Hillary Clinton Doing Finance Industry Fundraiser Just Before Iowa

[FreakinDJ]

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.”


BlackRock’s ties to Clinton go particularly deep: Cheryl Mills, one of Clinton’s closest advisers at the State Department, sits on BlackRock’s board, and perhaps not surprisingly, Clinton’s plans for the industry align with the company’s 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 Clinton’s proposals [to limit high-frequency trading] as clearing much of the competition to BlackRock’s 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.


https://theintercept.com/2016/01/26/hillary-clinton-doing-back-to-back-finance-industry-fundraisers-just-before-iowa/

[cali]

1. Corruption

[SheilaT]

2. You'd think her enthusiasts would notice this, and perhaps

begin to rethink their support of her. Alas, that doesn't seem to be happening.

[cali]

4. I'm sick of people politely dancing around it: The Clintons are corrupt

[FreakinDJ]

5. 40 years of Washington corrution

[Depaysement]

3. Cheryl Mills

I'm sure she's on BlackRock's Board because of her knowledge of "socially responsible investing."

[FreakinDJ]

6. How Hillary Clinton's former chief of staff helped a Democratic bundler

Hillary Clinton’s former chief of staff Cheryl Mills did a favor for a former Bill Clinton staffer-turned-Hillary campaign donor, giving the auto dealer, who was heavily invested in China, access to a bilateral U.S.-China event at the State Department where he could promote his private business interests.

In spring 2011, Mills invited Thomas “Mack” McLarty, Bill Clinton’s former White House chief of staff, to attend the official dinner after McLarty asked for access because of “our substantial family investment in the automotive sector (including electric vehicle development in China).”


Read more: http://www.politico.com/story/2016/01/hillary-clinton-cheryl-mills-mack-mclarty-217305#ixzz3ypGhBMTp

Government for Sale ...

[DanTex]

7. LOL. This is hilarious. I guess this guy thinks we shouldn't crack down on high-frequency trading

because doing so would benefit buy-and-hold investors like BlackRock.

I wonder why the Intercept isn't attacking Bernie's financial transaction tax?