Wall Street fuels the billion-dollar Clinton juggernaut

That’s worries both the right and the left. The right worries because of the amount of money the Clinton campaign can bring to the election. The left worries about who the Clintons are beholden to.

Goldman Sachs Group Inc. have been the power couple’s No. 1 Wall Street contributor, doling out nearly $5 million to the Clintons. As a senator, Hillary raked in $5.7 million from financial services firms, fairly typical for a New York legislator. Financial-services firms accounted for about 12 percent of the total amount raised by the Clintons. By comparison, Mitt Romney – Mr. 47 Percent – raised 13 percent of his 2012 campaign funds from financial-services firms.

Put it altogether and it’s easy to see how Hillary Clinton could become the preferred candidate of Wall Street in 2016.

And that has both the right and the left trembling, but for different reasons.

Republicans worry that middle-of-the-road donors will gravitate to Clinton as a centrist and historic figure who they are comfortable with. After all, it was former President Clinton who eliminated the barriers between commercial and investment banking, a Wall Street priority that now irks many liberals who believe the action led to the financial collapse.

Taken together, the left will view these numbers as more evidence Hillary Clinton won’t have the grit or motivation to push for additional regulations, transparency and oversight that they believe is required to reign in the financial firms.

The Billion Dollar Clinton Money Machine

2 Replies to “Wall Street fuels the billion-dollar Clinton juggernaut”

  1. Flavio Carrillo: Just FYI: Lehman wasn’t a commercial bank, strictly an investing firm. Glass Steagall probably wouldn’t have saved us a few years back. It might be a good idea to revive it for other reasons, though.I think different regulation is required to prevent this particular sort of banking meltdown, though. via plus.google.com

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