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portlander23

(2,078 posts)
Sat Oct 17, 2015, 07:45 PM Oct 2015

Lobbyist: Hillary Clinton will become Mrs. Wall Street if she’s elected

Some Bankers Don’t Buy What Clinton Is Selling
GABE RUBIN
OCTOBER 14, 2015

Hillary Clinton is campaigning as a president who will be tough on Wall Street. But the leader of one powerful bank lobby isn’t buying it.

Camden Fine, the head of the Independent Community Bankers of America, said Clinton’s stance on regulating large Wall Street banks is pure politicking.

“She’s doing that because of Bernie. If Hillary is elected president of the United States, it’s gonna be $500 billion, and that’s fine,” Fine said in an interview with Morning Consult, referring to a policy proposed by Senate Republicans to loosen Dodd-Frank regulations. “She’s gonna all of a sudden become Mrs. Wall Street if she’s elected. So it’s all Bernie theatrics right now. She’s a Clinton, for God’s sake. What do you expect?”

Fine hits on a point that Clinton fought Tuesday night at the first Democratic presidential debate: that she is too close to Wall Street.

Sen. Bernie Sanders (I-Vt.) said Clinton was being “kind of naïve” when she told bad actors on Wall Street to “cut it out.”

“In my view, Secretary Clinton, you do not — Congress does not regulate Wall Street. Wall Street regulates Congress,” Sanders said, a line that garnered big applause.

The comments from Fine, who is one of the most powerful bank lobbyists in Washington, are more evidence of the challenge Clinton faces in convincing voters that she will stick to her campaign platform regarding Wall Street if elected president.

The Clinton campaign did not return an immediate request for comment.





Related:

Colbert: Clinton to Banks- Cut it out!

