2016 Postmortem
Related: About this foruminteresting "openl letter" to Hillary (not mine)
An open letter to Hillary Clinton: Please, Madam, ask Sen. Sanders why he thinks your speaking fees are excessive. He is aghast that you received $200,000 from Goldman Sachs. That is exactly what other retired Cabinet members received. Some former government officials (for example, Ben Bernanke) were paid a lot more. Why should you be paid less? Few women have the gall to demand that they get paid like their male counterparts. You are an example to us all.
Sanders pushes this charge of excessive fees to claim you cannot be trusted to reign in the big banks. Nonsense. Standing your ground and demanding equal pay shows that you are not likely to be cowed by the big boys.
Billie Reaney, St. Louis Park
http://www.startribune.com/readers-write-jan-29-gun-violence-presidential-race/366924401/
VulgarPoet
(2,872 posts)"A Modest Proposal" for a cannibalistic politician.
JudyM
(29,192 posts)Public trust deserves more than a pattern of conflicts of interest.
Ino
(3,366 posts)So what drives Bernankes high speaking fees? This is the chilling part, though most readers probably knew this in advance. Bernanke is very much in demand not because hes insightful, but because the Fed is all-too powerful, and he used to be Chairman of this powerful entity. If its not already obvious, the source of Bernankes new wealth is rather troublesome simply because its not rooted in talent; rather its a function of his pull, his ability to get presumably anyone with decision-making authority at the Fed on the phone.
Bernanke is selling access to investors interested to know how the Fed will distort the normal functioning of the markets. The Feds actions move markets, so its advantageous for investors to know whats next.
So, the question is... what is Hillary selling with those high fees? She's undeniably powerful and connected. She was expected to run for President... what benefit would that offer her "investors"?
It's ridiculous to frame this as an equal pay issue.