Clinton "I was the candidate who went to Wall Street before the crash."

[TheProgressive]

From 2/18/2016 Democratic Townhall Las Vegas, NV - MSNBC

CLINTON: But let me get to the heart of your question. I was the candidate who went to Wall Street before the crash. I was the candidate who went to them and said you are wrecking our economy. What you are doing with mortgages is going to bring us down.

I called to end the carried interest loophole for hedge fund managers. I called to reign in CEO pay. I now have the most effective and comprehensive plan to deal with the threats that Wall Street poses, and I go further than Senator Sanders does because I want to go through after all the other bank bad actors.

The bad actors like hedge funds, the bad actors like AIG, the insurance company. Like Countrywide mortgage. I take a backseat to nobody in being very clear about what I will do to make sure Wall Street never crashes main street again. And, that you can count on.

http://www.nbcnews.com/politics/2016-election/transcript-msnbc-telemundo-clinton-sanders-town-hall-n520781

When I heard this last night, I was stunned. Clinton's statement indicates that Clinton knew of the impending crash. One can assume that many in Congress were well aware of what Wall Street had planned.

Yes, Clinton and the rest did nothing to stop it. Nor did they tell the American people of the impending crash.

Plain and simple: were we set up and the establishment oligarchy knew full well what was going to happen.

People lost their homes, their savings, their retirement, their jobs...

Now you can plainly see that Clinton's speaking engagements were payment for silence before the crash and for the future.

This alone should cause every single Americans to realize how the establishment/oligarchy has taken over our government.

[tk2kewl]

1. that was more or less my reaction as well...

if you have so much clout with them why didn't they listen?

[Kittycat]

2. But they'll listen to her now, because

They're paying her hundreds of thousands to say what they want to hear.

[djean111]

3. So - ineffective? or complicit? n/t

[TheProgressive]

7. I would say more than complicit...

If a Congress-person knew that Wall St was going to crash the American economy,
and did nothing about it, I would say it is more than complicit...

[JudyM]

34. We don't know what other steps she may have taken besides talking to them. *An investigation

is warranted* for the electorate to understand what steps she took to "get things done" knowing an economic meltdown was looming.

And did sanders also know about it or was she just privy to it because of her representation and ties to them?

[hifiguy]

55. Complicit. Abso-fuckin'-lutely.

[MissDeeds]

65. Agreed n/t

[scscholar]

80. So you insult her for trying?

What did you do before the crash to try to stop what we all knew was coming?

[djean111]

86. I am trying to recall just when I was in a position of power, and could do something - nope,

didn't happen.
Telling Wall Street to "cut it out" is not "trying" - IMO saying that is actually insulting to the voters and the people who were hurt.

If that is the latest thing - why didn't YOU personally stop fracking, stop cluster bombs, etc. - that is pathetic. And if people like me are supposed to stop Wall Street, and not their BFF - why the fuck do we need Hillary for anything?

[eilen]

99. Well, look at her bank account. Answer enough on that.

I remember when they left the White House begging the public to donate money to pay their legal bills.

[Red Oak]

4. I never heard a peep out of her before or after the crash. Only during elections.

How she can even put this "effort" in her resume is beyond me.

She is saying she went to Wall Street and TOTALLY FAILED.

Then went back and took a few mil in speaking fees....

[Nite Owl]

5. Did she even realize

the weight of what she was saying?
She was that close that she knew, she could have done something to warn people who lost everything, something.

[Ferd Berfel]

6. She was probably going to Wall Street to ask for more money

[2pooped2pop]

39. She probably didn't have to go anywhere

She was already there.

[Cheese Sandwich]

8. The crash was a giant theft from the working class. Many crooks and cronies gained. Not only Clinton

It's not fair to blame her alone for the 1% and their war on working families.

She is only one person participating by being Wall Street's paid helper. If it wasn't her it would just be someone else!

[SoLeftIAmRight]

9. Cut It Out

...

[DisgustipatedinCA]

10. How did that work out? nt

[SheilaT]

11. Some two years before the crash,

those of us who were paying any attention at all were very aware of a lot of what was going on in the home lending business. We didn't know the details, of course, but it was pretty common knowledge that there were subprime loans out there, that people were being given mortgages who had no business with one. And there was a general awareness of mortgages being sold off, although exactly what that was about wasn't apparent to most of us.

Home prices had skyrocketed in various places. Foreclosures were climbing. Subdivisions were being built but no one was buying in them.

And Hillary Clinton went to Wall Street and told them to stop. What an effective thing to do!

