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Hillary attacked Wall Street to voters, but helped them as Senator
http://www.dailykos.com/stories/2016/2/4/1479904/-Clinton-Last-Night-Name-Anything-Wall-Street-Has-Influenced-Me-On-OK-I-Will
While being questioned about her Wall Street ties, Clinton said to Anderson Cooper, the moderator—
“But you know anybody who knows me who thinks that they can influence me — name anything they’ve influenced me on. Just name one thing. I’m out here every day saying I’m going to shut them down, I’m going after them.”
Challenge accepted.
In 2007, while running for president, Clinton made campaign speeches attacking the tax break for hedge-fund and private-equity executives — one of the infamous loopholes that allows rich people to pay way less in taxes than they’re supposed to — but did not sign her name onto legislation that would have ended the tax break and closed the loophole.
Just as she’s doing now, she was “out [t]here every day saying I’m going to shut them down,” but did not actually use her elected-official power to keep her word, and follow through with the simple act of signing her name onto someone else’s bill.
In 2007, while running for president, Clinton made campaign speeches attacking the tax break for hedge-fund and private-equity executives — one of the infamous loopholes that allows rich people to pay way less in taxes than they’re supposed to — but did not sign her name onto legislation that would have ended the tax break and closed the loophole.
Just as she’s doing now, she was “out [t]here every day saying I’m going to shut them down,” but did not actually use her elected-official power to keep her word, and follow through with the simple act of signing her name onto someone else’s bill.
As Politico reports,
When [Clinton] had a chance to support a bill that aimed to curb a tax break she publicly decried for hedge-fund and private-equity executives, she failed to sign on.
Clinton said one thing in public, but did another behind closed doors.
She attacked Wall Street to voters, but helped them as a senator.
Why?
Because Wall Street executives were the biggest donors to her 2006 Senate campaign and her 2008 presidential campaign.
Clinton got millions from the financial industry while also protecting them — she is most assuredly influenced by her Wall Street donors.
That’s one thing right there, per Clinton’s request — but here’s even more.
In 2007 and 2008, Clinton did not work with the other senators in Congress to pass a housing bill to stop individual financial players from destroying the economy.
As ProPublica reports,
When a broad housing bill finally became law in 2008, Clinton was not among the more than dozen senators credited by party leaders as playing a key role.
She was not a leader in the Senate to stop Wall Street’s reckless behavior.
In fact, she was barely even a follower.
Additionally, as Politico reports—
Clinton also has some history with the shadow-banking world she says is a continuing risk to the financial system.
While in the Senate, she made a little-noticed overture to Treasury Secretary Henry Paulson, who was involved in talks to rescue giant insurer AIG with government funds.
She was calling on behalf of wealthy investors who stood to lose millions and had hired two longtime Clinton associates to represent them.
So not only did she not battle for the American people against Wall Street, or even follow those who were fighting for the citizens, she actually fought on Wall Street’s behalf.
When [Clinton] had a chance to support a bill that aimed to curb a tax break she publicly decried for hedge-fund and private-equity executives, she failed to sign on.
Clinton said one thing in public, but did another behind closed doors.
She attacked Wall Street to voters, but helped them as a senator.
Why?
Because Wall Street executives were the biggest donors to her 2006 Senate campaign and her 2008 presidential campaign.
Clinton got millions from the financial industry while also protecting them — she is most assuredly influenced by her Wall Street donors.
That’s one thing right there, per Clinton’s request — but here’s even more.
In 2007 and 2008, Clinton did not work with the other senators in Congress to pass a housing bill to stop individual financial players from destroying the economy.
As ProPublica reports,
When a broad housing bill finally became law in 2008, Clinton was not among the more than dozen senators credited by party leaders as playing a key role.
She was not a leader in the Senate to stop Wall Street’s reckless behavior.
In fact, she was barely even a follower.
Additionally, as Politico reports—
Clinton also has some history with the shadow-banking world she says is a continuing risk to the financial system.
While in the Senate, she made a little-noticed overture to Treasury Secretary Henry Paulson, who was involved in talks to rescue giant insurer AIG with government funds.
She was calling on behalf of wealthy investors who stood to lose millions and had hired two longtime Clinton associates to represent them.
So not only did she not battle for the American people against Wall Street, or even follow those who were fighting for the citizens, she actually fought on Wall Street’s behalf.
