Hillary Clinton has a problem. She is seeking the presidential nomination of a party that, at least superficially, doesn’t think very highly of Wall Street. Her Democratic rival Bernie Sanders, for example, is a principled liberal who voted against the controversial TARP bailout in 2008 (which Hillary supported), and supports legislation to break up big banks. Hillary, however, believes Wall Street is actually pretty good, especially when it comes to funding her political campaigns, paying her lots of money to give speeches, and donating to the Clinton Foundation.
Elizabeth Warren is trolling Hillary Clinton again. The liberal darling tweeted a not-so-subtle jibe aimed at the Democratic frontrunner on Thursday, touting the support of Hillary’s opponents for a lobbying reform bill authored by Sen. Tammy Baldwin (D., Wis.).
Wall Street bankers prefer Hillary Clinton over Bernie Sanders by a wide margin, a Free Beacon analysis has found. In the second quarter of 2015, here’s how much money each candidate reported receiving from employees of Goldman Sachs, Morgan Stanley, JPMorgan, Citigroup, Blackstone, and individuals listing their employer as “hedge fund.”
Clinton son-in-law Marc Mezvinsky a terrible hedge fund manager. You shouldn’t give him your money, unless you’re more interested in gaining political access to the Clintons than you are in earning an actual financial return on your investment. On second thought, what’s the difference?
Major Hilary Clinton donor JPMorgan Chase announced Thursday it would lay off more than 5,000 employees over the next two years. The move would eliminate roughly 2 percent of the company’s workforce as part of an overhaul aimed at replacing human tellers with automated technology.
POLITICO reports that former Lehman Brothers CEO Dick Fuld, speaking publicly for the first time since the 2008 financial crisis that caused his former firm to declare bankruptcy, offered a decidedly unapologetic take on his role in the risky trading practices that precipitated the crisis:
Last week, we examined a number of fun ways to buy access to the Clinton political dynasty. Wealthy individuals and powerful interest groups in this country and around the world have sought to get in on the action over the years. But few corporations have done so more prolifically than Goldman Sachs.
Banks evaluated as having a high “systemic risk” to the U.S. financial system have contributed millions to Hillary Clinton over the course of her political career. A recent study by the Treasury Department’s Office of Financial Research assessed the institutions that, due to their size, complexity and interconnectedness, posed the greatest financial risk. As it turns out, four of the six riskiest banks are big donors to Hillary Clinton: