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Bonobo

(29,257 posts)
Wed Sep 23, 2015, 06:04 AM Sep 2015

THIS article should make it quite clear how Hillary is a "corporatist" shackled to Wall St.

http://www.huffingtonpost.com/entry/hillary-clinton-wall-street-golden-parachutes_55de1460e4b0a40aa3ad3d87


(Hillary Clinton with Goldman Sachs CEO Lloyd Blankfein.)

The groups note that during Clinton's tenure as secretary of state, two of her aides -- former Deputy Secretary Tom Nides and former undersecretary Robert Hormats -- received large bonuses, or "golden parachutes," from their Wall Street employers when they left to join Clinton's staff. Nides worked at Morgan Stanley before he joined the State Department, and has since returned; Hormats worked at Goldman Sachs.

"Awarding outsized bonuses and gifts of equity to Wall Street executives who temporarily leave to go into public service is either a breach of a public corporation’s fiduciary duty to its stockholders, or a down payment on future services rendered," the letter said.

"If the latter, it at best creates the appearance of corruption and conflict of interest. At worst, it results in undue and inappropriate corporate influence at the highest levels of government -- in essence, a barely legal, backdoor form of bribery."

"Golden parachutes for government service are rare in most industries, but common among senior government officials who were previously employed at Wall Street banks," the letter continued. "Golden parachutes have become so common and corrosive to the public trust that it has become clear the next president should prohibit executive branch employees from receiving them altogether."

Clinton's campaign did not return a request for comment about whether she would support Baldwin and Cummings' bill, and has previously declined to comment about golden parachutes for stories from other media outlets.
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THIS article should make it quite clear how Hillary is a "corporatist" shackled to Wall St. (Original Post) Bonobo Sep 2015 OP
I so want Bernie to win Art_from_Ark Sep 2015 #1
I feel you, Art. As one expat to another. nt Bonobo Sep 2015 #2
My mom is a Hillary supporter Art_from_Ark Sep 2015 #4
She's owned and a hawk. tecelote Sep 2015 #6
I understand that Art_from_Ark Sep 2015 #7
She promised "not a hint of impropriety" or some such bullshit. Instead she's brought ... Scuba Sep 2015 #3
This again? You do know that Hillary supports Tammy Baldwin's revolving door bill, right? DanTex Sep 2015 #5
That bill is pretty weak. How about a pledge not to hire any Wall Street bankers at all! reformist2 Sep 2015 #8
Then why decline to comment? Android3.14 Sep 2015 #10
Did you know the word "gullible" is actually not in the dictionary? Bonobo Sep 2015 #11
Oh, Rupert! hifiguy Sep 2015 #22
Wow! Two years. tecelote Sep 2015 #13
Kick and R BeanMusical Sep 2015 #9
Birds of a feather. CharlotteVale Sep 2015 #12
Golden showers would be more appropriate. pangaia Sep 2015 #14
Only people who aren't "corporatists" are those unaffiliated with Wall St. raouldukelives Sep 2015 #15
Some people try to pretend that "corporatist" has no meaning... Bonobo Sep 2015 #17
And don't forget that according to Chimpy hifiguy Sep 2015 #23
If you believe you can win elections in this country by totally bashing the corporatists and Wall St kelliekat44 Sep 2015 #16
3rd Way has "given and taken" the USA into a death spiral 99th_Monkey Sep 2015 #18
Wrestling policy away from the corporate agenda is not "going after the 'perfect'". Maedhros Sep 2015 #28
K&R magical thyme Sep 2015 #19
She is WELDED to the banksters. hifiguy Sep 2015 #20
When the gold dust settles after the epic money fueled oasis Sep 2015 #21
Dan Tex, THIS is a golden parachute. nt Bonobo Sep 2015 #24
Robert Hormats was Clinton's UNDERSECRETARY FOR ECONOMIC GROWTH antigop Sep 2015 #25
and if they had to sell their GS/MS stock, I"ll bet they avoided a capital gains tax antigop Sep 2015 #26
Anyone know why Blankfein is wearing a solid green button? Fawke Em Sep 2015 #27
Kicked and recommended. Uncle Joe Sep 2015 #29
Hillary will sell your first child to the CEO of FORD!!!! uponit7771 Sep 2015 #30

Art_from_Ark

(27,247 posts)
1. I so want Bernie to win
Wed Sep 23, 2015, 06:10 AM
Sep 2015

And I am saying this as someone who was thrilled when Bill Clinton was elected as the youngest governor in the US in 1978, and elected as President in 1992 and 1996. And who met both Bill and Hillary at the Springdale, Arkansas airport in August 1993.

Art_from_Ark

(27,247 posts)
4. My mom is a Hillary supporter
Wed Sep 23, 2015, 06:32 AM
Sep 2015

She has her own set of unique reasons for that, and I can appreciate why she supports Hillary, the least of which is Bill's efforts as governor to provide for a homestead exemption for property taxes, which have benefited my mom to a huge extent. So whenever I'm back in my hometown, we never discuss the primaries, we just focus on how bad the Republicans are. But I still prefer Bernie.

Art_from_Ark

(27,247 posts)
7. I understand that
Wed Sep 23, 2015, 06:51 AM
Sep 2015

Those are some of the reasons why I am not at all thrilled with Hillary. My mom, on the other hand, is benefiting from some things that Bill did as governor of Arkansas. So I can't really discuss the primaries with her.

 

Scuba

(53,475 posts)
3. She promised "not a hint of impropriety" or some such bullshit. Instead she's brought ...
Wed Sep 23, 2015, 06:32 AM
Sep 2015

... all kinds of shit down on herself.

