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Bernie Sanders
Related: About this forumHillary Clinton Doing Finance Industry Fundraiser Just Before Iowa
Despite being dogged with questions about her ties to Wall Street, Hillary Clinton will take a detour from the campaign trail in Iowa to do a finance industry fundraiser on Wednesday.
Clinton will appear in Philadelphia at a gala fundraiser hosted by executives at Franklin Square Capital Partners, a $17 billion investment fund. Rocker Bon Jovi will reportedly play an acoustic set for friends who pledge $1,000 and hosts who bundle up to $27,000. (Giancarlo Stefanoni, a Clinton campaign staffer, confirmed that as of Tuesday afternoon, the event is still on.)
The Philadelphia Inquirer notes that Franklin Square employs Ivy League-educated money managers and salespeople with experience at big Wall Street firms plus four personal trainers and a dietitian to keep staff happy and productive amid the gym, yoga and nap rooms, Sol LeWitt art installations, and fancy cafeteria.
Clinton was then scheduled to head to New York City on Thursday, where she was to speak at a lunchtime Conversations With Hillary fundraiser, now set for next month. This one is co-hosted by Matt Mallow, a senior managing director and general counsel at BlackRock, the worlds largest asset management firm. As weve reported before, having a conversation with Hillary is not cheap.
BlackRocks ties to Clinton go particularly deep: Cheryl Mills, one of Clintons closest advisers at the State Department, sits on BlackRocks board, and perhaps not surprisingly, Clintons plans for the industry align with the companys financial strategy.
As David Dayen wrote for The Intercept, the company buys and holds most of its investments, meaning that any policy punishing short-term capital gains and rewarding longer-term strategies would personally benefit the firm. You could see Clintons proposals [to limit high-frequency trading] as clearing much of the competition to BlackRocks asset management business.
While Clinton certainly has an interest in raising money for her campaign, the organizers are banking on less government regulations in the future.
One of Franklin Square Capitals investment funds, the FS Energy & Power Fund, is heavily invested in fossil fuel companies, including offshore oil drilling and fracking. A disclosure posted by the company cautions that changes to laws and increased regulation or restrictions on the use of hydraulic fracturing may adversely impact the funds performance. As secretary of state, Clinton worked to spread fracking around the world.
Clinton will appear in Philadelphia at a gala fundraiser hosted by executives at Franklin Square Capital Partners, a $17 billion investment fund. Rocker Bon Jovi will reportedly play an acoustic set for friends who pledge $1,000 and hosts who bundle up to $27,000. (Giancarlo Stefanoni, a Clinton campaign staffer, confirmed that as of Tuesday afternoon, the event is still on.)
The Philadelphia Inquirer notes that Franklin Square employs Ivy League-educated money managers and salespeople with experience at big Wall Street firms plus four personal trainers and a dietitian to keep staff happy and productive amid the gym, yoga and nap rooms, Sol LeWitt art installations, and fancy cafeteria.
Clinton was then scheduled to head to New York City on Thursday, where she was to speak at a lunchtime Conversations With Hillary fundraiser, now set for next month. This one is co-hosted by Matt Mallow, a senior managing director and general counsel at BlackRock, the worlds largest asset management firm. As weve reported before, having a conversation with Hillary is not cheap.
BlackRocks ties to Clinton go particularly deep: Cheryl Mills, one of Clintons closest advisers at the State Department, sits on BlackRocks board, and perhaps not surprisingly, Clintons plans for the industry align with the companys financial strategy.
As David Dayen wrote for The Intercept, the company buys and holds most of its investments, meaning that any policy punishing short-term capital gains and rewarding longer-term strategies would personally benefit the firm. You could see Clintons proposals [to limit high-frequency trading] as clearing much of the competition to BlackRocks asset management business.
While Clinton certainly has an interest in raising money for her campaign, the organizers are banking on less government regulations in the future.
One of Franklin Square Capitals investment funds, the FS Energy & Power Fund, is heavily invested in fossil fuel companies, including offshore oil drilling and fracking. A disclosure posted by the company cautions that changes to laws and increased regulation or restrictions on the use of hydraulic fracturing may adversely impact the funds performance. As secretary of state, Clinton worked to spread fracking around the world.
https://theintercept.com/2016/01/26/hillary-clinton-doing-back-to-back-finance-industry-fundraisers-just-before-iowa/
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Hillary Clinton Doing Finance Industry Fundraiser Just Before Iowa (Original Post)
Mufaddal
Jan 2016
OP
VulgarPoet
(2,872 posts)1. And supposed we're to believe she's not a corporate puppet, or we're immediately fringe heretics
virtualobserver
(8,760 posts)3. Hillary is just renewing her vows
kath
(10,565 posts)6. Ha! nailed it!
emsimon33
(3,128 posts)11. LOL!
Not Sure
(735 posts)16. OMG that's Hillarious. And probably true. nt
malokvale77
(4,879 posts)2. Who would have thunk it?
I've grown to despise her.
Anything good she might have done is tainted.
Cassiopeia
(2,603 posts)14. Crumbs are not enough
and they would be few and far between under a Clinton regime.
kath
(10,565 posts)4. This is so repulsive.
grasswire
(50,130 posts)5. her people
....and we ain't in that club.
draa
(975 posts)7. She's fucking tone deaf.
Hasn't she heard anything people have been saying or does she just not care.
Kalidurga
(14,177 posts)8. I will take She does not care for 1,000 Alex.
emsimon33
(3,128 posts)9. And how is this news?
That's is what she does: Raises money from billionaires, wealthy corporations, and Wall Street.
Drill, Baby, drill!
TheBlackAdder
(28,189 posts)12. That's brass! nt
Cassiopeia
(2,603 posts)13. This is her last shot at the big money and she knows it.
After this campaign, win or lose, the money train changes. She's going to whip this horse long after it's fallen over from exhaustion.
dreamnightwind
(4,775 posts)15. K & R, deserves plenty of attention!
Spitfire of ATJ
(32,723 posts)18. Reread this but change "Clinton" to "Romney".
tecelote
(5,122 posts)19. +1!