2016 Postmortem
Related: About this forumPeople for Bernie, Wall Street and Other Big Money Interests for Hillary
People for Bernie, Wall Street and Other Big Money Interests for HillaryBen Spielberg
Huffington Post
As the chart shows, Clinton actually leads all Republican candidates in contributions from this industry. She has received over 40 times more money than Sanders has from individuals associated with Wall Street.
Candidates receive considerably more financial support from Super PACs than from individual donations, but Clinton ranks among the Republicans in this category, too. Jeb Bush, Ted Cruz, and Marco Rubio outpace her (Bush by a considerable margin), but Clinton's $20.3 million in Super PAC money is exactly $20.3 million more than Sanders has received. While it's not clear how much of any candidate's Super PAC money comes from Wall Street, and while I suspect that Clinton Super PAC donors George Soros and S. Donald Sussman are more amenable to basic regulations than their fellow billionaire hedge fund managers who donate to Republicans, it seems plausible that, if Hillary Clinton becomes President, Wall Street might expect a few favors. And that's before even discussing the lavish speaking fees she receives from the industry and its donations to the Clinton foundation.
I find it especially hard to understand the belief that Clinton will be "tough on Wall Street" in the context of what she touted during the debate:
I represented Wall Street, as a senator from New York, and I went to Wall Street in December of 2007 -- before the big crash that we had -- and I basically said, "cut it out! Quit foreclosing on homes! Quit engaging in these kinds of speculative behaviors."
Related:
Hillary Clinton, Jeb Bush Still Favorites of Wall Street Banks
Lobbyist: Hillary Clinton will become Mrs. Wall Street if shes elected
Colbert: Clinton to Banks- Cut it out!
MATT TAIBBI: Hillary Clinton's Take on Banks Won't Hold Up
Robert Scheer: Go Ahead, Back Hillary Clinton and Forget All About Her Record
upaloopa
(11,417 posts)FarPoint
(12,293 posts)Until we stop Citizen United and megga campaign donation, we have to use all resources to win....If we focus also on regaining control of Congress, then changes could occur.
So, I'm glad Hillary has these connections. Ideals are goals, not reality.
portlander23
(2,078 posts)Ends justifies the means sometimes. Let's just hope when it comes to Wall Street her view of "the ends" are good for working people ...
FarPoint
(12,293 posts)Yes, we can evoke change....
portlander23
(2,078 posts)About retaining control. What I don't want is another third way administration that's the "liberal" face dismantling what remains of the New Deal like we had in the 90s.
FarPoint
(12,293 posts)The game is a foot... So, heck, we could regain Congress in 2016....then we could fight the big money.
portlander23
(2,078 posts)I don't think Mrs. Clinton will seriously fight against the people who put her in office.
Thinkingabout
(30,058 posts)They are making the smart move, thanks for pointing out smart moves.