MATT TAIBBI: Hillary Clinton's Take on Banks Won't Hold Up

Robert Scheer: Go Ahead, Back Hillary Clinton and Forget All About Her Record

Robert Reich: The Big Banks Need to Be Broken Up

Paula Dwyer: Clinton's plan on Wall Street protects husband's legacy

Sirota and Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two Bankers

Yahoo Politics: Hillary Clinton doesn’t support revival of Glass-Steagall Act

Clinton: Cooperation, not speeches, is needed to regulate Wall Street
139 replies = new reply since forum marked as read
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Lobbyist: Hillary Clinton will become Mrs. Wall Street if she’s elected (Original Post) portlander23 Oct 2015 OP
In between the platitudes and casuistries, look where her heart is . orpupilofnature57 Oct 2015 #1
'Mrs. Wall Street' is a very good description Rosa Luxemburg Oct 2015 #24
Yes, but Hillary will "BECOME Mrs. Wall Street if she's elected"? lol, Hillary has been married to Wall Street for a VERY long time! InAbLuEsTaTe Oct 2015 #34
Bill Rosa Luxemburg Oct 2015 #43
Guess that's why Hill n Bill make the perfect couple. InAbLuEsTaTe Oct 2015 #45
But this time around, they're hot saying "Two for the price cprise Oct 2015 #108
It sure does...I'd be curious as to your theory. InAbLuEsTaTe Oct 2015 #130
It is becoming obvious to me that many on DU and in the real world A Simple Game Oct 2015 #65
So true! Hillary's "Third Way" political strategy is a formula for disaster... InAbLuEsTaTe Oct 2015 #67
It's most likely.... Rafale Oct 2015 #70
US learned years ago that a woman's face can soften the cprise Oct 2015 #114
No its a lie by Sanders supporters lewebley3 Oct 2015 #84
Your lies vs. the truth - with cite TBF Oct 2015 #94
This list means nothing: Hillary has a history of working in public service lewebley3 Oct 2015 #99
I'm sorry.... Docreed2003 Oct 2015 #102
Yes, I do, Clinton charity is one of most successful in history: Clinton's are not greedy lewebley3 Oct 2015 #103
Then wow.... Docreed2003 Oct 2015 #106
Yes, that is right: just made up stories: before HIllary ran no stories! lewebley3 Oct 2015 #110
No, one lily white in poltics, the Clintons are cleaner than most! lewebley3 Oct 2015 #112
She also has a history of "working" on the board of Walmart - TBF Oct 2015 #104
She didn not run Walmart or Own Walmart: The Family runs the company lewebley3 Oct 2015 #105
She.was.on.the.board - what about that is unclear? nt TBF Oct 2015 #107
What is unclcear about who runs Walmart, The Board position is a courtesy position! lewebley3 Oct 2015 #109
Have you taken a business class in your life? nt TBF Oct 2015 #116
The CEO serves at the pleasure of the board - if they were private it might be different TBF Oct 2015 #117
That is correct the Boards don't stand in the way of any CEO: lewebley3 Oct 2015 #131
Again, CEO "serves at the pleasure" - TBF Oct 2015 #132
Hillary got a chance to learn about a large company: She didn't run Walmart! lewebley3 Oct 2015 #133
So baord membership is a temp job only: They don't run Walmart lewebley3 Oct 2015 #136
"Cut It Out" lol billhicks76 Oct 2015 #25
Those three words are going to haunt Hillary for the entire campiagn. reformist2 Oct 2015 #41
Like Trump She Thinks We Are All Gullible And Stupid billhicks76 Oct 2015 #42
Agreed, she would be a right winger if it got her elected. JRLeft Oct 2015 #44
No she is a reich winger pretending to be a Democrat. Vincardog Oct 2015 #124
Trump and Hillary are friends. Their public 'spats' are just acting. NY's wealthiest class sabrina 1 Oct 2015 #83
Not sure they're all fools. raindaddy Oct 2015 #113
+ 10000000000000000000000000000000000000000000000000000000000000000000000000000000000 orpupilofnature57 Oct 2015 #59
It's what Mrs. Brady told Greg about teasing Jan. closeupready Oct 2015 #123
Hillary has always been with the people: This post is just Sanders supporter nonsene lewebley3 Oct 2015 #79
Kicketty Kickin' Faux pas Oct 2015 #2
That's my reservation about her. lindysalsagal Oct 2015 #3
None of the Candidates running are anti-capitalism Cassiopeia Oct 2015 #4
What? Don't you want more Congressional Oversight committees cprise Oct 2015 #18
Sounds hollow? More like total bullshit if you ask me! InAbLuEsTaTe Oct 2015 #35
Wall Street doesn't see it that way BainsBane Oct 2015 #5
Bush, Clinton are Wall Street's favorites, donations show portlander23 Oct 2015 #6
84K to Clinton and $138 million to Bush BainsBane Oct 2015 #8
Where does $138 million come from? I see 84K HRC, 107k JEB from those employees thesquanderer Oct 2015 #11
Remember Hillary has no super pacs financed by the wealthy. RichVRichV Oct 2015 #12
Yup, the big instituitional money probably comes via SuperPACs, not employee contributions thesquanderer Oct 2015 #16
You're correct on totals, my error BainsBane Oct 2015 #29
Let's say you are right. rynestonecowboy Oct 2015 #125
CNN: Wall Street has made Hillary Clinton a millionaire portlander23 Oct 2015 #19
So what? BainsBane Oct 2015 #28
You make a very cogent point portlander23 Oct 2015 #30
Ouch. n/t bvf Oct 2015 #56
... Spitfire of ATJ Oct 2015 #88
HIllary worked hard for her money: She earned it the old fashion way: She worked! lewebley3 Oct 2015 #85
... questionseverything Oct 2015 #14
This....... Capt.Rocky300 Oct 2015 #20
Okay, but it's very general BainsBane Oct 2015 #31
Wall St. would love a return to the mid-90s with a pro-banker Clinton cprise Oct 2015 #23
"Become?" hifiguy Oct 2015 #7
Sing it hifi - absolutely correct. 840high Oct 2015 #17
I cannot see how anybody could choose Clinton over Senator Sanders... TheProgressive Oct 2015 #9
Good comparison! InAbLuEsTaTe Oct 2015 #36
Ummmm, excuse me, but.... PosterChild Oct 2015 #38
Bernie is running on FDR style Democratic Socialism. JRLeft Oct 2015 #46
If Bernie is going for . ,... PosterChild Oct 2015 #62
Keynesian economics, look it up. JRLeft Oct 2015 #64
LOL, You still dont get it.... PosterChild Oct 2015 #78
No you don't get it pinebox Oct 2015 #90
He's a Republican I'm done explaining myself. JRLeft Oct 2015 #95
Intersting pinebox Oct 2015 #97
No I'm talking about the the poster above. JRLeft Oct 2015 #98
Disagreeing with you about the electability . .. PosterChild Oct 2015 #120
Sorry, but I don't think you get it... PosterChild Oct 2015 #118
I'm sorry but you don't get it although I'm sure you know exactly what you are doing. rynestonecowboy Oct 2015 #126
It actually doesn't matter what socialism means... PosterChild Oct 2015 #138
Democratic Socialist. BeanMusical Oct 2015 #50
Oh yes, we are going to win the presidency by... PosterChild Oct 2015 #63
If people Googled "socilism" (sic) they would get interesting results. BeanMusical Oct 2015 #68
Thank You! bvar22 Oct 2015 #71
Hi bvar22! BeanMusical Oct 2015 #72
No, that's not true. They would find a wide varity.... PosterChild Oct 2015 #119
Bernie will usher in a Socialist paradise redstateblues Oct 2015 #111
Like, DUH! CharlotteVale Oct 2015 #10
Hey! Leave Hillary alone, she already told Wall St. to "CUT IT OUT!". What more do you want? 99th_Monkey Oct 2015 #13
Like the cop in the Monty Python skit hifiguy Oct 2015 #27
Kicked and recommended. Uncle Joe Oct 2015 #15
In The Zeal To Elect A Female President - Much Has Been Overlooked cantbeserious Oct 2015 #21
Of course she will. Broward Oct 2015 #22
Does 'pure politicking mean she's a good liar, or just a liar? Strange she says she's progressive. YOHABLO Oct 2015 #26
Actually, Hillary has said she's a moderate/middle-of-the-roader... InAbLuEsTaTe Oct 2015 #37
Tough on Wall Street my ass. SoapBox Oct 2015 #32
Hillary supporters please defend your candidate. JRLeft Oct 2015 #40
Why should they? Would you listen if they did? Moonwalk Oct 2015 #75
Hillary is her own person that has worked for the people for 30 years lewebley3 Oct 2015 #80
K & R AzDar Oct 2015 #33
This is what we've been saying. JRLeft Oct 2015 #39
Paul Krugman (Nobel prize winner) says otherwise Persondem Oct 2015 #47
Krugman implies Hillary Clinton must be sincere Eric J in MN Oct 2015 #100
Here she is, Mrs. Wall Street...here she is, she's ideal Oilwellian Oct 2015 #48
Bookmarked, KnR! n/t Admiral Loinpresser Oct 2015 #49
Kick and R BeanMusical Oct 2015 #51
I know what you mean. NanceGreggs Oct 2015 #52
I'm all for Hillary.... FarPoint Oct 2015 #53
This is what HRC supporters look like when they are supplied the truth about her. JRLeft Oct 2015 #60
That is just obnoxious and insulting. FarPoint Oct 2015 #87
No it's the truth. JRLeft Oct 2015 #96
Such poor people skills .... FarPoint Oct 2015 #101
Agreed go Hillary! lewebley3 Oct 2015 #86
Well, there you have it! PatrickforO Oct 2015 #54
K&R emsimon33 Oct 2015 #55
Well, as the wife, she may have more to say about what happens in the household. nt kelliekat44 Oct 2015 #57
K&R We live in the most democracy shareholders will allow. raouldukelives Oct 2015 #58
Why do people keep insisting on this crap ? treestar Oct 2015 #61
Because Truth? Because they believe it is backed up by her past actions? Tommymac Oct 2015 #66
Everybody says they are. Only 1 candidate is currently refusing money from them. onecaliberal Oct 2015 #81
+10000 rynestonecowboy Oct 2015 #127
I don't think this country will survive 8 more years of this. onecaliberal Oct 2015 #137
Got that right. Android3.14 Oct 2015 #69
Yup. Anyone paying attention knows she is in Wall Street's pocket. EEO Oct 2015 #73
Hillary is a genius investor Califonz Oct 2015 #74
One of the richest candidates in this campaign Rosa Luxemburg Oct 2015 #92
Becoming Mrs Wall Street would be an asset, start with cleaning house first and then cleaning up the Thinkingabout Oct 2015 #76
This post is campaign propaganda from Sanders camp! lewebley3 Oct 2015 #77
good stonecutter357 Oct 2015 #82
Kicked and recommended! Enthusiast Oct 2015 #89
Yes. DhhD Oct 2015 #91
Senator Elizabeth Warren - Reinstating Glass-Steagall portlander23 Oct 2015 #93
Its so obvious. aikoaiko Oct 2015 #115
Gasp, you mean Hillary might actually be pro-business? Kang Colby Oct 2015 #121
Nah, we're saying she's bought and sold. senz Oct 2015 #122
+1 Absolutely. BeanMusical Oct 2015 #129
Well its definitely in Wall Streets interest to see Clinton go down in the primary BootinUp Oct 2015 #128
So now we TRUST the lobbyists? I see Florencenj2point0 Oct 2015 #134
Lobbyists are just saying this to make us THINK they're not afraid portlander23 Oct 2015 #135
Good! Who has more influence over a marriage and finances than the wife? nt kelliekat44 Oct 2015 #139

