Flashback: Elizabeth Warren Tells a Story About Hillary Clinton, Wall Street and Lobbying

[Mufaddal]

In tonight's town hall, Hillary said "name one thing" she's been influenced on by her Wall St. payments. Glass-Steagall comes to mind. But there's also this.

Warren had written an editorial about a piece of bankruptcy legislation that she opposed. Then-First Lady Hillary Clinton read it and asked for a meeting to discuss the bill and Warren’s research, which showed that it would disproportionately affect women and children. After the meeting, Mrs. Clinton went back to the White House and the Clinton Administration reversed its position on the bill. President Clinton eventually vetoed it, and in her autobiography, Hillary Clinton took credit for preventing the bankruptcy bill from passage.

But then Hillary Clinton became a senator. Warren describes what happened when the bankruptcy bill again came before the Senate shortly after Clinton was elected:

ELIZABETH WARREN: She voted in favor of it.

BILL MOYERS: Why?

ELIZABETH WARREN: As Senator Clinton, the pressures are very different. It’s a well-financed industry. You know a lot of people don’t realize that the industry that gave the most money to Washington over the past few years was not the oil industry, was not pharmaceuticals. It was consumer credit products. Those are the people. The credit card companies have been giving money, and they have influence.

BILL MOYERS: And Mrs. Clinton was one of them as senator.

ELIZABETH WARREN: She has taken money from the groups, and more to the point, she worries about them as a constituency.

BILL MOYERS: But what does this mean though to these people, these millions of people out there whom the politicians cavort in front of as favoring the middle class, and then are beholden to the powerful interests that undermine the middle class? What does this say about politics today?

ELIZABETH WARREN: You know this is the scary part about democracy today. It’s… We’re talking again about the impact of money. The credit industry on this bankruptcy bill has spent tens of millions of dollars lobbying, and as their profits grow, they just throw more into lobbying for how they can get laws that will make it easier and easier and easier to drain money out of the pockets of middle class families.

Watch the full interview in which Warren talked about America’s “invisible crisis;” how increasing expenses, such as mortgages, health insurance and child care, were forcing the middle class to borrow too much money.

Full piece including video interview here: http://billmoyers.com/2015/11/18/flashback-elizabeth-warren-tells-a-story-about-hillary-clinton-wall-street-and-lobbying/

EDIT: Hillary also said she is no longer receiving loads of Wall St. cash. That's simply untrue: http://www.opensecrets.org/pres16/indus.php?cycle=2016&id=N00000019&type=f

[californiabernin]

1. Thats all the evidece I need.

Its a fact that their money influences the positions she takes. No denying it.