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Fri May 8, 2015, 01:08 AM

 

The Nation: If You’re Wondering If Hillary Is Turning Populist, Just Ask Her Banker Friends

If You’re Wondering If Hillary Is Turning Populist, Just Ask Her Banker Friends
Hillary Clinton is trying to recast herself as the future president of the people—but she’ll need more than a PR campaign to erase her long-standing ties to Wall Street.

By Nomi Prins * May 7, 2015 * The Nation

The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.

When Hillary Clinton video-announced her bid for the Oval Office, she claimed she wanted to be a “champion” for the American people. Since then, she has attempted to recast herself as a populist and distance herself from some of the policies of her husband. But Bill Clinton did not become president without sharing the friendships, associations, and ideologies of the elite banking sect, nor will Hillary Clinton. Such relationships run too deep and are too longstanding.

To grasp the dangers that the Big Six banks (JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley) presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Alliances established then (not exclusively with Democrats, since bankers are bipartisan by nature) enabled these firms to become as politically powerful as they are today and to exert that power over an unprecedented amount of capital. Rest assured of one thing: their past and present CEOs will prove as critical in backing a Hillary Clinton presidency as they were in enabling her husband’s years in office.

In return, today’s titans of finance and their hordes of lobbyists, more than half of whom held prior positions in the government, exact certain requirements from Washington. They need to know that a safety net or bailout will always be available in times of emergency and that the regulatory road will be open to whatever practices they deem most profitable.

http://www.thenation.com/article/206625/if-youre-wondering-if-hillary-turning-populist-just-ask-her-banker-friends
This article originally appeared at TomDispatch.com. To stay on top of important articles like these, sign up to receive the latest updates from TomDispatch.com. This piece has been adapted and updated by Nomi Prins from chapters 18 and 19 of her book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, just out in paperback (Nation Books).

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Reply The Nation: If You’re Wondering If Hillary Is Turning Populist, Just Ask Her Banker Friends (Original post)
99th_Monkey May 2015 OP
NYC_SKP May 2015 #1
99th_Monkey May 2015 #2
JDPriestly May 2015 #4
woo me with science May 2015 #8
merrily May 2015 #3
woo me with science May 2015 #5
merrily May 2015 #6
cantbeserious May 2015 #7

Response to 99th_Monkey (Original post)

Fri May 8, 2015, 01:22 AM

1. I call on all the candidates to insist on more than six debates.

 

I'm serious, if they're serious about transparency and populist ideals, they'll do this.

Fuck the DNC ruling on six exclusive debates.

I'm gobsmacked by that.

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Response to NYC_SKP (Reply #1)

Fri May 8, 2015, 01:26 AM

2. The more debates the better for Bernie

 

I'm guessing.

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Response to NYC_SKP (Reply #1)

Fri May 8, 2015, 02:40 AM

4. Yes.

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Response to NYC_SKP (Reply #1)

Fri May 8, 2015, 07:52 AM

8. Absolutely. Expose the rigged game.


Shame the corporate puppets and the puppeteers for this silencing of real debate they are trying to shove down our throats.

Bernie and others should arrange real, substantive debates through the League of Women Voters, for example, and leave the corporate shills standing alone and shamed through sheer contrast by their pithy, vapid talking points on the DNC pageant stage.


http://www.democraticunderground.com/?com=view_post&forum=1002&pid=6634315

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Response to 99th_Monkey (Original post)

Fri May 8, 2015, 01:43 AM

3. I'm not wondering. Wall Street is confident this is nothing more than campaign rhetoric. So am I.

So are, all DUers. Remember that.


Hillary Clinton’s Wall Street backers: We get it

Populist rhetoric, many say, is good politics — but doesn’t portend an assault on the rich.


Read more: http://www.politico.com/story/2015/04/hillary-clintons-wall-street-backers-we-get-it-117017.html#ixzz3ZWVPXVkN

Axelrod said her biggest challenge will be to convince people she's authentic.

http://www.politico.com/story/2015/04/david-axelrod-hillary-clinton-top-voter-challenge-116990.html

Her "trustability" ratings are down in the polls.

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Response to merrily (Reply #3)

Fri May 8, 2015, 03:05 AM

5. Yup. It takes some fervent and willful self-delusion


to pretend that we don't already know what Hillary stands for.

It ain't the 99 percent.

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Response to woo me with science (Reply #5)

Fri May 8, 2015, 03:13 AM

6. Self delusion and/or some motivation to try to delude others.

Neither campaign rhetoric of 2008 nor campaign rhetoric of 2016 is going to trump decades in the public eye, though.

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Response to 99th_Monkey (Original post)

Fri May 8, 2015, 03:46 AM

7. I'm Ready For Oligarchy - Are You? - Vote HRC - Wall Street's Best Friend

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