InAbLuEsTaTe

(24,122 posts)
34. Yes, but Hillary will "BECOME Mrs. Wall Street if she's elected"? lol, Hillary has been married to Wall Street for a VERY long time!
Sat Oct 17, 2015, 10:27 PM
Oct 2015

Bernie & Elizabeth 2016!!!

cprise

(8,445 posts)
108. But this time around, they're hot saying "Two for the price
Sun Oct 18, 2015, 04:11 PM
Oct 2015

...of one."

Bill is layin' low and won't be a "co-president" the way Hillary was.

Makes you think...

A Simple Game

(9,214 posts)
65. It is becoming obvious to me that many on DU and in the real world
Sun Oct 18, 2015, 10:56 AM
Oct 2015

are ignoring the Wall Street, pro-war, and all of the other negatives just because of the Mrs. part. I think many people are solely basing their preference on gender. What other reason could anyone use to pick Hillary over Bernie? They can't even use the ability to win the general excuse anymore as it is becoming more and more obvious that Hillary is more likely to lose in the general than Bernie.

InAbLuEsTaTe

(24,122 posts)
67. So true! Hillary's "Third Way" political strategy is a formula for disaster...
Sun Oct 18, 2015, 11:46 AM
Oct 2015

Bernie is the ONLY WAY! He is the truth and the light that will lead us to victory!

Bernie & Elizabeth 2016!!!

Rafale

(291 posts)
70. It's most likely....
Sun Oct 18, 2015, 01:25 PM
Oct 2015

Just name recognition and positive feelings from Bill Clinton's presidency. Senator Sanders has just a few months to overcome it. I really hope he is successful. I just can't bring myself to vote for these hedge fund controlled candidates any longer.

cprise

(8,445 posts)
114. US learned years ago that a woman's face can soften the
Sun Oct 18, 2015, 04:19 PM
Oct 2015

delivery of messages like "we're going to bomb your country" or various forms of economic blackmail... makes them more socially acceptable. (Obviously, it would depend on the individual woman.)

Then again, GW Bush himself had a rather soft and gentle quality to his speech and optics. I think a lot of people "loved" his gentle, stupid boy routine and it disarmed them.

 

lewebley3

(3,412 posts)
99. This list means nothing: Hillary has a history of working in public service
Sun Oct 18, 2015, 03:28 PM
Oct 2015


Hillary and Bill are not people that can be brought

Docreed2003

(16,858 posts)
102. I'm sorry....
Sun Oct 18, 2015, 03:48 PM
Oct 2015

This has to be sarcasm right?? You can't honestly think that the Clinton's are so lily white that they would never take money for themselves or their foundation that didn't benefit them personally! If it's a joke, then lol, if you're serious then SMDH

 

lewebley3

(3,412 posts)
103. Yes, I do, Clinton charity is one of most successful in history: Clinton's are not greedy
Sun Oct 18, 2015, 04:02 PM
Oct 2015


If the Clinton's were greedy they would not have gone into public
service, and not have been Dem. All the Clinton money has been made public, the Clinton's
probably are some of the cleanest people in politics, the GOP have investigated
the Clinton's over and over again. So far the GOP and the New York times have
had to manufacture stories against the Clintons, If they had real ones they
won't bother with fake ones (emails etc)


Docreed2003

(16,858 posts)
106. Then wow....
Sun Oct 18, 2015, 04:09 PM
Oct 2015

Just wow...

