Hillary's Warm Words For Goldman Sachs

Hillary Clinton frequently offered warm and at times sympathetic words for Wall Street during her paid speeches before some of the biggest financial powerhouses as the nation was still recovering from the 2008 crisis, according to excerpts flagged as problematic by her speaker’s bureau. …

Clinton Said That The Blame Placed On The United States Banking System For The Crisis “Could Have Been Avoided In Terms Of Both Misunderstanding And Really Politicizing What Happened.”

Clinton Said Dodd-Frank Was Something That Needed To Pass “For Political Reasons.”

Clinton Said Financial Reform “Really Has To Come From The Industry Itself.”

Clinton: As Senator, “I Represented And Worked With” So Many On Wall Street And “Did All I Could To Make Sure They Continued To Prosper”

http://www.politico.com/story/2016/10/hillary-clinton-wall-street-speeches-podesta-emails-229689

Well, at least now we know why she fought tooth-and-nail to prevent primary voters from seeing the transcripts.

But let’s look forward, not backward – as her biggest fan likes to say. What would the Clinton campaign like to say about these speeches now? To allay any concern that these plutocrat-coddling “private positions” are what we should expect from her administration.

The Clinton campaign declined to comment about the authenticity of the document, with spokesman Glen Caplin saying, “By dribbling these out every day WikiLeaks is proving they are nothing but a propaganda arm of the Kremlin with a political agenda doing [Vladimir] Putin’s dirty work to help elect Donald Trump. The FBI is now investigating this crime, the unanswered questions are why Donald Trump strangely won’t condemn it and whether any of his associates are involved.”

5 Comments

mino on October 13, 2016 at 7:34 am

Er, we are just gonna ignore it and change the subject. Maybe pull out a couple videos of Sanders saying nice things….

Why do they think they need MOAR Red Scare? Their folks are pretty well-trained already.

Oui on October 13, 2016 at 1:08 pm

Hillary Clinton’s leaked speech escerpts show she’s embraced Wall Street’s dark side | Newsweek |

In August 2004, then-New York Senator Hillary Clinton rang the opening bell at the New York Mercantile Exchange, the world’s reigning energy market. When she arrived at the trading floor, the traders unabashedly booed her. “It wasn’t because they hate Democrats,” a young man who worked in the trading pits, Ben Kaufman, told me at the time. “A lot of the traders are Democrats. They just hated her. The exchange apologized and forced all the traders to do it over again and clap for her.”

Four years later, that energy exchange was bought by an even bigger market, the Chicago Mercantile Exchange, also known as the CME. In one of Clinton’s recently leaked Wall Street speeches to the CME, dropped by WikiLeaks on Friday, she directly refers to the reason why traders of futures such as crude oil and pork bellies are so wary of her: Clinton scored a bonanza on a series of futures trades in the late 1970s that were potentially unlawful. More concerning, the totality of her leaked speeches, which have been buried under the Trump carnival, display an unsettling camaraderie with not just Wall Street but also Wall Street’s dark side.

The Clinton cult: “No one left to lie to”. Bad memories.

Marie3 on October 13, 2016 at 1:50 pm

I like how her idea of “getting economic stuff done” is to outsource it to “Wall Street.” Sort of strange for a genius that could make $99,000 on cattle futures by reading the WSJ.

Dunwoody on October 13, 2016 at 2:25 pm

Now, it’s always a little bit risky for me to come speak to a group that is committed to the futures markets because — there’s a few knowing laughs — many years ago, I actually traded in the futures markets. I mean, this was so long ago, it was before computers were invented, I think. And I worked with a group of like-minded friends and associates who traded in pork bellies and cotton and other such things, and I did pretty well.

Pretty well.

Various publications sought to analyze the likelihood of Rodham’s successful results. Rodham made her money by betting on the short side at a time when cattle prices doubled. The editor of the Journal of Futures Markets said in April 1994, “This is like buying ice skates one day and entering the Olympics a day later. She took some extraordinary risks.” Her activities involved exposure to losses that potentially could have been greater than her family’s net worth if the market had turned sharply against her. The former head of the IRS chief counsel’s Commodities Industry Specialization Team expressed skepticism that a novice trader could make such a return. One analysis performed by the University of Auburn and published in the Journal of Econmics and Finance replicated Hillary’s trades found that the odds of a return that large during the period in question were about one in 31 trillion.

http://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy#Likelihood_of_results
- Marie3 on October 13, 2016 at 6:43 pm
  
  …many years ago, I actually traded in the futures markets. …, and I did pretty well.
  
  HRC lies, massages, etc. her statements so frequently that it’s easy to toss this off as more of the same. However, the Podesta leaks suggest something somewhat different. First her comment in this instance was obviously scripted. Badly scripted because it attempts to maintain one of her old fictions that had long since been discredited AND for an audience of pros that would know this better than the general public.
  
  (Wouldn’t be that much different from speaking to air force combat veterans and telling them that she knows what it’s like to land under sniper fire.)
  
