Hillary Clinton aides' Wall Street links raise economic policy doubts

[Karmadillo]

http://www.theguardian.com/us-news/2015/jul/26/wall-street-links-hillary-clinton-aides-economic-policy-doubts

Hillary Clinton aides' Wall Street links raise economic policy doubts
Tom Nides and Robert Hormats, once of Morgan Stanley and Goldman Sachs, are veterans of the revolving door between Washington and the financial sector

Ben Jacobs in Washington
Sunday 26 July 2015 08.00 EDT

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The former aides, Tom Nides and Robert Hormats, have shuttled between government and Wall Street for years. Nides, who is frequently described as a Clinton confidant, is a longtime Morgan Stanley executive who served as deputy secretary of state for management and resources from 2011 to 2013 before returning to Morgan Stanley. Nides is also the former chairman of the Securities Industry and Financial Markets Association (Sifma), the main lobbying group for Wall Street in Washington DC.

Hormats, a former vice-chairman of Goldman Sachs, served as under secretary of state for economic growth, energy and the environment from 2009 to 2013. He is currently vice-chairman of Kissinger Associates, the consulting firm founded by the former secretary of state Henry Kissinger.

Neil Sroka, a spokesman for the progressive advocacy group Democracy for America, expressed his angst about the influence of the two in Clinton world. “It’s hard to imagine how a presidential candidate is going to seriously confront the powerful, greed-driven interests on Wall Street when they’re taking advice and staffing cabinet posts with people who just clocked out of the same big banks and investment firms that made bundles from wrecking our economy,” Sroka said.

Both Nides and Hormats have a strong history of taking pro-business stances on financial regulation and other issues near and dear to progressives. While at Morgan Stanley, which received a federal bailout, Nides pushed for the Obama administration to “find the right balance” in avoiding criticism of Wall Street in the aftermath of the financial crisis. He also played an important role in the Bill Clinton administration lobbying members of Congress to vote for Nafta in 1993.

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[Thinkingabout]

1. What is the problem?

[99th_Monkey]

2. "pro-business stances on financial regulation"

did you miss that part?

[Thinkingabout]

3. Probably the best people to advise on finanical regulations, who understands what is happening more

Than others. Where else would you find someone than inside.

[99th_Monkey]

5. In Vermont, apparently.

Vermont seems oddly immune to the Revolving Door Syndrome

[beam me up scottie]

7. Why would you trust a fox to guard the henhouse?

[Thinkingabout]

8. The fox is smarter and will develop a henhouse a fox does not enter.

[beam me up scottie]

9. While snarfing down chickens and laughing at the stupid farmer.

The fox is now inside the henhouse, remember?

[Thinkingabout]

11. You could say the stupid farmer did not build the henhouse to keep out a fox but with

Advice from the fox future entry of other fox. The farmer would be wiser with the fox's advice.

[beam me up scottie]

12. You don't really get analogies, do you?

And you've obviously never met a fox.

[Thinkingabout]

13. Would you get someone to coach a football team who has never seen a football or would you get

Someone who played the game and understands how offense and defense works?

[beam me up scottie]

14. I wouldn't use a fox to guard hens, I'd get an attack dog that knows how sneaky foxes are.

That's the difference between Hillary and Bernie.

Your football analogy is cute but Hillary wouldn't be the coach, she'd be the owner who never actually played the game but makes millions on the guys who do.

Bernie would be the guy who tells them to demand better protection on the field and more benefits from the millionaire owners.

[Thinkingabout]

15. Yes, Hillary would be the owner who hired professional coaches who would find good players.

She would be interested in having a super bowl winner.

[beam me up scottie]

16. Congratulations. You just figured out why some of us don't support her.

She cares more about winning and making money than who's getting hurt on the field.

[Thinkingabout]

18. She cares about others winning and having an easier life. She is ready for the job.

[beam me up scottie]

19. Sure she does, just like the owners care about football players.

I need more than lip service from a candidate, I need a fighter who I can trust.

[Thinkingabout]

20. She will be fighting for all.

[beam me up scottie]

21. I can't trust her to do that, not with her record.

She didn't exactly fight for all when it came to equal rights for lgbt people.

And if she wasn't smart enough to vote against giving Bush his war I have every reason to doubt her judgment when it comes to other issues.

[Thinkingabout]

26. She has a very good record on working with LGBT. She has explained the IWR vote more than once and

She had lots of company on AUMF which provided the funding. IWR was to have Bush exhaust all means before invading Iraq but he pulled the inspectors before the inspections was complete. The AUMF funded the invasion, two different bills. Check to see who voted for the AUMF and troop expansion.

[beam me up scottie]

27. She worked and marched with lgbt people while trying to deny them equal rights.

Stop trying to defend and excuse her record.

Bernie knew she was wrong and so did millions of others, including me.

[hifiguy]

23. Only in your dreams.

Her voluminous connections and entanglements with many of the worst people on the planet (Murdoch, KSA, Blankfein, Kissinger) suggests the exact opposite.

[libdem4life]

28. Yep, she's ready alright. ..she doesn't need a henhouse. )~~

She's got herself a little money laundry...I mean an important Foundtion. I can see it now. .."around the back boys...just shovel it in."

South and Central American Juntas. .. observe.

[gollygee]

17. That's not how it works in the real world.

They work at Monsato (or wherever) and then they're regulators. Then, magically, they end up at Monsato. They are still foxes, still gobbling up chickens, or helping their fox friends gobble up chickens, and preparing for their next stint as fox.

[jalan48]

30. And of course they would never, never try and profit from their position of power and influence.

Because everyone is honest and is going to do the right thing!

[Hydra]

4. Look, the same old people with the same old policies!

And we can have all of them for the bargain price of $2 Billion for the election, and who knows how much later in handouts to these people.

[mmonk]

6. Many voters for Democrats are still in a bubble on the issue.

[Scuba]

10. I have no doubts about Hillary's true economic agenda.

[hifiguy]

22. Gee, ya think?

Blankfein and the other banksters own her lock, stock and barrel. They say jump, she asks "how high?"

And even more connections to war criminal Henry Kissinger.

Jeezus on a goddamn pogo stick.

[cherokeeprogressive]

24. "It's a BIG club... and YOU ain't IN it."

What part of that is so hard to understand? Vote for Hillary, and let the club be... they've got people to see, places to go, and things to do.

Just be happy with that $15 minimum wage that won't be reached for a couple years... the wage that's calculated to mollify, and NOT to make life better or increase mobility but to keep those people in the inner cities and away from the estates of Wall Street and Government types.

[cantbeserious]

33. ^^^ This ^^^

eom

[raouldukelives]

34. When one becomes a shareholder, one has started the initiation.

Some say not in my name, some say how can I get a piece.

[AtomicKitten]

25. There's no doubt which team she plays for and it ain't the 99%.

[Senator Tankerbell]

29. Hillary Clinton represents a rigged economy

[MisterP]

31. pssh, that's just her ties, ideology, and closed-door promises

next you Leftbagging commie-nazis will be pointing to her *record* and *what she says*, yeesh!

we, on the other hand, have something nobody can contradict: we don't want her to be a corpo! Q.E. fuckin' D.

[cantbeserious]

32. Once A Wall Street Patron - Always A Wall Street Patron - Meet HRC

eom

[Cheese Sandwich]

35. I don't see how she can fight corporations when she is part of that whole scene