Hillary Clinton & the big banks

By Laurie Bennett

November 15, 2015 at 10:36am

To hear her Democratic opponents tell it, Hillary Clinton is the darling of Wall Street.

As Martin O’Malley said at Saturday’s debate: “Secretary Clinton, we need to step up and we need to protect Main Street from Wall Street and you can’t do that by campaigning as the candidate of Wall Street.”

And this, from Bernie Sanders: “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.”

Clinton responded that she had laid out “a very aggressive plan to rein in Wall Street - not just the big banks.”

Career-long figures compiled by the Center for Responsive Government show that two big banks - national commercial bank Citigroup and investment bank Goldman Sachs - have been her biggest supporters over the years. The two companies and their employees have contributed more than $1.5 million.

However, the bankers have yet to rush to her side in the 2016 campaign. Among the top donors reported by Priorities USA Action, a super PAC supporting the Clinton campaign, only one has ties to Citigroup or Goldman. Donald Mullen Jr., a former managing director at Goldman, gave $100,000.

Gary Gensler, a former Goldman partner, serves as CFO of the Clinton campaign. Gensler is also a former chairman of the Commodity Futures Trading Commission.

The interactive Muckety map above shows major donors from the two companies, in both the 2008 and 2016 presidential campaigns.

Both Citi and Goldman also contributed to the Clinton Foundation, which was founded by former President Bill Clinton.

Hillary Clinton joined the foundation board after leaving the State Department in 2013. She resigned the post earlier this year, as her presidential campaign ramped up.

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  • #1.   Ann 03.01.2016

    How can she castigate the “one percenters” (actually 10 or 53 percent who pay most of or all the taxes) while being bankrolled by corporate America?

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