I could point you to numerous stories about the Clinton Foundation and the money scam they have run and you would just ignore the facts and buy in to the sham. Unbelievable....do yourself a favor and Google the Clinton Foundation and Haiti schools. You'll see very clearly that the "foundation" is nothing more than a money making scam. They're successful, as you say, and I agree...successful for the Clintons

TBF

(32,058 posts)
104. She also has a history of "working" on the board of Walmart -
Sun Oct 18, 2015, 04:05 PM
Oct 2015

and the very private Rose law firm.

Being "first lady" is not a paid position.

Senator and Secretary of State - those are public service (which she can afford to enjoy with the war chest she has banked).

Hillary Clinton net worth: M$45 (that's forty five MILLION dollars)

http://www.celebritynetworth.com/richest-politicians/democrats/hillary-clinton-net-worth/

 

lewebley3

(3,412 posts)
105. She didn not run Walmart or Own Walmart: The Family runs the company
Sun Oct 18, 2015, 04:08 PM
Oct 2015



Working for Walmart was good experience, it did not make
her into a republican.
 

lewebley3

(3,412 posts)
109. What is unclcear about who runs Walmart, The Board position is a courtesy position!
Sun Oct 18, 2015, 04:15 PM
Oct 2015


The Walton Families owns and run Walmart, they hire their CEO

TBF

(32,058 posts)
117. The CEO serves at the pleasure of the board - if they were private it might be different
Sun Oct 18, 2015, 04:40 PM
Oct 2015

but this is a publicly traded company. You need to brush up a bit.

TBF

(32,058 posts)
132. Again, CEO "serves at the pleasure" -
Mon Oct 19, 2015, 02:54 PM
Oct 2015

the BOARD hires the CEO & can FIRE him/her at any time. Anyone with any experience in business knows this - it's very basic.

But your attempt to mislead and support Hillary in any way you can (lies be damned) is noted.

 

lewebley3

(3,412 posts)
133. Hillary got a chance to learn about a large company: She didn't run Walmart!
Mon Oct 19, 2015, 02:58 PM
Oct 2015



She gained a valuable experience, and remained Dem,
it good for a politician to well educated about different walks of life

Sanders has almost no business experience, and he has only
managed a government office
 

billhicks76

(5,082 posts)
25. "Cut It Out" lol
Sat Oct 17, 2015, 09:44 PM
Oct 2015

Anyone in our party that votes for this corrupt, self-serving, Bush Family loving distorter of the truth should have their head checked and then held accountable if God forbid she sneaks the nomination.

 

billhicks76

(5,082 posts)
42. Like Trump She Thinks We Are All Gullible And Stupid
Sat Oct 17, 2015, 11:26 PM
Oct 2015

And can you blame her? Look what she's gotten away with so far. Look at all the fools in our own party that fall for her stories.

sabrina 1

(62,325 posts)
83. Trump and Hillary are friends. Their public 'spats' are just acting. NY's wealthiest class
Sun Oct 18, 2015, 02:07 PM
Oct 2015

intermingle regardless of the letter they use after their names.

Money definitely talks in that class. If you have you're in. You won't find any working class person at any of those NY soirees unless they are the caterers.

raindaddy

(1,370 posts)
113. Not sure they're all fools.
Sun Oct 18, 2015, 04:19 PM
Oct 2015

I think thirty years of Third Way policies have attracted the moderates that used to vote Republican before the GOP became a complete clown car.

Many of these people don't have a clue as to what the Democratic Party stood for prior to Reagan

Cassiopeia

(2,603 posts)
4. None of the Candidates running are anti-capitalism
Sat Oct 17, 2015, 08:29 PM
Oct 2015

Supporting regulations is not saying it shouldn't exist.

cprise

(8,445 posts)
18. What? Don't you want more Congressional Oversight committees
Sat Oct 17, 2015, 09:36 PM
Oct 2015

..for banks?

Take your better-than-nothing medicine now, you ungrateful plebe!



Hillary has used the "Too Big To Fail" label on banks --- but NO don't break them up! Just put more oligarch rubber stamp committees in Congress!

More rubber-stampers are actually a worse-than-nothing solution. It just gives the system an air of credibility.

BainsBane

(53,032 posts)
5. Wall Street doesn't see it that way
Sat Oct 17, 2015, 08:43 PM
Oct 2015

They are giving money furiously to the GOP. http://www.democraticunderground.com/1251691287
Clinton has a detailed plan for Wall Street reform.
http://www.vox.com/2015/10/8/9482521/hillary-clinton-financial-reform


Where is Bernie's? His website doesn't provide it. Does he have one?
Just saying revive Glass-Steagall, a law from 1933, does nothing to address the shadow banks that brought about the 2008 crisis.

Paul Krugman, a Nobel Prize winning economist, says Clinton's plan deals squarely with the problems that brought about the crisis, whereas Bernie's ignores it.
http://www.nytimes.com/2015/10/16/opinion/democrats-republicans-and-wall-street-tycoons.html?_r=2

Can anyone here point to an actual detailed policy plan from Sanders, or does he just have a sound bite?

 

portlander23

(2,078 posts)
6. Bush, Clinton are Wall Street's favorites, donations show
Sat Oct 17, 2015, 08:48 PM
Oct 2015
Bush, Clinton are Wall Street's favorites, donations show
Reuters
Fri Oct 16, 2015 8:08pm EDT

The former Florida governor who is seeking the Republican presidential nomination received more financial backing than any competitor - Democrat or Republican - from employees of the major Wall Street banks between July and the end of September, campaign filings released on Thursday show.

Employees from Bank of America (BAC.N), Citigroup (C.N), Credit Suisse (MLPN.P), Goldman Sachs (GS.N), HSBC HSBCUK.UL, JPMorgan Chase JPN.N, Morgan Stanley (MS.N) and UBS UBSAG.UL gave Bush a combined $107,000. He also received the maximum-allowed $2,700 from billionaire hedge fund manager Leon Cooperman.

