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CLINTON IS THE CANDIDATE OF WALL STREET

- September 16, 2015

A "Crucial Swath" Of Democrats Fear That If Clinton Gets To The White House She Will Have Wall Street Insiders "Whispering In Her Ear." "Hillary Rodham Clinton is adamant that she is no friend of the fat cats, yet she can't seem to shake the view held by a crucial swath of Democrats that if she gets to the White House, Wall Street insiders will be whispering in her ear." (Evan Halper, "Clinton Says She's Talking To Lots Of Economists, But Progressives Want Names," The Los Angeles Times, 7/28/15)

Clinton "Declined To Endorse Legislation Championed By Sen. Elizabeth Warren That Would Break Up Big Banks." "Democratic presidential frontrunner Hillary Clinton on Thursday declined to endorse legislation championed by Sen. Elizabeth Warren (D-Mass.) that would break up big banks. Warren and other liberals - including Clinton's 2016 primary opponents Sen. Bernie Sanders (I-Vt.) and former Maryland Gov. Martin O'Malley - are pushing to reinstate legislation that President Bill Clinton repealed in 1999 called Glass-Steagall." (Kevin Cirilli, "Clinton Dodges On Glass-Steagall," The Hill, 7/23/15)

  • In "Highlighting A Difference" Between Himself And Clinton, Gov. O'Malley Challenged Democrats To "Embrace A New Version Of The Glass-Steagall Act." "Former Maryland Gov. Martin O'Malley on Thursday challenged the Democrats running for president to embrace a new version of the Glass-Steagall Act, highlighting a difference between himself and the frontrunner for the party's nomination, Hillary Clinton." (Jonathan Easley, "O'Malley Seizes On Glass-Steagall," The Hill, 7/23/15)

"None" Of Clintons Proposals So Far "Appear Close" To The Major Crackdown On Banking Practices, Financial Loopholes And Astronomical Salaries Favored By Many Liberals." "None of the proposals she has put forward so far appear close to the major crackdown on banking practices, financial loopholes and astronomical salaries favored by many liberals. Clinton is expected to fill in some details in a speech about corporate responsibility this week." (Anne Gearan, "Hillary Clinton Bashes Wall Street, But Only A Little," The Washington Post , 7/20/15)

Clinton's Disappointing Position On Financial Reform Has Raised Questions About Her Close Ties To Wall Street

Clinton's "Longstanding Ties" To Wall Street Have Made Her "Suspect" In The Eyes Of Some Of The Democratic Party's More Liberal Voters. "Clinton's own longstanding ties to Wall Street, both as a New York senator and two-time Democratic presidential contender, have made her suspect in the eyes of some of the Democratic Party's most liberal voters. Those voters wield particular influence now, when they can point up the shortcomings of the Democratic front-runner by backing a competitor or withholding support." (Anne Gearan, "Hillary Clinton Bashes Wall Street, But Only A Little," The Washington Post , 7/20/15)

A "Crucial Swath" Of Democrats Fear That If Clinton Gets To The White House She Will Have Wall Street Insiders "Whispering In Her Ear." "Hillary Rodham Clinton is adamant that she is no friend of the fat cats, yet she can't seem to shake the view held by a crucial swath of Democrats that if she gets to the White House, Wall Street insiders will be whispering in her ear." (Evan Halper, "Clinton Says She's Talking To Lots Of Economists, But Progressives Want Names," The Los Angeles Times, 7/28/15)

Clinton's Rivals Have Made Her Campaign "Uncomfortable" By Introducing Proposals Intended To Prevent Wall Street Insiders From "Gliding In And Out Of Government." "Clinton's opponents in the Democratic primary have made the issue all the more uncomfortable by rolling out 'revolving door' proposals intended to prevent Wall Street insiders from gliding in and out of government." (Evan Halper, "Clinton Says She's Talking To Lots Of Economists, But Progressives Want Names,"The Los Angeles Times, 7/28/15)

Two Of Clinton's Top Aides "Received Benefits Tied To Their Wall Street Employment Contracts For Entering Public Service." "One possible explanation for Clinton's lack of interest in banning golden parachutes is that she tolerated them when she ran the State Department - for two of her top aides. Robert Hormats and Thomas Nides previously worked as executives for financial firms Goldman Sachs and Morgan Stanley, respectively. Both received benefits tied to their Wall Street employment contracts for entering public service." (David Dayen, "Two Big Reasons Hillary Clinton Isn't Taking Elizabeth Warren's Revolving-Door Dare," The Intercept , 7/30/15)

  • Tom Nides And Robert Hormats "Received Millions Of Dollars In Golden Parachute Payments" From Goldman Sachs And Morgan Stanley To Become "Clinton's Deputies." "In a letter to the Clinton campaign delivered today, the organizations, including Rootstrikers, Democracy for America, CREDO and MoveOn.org Political Action, refer to two top aides to Clinton when she served as secretary of state, Thomas Nides and Robert Hormats. As The Intercept reported in July, Nides and Hormats received millions of dollars in golden parachute payments from their respective ex-employers, investment banks Morgan Stanley and Goldman Sachs, after becoming Clinton's deputies." (David Dayen, "Progressives Demand Answers From Clinton On Golden Parachutes For Wall Streeters Turned-Government Officials," The Intercept , 8/26/15)
  • Michael Smallberg, Of The Project On Government Oversight, Called Clinton's Aides "Textbook Examples" Of Conflicted Views In Government. "'I would say these are textbook examples,' said Michael Smallberg of the Project on Government Oversight, which has closely followed this issue. "I would raise concerns on how these payments affect the officials' views, not only toward their former employers but the industry more broadly.'" (David Dayen, "Two Big Reasons Hillary Clinton Isn't Taking Elizabeth Warren's Revolving-Door Dare," The Intercept , 7/30/15)

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