Featured Partner

The Hillary Clinton/Wall Street Relationship Has Never Been More Obvious

Money Morning Contributor

hillary clinton wall street
Glaring Hillary Clinton/Wall Street ties became an unintended highlight of Saturday night’s Democratic debate.

It all began when rival presidential hopeful Vermont Sen. Bernie Sanders took an opportunity to criticize the former secretary of state about her campaign contribution affiliations. Specifically, he criticized her for accepting millions from Wall Street donors.

Clinton was aghast that her political integrity was being called into question. It was at this point she probably should have admitted that, yes, Wall Street does give her money because they believe she’ll help them if she wins, but that such bribery simply won’t work. The end.

Instead, Clinton gave CBS’s 8.5 million viewers a sinuous answer that did her campaign far more harm than good.

“Oh, wait a minute, senator,” Clinton shot back. “You know, not only do I have hundreds of thousands of donors, most of them small. And I’m very proud that for the first time a majority of my donors are women, 60%. So, I represented New York, and I represented New York on 9/11 when we were attacked. Where were we attacked? We were attacked in downtown Manhattan where Wall Street is. I did spend a whole lot of time and effort helping them rebuild. That was good for New York. It was good for the economy and it was a way to rebuke the terrorists who had attacked our country.”

This statement was Clinton’s obvious attempt to circumnavigate the truth. She and Wall Street have had a long-standing tryst, and there’s a lot of proof out there to support it…

The $14 Million Hillary Clinton/Wall Street Affair

For years, we have known there’s a relationship between Hillary Clinton and Wall Street. That it exists is no surprise.

The real question on many Americans’ minds is exactly how that relationship will play out should Hillary win the Oval Office.

Sanders picked up on this when he pointed out that a candidate can’t claim to work for Main Street when his or her campaign is massively fueled by Wall Street.

You see, both Sanders and Clinton are running populist campaigns.

But Sanders does not accept any super PAC or corporate donations.

Clinton, who claims she’ll “topple the 1%,” has, over the course of her career, garnered some $14 million in contributions from the financial industry. In fact, her 2016 presidential campaign alone shows the Hillary Clinton/Wall Street relationship is stronger than ever – she’s accepted $1.9 million from the financial sector so far.

Here’s the most recent data (as of Aug. 3) from OpenSecrets.org showing Clinton’s top career contributors…

hillary clinton and wall street
Hillary Clinton’s flimsy “9/11 philanthropy response” at the debate had media outlets wondering what she specifically had to hide, since she seemed so dead-set on not giving a straight (or coherent) answer. So they set about getting those answers instead.

Here’s a look at what other sites recently found about Mrs. Clinton’s Wall Street ties…

  • A post on Mashable yesterday reminded readers that Clinton has raised about $2 million from the “securities and investments” industry so far in the 2016 campaign cycle. This does not include money raised by super PACs supporting her campaign.
  • The Washington Post published an article about Clinton’s 2000 senate campaign filing from the Federal Election Commission. It revealed 44 donations from Citigroup Inc. (NYSE: C), 54 from Goldman Sachs Group Inc. (NYSE: GS), 36 from Paine Webber, 43 from Deloitte, 21 from Credit Suisse AG Group (NYSE: CS), and 18 from Merrill Lynch and Morgan Stanley (NYSE: MS). There are a number of other financial firms that appear in the list – these are just the most frequent donors.
  • The New York Post reminded readers yesterday that Clinton voted in favor of the Troubled Asset Relief Program (TARP in 2008) – a $700 billion bank stabilization plan that was a huge bailout for the big banks that helped cause the 2008 financial crisis.

Stay tuned to Money Morning for more on Hillary Clinton, Wall Street, and the 2016 presidential election. You can follow us on Twitter @moneymorning or like us on Facebook.

Americans Desperately Want U.S. Economic Growth: According to the latest polls, “the economy” is by far the biggest priority to voters come the 2016 general election. Quinnipiac University’s July survey found that 37% of Americans care most about the “economy and jobs.” Next highest was “healthcare” (13%), followed by “terrorism” (12%). That means determining which Republican candidate has the best economic plan will speak volumes to that candidate’s electability in 2016…

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.

Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.