The second most popular candidate on Wall Street according to giving patterns is Democratic front-runner and former Secretary of State Hillary Clinton. She took in nearly $84,000 from employees of the same banks.

Financial industry lobbyists said bankers favored candidates whose rhetoric seemed measured and "non-scary" over unpredictable outsiders, some of whom want dramatic changes such as breaking up big banks.

BainsBane

(53,032 posts)
8. 84K to Clinton and $138 million to Bush
Sat Oct 17, 2015, 08:56 PM
Oct 2015

That article provides evidence of Krugman's point. Wall Street money is going almost exclusively to the GOP. I understand facts get in the way of contrived narratives, but they do matter.

What about Sanders plan for banking reform? You didn't link to one. Does that mean he doesn't have one? Is your contention that no plan is better than Clinton's? Did you read the Vox article? I suspect not. My guess is the policy doesn't interest you at all. If you did, the details would concern you and not just a rather weak effort to pretend that 84k is in the same ballpark as $138 million.

Additionally, that 84k came from people who work at those firms. It doesn't indicate what positions they hold. One thing is clear, collectively they gave very little of the $33 million she raised last quarter. To pretend that buys a president's favor or access is ludicrous. I can guarantee you that educators gave her far more money, as did union members and lawyers.

This is the sort of thing that shows that opposition to Clinton has nothing to do with issues. The facts simply do not support efforts to paint her as a tool of Wall Street.

thesquanderer

(11,986 posts)
11. Where does $138 million come from? I see 84K HRC, 107k JEB from those employees
Sat Oct 17, 2015, 09:10 PM
Oct 2015

That article also says that Bush's total from all sources in the same time period was 13.4 million.

I don't doubt that the banks prefer Bush to Clinton, or that they would prefer Clinton to Sanders. Contributing to both Bush and Clinton is, as they say, hedging your bets.

RichVRichV

(885 posts)
12. Remember Hillary has no super pacs financed by the wealthy.
Sat Oct 17, 2015, 09:21 PM
Oct 2015

It's all a myth in our heads.



And despite getting no money from the rich via super pacs, somehow she's the only one who can compete financially with the Republicans in the generals even though Bernie is raising almost equal to her in actual campaign money. The disconnect is so severe I don't know how some of them rectify it.

thesquanderer

(11,986 posts)
16. Yup, the big instituitional money probably comes via SuperPACs, not employee contributions
Sat Oct 17, 2015, 09:31 PM
Oct 2015

And those donors aren't revealed, so we can't tell exactly how much she gets from these institutions via SuperPACS. All we know is that Bernie gets zero, because he has no SuperPACs.

Here's an interesting article...

http://www.politico.com/story/2015/09/hillary-clinton-2016-priorities-usa-25-million-213826

Clinton campaign chairman John Podesta...has been barnstorming with top Priorities officials across the country to convince the deepest-pocketed donors to chip in at a time when mid-level donors have increasingly balked at writing five-figure checks to the super PAC.


Yup. Not getting enough 5-figure checks. So what's the strategy? Go after the people who can write 6-figure checks. There's a populist for you!

BainsBane

(53,032 posts)
29. You're correct on totals, my error
Sat Oct 17, 2015, 09:55 PM
Oct 2015

What that doesn't include is all the dark money flowing to the GOP through their Super Pacs. Hedging their bets was the pre-2008 approach to donations, as Krugman noted. His point is that now their money goes almost exclusively to the GOP, and it's not subject to $2700 limits.

 

rynestonecowboy

(76 posts)
125. Let's say you are right.
Sun Oct 18, 2015, 10:08 PM
Oct 2015

Lets say that the banks aren't funneling money into her superpacs. I still have a major problem believing that all those speeches her and Bill have given to big banks, for millions of dollars, don't mean anything in the big picture. I feel like that is a really naive position that many HRC supporters hold. Seriously if you haven't gone and looked at her personal income statements on open secrets you should, it shows how wealthy she really is.
p.s. Off topic but if anyone is browsing personal income and wealth filings on opensecrets you absolutely have to look at Ben Carson's. I'm really shocked at how much this man makes off speeches and how many places that I wouldn't think have that kind of money are willing to pay it......looks a little shady.

 

portlander23

(2,078 posts)
19. CNN: Wall Street has made Hillary Clinton a millionaire
Sat Oct 17, 2015, 09:36 PM
Oct 2015
CNN: Wall Street has made Hillary Clinton a millionaire

Clinton made $3.15 million in 2013 alone from speaking to firms like Morgan Stanley, Goldman Sachs, Deutsche Bank and UBS, according to the list her campaign released of her speaking fees.

"Her closeness with big banks on Wall Street is sincere, it's heart-felt, long-established and well known," former Maryland Governor Martin O'Malley has said on the campaign trail.

While Clinton has given paid speeches to many groups, Wall Street banks and investment houses made up a third of her speech income.
She even made more money speaking to UBS and Goldman Sachs than her husband Bill did. Goldman Sachs in New York paid Bill $200,000 for a speech in June 2013 and Hillary $225,000 for a speech in October of that year.

Wall Street has been a top supporter of Clinton's career

As a former senator from New York, it is not surprising that Hillary Clinton would have a close connection to the financial world. But Wall Street continues to be a big contributor to her political career.

Tabulating campaign contributions for her entire senate political career shows that four of the top five her contributors are Wall Street banks (Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley).
In contrast, Sander's career campaign contribution list is almost entirely made up of union groups.

BainsBane

(53,032 posts)
28. So what?
Sat Oct 17, 2015, 09:51 PM
Oct 2015

Speaking fees. Not campaign donations, and it doesn't refute her policy.
I bet any amount of money that after this election is over, Sanders will clean up in speaking fees as well.