  The writer knew just enough to mention cotton and pork bellies futures and not cattle futures. Why add “I did pretty well?” That’s the crux of her old lie — a novice can’t do that well — and insults the pros. Doubt anyone there bought her embellished claim that way back when she hung out personally and professionally with commodity traders. Then there’s the “it was before computers were invented, I think.” A partner in a prestigious law firm was unfamiliar with Lexis in 1979?
  
  She may be a lot more like GWB than has been acknowledged. She’ll recite whatever is put in front of her because she lacks the knowledge/expertise base to question it. GWB thought he managed the TX Rangers and HRC thought she managed a cattle futures trading account. Did she do anything to become a partner of the Rose Law firm? Anything after being made partner?

mino on October 13, 2016 at 7:34 am

Er, we are just gonna ignore it and change the subject. Maybe pull out a couple videos of Sanders saying nice things….

Why do they think they need MOAR Red Scare? Their folks are pretty well-trained already.
Oui on October 13, 2016 at 1:08 pm

Hillary Clinton’s leaked speech escerpts show she’s embraced Wall Street’s dark side | Newsweek |

In August 2004, then-New York Senator Hillary Clinton rang the opening bell at the New York Mercantile Exchange, the world’s reigning energy market. When she arrived at the trading floor, the traders unabashedly booed her. “It wasn’t because they hate Democrats,” a young man who worked in the trading pits, Ben Kaufman, told me at the time. “A lot of the traders are Democrats. They just hated her. The exchange apologized and forced all the traders to do it over again and clap for her.”

Four years later, that energy exchange was bought by an even bigger market, the Chicago Mercantile Exchange, also known as the CME. In one of Clinton’s recently leaked Wall Street speeches to the CME, dropped by WikiLeaks on Friday, she directly refers to the reason why traders of futures such as crude oil and pork bellies are so wary of her: Clinton scored a bonanza on a series of futures trades in the late 1970s that were potentially unlawful. More concerning, the totality of her leaked speeches, which have been buried under the Trump carnival, display an unsettling camaraderie with not just Wall Street but also Wall Street’s dark side.

The Clinton cult: “No one left to lie to”. Bad memories.
Marie3 on October 13, 2016 at 1:50 pm

I like how her idea of “getting economic stuff done” is to outsource it to “Wall Street.” Sort of strange for a genius that could make $99,000 on cattle futures by reading the WSJ.
- Dunwoody on October 13, 2016 at 2:25 pm
  
  Now, it’s always a little bit risky for me to come speak to a group that is committed to the futures markets because — there’s a few knowing laughs — many years ago, I actually traded in the futures markets. I mean, this was so long ago, it was before computers were invented, I think. And I worked with a group of like-minded friends and associates who traded in pork bellies and cotton and other such things, and I did pretty well.
  
  Pretty well.
  
  Various publications sought to analyze the likelihood of Rodham’s successful results. Rodham made her money by betting on the short side at a time when cattle prices doubled. The editor of the Journal of Futures Markets said in April 1994, “This is like buying ice skates one day and entering the Olympics a day later. She took some extraordinary risks.” Her activities involved exposure to losses that potentially could have been greater than her family’s net worth if the market had turned sharply against her. The former head of the IRS chief counsel’s Commodities Industry Specialization Team expressed skepticism that a novice trader could make such a return. One analysis performed by the University of Auburn and published in the Journal of Econmics and Finance replicated Hillary’s trades found that the odds of a return that large during the period in question were about one in 31 trillion.
  
  http://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy#Likelihood_of_results
  - Marie3 on October 13, 2016 at 6:43 pm
    
    …many years ago, I actually traded in the futures markets. …, and I did pretty well.
    
    HRC lies, massages, etc. her statements so frequently that it’s easy to toss this off as more of the same. However, the Podesta leaks suggest something somewhat different. First her comment in this instance was obviously scripted. Badly scripted because it attempts to maintain one of her old fictions that had long since been discredited AND for an audience of pros that would know this better than the general public.
    
    (Wouldn’t be that much different from speaking to air force combat veterans and telling them that she knows what it’s like to land under sniper fire.)
    
    The writer knew just enough to mention cotton and pork bellies futures and not cattle futures. Why add “I did pretty well?” That’s the crux of her old lie — a novice can’t do that well — and insults the pros. Doubt anyone there bought her embellished claim that way back when she hung out personally and professionally with commodity traders. Then there’s the “it was before computers were invented, I think.” A partner in a prestigious law firm was unfamiliar with Lexis in 1979?
    
    She may be a lot more like GWB than has been acknowledged. She’ll recite whatever is put in front of her because she lacks the knowledge/expertise base to question it. GWB thought he managed the TX Rangers and HRC thought she managed a cattle futures trading account. Did she do anything to become a partner of the Rose Law firm? Anything after being made partner?

Hillary’s Warm Words For Goldman Sachs

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