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Podesta Downplays Clinton Transcripts: 'Hardly a Revelation' that Wall Street Can Police Itself Best

October 9, 2016

Hillary Clinton campaign chairman John Podesta took to Fox News Sunday to respond to the criticism surrounding Clinton and her double-sided remarks on reeling in big money and handling Wall Street if she were elected president by downplaying them.

Among the remarks revealed by Wikileaks were a 2013 speech where Clinton said that Wall Street should be consulted over financial reform.

"The people that know the industry better than anybody are the people who work in the industry," she said.

Host Chris Wallace pressed Podesta if Clinton felt that she needed to kiss up to big banks or be tough with them. Podesta deflected.

"That's hardly a revelation," Podesta said. "I mean, I think people on Wall Street know how to game the system. What she wants to do is crack down on the system, make sure that there's no institution that's too big to fail and there's no person that's too big to jail."

Russian hackers had released portions of Clinton's private speeches to big banks on Wall Street where she said that knowing that, when it comes to regulation of the big banks, you need people who work in the industry and know the industry better than anyone else.

In a public town hall-style Democratic presidential primary debate, Clinton said something different. Clinton said that she had never been influenced by the big banks and challenged people to name something that she had been influenced by.

Podesta said that it should be concerning that Russia is trying to influence the United States election by hacking into Democratic accounts.

Podesta added that Clinton has put together a comprehensive plan on how to deal with the big banks of Wall Street and how to reduce them. He said that this was a plan that she was proud of to be a part of the Democratic platform that she worked with Sen. Bernie Sanders over the summer.