Still no link to a banking policy from Sanders. I guess the problem isn't just that I couldn't find it but that he doesn't have one.

 

portlander23

(2,078 posts)
30. You make a very cogent point
Sat Oct 17, 2015, 09:59 PM
Oct 2015

About Mrs. Clinton's fortune coming from banks, having a highly criticized policy that is seen as insufficient, having the campaign support of Wall Street, having untold donations in dark money, having a terrible history on financial regulation, and comments from industry that they're not worried about her candidacy having no bearing whatsoever on what's she's saying this week.

And Mr. Sanders' campaign has indeed not released an official position paper, notwithstanding his consistent and strongly held positions regarding the banking sector over the last few decades in office, the informal links supplied ad infinitum by his supporters, and his various speeches about policy.

The banks have clearly had no stronger foe than Hillary Clinton. You win the day sir, I concede.


BainsBane

(53,032 posts)
31. Okay, but it's very general
Sat Oct 17, 2015, 09:59 PM
Oct 2015

It doesn't have anywhere near the specificity that either Clinton or O'Malley's bank regulation policies do. Nor does it deal with the shadow banks that brought about the 2008 crisis.
While it's fine to have a general statement like that for people who don't want to get into the policy details, we need to know that he has a more developed plan. He refers to legislation he has supported, but none of it has passed. Additionally, what he has done as a Senator doesn't substitute for a president's policy proposal.

cprise

(8,445 posts)
23. Wall St. would love a return to the mid-90s with a pro-banker Clinton
Sat Oct 17, 2015, 09:40 PM
Oct 2015

being pistol-whipped by their Republican crazies.

Its Orwellian Inner Party / Outer Party stuff (or Coke vs Pepsi, if you prefer a Huxley take on it).

 

TheProgressive

(1,656 posts)
9. I cannot see how anybody could choose Clinton over Senator Sanders...
Sat Oct 17, 2015, 09:01 PM
Oct 2015

Bernie is the FDR of our time and the people put FDR into office 4 times. Says it all...

PosterChild

(1,307 posts)
38. Ummmm, excuse me, but....
Sat Oct 17, 2015, 10:33 PM
Oct 2015

.....Bernie is a socialist and fdr certainly was not. He ran against and beat four socialists. The American people are not going to nominate , let alone elect a socialist for president .

Bernie is , in my humble opinion , a waste of time .

PosterChild

(1,307 posts)
62. If Bernie is going for . ,...
Sun Oct 18, 2015, 08:46 AM
Oct 2015

..... FDR style points, why does he's call himself a socialust? FDR didn't and, in fact, ran against four different socialists.

If you want to nominate a crypto-socialist bernie isn't the right choice . He isn't crypto enough .

PosterChild

(1,307 posts)
78. LOL, You still dont get it....
Sun Oct 18, 2015, 02:02 PM
Oct 2015

....if the bernie platform is simply that "We're all kenisians now" then he doesn't need to call himself a socialist, and shouldn't have done so, since it will doom him electorally. But he did, so he is doomed.

"We are all Keynesians now" - look it up.

PosterChild

(1,307 posts)
120. Disagreeing with you about the electability . ..
Sun Oct 18, 2015, 05:25 PM
Oct 2015

.... of a primary candidate does not mean I'm a repubican. Calling a fellow DUer a repubican certainly could be interpreted as being divisive and disruptive. You might want to avoid that.

PosterChild

(1,307 posts)
118. Sorry, but I don't think you get it...
Sun Oct 18, 2015, 05:05 PM
Oct 2015

.... a "democratic socialist" is someone who over 50% of the voters will not vote for. "Socialist" polls worse than "athiest".

"Not electable" is the operational definition of "socialist". And all the interweb copy-pasta ain't going to change that.

http://www.gallup.com/poll/183713/socialist-presidential-candidates-least-appealing.aspx

http://www.washingtonpost.com/news/the-fix/wp/2015/08/17/could-a-socialist-actually-be-elected-president/

 

rynestonecowboy

(76 posts)
126. I'm sorry but you don't get it although I'm sure you know exactly what you are doing.
Sun Oct 18, 2015, 10:18 PM
Oct 2015

We all know what socialism means. I think the biggest issue I have with falling in line behind what Debbie Wasserman Schultz tells me to do is the fact that HRC's Favorability and trust numbers continue to hemorrhage and this has been a trend for about a year. These may not mean much in a primary but in a GE they mean a lot because of the allusive undecided voter. You can continue to believe you "won" an argument but you really aren't furthering the discussion that rational adults are having by name calling.

PosterChild

(1,307 posts)
138. It actually doesn't matter what socialism means...
Tue Oct 20, 2015, 09:03 PM
Oct 2015

.... what matters is that the American electorate won't vote for a socialist regardless of what it means.

And, BTW , the American electorate isn't interested in finding out what it means. The more you talk about "what socialism means" the less and less interested the American electorate will be in your canadate.

In other words - negative feedback loop - a.k.a., death spiral.

Bernie is going nowhere . But, have fun while it lasts .

PosterChild

(1,307 posts)
63. Oh yes, we are going to win the presidency by...
Sun Oct 18, 2015, 08:51 AM
Oct 2015

...telling Americans to google "socilism "!!!

Boy, is THAT a winner!

BeanMusical

(4,389 posts)
68. If people Googled "socilism" (sic) they would get interesting results.
Sun Oct 18, 2015, 12:16 PM
Oct 2015

The top one is from Urban Dictionary:

SOCILISM (preferably capitalized) is a word on placards carried by unemployed Tea Baggers, who think having Universal Health Care like the rest of the Western World, is worse than having the freedom to allow private insurers decide if whether you living or dying is more profitable.

