Hillary Clinton showed sympathy for Goldman Sachs and other Wall Street banks and praised the “really important work” they do, according to speech transcript published by WikiLeaks on Saturday.
— WikiLeaks (@wikileaks) October 15, 2016
During an October 2013 symposium hosted by Goldman Sachs, the former secretary of state expressed sympathy for Wall Street banks in the wake of the financial crisis.
“We need banking,” she said. “I mean, right now, there are so many places in our country where the banks are not doing what they need to do because they’re scared of regulations, they’re scared of the other shoe dropping.”
Records show Clinton was paid $225,000 to take part in the symposium. Goldman Sachs is one of Clinton’s most generous political benefactors over the course of her career; the banks employees have donated more than $935,000 to her campaigns. The firm recently banned its partners from donating money to Donald Trump.
Lloyd Blankfein, Goldman Sachs CEO and a vocal Hillary Clinton supporters, has described what his firm does as “God’s work.” Hillary seems to agree, especially since Blankfein helped her son-in-law start his own (underperforming) hedge fund.
Clinton repeatedly refused to release the transcripts of her Wall Street speeches during the Democratic primary, ignoring the pleas from her socialist challenger Bernie Sanders, who ran — with considerable success — on a largely anti-Wall Street platform.
During the 2013 symposium, Clinton praised Wall Street as an “incredible economic engine,” and suggested that the controversial Dodd-Frank financial regulation law, enacted in 2010, was simply the result of “political people” needing to “do something for political reasons,” in part because the media was biased toward Wall Street.
“[When] everybody in the press is saying it’s all the fault of Wall Street, you can’t sit idly by and do nothing,” Clinton said.
The former secretary of state said that, in regard to the financial crisis of 2008, she was not interested in “turning the clock back or pointing fingers, but I am interested in trying to figure out how we come together to chart a better way forward.”
Hillary Clinton continues to rake in donations from the financial sector.
TAKE THE POLL