Not the kind of person I want as Commander in Chief.

DanTex

(20,709 posts)
5. This again? You do know that Hillary supports Tammy Baldwin's revolving door bill, right?
Wed Sep 23, 2015, 06:36 AM
Sep 2015

I guess you didn't, hence the OP. And obviously, now that you have this information, you're going to revise your views on this, like a rational person would do. LOL.

http://www.huffingtonpost.com/hillary-clinton/wall-street-revolving-door_b_8064504.html

 

Android3.14

(5,402 posts)
10. Then why decline to comment?
Wed Sep 23, 2015, 07:08 AM
Sep 2015

Have her corporate masters told her to stay away from this issue since then?

tecelote

(5,122 posts)
13. Wow! Two years.
Wed Sep 23, 2015, 08:16 AM
Sep 2015

"Right now, government employees entrusted with oversight are required by law to recuse themselves from any cases involving their former employers for one year. That's not long enough. This bill would bump it up to two years. And for people leaving government service, this bill would prevent them from taking a job at a company they oversaw until at least two years have passed."

That's not long enough. How about five or ten for past employers and never for future employment.

Hey - if you can help us avoid these regulations, you have a $500,000 a year job waiting in a couple of years. What's a couple of years?

I doubt it will have any effect at all.

raouldukelives

(5,178 posts)
15. Only people who aren't "corporatists" are those unaffiliated with Wall St.
Wed Sep 23, 2015, 09:13 AM
Sep 2015

There are those who want all people, of all races, to be heard and there are those who daily assure only corporations are in control of our democracy.

For some, lives matter. For others, only money. We live in the most democracy they will allow thanks to their love of money above all else.

It will only get better when they start taking the mantle of liberty & justice for all seriously. I wouldn't hold my breath.

Bonobo

(29,257 posts)
17. Some people try to pretend that "corporatist" has no meaning...
Wed Sep 23, 2015, 11:39 AM
Sep 2015

Let me spell it out. It means putting the interest of corporations over people. More specifically, in means the tendency to be beholding to Wall St. interests for your political career -a reality underscored by the close "cronyism" that can be seen in the golden parachutes offered to Wall St. figures and the profitable speaking arrangements to the tune of hundreds of thousands of dollars per speech. The proverbial washing of each other's backs.

Hell, even Chelsea is right in there with Wall Street. It's like Europe, rotal families all tied together, impossible to separate.

 

hifiguy

(33,688 posts)
23. And don't forget that according to Chimpy
Thu Sep 24, 2015, 04:21 PM
Sep 2015

the Clintons are "honorary members" of the Bush family and he thinks of HRH as "a sister-in-law."

WHAT MORE PROOF DO YOU NEED, PEOPLE?

She is NOT on the side of ordinary Americans.

 

kelliekat44

(7,759 posts)
16. If you believe you can win elections in this country by totally bashing the corporatists and Wall St
Wed Sep 23, 2015, 09:21 AM
Sep 2015

think again. Negotiation is based on give and take, win some lose some. The ACA would never even have a modicum of chance to pass had negotiations with big Pharma not taken place. It was a bad deal as far as prescription drug prices but a huge deal as far as people getting insurance for medical care. It wasn't a perfect deal but it was a deal that helped millions. Now the hard work making prescription drug fixes must begin and it will.
You have to be able to negotiate not bash you enemy. Who among the Dems will even be able to sit down at the table with the corporatists and negotiate in good faith? Backing your enemy into a corner or bashing them without demonstrating an ounce of perspective about the other side forces the enemy to close ranks and do more harm than good. We backed Saddam, Gadaffi, and now Assad into a corner and looked where that has gotten us. It is a failed strategy to give your enemy no face-saving way out. The RW practices the no-way-out approach to governing in Congress and look where that has gotten the country. We seem to always want to kill the "possible" gong after the "perfect."

 

99th_Monkey

(19,326 posts)
18. 3rd Way has "given and taken" the USA into a death spiral
Wed Sep 23, 2015, 12:16 PM
Sep 2015

into the yawning jaws of TPP, into endless war, away from single-payer, into
threats to fuck with Social Security and Medicare, etc.

That's where 'give and take' has taken us. Down the proverbial river without
a paddle.

But wait!! There is a paddle called Bernie Sanders 2016. Let's use it!!

 

Maedhros

(10,007 posts)
28. Wrestling policy away from the corporate agenda is not "going after the 'perfect'".
Fri Sep 25, 2015, 02:47 PM
Sep 2015

It's the bare fucking minimum.

Stop excusing corporate toadyism as some kind of reasoned compromise.

oasis

(49,389 posts)
21. When the gold dust settles after the epic money fueled
Thu Sep 24, 2015, 04:17 PM
Sep 2015

GE battle, let's hope the one left standing is a Democrat.

antigop

(12,778 posts)
26. and if they had to sell their GS/MS stock, I"ll bet they avoided a capital gains tax
Fri Sep 25, 2015, 02:28 PM
Sep 2015

according to a tax loophole

Page 107 of "Why I Left Goldman Sachs" by Greg Smith:

In retrospect, I recognized that this was also the trade of the century for Hank Paulson. To avoid conflict of interest while at the government, he was obligated to sell all his Goldman stock ($500 million worth) at the top of the market, before the crash. Also, due to a tax loophole, for accepting government service, he avoided paying capital gains tax.

Fawke Em

(11,366 posts)
27. Anyone know why Blankfein is wearing a solid green button?
Fri Sep 25, 2015, 02:42 PM
Sep 2015

There's no wording on it, so it's not like he's sporting some company slogan.

What's the purpose of it?

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