Also, it identifies a Glenn Beck/Sarah Palin fan, as well as a 7th grade reading level.
OBAMACARE = SOCILISM

I don't want SOCILISM in my life. I prefer to drive on dirt roads and have no police.


http://www.urbandictionary.com/define.php?term=SOCILISM

PosterChild

(1,307 posts)
119. No, that's not true. They would find a wide varity....
Sun Oct 18, 2015, 05:12 PM
Oct 2015

..... of truly scarry idelogical rants and screeds. And quite a few bomb throwers and other assorted advocates of various degrees of violence .

Believe me, the Internet is not your friend.

redstateblues

(10,565 posts)
111. Bernie will usher in a Socialist paradise
Sun Oct 18, 2015, 04:18 PM
Oct 2015

Socialism will be a great platform in the GE. Once Republicans come to understand the differences between Democratic Socialism, Socialist Democracy and Socialism, Bernie will win in a landslide.

 

99th_Monkey

(19,326 posts)
13. Hey! Leave Hillary alone, she already told Wall St. to "CUT IT OUT!". What more do you want?
Sat Oct 17, 2015, 09:22 PM
Oct 2015

Stop picking on poor Hillary.

After all, she HAD to take million$ hand-over-fi$t from Wall St. banksters to finance
her glitzy campaign, so she could "get tough on Wall St. banksters".

 

YOHABLO

(7,358 posts)
26. Does 'pure politicking mean she's a good liar, or just a liar? Strange she says she's progressive.
Sat Oct 17, 2015, 09:48 PM
Oct 2015

HA HA

Moonwalk

(2,322 posts)
75. Why should they? Would you listen if they did?
Sun Oct 18, 2015, 01:43 PM
Oct 2015

Look, I see thread after thread like this on the DU. "Hillary did X, why would any one support her?" And all that happens if Hillary supporters step in, is that Bernie supporters pile up on them, and reject anything they say, even if they present actual facts and rational arguments. Not one Bernie supporter that I've seen in these thread (and I'll grand that I could have missed one or two) ever says, "okay, that's a good point...." But then, none of these threads exist for the purpose of a real discussion about the candidates. They exist so that Bernie supporters can "+1000" each other's jabs and put downs of Hillary.

In the end, I think Hilary supporters see most of the problems with their candidate. But I don't think Bernie supporters see any problems with theirs. And I'm afraid there are issues. Like he's not as globally knowledgeable. Like he's never been in a war room. Like he's never advised a president on any action. There is a list of experiences that he hasn't had that Hillary has had. And if supporters of Hillary view these as important, then that is all they need say to defend her.

Putting it another way, if being the President of the U.S. meant that all you were going to deal with was the U.S. economy, then Sanders might be perfect. But, unfortunately, we require a lot of POTUS. He/she must not only deal with congress over taxes and such (remember congress? they kinda/sorta have the power to decide a lot of these things Bernie wants changed, and Bernie can't step into office and wave a magic wand and change them without congress; so...how good is he at getting congress to do as he wishes them to do?), but also with things like, well, bombing of embassies, national emergencies like hurricanes, allies on the other side of the world....etc.

So, all threads like this are doing, in the end, is setting up a "stacked deck"--they pick one issue and word it in a way that makes sure Bernie can crush Hillary on it. Meanwhile, all the other issues, the ones which Sanders might be weak on, don't get mentioned at all. So Sanders always seems to win. I believe that's called a straw man. And such arguments make it pointless for anyone from the other side to enter into the discussion. You should at least be honest about what you really want when you demand Hillary supporters "defend" their candidate. You don't want to actually hear any such defense. You want Hillary supporters to admit their candidate has serious flaws and you want to bully them into admitting that, because of these flaws, they're wrong to support her.

I'm a little mystified as to how you think this will gain you, Bernie supporters and Bernie their love rather than their resentment, given that you get what you want. But then threads this divisive have always mystified me. We are going to need all democrats to vote in the upcoming elections. Anything that makes either side resentful or angry at the other, and refusing to help in the upcoming election, will undermine our efforts to win the White House and more members in Congress.

Persondem

(1,936 posts)
47. Paul Krugman (Nobel prize winner) says otherwise
Sat Oct 17, 2015, 11:44 PM
Oct 2015
Link here

"For what it’s worth, Mrs. Clinton had the better case. Mr. Sanders has been focused on restoring Glass-Steagall, the rule that separated deposit-taking banks from riskier wheeling and dealing. And repealing Glass-Steagall was indeed a mistake. But it’s not what caused the financial crisis, which arose instead from “shadow banks” like Lehman Brothers, which don’t take deposits but can nonetheless wreak havoc when they fail. Mrs. Clinton has laid out a plan to rein in shadow banks; so far, Mr. Sanders hasn’t."


And he sums up with ...

"In other words, while there are some differences in financial policy between Mrs. Clinton and Mr. Sanders, as a practical matter they’re trivial compared with the yawning gulf with Republicans."

Eric J in MN

(35,619 posts)
100. Krugman implies Hillary Clinton must be sincere
Sun Oct 18, 2015, 03:29 PM
Oct 2015

...about regulating Wall St, because Wall St lobbyists want a Republican to win.

However, Hillary Clinton can be insincere about regulating Wall St, and Wall St lobbyists can think they'd get even looser rules from a Republican.

