I Worked on Wall Street - Here's Why I'm Skeptical Hillary Clinton Will Rein It In

[Ferd Berfel]

http://www.alternet.org/election-2016/i-worked-wall-street-heres-why-im-skeptical-hillary-clinton-will-rein-it?akid=13998.130268.xLhFWV&rd=1&src=newsletter1051112&t=11


Wall Street is very much intertwined with the Clinton's. I doubt that will change anytime soon.

I owe almost my entire Wall Street career to the Clintons. I am not alone; most bankers owe their careers, and their wealth, to them. Over the last 25 years they – with the Clintons it is never just Bill or Hillary – implemented policies that placed Wall Street at the center of the Democratic economic agenda, turning it from a party against Wall Street to a party of Wall Street.

That is why when I recently went to see Hillary Clinton campaign for president and speak about reforming Wall Street I was skeptical. What I heard hasn’t changed that skepticism. The policies she offers are mid-course corrections. In the Clintons’ world, Wall Street stays at the center, economically and politically. Given Wall Street’s power and influence, that is a dangerous place to leave them.

Salomon Brothers hired me in 1993, seven months after President Bill Clinton’s inauguration. Getting a job had been easy, Wall Street was booming from deregulation that had begun under Reagan and was continuing under Clinton

When Bill Clinton ran for office, he offered up him and Hillary (“Two for the price of one”) as New Democrats, embracing an image of being tough on crime, but not on business. Despite the campaign rhetoric, nobody on the trading floor I joined had voted for the Clintons or trusted them.

(snip)

Hillary Clinton continues to receive large donations from top bankers. Ask anyone who has spent the last two decades on Wall Street which politicians have worked for them the hardest and most will grudgingly admit it’s the Clintons. I doubt that will change anytime soon.

[Faux pas]

1. Kickin' for the truth!

[99th_Monkey]

2. YUUUGE K&R!!! n/t

[HooptieWagon]

3. And when Wall St crashed the economy due to their greed,...

...the AA community got hit the hardest. Family net worth declined more than any other demographic, and it continues to decline as family net worth for whites is growing. It beats me why blacks are continuing to support the Wall St wing of the party.

[WillyT]

4. HUGE K & R !!! - THANK YOU !!!

[Impedimentus]

5. Hillary Will "RAIN IN" the Money

Tons of it.

[Ferd Berfel]

7. LOL When it 'Reins' it pours

[Impedimentus]

8. Thank you for the GREAT reply !

Nice job.

[uponit7771]

6. I worked in IT with an investment firm and I'm more skeptical Sanders even understands what happened

... to continue to demonize the "big banks" (BOA, WF, CITI) when for the most part they weren't involve and were made to buy the smaller ones that were doesn't even come close to showing a shallow depth of knowledge.

Sanders CFMA vote was way worse than repeal of GS...

Without the repeal of GS the housing crises STILL could have happened!!!

The companies were allowed unmittigated leveraging because of Sanders CFMA vote... they didn't need access to tons of capital.