16 January 2016

Oh, Snap!

Roll Tape!
One of the issues that seems to be giving the Bernie Sanders campaign its legs is the perception that Hillary Clinton is too close to the Banksters on Wall Street.

This 2007 video of Hillary Clinton giving a speech before banksters blaming ordinary people for the mortgage crisis is not going to help her campaign:
When Clinton ran for president during her second term as New York’s U.S. Senator, she gave a tepid speech at the NASDAQ headquarters on December 5, 2007 — before the financial crisis reached a boiling point — about reforming Wall Street’s housing loan practices, largely excusing financial criminals for their behavior.

“Now these economic problems are certainly not all Wall Street’s fault – not by a long shot,” Clinton said early in the speech.

Clinton’s NASDAQ address amounted to essentially asking the financiers assembled to take voluntary action or else she would “consider legislation” to stop banks from kicking families out of their homes. But early on in the speech, Clinton placed equal blame for the subprime mortgage crisis on low-income homeowners alongside Wall Street.

“Homebuyers who paid extra fees to avoid documenting their income should have known they were getting in over their heads,” Clinton said.

One YouTube user found video of the statement and put it side-by-side with her claim at the first Democratic debate in which she said she went to Wall Street before the crisis and told them to “cut it out.”
This sort of crap is like death to her campaing, because it plays into her greatest weakness, a perceived lack of authenticity.

She is firmly in the Bob Rubin, Larry Summers, Timothy Geithner,  Barack Obama wing of the Democratic Party.

Trying to pretend that she is more of a populist than Bernie Sanders is laughable.


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