Politico: Hillary Clinton Told Wall Street To ‘Cut It Out’ — Not So Much, the Record Shows

[99th_Monkey]

Hillary Clinton Told Wall Street To ‘Cut It Out’—Not So Much, the Record Shows
Her legislation on banking and housing finance stalled as crisis escalated.
By Jeff Gerth * November 15, 2015 * Politico

Under attack during Saturday night’s Democratic debate over her historical reliance on campaign contributions from Wall Street, Hillary Clinton said she isn’t influenced by such donations and would be at least as tough on the industry as her opponents. ~snip~

Yet an examination of Clinton’s remarks to Wall Street in December 2007 and her actions as a New York senator—a period when she had the best opportunity to translate her words into deeds—presents a more mixed picture of her record on the financial industry.

The bills Clinton introduced on banking and housing finance got no traction. When she had a chance to support a 2007 bill that aimed to curb a tax break she publicly decried for hedge-fund and private-equity executives, she failed to sign on.

Clinton also has some history with the shadow-banking world she says is a continuing risk to the financial system. While in the Senate, she made a little-noticed overture to Treasury Secretary Henry Paulson, who was involved in talks to rescue giant insurer AIG with government funds. She was calling on behalf of wealthy investors who stood to lose millions and had hired two longtime Clinton associates to represent them.

‘Cut it Out’
In his most direct attack on Clinton’s record to date, Sanders on Saturday suggested that she was in Wall Street’s pocket.
“Why, over her political career has Wall Street been a major—the major campaign contributor to Hillary Clinton? You know, maybe they're dumb and they don't know what they're going to get, but I don't think so,” the Vermont senator said.

Read more: http://www.politico.com/magazine/story/2015/11/hillary-clinton-told-wall-street-to-cut-it-out-not-so-much-the-record-shows-213363#ixzz3rfhx1J3I

[virtualobserver]

1. maybe she didn't 'shout' loud enough....

when she told them to ‘Cut It Out’.

[99th_Monkey]

3. Maybe Hillary's 'small donors' could chip in to buy one of these, for her next trip to Wall St

[angrychair]

8. No way

She doesn't have enough small donors to afford something so expensive. Maybe some of the larger donors will help them out? A lot more of them.

[merrily]

2. Which bills written by Hillary did become law, other than the ceremonial ones?

However, IIRC her statement was that she went down there and told them to cut it out. So I don't think she was talking about a bill,

[Dragonfli]

6. I think she "misremembered" the phrase "Cut the check!" the more likely verbalization. /NT

[merrily]

7. Literally laughed out loud, just when I needed a good one. Thanks, Dragonfli.

[Dragonfli]

12. You deserve a good laugh for all you do

I have lost the stomach to constantly correct bad conservative arguments and rationalizations here, leaving you and others to do all the heavy lifting. I am glad I could at least provide a laugh to you for all your efforts.

You deserve a little levity once in a while, and as they say, "it's funny 'cause it's true"

[merrily]

13. Oh, my, what a lovely thing to say. Thank you. You deserve a laugh, too. We all do.

[d_legendary1]

11. I'm laughing a lot harder than I should

at this. Good one!

[askew]

4. So she lied again? Shocker.

[dorkzilla]

5. But but POLLS! nt

[MaggieD]

9. Ooops, wrong again

http://www.politifact.com/truth-o-meter/statements/2015/jul/15/hillary-clinton/hillary-clinton-says-she-called-wall-street-regula/

"While the financial crisis came to a head in summer 2008, problems with housing started to bubble up in 2007 during Clinton’s ill-fated presidential primary campaign. On the trail, Clinton addressed these nascent issues -- particularly the mortgage crisis -- as early as March of that year.

Clinton, still a senator at the time, delivered a speech on the volatility of the subprime mortgage market on March 15, 2007. She said too many people were ignoring warning signs.

"The subprime problems are now creating massive issues on Wall Street," Clinton said. "It's a serious problem affecting our housing market and millions of hard-working families."

She gave specific proposals for addressing subprime mortgages, including expanding the role of the Federal Housing Administration, more borrowing options for underprivileged and first-time homebuyers, more safeguards against predatory lending practices and policies intended to prevent foreclosures."

[SmittynMo]

10. And the MSM will never report it