Besides, hadn't she already voted on legislation that made much of that crash possible? And she didn't exactly call for actual consequences of the trashing of the economy. Nope. They were bailed out at taxpayer expense, gave themselves huge bonuses and did nothing at all to help out the unfortunate homeowners caught by their criminality.

[TheProgressive]

15. Even smart/mindfull people were not aware of what was going on...

I would classify this debacle as a 'made it happen & let it happen'...

[Mbrow]

36. the Nation had a few articles on it before it happened,

William Greider (I hope I spelled his name right) predicted the crash about a year before it happened, as well as the one before and I believe the one before that. plenty of people saw it coming but had no voice. Me? I listen to William and moved my 401 k out of stocks as did all our family and any one we could convince to listen to us. I lost nothing in the crash but only because my (very smart wife) forced me to read Greider. Of course my Union lost it's shirt and my pension was frozen...

[hifiguy]

57. You got the name right.

Greider is one sharp cookie and a consistent teller of the truth. He has a hair-trigger bullshit detector, like Taibbi and Reich.

[bvar22]

90. My wife and I did too.

We sold everything, cashed out everything, moved to The Woods in 2006, and started growing our own food.
Wall Street can live or die without our money or concern.

bvar22 and Starkraven
Living Well on a low taxable income
and stuff we learned in the 60s.

[eridani]

98. Yes--that's exactly what I did

Yanked all of my 401K from the stock market and put it into the Vanguard Stable Value Fund. Earned 0.5% that year--way better than having most of it go away. That's really all us peons who were forewarned could do.

[Nay]

104. We got the hell out after warnings from the Royal Bank of Scotland.

We were slightly late and so lost maybe 10%, but others in our circle lost half or more.

[SheilaT]

82. They weren't very mindful if they weren't aware

of the coming debacle. It was very obvious to me, and I'm no kind of insider, didn't work at a bank or at a mortgage company or anything like that. But it was everywhere, and articles were written about the loans being written, the overbuilt housing, the huge run-up in prices. It was not hard to miss.

Plus, something similar had happened at least twice before in my adult life, in the 70's and then in the 90's. I guess most people just don't pay much attention to anything, and hardly anyone remembers anything that happened before last year's World Series. And it's that blissful ignorance of the past that is scary.

[Enthusiast]

81. Huge +1!

[TTUBatfan2008]

12. Release the transcript that proves it.

That is my reaction to her repeated statement claiming she warned the banks to cut it out. If this is true, then surely she has some written evidence of it. We know she asked for transcripts of every speech she gave. I think it's an opportunity for her to gain credibility with voters. But if you make a statement like that and then dodge the transcript question, the two things don't add up.

[Merryland]

48. Part of her sense of entitlement

is that she doesn't owe anyone explanations or proof. It's the height of arrogance.

[jwirr]

87. And since she knew it was coming what did she and Bill

do with their investments in the next 48 hours? If they did
anything isn't that insider trading?

[elljay]

69. Exactly!

Let's give her the opportunity to show the voters how prescient she was. How do we start a campaign for Hillary to back up her statement?

[yodermon]

13. "I was the candidate who went to Wall Street before the crash."

Great! Is there any references or citation or proof that she went to wall street and told them they are "wrecking the economy"?
Before the crash?
Should be easily verified.

[TheProgressive]

18. This is what she said in the townhall last night.

Proof? Are Senator's every move notated somewhere? I don't know...

[yodermon]

19. I know she said that in the townhall last night.

My point is, I don't believe her. She would have been trumpeting that fact for the past 8 years if she had "gone to wall street" to "warn them about the crash they are about to cause".

I'm sure her speech transcripts will make it all clear, I can't wait to read them.

[TheProgressive]

22. So, she is either complicit in the crash or is a huge liar...?

Both are very damning...

[Herman4747]

102. I vote for "huge liar."

[Bugenhagen]

14. Then she said, "what's it worth to you for me to keep quiet?"

"I was the candidate who went to them and said you are wrecking our economy. What you are doing with mortgages is going to bring us down..."

Hillary Clinton - protecting Wall St from snipers like a pro.

[hifiguy]

58. She serves her masters with great fidelity.

[GreatGazoo]

16. Yes she went to Wall St before the crash, she went to Wall St on her way to Harlem

last Tuesday (2/16).

Hillary Clinton will attend a pair of fundraisers hosted by members of the financial industry on Tuesday despite criticism that her campaign is in the pocket of Wall Street.
...
BlackRock, which controlled $4.6 trillion worth of assets as of the end of last year, has ties to the Clintons that extend beyond Mallow. The firm’s founder Larry Fink has signaled his belief that a Clinton victory in 2016 could put him on the receiving end of a presidential appointment to become treasury secretary

http://freebeacon.com/politics/hillary-clinton-goes-back-to-well-hits-up-financial-industry-for-fundraisers/

[Orsino]

17. Share with us exactly what you said, Sec. Clinton.

You chose to make this a campaign issue. Prove it.

