Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ejbr

(5,852 posts)
Sun Oct 11, 2015, 07:47 PM Oct 2015

Why Wall Street Loves Hillary (from 11/11/14)

Hillary Clinton has finally shown her hand. After having sat out the financial crisis and all the economic turmoil that has followed in the past six years—and with good reason, since for most of that time she was tending to the nation’s diplomacy as secretary of state—she is proving to be an anti-Wall Street populist too, and as much a socialist as her former boss, President Obama.

But here’s the strange thing: Down on Wall Street they don’t believe it for a minute. While the finance industry does genuinely hate Warren, the big bankers love Clinton, and by and large they badly want her to be president. Many of the rich and powerful in the financial industry—among them, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO James Gorman, Tom Nides, a powerful vice chairman at Morgan Stanley, and the heads of JPMorganChase and Bank of America—consider Clinton a pragmatic problem-solver not prone to populist rhetoric. To them, she’s someone who gets the idea that we all benefit if Wall Street and American business thrive. What about her forays into fiery rhetoric? They dismiss it quickly as political maneuvers. None of them think she really means her populism.

Although Hillary Clinton has made no formal announcement of her candidacy, the consensus on Wall Street is that she is running—and running hard—and that her national organization is quickly falling into place behind the scenes. That all makes her attractive. Wall Street, above all, loves a winner, especially one who is not likely to tamper too radically with its vast money pot.

(So in addition to funding unnecessary wars, I presume we will bail out Wall Street again should she become president. And they haven't learned their lesson from 2008; why would they, as they have not suffered for it like the rest of us)

I realize this is an old story, but it shouldn't be forgotten.

Wall Street and Hillary

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Why Wall Street Loves Hillary (from 11/11/14) (Original Post) ejbr Oct 2015 OP
They know she doesn't actually oppose TPP jfern Oct 2015 #1
The Devil will be in the details 99th_Monkey Oct 2015 #2

jfern

(5,204 posts)
1. They know she doesn't actually oppose TPP
Sun Oct 11, 2015, 07:48 PM
Oct 2015

It's just some triangulation it pretend to be against it for the primary.

 

99th_Monkey

(19,326 posts)
2. The Devil will be in the details
Sun Oct 11, 2015, 07:54 PM
Oct 2015

she'll claim some lame "improvements" have been made, which no one can verify
because the thing has been shrouded in utter secrecy, so "changes" will become
a shadow game .. i.e. now you see it, now you don't.

Latest Discussions»Retired Forums»2016 Postmortem»Why Wall Street Loves Hil...