2016 Postmortem
Related: About this forumBehind Hillary Clinton's High Praise for a Republican Wall Street Guru
Terry Duffy, whom Hillary Clinton quoted in her economics speech Monday, is a futures exchange operator and, yes, a registered Republican. But he's been on Team Hillary since at least 2008.
Duffy may be a registered Republican, but he is a Clinton supporter as well. He endorsed Clinton in her 2008 run, saying, We need a president like Hillary Clinton who understands the important role that financial markets play in our global economy. He added, Like no other candidate, Hillary Clinton crosses party lines to combine the visionary leadership and pragmatic problem-solving skills that this country needs in its President. He gave the maximum contribution of $4,600 to her 2008 campaign.
Duffy declined comment for this article, though Anita Liskey, the managing director of communications at CME, confirmed his current party registration. She told me, of Duffy's relationship with Clinton, He knows her well and hes obviously pleased that she mentioned his piece.
E-mails released last week by the State Department show evidence of this relationship, as Bloombergs Jennifer Epstein and Ben Brody have detailed. Duffy asked Clinton to stop by a dinner he was hosting for 150 or so folks from the exchange, and she in turn asked an aide to help find a moment for Duffy's group to visit the State Department. He was the conduit through which Senator Lindsey Graham, a Republican rival in the presidential race, sent greetings...
Thinkingabout
(30,058 posts)stop looking in the DNC, look into the GOP.
delrem
(9,688 posts)Wilms
(26,795 posts)delrem
(9,688 posts)That poster is completely turned.
Wilms
(26,795 posts)London Lover Man
(371 posts)LWolf
(46,179 posts)840high
(17,196 posts)WillyT
(72,631 posts)Doctor_J
(36,392 posts)beam me up scottie
(57,349 posts)Hillary just called, she said to stop "helping" her on DU.
London Lover Man
(371 posts)said "Never mind".
beam me up scottie
(57,349 posts)London Lover Man
(371 posts)London Lover Man
(371 posts)I think you need to look at your username, and think about what you just said.
99Forever
(14,524 posts)....their cash from.
Cheese Sandwich
(9,086 posts)Clinton Offers Centrist Economic Vision, Avoids Proposals of Warren Wing
http://www.democraticunderground.com/1251445789
CTBlueboy
(154 posts)Next up Republicans defend HRC Iraq war vote
This really a twilight zone
Cheese Sandwich
(9,086 posts)It really shows a lack of understanding about what caused the financial crisis in the first place. It wasn't caused by unscrupulous individual decisions. The framework of the system encouraged that behavior. I read that Terry Duffy quote and to me it sounds like an argument that Wall Street needs to do a better job of regulating themselves. And of course hoping for that to happen is somewhere off in unicorn territory.
Agony
(2,605 posts)HRC better acknowledge that the FIRE sector is corrupt, happy with the status quo and needs fundamental (re)regulatory change or she will get run over.
http://neweconomicperspectives.org/2015/02/bank-leaders-condemn.html
"
Bank leaders arent worried about their corrupt cultures or endemic frauds they view their most significant risk to be regulatory interventions that might stop their frauds and send them to prison.
The Financial Services and Energy and Utilities industries rated only one risk regulatory changes and regulatory scrutiny as a Significant Impact risk.
Yes, that is precisely our job as financial regulators providing effective scrutiny to break the Greshams dynamic caused by elite bank frauds.
"
just let the free market be free and prosperity will rain down upon all
Cheese Sandwich
(9,086 posts)If we're counting on Wall Street traders to get religion and start being ethical all of a sudden, it's not happening. If that's the cornerstone of some politicians's relationship with financial industry, I don't see how we can trust her to control them.
Agony
(2,605 posts)Expecting goodwill to control FIRE sector dishonest behavior equals predictable recurring systemic economic crises. We need real regulation not get out of jail by paying a fine "incentives". Jail
War on FIRE fraud.
Investment Banks, Commercial Banks, Bank Holding Companies, Insurance Companies and Derivatives need to be appropriately (re)regulated, it isn't just about the bad actors.
Scuba
(53,475 posts)MisterP
(23,730 posts)that second clause is in fact quite important in today's political climate, but the whole sentence is WHY we have today's political climate, with the Dems always treading the Pubs' heels
Maedhros
(10,007 posts)IMO, those social justice stances are calculated to bring liberals into the herd. It's boilerplate Third Way strategy: pat the liberals on the head and give them a cookie, while filling your war chest from corporate coffers.
CharlotteVale
(2,717 posts)DanTex
(20,709 posts)I guess it's the same old double standard in action. Republicans liking Bernie is good. Republicans liking Hillary is bad.
Cheese Sandwich
(9,086 posts)There should be room in the Democratic party for people who hunt or have guns for self defense. Calling people gun nuts like that just shows you're against all guns.
I would rather make a political alliance with some of the good friendly people with guns, and not make an alliance with the Wall Street crooks who treat the whole economy like their own personal casino.
There are different types of Republicans. You can keep the snakes of Wall Street. I'd rather hang out with the "gun nuts" most of whom are not actually gun nuts at all.
DanTex
(20,709 posts)Cheese Sandwich
(9,086 posts)eta:
* just kidding I won't stop. It was only a rhetorical suggestion not serious.
edit 2:
By the way, I don't think Wall Street people are really especially bad. That's one reason why Hillary's comments are disturbing. She's the one saying they need to learn ethics.
It's the system that leads people to behave that way. They need legal controls, at the least. Not an ethics lecture.
edit 3: Why "banksters" is in quotes? I agree that's a weird word, and I've never said it. We should call them by their real job titles or go with more classic insults, but there is no need to invent a new word like "banksters".
Cheese Sandwich
(9,086 posts)I heavily edited my previous post (#27) multiple time after saving it. This is just an FYI.