[eilen]

100. She declines to lead in this instance. She's waiting for everyone else to do it first. nt

[noamnety]

20. "The bad actors like hedge funds,"

I would like to see Chelsea, wife of co-founder of hedge fund Eaglevale Partners and daughter-in-law of the House Judiciary Committee member who spent time in federal prison for stealing $10,000,000 from investors, address this while stumping for Hillary.

[PonyUp]

23. I'm sure Hillary called her son-in-law afterwards and they had a good laugh over the phone. n/t

[hifiguy]

60. "Those silly peasants! They think we give a shit about them! Bwahaha!"

Christ on a trailer hitch, they even got their daughter Married to the Mob.

[grasswire]

43. yes, every time she says "hedge fund" my mind immediately goes to..

....Chelsea and her family.

[CharlotteVale]

21. Even if she didn't know, they didn't cut it out, so she was highly ineffective.

[Vincardog]

24. This assumes facts not in evidence. Release the transcripts proving these statments Hill.

[LonePirate]

25. Who else was included in the "many in Congress were well aware" assertion? Was Sanders?

Do you have any proof for your claim?

[TheProgressive]

29. This was an assertion on my part...

It would be hard to believe that only Clinton was aware of the impending crash
to the point that she 'went to Wall St to tell them they are wrecking the economy'.

[speaktruthtopower]

26. The path to the NY Senate in 2001

opened like the Red Sea for her, and Wall Street had nothing to do with that? On the other hand, she probably won't start an oil war.

[valerief]

27. "Bad actors like hedge funds." Like her hedge fund manager son-in-law? Like where her

daughter worked?

[dchill]

28. Too bad they didn't cut it out and stop the shenanigans!

Maybe she was too stern with them. Maybe they just paid her to go away.

[Merryland]

50. I would pay her to go away.

[dchill]

91. LOL!

[Tierra_y_Libertad]

30. Was she there on business or seeking entertainment gigs?

[Kip Humphrey]

31. Hillary Clinton: TOTALLY INEFFECTIVE!

[Downwinder]

32. While she was SOS or before?

[TheProgressive]

33. "Before the crash" would indicate...

..while she was a Senator and running for president in 2008.

[Downwinder]

41. I don't believe it.

Judging from her commodity transactions she would have been dealing if she had anticipated the crash.

[grasswire]

44. do you have information on her commodity transactions?

This could be a very interesting trail to follow.

[Downwinder]

46. Just from articles posted here.

[TheProgressive]

45. So, are you privy to her finances?

Where did you find a list of her commodity transactions?

[jtuck004]

35. Couldn't they mail you an application? n/t

[whatchamacallit]

37. She just makes shit up

Liar in Chief

[FairWinds]

38. For someone who was first in her law school class (Yale),

HRC seems to be remarkably unaware of the impact of
what she says before she says it . .

She chose to make an issue of Kissinger - a huge gift to Bernie.

And now, is "going to Wall St. before the crash" going to be a similar
faux paux?

Veterans For Peace

[Depaysement]

40. Actually, she's just prevaricating

She didn't know shit. No way in hell she understood the problem. Most of the financial services industry didn't get it.

But if she did "know" then you'd be absolutely right. But I seriously doubt it.

[Duval]

42. And that worked well, didn't it? Nah

[turbinetree]

47. "What you are doing with mortgages is going to bring us down"..........well we got the answer.......

here you go..................................Mrs. Clinton................................

http://www.motherjones.com/politics/2013/11/wall-street-buying-foreclosed-homes

http://www.motherjones.com/politics/2012/05/carrington-hedge-fund-foreclosure-rental

http://www.motherjones.com/politics/2014/01/blackstone-rental-homes-bundled-derivatives

http://www.bloomberg.com/politics/articles/2015-07-16/blackstone-dealmakers-line-up-for-clinton-in-money-race

http://www.motherjones.com/politics/2014/06/private-equity-cedillo-housing

http://www.motherjones.com/politics/2014/04/predatory-equity-wall-street-screwed-over-renters-new-york-city


Thank you Mrs. Clinton, for informing the public last night that you were well aware of what was going on.

The ramifications of this --------------here is a video, from 2009

Honk--------------------for a political revolution Bernie 2016

[TheProgressive]

52. GW Bush & CO gave, what, $700B to these banksters...

We the taxpayers were forced to give them all this money as a 'reward' for
screwing middle America.

