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Clinton’s Campaign Is Totally Reliant On Maxed-Out Wall Street Donors

- February 11, 2016

Clinton Continues "Rake In Millions From The Financial Sector"

Even As Clinton Ups Her "Rhetorical Assault" On Wall Street, She Continues To "Rake In Millions From The Financial Sector" Showing Her "Deep And Lasting Relationships With Banking And Investment Titans." "Even as Hillary Clinton has stepped up her rhetorical assault on Wall Street, her campaign and allied super PACs have continued to rake in millions from the financial sector, a sign of her deep and lasting relationships with banking and investment titans." (Matea Gold, Tom Hamburger And Anu Narayanswamy, "Clinton Blasts Wall Street, But Still Draws Millions In Contributions," The Washington Post , 2/4/16)

Through December 2015, "Donors At Hedge Funds, Banks, Insurance Companies And Other Financial-Services Firms Had Given At Least $21.4 Million" To Clinton's Campaign, Accounting For More Than One Of Every 10 Dollars Contributed. "Through the end of December, donors at hedge funds, banks, insurance companies and other financial-services firms had given at least $21.4 million to support Clinton's 2016 presidential run - more than one of every 10 dollars of the $157.8 million contributed to back her bid, according to an analysis of Federal Election Commission filings by The Washington Post." (Matea Gold, Tom Hamburger And Anu Narayanswamy, "Clinton Blasts Wall Street, But Still Draws Millions In Contributions," The Washington Post , 2/4/16)

By The End Of 2015, Clinton Had Brought In More Money From The Financial Sector During Her Four Campaigns Than Her Husband Did During His 25 Year Political Career. "The contributions helped Clinton reach a fundraising milestone: By the end of 2015, she had brought in more money from the financial sector during her four federal campaigns than her husband did during his quarter-century political career." (Matea Gold, Tom Hamburger And Anu Narayanswamy, "Clinton Blasts Wall Street, But Still Draws Millions In Contributions," The Washington Post , 2/4/16)

Even With The Backing Of Wall Street, Sanders Is Outpacing Clinton In Small Donations

Sanders Outraised Clinton By $14 Million In March. “Clinton announced on Monday that her campaign had raised $29.5 million for the month compared with the $44 million raised by the Sanders campaign. Sanders’s March fundraising haul surpasses the campaign’s own record-setting $43.3 million raised in February. “ (Abby Phillip, “Bernie Sanders Outraises Hillary Clinton For Third Consecutive Month,” The Washington Post's Post Politics, 4/4/16)

Sanders Outraised Clinton By $13 Million In February. “Hillary Clinton raised $30 million in February and has $31 million on hand, her campaign announced on Wednesday — far less than Bernie Sanders … Her rival, Vermont Sen. Bernie Sanders, raised $43 million in February, with $6 million of that coming on Monday. Sanders' campaign has not announced its cash on hand, but as of the end of January, he had nearly $15 million in the bank.”  (Eliza Collins, “Sanders Vastly Outraised Clinton In February,” Politico, 2/2/16)

Sanders Outraised Clinton In By $5 Million In January. “Clinton began 2016 with about $38 million in campaign cash, $10 million more than Sanders had. Both saw their war chests grow bigger in January, with Sanders saying he'd raised $20 million last month and Clinton netting another $15 million.” (Julie Pace And Ken Thomas, “Dems Ready For Long, Pricey Primary Between Clinton, Sanders,” The Associated Press, 2/5/16)

Sander’s “Small Donor Network” Fundraising Strategy Is More Than Just “Optics” And “Proved Capable Of Competing With Clinton Financially, Meaning The Primary Race Could Extend Into Later Into 2015. “Beyond the optics of Sanders' small donor network, his fundraising strategy has also proved capable of competing with Clinton financially. As a result, neither is likely to have to end their campaign because of money woes, even if the race continues into late spring or early summer.” (Julie Pace And Ken Thomas, “Dems Ready For Long, Pricey Primary Between Clinton, Sanders,” The Associated Press, 2/5/16)

“Clinton Lacks The Luxury Of Pulling The Plug On All Her Wall Street Fundraising.” “What’s not in dispute is that Clinton lacks the luxury of pulling the plug on all her Wall Street fundraising. Her campaign ended the year with $38 million in the bank to $28 million for Sanders. But Sanders can tap into a vast network of small donors who keep pumping money into his campaign.” (Ben White, “Why Clinton Can’t Stop Raising Wall Street Cash,” Politico, 2/4/16)

A Senior Democratic Operative Close To The Clinton Campaign Said If Clinton Gives Up Doing Wall Street Fundraisers, She Risks Running Out Of Cash. “One senior Democratic operative close to the Clinton campaign said if the former secretary of state gave up doing Wall Street fundraisers she would risk running out of cash in a drawn-out primary.” (Ben White, “Why Clinton Can’t Stop Raising Wall Street Cash,” Politico, 2/4/16)

In 2015, Clinton Raised 58 Percent Of Her $110.4 Million In Primary Money From Donors Who Have Now Given The Maximum $2,700 Contribution To Her Campaign. “Clinton last year raised 58 percent of her $110.4 million in primary money from donors who have now given the maximum of $2,700, according to the Campaign Finance Institute. That means she has to keep finding new sources of big checks.” (Ben White, “Why Clinton Can’t Stop Raising Wall Street Cash,” Politico, 2/4/16)

Clinton Is Struggling To Match Sanders’s “Powerful Grassroots Fundraising.” “The postponed fundraisers are an issue for Clinton who is struggling to match Sanders's powerful grassroots fundraising. The Clinton campaign had $38 million in cash on hand at the end of 2015, according to a recent filing, compared to $28 million for Sanders. But Sanders continues to raise money at a rapid pace from small donors while Clinton is much more reliant of larger donors, many of whom have already given the maximum amount allowed by law. So she will have to keep holding big ticket events after New Hampshire to continue to keep up with Sanders.” (Ben White, “Clinton Postpones Another Financial-Services Fundraiser,” Politico, 2/3/16)

Clinton “Needs Money From Wall Street To Keep Pace With Sanders’ Grassroots Fundraising Juggernaut.” “It still needs money from Wall Street to keep pace with Sanders’ grassroots fundraising juggernaut.” (Ben White, “Why Clinton Can’t Stop Raising Wall Street Cash,” Politico, 2/4/16)

Clinton Fundraising With Wall Street Gives “Sanders And His Populist Supporters Perfect Fodder To Paint Clinton As Too Cozy With Wall Street And Beholden To Financial Industry Interests.” “But if it takes the money, it would give Sanders and his populist supporters perfect fodder to paint Clinton as too cozy with Wall Street and beholden to financial industry interests.” (Ben White, “Why Clinton Can’t Stop Raising Wall Street Cash,” Politico, 2/4/16)


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