My theory regarding what is in the Goldman-Sachs transcripts

[jg10003]

No one can deny that there is something in the transcripts that Clinton does not want revealed. The Clinton campaign has calculated that releasing the transcripts would be more harmful then the negative publicity that comes with not releasing them. So the question is; What is in the transcript?

My theory is that there are just a couple of sentences that the Clinton campaign is worried about. And those sentences pertain to the mortgage crisis of 2008. The right wing Competitive Enterprise Institute ran an article written by head of the R Street Institute, a conservative think tank, that said “borrowers themselves should assume primary responsibility for the current subprime crisis. Millions of borrowers, all over the country, knowingly signed mortgage contracts they cannot now afford to honor.” This is a theme that Wall St. titans use to convince themselves that they didn’t cause the economic crisis. I suspect, admittedly with no evidence, that Clinton in her speech to Goldman-Sachs flattered her audience by repeating this trope.

The following is a paraphrase of what I think Clinton may have said in her speech.

“Thank you ladies and gentlemen for inviting me here tonight. The Wall St. community has been demonized for causing the financial crisis. While the financial community unquestionably made mistakes it is unfair to place all the blame on Wall St. It is true that banks gave mortgages to people with poor credit, however those same people took the loans knowing that they could not afford them. Both the lenders and borrowers must share equal responsibility for the mortgage crisis.”

I readily admit that this is pure speculation. I merely suggest that this is a plausible explanation of what the transcripts might contain. A person, especially a politician, who is paid over $200,000 for a speech can be expected to tell the audience what it wants to hear. But defending Wall St. in the current political climate is a sure way of losing an election. So it makes sense that Clinton would prefer to be criticized for not releasing the transcripts rather then be criticized for what she said to Goldman-Sachs.

[Hoyt]

1. Well, it is unfair to put "all the blame" on them because government regulators are to blame as are,

real estate agents, appraisers, the American Dream of owning a house, builders, decorators, loan originators, economic factors that ended the seemingly perpetual increase in home prices where someone could buy a home and if they got in trouble sell it with some equity to tide them over, speculators, home furnishing manufacturers, etc. Lots of people were involved, not just Wall Street.

But, your are right that she probably refuses to release them because people like you will take things out of context; say the transcripts might have been altered; ask what was said before and after the Keynote Address; make crud up; etc. Just like Obama's birth certificate I'd hold off releasing them too.

[CorkySt.Clair]

2. Your last paragraph is spot on

She knows even if she were to release them her critics would simply move the goalposts a little to the right.

I don't think the OP is that far off, but it's not going to be some 47 percent moment like Romney had.

Here's another fact: people who got in over their heads were part of the problem even if some cannot bring themselves to admit that. I personally know 2 people who spent the first eight years after 2000 buying larger and larger homes and other assorted crap they didn't need from equity loans on said homes. Anecdotal as that is, I doubt my experience was any kind of anomaly.

[Hoyt]

4. I too know several folks that refinanced taking cash out for other things.

[GoneFishin]

3. Whatever is in them is far more damaging than people imagine, otherwise

she would have released them by now to put an end to the speculation.

[Hoyt]

6. Thousands of people went to these meetings, including Democrats and Clinton detractors.

If she talked about carving up what ever wealth the poor have left, we would have heard about it. There probably would be videos and recordings. It was a typical keynote speech for people who wanted to hear some scuttlebutt about world politics. So boring, I'd rather sit home and practice scales on my mandola.

[Fumesucker]

8. I'm reasonably certain there are videos of what she said

I'm also even more certain if they exist they won't come out until the general.

It's going to be a Mitt Romney 47% moment.

[Hoyt]

9. And people are going to vote for Trump or Cruz because of that?

[timmymoff]

10. I'm not voting Trump, Cruz, or Clinton

It's really that simple. You do not reward terrible behavior be it a child or candidate.

[Hoyt]

11. Fortunately, most Democrats have better sense.

[timmymoff]

12. It isn't the democrats like me you need to worry about.

It's the independents that can't stand her either. I'm willing to help the party in it's transition to the left. They aren't interested in helping things remain the same, as we would get with Clinton.

[GoneFishin]

13. Me too. I will join anyone who wants to move the country in a more democratic direction. That is

much different from maintaining an oligarchy or moving farther to the right. I won't participate in either of those moves.

[arcane1]

5. Hell, she's said that much in public n/t

[BillZBubb]

7. Yes, she's already took that Third Way position in public.

I don't think that revelation scares her. There's something else.