But, what about all those people who lost their homes? Oh, Wall St
bought up all these homes at low prices.

Doubled screwed for us, doubly rewarding for the criminals on Wall St.

[turbinetree]

68. This is correct....................................

the taxpayers have been left holding this proverbial criminal bag for a long long time, if she was aware of this?

Then, why, in her god's name would you go to the same firms on Wall Street and take their money on the list that I posted on this thread, the ramifications of this awareness in that statement is amazing.

That statement she made last night almost made me throw up my root beer, this classicism, of me thinking that she did what, shake her finger at them and tell them to stop, that was the imagine that went through my left wing brain.

These same firms are now using these foreclosed property to basically throw people in the street and making this country a renters society, a full fledged debtors society, almost like a prisons.

They have and are continuing the march of the have's and the have not's, you see on the street everyday if someone has lost there job and standing with a card board sign saying homeless will work for food---------------it is amazing.

The people of this country all they want from the Indigenous People on the reservations to the joe or jane smoe sitting in car, or some child wishing that there water wasn't poisoned, or standing on that street corner---------economic fairness -----------it's that simple----------------don't rig the game---------------

And the MSM is doing what with this -----------------------there scared as hell of having a FDR Democratic ---Socialist running the country, they are scared s*************less.

Chuck Todd last night was beside himself when he questioned Sanders.

And, Sanders wasn't go to go down that road of some gotcha moment by Todd, looking for entertainment value from and for his oligarchy corporation that should be broken up just as well.

The basic foundation of this country has always been about basic home ownership, fairness, it is suppose to separates us from other countries that don't do this------------------amazing

Excuse my rant and my passion






Honk-------------------for a political revolution Bernie 2016

It is about getting a Progressive President, U.S. Supreme Court, Congress, State and Local Legislatures

Democracy begins with you-------------------tag your it---------------Hartmann / Sanders

Democracy is not a spectator sport----------------------get involved------------------Hartmann

[TheProgressive]

73. Passion and rants are a good thing...!

[turbinetree]

75. Thanks...........................

a short rant with a lot of passion





Honk---------for a political revolution Bernie 2106

[renate]

89. that was so sad

And watching it even from the safety of 2016 brought back horrible memories of what that was like. (The recession was pretty rough on our family, though not as rough as on many people's.) It was such a scary time, and when you don't have the benefit of hindsight you don't know when or whether it will ever, ever get better. I certainly hope it got better for Julio. He was so quiet and dignified... that really made me sad.

[turbinetree]

96. I agree with you.................................

and everyone that was complicit in that stuff should have been thrown in jail.

He was like thousands that were promised that there would be a process to help them renegotiate the loans --------------------, not much is said now.

I wonder where he is now along with the others, Nevada is still reeling, and no one is answering as to why and how, My sister went through this out in California and had to fight tooth and nail to straighten it out and these same banks, and hedge fund managers are being allowed to go back into the market place after they paid billions in fines for this "stuff"
A convicted felon or someone that has admitted wrong doing either by a fine or is implicated in a crime cannot be in real estates business, my question is why they are being allowed now----------------that is so wrong

The public needs to remind some people that there should never be another fiasco like that again, and never to forget



Honk---------------------------for a political revolution Bernie

[lastlib]

49. I'm from Missouri--she has to Show Me.

What action did she take in Congress to regulate the credit default swap trading? Bills proposed, hearings held? I would love to see them. Otherwise, it's just talk, and it's cheap.

[azurnoir]

51. well they were her constituents

[Jester Messiah]

53. More like "went to Wall Street for the cash." [nt]

[hifiguy]

54. She serves her owners with an almost feudal fidelity.

[Merryland]

56. It's lies like this that make the thought of pulling the lever for her

increasingly repugnant. I have never voted Republican in my life & no way in hell would vote Republican this year. But I have to say, it would be a long painful two-minute walk to my polling place should this person get the Democratic nomination.

[Mudcat]

59. yes but she went there with an invoice

[OxQQme]

61. Hmm..knew in advance?

Maybe we could peel off a layer or two of 'the foil', and see that there is some kind of underlying, long range plan.

Never take your eyes from the billions spent on pys-ops, past reseach and current deployment of "ideas" by the military segment of the government machine.


Nah. "They" wouldn't do that................would "they"?

paranoid over WOO?
maybe
maybe not

My local supermarket sends me discount coupons based on my previous debit card purchases.
How far does that info go?
What sort of database?
Jeans and flannel shirt/column A----silk and jewelry/column B---camping gear/survival stuff/column C----------------


Homeland security-----yeh

We're all f**ked without some person exposing the under-layment.