Oilwellian

(12,647 posts)
48. Here she is, Mrs. Wall Street...here she is, she's ideal
Sat Oct 17, 2015, 11:59 PM
Oct 2015


Clinton's relationship with Goldman Sachs is not unique. Bill and Hillary Clinton have always nurtured cozy ties with Wall Street—in terms of policies and funds-chasing (for their campaigns and the foundation). The chief economic guru of the Clinton administration was Robert Rubin, a former Goldman Sachs chairman, and the financial deregulation and free-trade pacts of the Clinton years have long ticked off their party's populists. In his new book, former Treasury Secretary Timothy Geithner recalls visiting Bill Clinton at his Harlem office and asking his advice, as Geithner puts it, on "how to navigate the populist waters" and respond to the American public's anger about bailouts and Wall Street. The former president didn't seem to have much sympathy for these popular sentiments and replied by referring to the CEO of Goldman: "You could take Lloyd Blankfein into a dark alley and slit his throat, and it would satisfy them for about two days. Then the bloodlust would rise again."

Hillary Clinton's Goldman-Sachs Problem

NanceGreggs

(27,814 posts)
52. I know what you mean.
Sun Oct 18, 2015, 02:43 AM
Oct 2015

Hillary Clinton is the very personification of all that is evil in the world.

It makes you wonder why she's still the front-runner in this campaign.

I guess some people just don't care about how democracy in America will come to a screeching halt if she is elected POTUS.

FarPoint

(12,359 posts)
53. I'm all for Hillary....
Sun Oct 18, 2015, 02:53 AM
Oct 2015

She will be the Democratic Nominee.... She will be Madam President... When I see the threads such as this, I see Fox news ....yea...so, I won't take the bait.

 

JRLeft

(7,010 posts)
60. This is what HRC supporters look like when they are supplied the truth about her.
Sun Oct 18, 2015, 08:02 AM
Oct 2015


I can't hear you!

raouldukelives

(5,178 posts)
58. K&R We live in the most democracy shareholders will allow.
Sun Oct 18, 2015, 07:09 AM
Oct 2015

The more wealth & power Wall St has accumulated, the more the stream of democracy around the world has turned into a drip.

Thanks to them, and to the armies of lawyers, lobbyists, propagandists and other paid liars they sponsor, the spigot is close to being closed completely.

As our natural world crumbles around us, as human rights violations of the most egregious variety occur across their reach, as our children are wrongly imprisoned for profit and shot in the street, they couldn't be more narcissistic nor smug.

"What, me worry?"

treestar

(82,383 posts)
61. Why do people keep insisting on this crap ?
Sun Oct 18, 2015, 08:27 AM
Oct 2015

Everybody is for regulating Wall Street. The right wingers talk about pure capitalism, but that's performance art. They know it won't be happening.

Tommymac

(7,263 posts)
66. Because Truth? Because they believe it is backed up by her past actions?
Sun Oct 18, 2015, 10:58 AM
Oct 2015

Insanity is expecting a new and different result after the same action has been repeated time after time causing the same result every single time.

onecaliberal

(32,854 posts)
81. Everybody says they are. Only 1 candidate is currently refusing money from them.
Sun Oct 18, 2015, 02:04 PM
Oct 2015

Do you really think these people are going to give her millions and not expect anything in return? And what is your explanation for the fact they are donating to her in the first place, if they expect her to regulate them and make them pay more in taxes, or taxes at all in some cases. The answer is very simple. They know it's all talk.

 

rynestonecowboy

(76 posts)
127. +10000
Sun Oct 18, 2015, 10:29 PM
Oct 2015

Exactly!! Why is this so hard to comprehend? Do people think that they give her money just to be nice or fair? How naive do her supporters think we are? If she wins the nomination I will absolutely turn out and vote for her in the GE but I will have no false hopes like I did for Obama of her being or liberal champion, it will likely be another 4-8 years of the same.

onecaliberal

(32,854 posts)
137. I don't think this country will survive 8 more years of this.
Mon Oct 19, 2015, 09:08 PM
Oct 2015

It's really bad for so many people. I feel like I'm being asked to vote for the destruction of the planet my grandchildren will inherit. Unlike so many I not only worry about the least of us, but I worry what will happen for future generation be because people were greedy and we didn't have the courage to put a stop to them.

EEO

(1,620 posts)
73. Yup. Anyone paying attention knows she is in Wall Street's pocket.
Sun Oct 18, 2015, 01:42 PM
Oct 2015

She is on the record opposing re-instituting Glass-Steagall.

Hillary to Wag Finger at Wall Street CEOs, Save Economy
http://www.theniladmirari.com/2015/10/hillary-clinton-to-wag-finger-at-wall-street-ceos-save-american-global-economy.html

 

Califonz

(465 posts)
74. Hillary is a genius investor
Sun Oct 18, 2015, 01:43 PM
Oct 2015

Turning a $1,000 cattle futures investment into $100,000 (in 1978 dollars!) -- nothing shady about that, no siree.

Thinkingabout

(30,058 posts)
76. Becoming Mrs Wall Street would be an asset, start with cleaning house first and then cleaning up the
Sun Oct 18, 2015, 01:49 PM
Oct 2015

problems on Wall Street. She understands Wall Street, has connections there, probably will do something about executive salaries and is already pushing for profit sharing for the workers who have had a big part in making the profits. Maybe she will be against the Golden Parachutes for everyone.

 

Kang Colby

(1,941 posts)
121. Gasp, you mean Hillary might actually be pro-business?
Sun Oct 18, 2015, 06:25 PM
Oct 2015


What a lot of Sanders supporters don't understand is that many of us see Hillary's experience working with business interests as a beneficial aspect to her presidency. We need a healthy economy and a business environment that promotes job creation and earnings growth.

 

senz

(11,945 posts)
122. Nah, we're saying she's bought and sold.
Sun Oct 18, 2015, 06:36 PM
Oct 2015

Bernie's pro-business. But he's not for sale.

I'll bet you knew that.

BootinUp

(47,144 posts)
128. Well its definitely in Wall Streets interest to see Clinton go down in the primary
Sun Oct 18, 2015, 10:43 PM
Oct 2015

it would make it tons easier to get a repuke in office.

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