THE PANTSUIT REPORT: Wall Street has Made Hillary Clinton a MillionairePosted: October 13, 2015
She even made more money speaking to UBS and Goldman Sachs than her husband Bill did.
As Clinton tries to talk tough about how she will stand up to America’s biggest banks, her Democratic rivals are likely to remind voters just how cozy she’s been with Wall Street.
“Her closeness with big banks on Wall Street is sincere, it’s heart-felt, long-established and well known.”
— former Maryland Governor Martin O’Malley
While Clinton has given paid speeches to many groups, Wall Street banks and investment houses made up a third of her speech income.
She even made more money speaking to UBS and Goldman Sachs than her husband Bill did. Goldman Sachs in New York paid Bill $200,000 for a speech in June 2013 and Hillary $225,000 for a speech in October of that year.
“If the other candidates want to make this an issue, they’ve got plenty of material.”
— Larry Sabato, director of the University of Virginia Center for Politics.
Sanders has been outspoken that the big banks are still “too big to fail” and should be broken up.
Clinton’s anti-Wall Street policies stop far short of that, with proposals to tax short-term trading and impose a “risk fee” on big banks with assets over $50 billion.
Wall Street’s reaction to her plan to regulation big banks was mostly a sigh of relief.
“We continue to believe Clinton would be one of the better candidates for financial firms,” one analyst wrote.
Wall Street has been a top supporter of Clinton’s career
As a former senator from New York, it is not surprising that Hillary Clinton would have a close connection to the financial world. But Wall Street continues to be a big contributor to her political career….(read more)
- Goldman Sachs is destroying its rivals in M&A (GS) (businessinsider.com)
- Goldman Sachs is destroying its rivals in M&A (GS) (uk.businessinsider.com)
- Establishment Dems Work Hard to Push Clinton Over Sanders (teaparty.org)
- Bernie Sanders’ Bank Plan: Too Big to Succeed? (motherjones.com)
- This is Not a Market Story: Goldman Sachs CEO Blankfein Has Lymphoma (blogs.barrons.com)