people since 1929. So lets close that gap. Lets 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 doesnt begin with giving people who are already privileged and wealthy even more benefits. I think it comes from shared prosperity.
Lets start by cleaning up the government, replacing this culture of corruption and cronyism with a culture of competence and caring again. Lets stop outsourcing critical government functions to private companies that overcharge and underperform! Lets close the revolving door between government and the lobbying shop, and lets 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 Im 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.
MaggieD
(7,393 posts).... as usual.
SonderWoman
(1,169 posts)Luminous Animal
(27,310 posts)Because it was Clinton (not Obama) who hired Nides, mentioned in the petition, from Morgan Stanley.
SonderWoman
(1,169 posts)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)Next you'll b denying Hillary's close ties with wall street.
Luminous Animal
(27,310 posts)SonderWoman
(1,169 posts)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)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)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)has so many grey areas but totally ignoring a travesty which is outrageously wrong.
left-of-center2012
(34,195 posts)She'll answer that question after being elected President.
(Or was that a different question?)