Hillary vs Bernie: Friend or Foe of Wall Street

From last night’s town hall on CNN,  Anderson Cooper asked the Democratic front-runner if she made “a bad error in judgment” by accepting $675,000 from Goldman Sachs for three speeches. She didn’t hesitate to say no.

Her explanation sounded flip. “That’s what they offered,” she said, adding that “every secretary of state that I know” has also given such high-priced speeches.

Cooper followed up by asking why she’d take the risk of making such appearances if she was going to run for president. Clinton said it was because she was not totally sure she would get in the race. “To be honest, I wasn’t committed to running,” she replied.

The most problematic part of her answer came when she insisted something that is demonstrably untrue: “They’re not giving me very much money now, I can tell you that much. Fine with me.”

However, according to an analysis of Federal Election Commission filings.”

  • “In all, donors from Wall Street and other financial-services firms have given $44.1 million to support Hillary Clinton’s campaigns and allied super PACs, compared with $39.7 million in backing that former president Bill Clinton received from the industry.”
  • Only about $75,000 of the $75 million Sanders has raised for his 2016 campaign has come from donors in the finance sector.”
  • “With the $21.4 million that Wall Street has given for her current White House bid, Clinton is on track to quickly exceed the nearly $23 million that she raised in her three previous campaigns combined from the PACs and employees of banks, hedge funds, securities firms and insurance companies.”

Washington Post article

So how can she attack Wall Street big money?  because she’s a politician and has a long history of saying whatever she feels she needs to in order to get elected.

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