Please, FSM (or whatever your 'higher' voice), let it be Bernie at the head of this awakening.

[paleotn]

62. While at the same time pocketing huge campaign contributions...

...from the likes of Citigroup and Goldman for her Senate campaigns. Now I'm just sure she called up Lloyd and told him to turn off the sub-prime, money making machine. And if you believe that.....

[HooptieWagon]

63. Well, it's likely just bs she's spewing.

If she did know in advance, then it's damning that she didn't speak out publicly. I think many people realized the bubble was artificial, and was going to burst. I did, but didn't realize until afterwards, when a friend with PhDs in economics and finance explained to me, that it was deliberate.

[TheProgressive]

64. Reading the transcripts of the townhall indicates that she was fully aware of the situation...

...and do nothing about it. That's more than damning...

Some people knew what was going on, however, most people did not. Most
people did not know that America would enter the 2nd Great Republican Depression.

Depression? Yes. "Great Recession" is Depression.

[Waiting For Everyman]

66. The one I saw trying to stop it ahead of time was Eliot Spitzer.

Bush MADE HIM back off his actions against the NY banks, and then he was set up by somebody(?). But effectively stopped from pursuing corrective action before the crash.

But I agree with your statement -- what she keeps saying indicates that SHE KNEW.

I'd bet the ranch that she and Bill and the rest of those cronies knew when Bill opened up the Phil Gramm CFTB securitization bonanza.

Brooksley Born certainly knew, and warned them all, and they shoved her aside and told her to shut up, and went forward with it.

[TheProgressive]

72. I forgot about Spitzer...

We knew and tried to stop it in NY. And what happened to him? He was brought down hard and fast.

[Waiting For Everyman]

78. He was about to interfere with their payday.

Discredited too so he wouldn't have credibility after that. Standard operating procedure.

[Enthusiast]

85. Huge +1! SOP....

[shireen]

67. that's over-the-top

Look ... i'm not a big Hillary fan but to imply that she allowed this catastrophe to unfold is going too far.

[TheProgressive]

71. Subtle difference here...

According to Clinton's statement, she went to Wall St before the crash and said they were wrecking the economy and knew about the mortgages.

If she knew all this and did nothing, well, what does that tell you?

[noretreatnosurrender]

77. Agree

I'm with you. There is no evidence that proves this. However, I would like to see these comments she made at the Town Hall fleshed out a little more. When did she go to Wall Street? If she went to Wall Street did she then talk about it to the public? Is there video somewhere? What is date of the first video where she talked about this?

[Go Vols]

70. The Big Short

https://www.animmex.co/video/12928/the-big-short-2015

I didn't see Hillary.

[agracie]

74. It's certainly not the first time she said this...

...and it won't be the last.

[Ed Suspicious]

76. Cut it out faul admission repackaged as a positive.

[liberal_at_heart]

79. Then release your transcripts Hillary. Let us see what you said to Wall Street.

[quantass]

83. +1

[left-of-center2012]

84. Obviously they didn't listen to her n/t

[mhatrw]

88. This is like Bush saying he told Al Qaeda before 9/11 to "Cut it out." nt

[thereismore]

92. She went to NASDAQ who weren't even responsible for the crash. nt

[TheProgressive]

93. Really? How do you know this?

[thereismore]

94. i think it's here

http://www.politico.com/magazine/story/2015/11/hillary-clinton-told-wall-street-to-cut-it-out-not-so-much-the-record-shows-213363

[TheProgressive]

95. Thank you for this link...

Very interesting story. NASDAQ was mentioned but the problem was with all
of 'Wall St'.

It seems many Congress people were aware of what was going on including
Democrats. But nobody did anything about it. And it certainly was not brought
to the people's attention by anybody. The Establishment let this happen.

Interesting to note; Clinton voted for the $700B Tarp bailout - Sanders voted no.

[EndElectoral]

97. When she went to Wall St to tell them, was it to Goldman's for a speaking fee?

[peacebird]

101. If she did she was clearly totally ineffective. Or perhaps she just wanted to find out where to put

HER $$$$ so they would be safe & productive.

I'm sure her buddies took care of eveyone who had special "Goldman Handcuffs"

[Lunabell]

103. She really wagged her finger bad at Wall Street.

Wink, Wink, Nudge, Nudge.

[cui bono]

105. Thanks for the OP.

It inspired a very informative discussion!



.

[TheProgressive]

106. My pleasure...!

I am glad people responded.