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Sun Oct 11, 2015, 07:47 PM

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

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Reply Why Wall Street Loves Hillary (from 11/11/14) (Original post)
ejbr Oct 2015 OP
jfern Oct 2015 #1
99th_Monkey Oct 2015 #2

Response to ejbr (Original post)

Sun Oct 11, 2015, 07:48 PM

1. They know she doesn't actually oppose TPP

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

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Response to jfern (Reply #1)

Sun Oct 11, 2015, 07:54 PM

2. The Devil will be in the details

 

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.

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