Posted on 07/21/2015 11:32:08 AM PDT by Hojczyk
During her nascent presidential campaign, Hillary Clinton has called for expanded regulation of the financial system, slammed wealth disparity and pushed for tougher punishment on individual rule breakers.
All of that rhetoric has mattered little to Wall Street. Already among the biggest donors to Clinton's political career, employees of some megabanks have funneled big money into her bid for the 2016 nomination.
Employees of five financial firms-Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), Morgan Stanley (NYSE: MS) and Bank of America Merrill Lynch (NYSE: BAC)-gave about $290,000 to Clinton's campaign committee through June 30, according to a MapLight analysis of Federal Election Commission data. While it makes up less than 1 percent of the roughly $47 million raised by Clinton's committee this cycle, it follows a precedent set in her 2008 presidential campaign, when the firms' employees were among her biggest donors.
The cash flow may not make Clinton's policies any easier on banks. But it illustrates the strong support the Democratic front runner maintains with the financial industry even as it has shied away from the party in recent years.
(Excerpt) Read more at finance.yahoo.com ...
Support? I think not.
They all just want to make sure they’re high on the ‘To Big to Fail’ list.
They know it’s about to hit the fan - this is an insurance policy premium essentially.
Both are frauds that can't be trusted with your money.
Wall Street runs the show. Period.
The writer seems to think that support from big banks, “despite” her call for stiffer regulation, is ironic.
Why would established banks not want much more restrictive regulation?
Fox Butterfield, is that you?
Hillary! Clinton IS the 1% all by herself.
Entitlement Army to provide the votes.
Crony Capitalists to provide the dough.
It worked well for Baraq in 08 and 12.
Yes, watch the dollar. FX is the true barometer of the economy. The equity and fixed income markets are often manipulated.
The Many faces of Hillary..
Talk about abusing an audience..
I’d rather sit front row at a Gallagher gig
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.