“No need for Banking Regulations” are the memo from the leaked Goldman Sachs Speeches from Hillary Clinton!
We have all now at some point if we have followed the news cycled heard about the Podesta leaks from Wikileaks; I have already had a few pieces on it and there is still lot’s detail that deserves to be looked and showed. Hillary Rodham Clinton is the Democratic Party Presidential Nominee and running with bravura in her campaign. This is because the leaks show the Democratic Party behavior and her real moderate political framework.
With her moderate mind and positive faith in Wall Street doing their own thing; the paid speeches and transcripts from Goldman Sachs show even more what kind of economic policies that her administration would put forward. If not what she would not do; here they are:
“*Clinton Said, With Dodd-Frank, There Was “A Need To Do Something Because For Political Reasons” Because Members Of Congress “Can’t Sit Idly By And Do Nothing.” *“And with political people, again, I would say the same thing, you know, there was a lot of complaining about Dodd-Frank, but there was also a need to do something because for political reasons, if you were an elected member of Congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it’s all the fault of Wall Street, you can’t sit idly by and do nothing, but what you do is really important.” [GS2, 10/24/13].
She has been saying that Dodd-Frank is a positive first step of regulation of the Wall Street after the too big to fail banks after the recession. Hillary Clinton is claiming that Dodd-Frank is the reason for American People losing jobs, not securing it through the regulations put forward, even how weak they are. Dodd-Frank is not perfect, but first step to regulate a market that has been free-for-all for ages. Therefore, a bank like Goldman Sachs wants to be totally free again!
*Tim O’Neill Told Clinton “We Really Did Appreciate It” When She Had Been “Courageous In Some Respects To Associated With Wall Street And This Environment.” *“MR. O’NEILL: By the way, we really did appreciate when you were the senator from New York and your continued involvement in the issues (inaudible) to be courageous in some respects to associated with Wall Street and this environment. Thank you very much. SECRETARY CLINTON: Well, I don’t feel particularly courageous. I mean, if we’re going to be an effective, efficient economy, we need to have all part of that engine running well, and that includes Wall Street and Main Street. And there’s a big disconnect and a lot of confusion right now. So I’m not interested in, you know, 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 and one that will restore confidence in, you know, small and medium-size businesses and consumers and begin to chip away at the unemployment rate. So it’s something that I, you know, if you’re a realist, you know that people have different roles to play in politics, economics, and this is an important role, but I do think that there has to be an understanding of how what happens here on Wall Street has such broad consequences not just for the domestic but the global economy, so more thought has to be given to the process and transactions and regulations so that we don’t kill or maim what works, but we concentrate on the most effective way of moving forward with the brainpower and the financial power that exists here.” [GS2, 10/24/13].
Here again, Clinton are saying it is the people who doesn’t see the engine of Wall Street and their works, they are not understanding the efforts of Wall Street to the Main Street. What she is saying is that people should visit Wall Street and therefore understand their actions that effects global and local activity. The People are supposed to be proud of the Wall Street and their ways the businesses acts. So the Moderate Clinton is praising the greedy and mechanisms that eats of the plate without consideration of Main Street America.
*Speaking About Financial Regulations, Clinton Said “The People That Know The Industry Better Than Anybody Are The People Who Work In The Industry.” *“There’s nothing magic about regulations, too much is bad, too little is bad. How do you get to the golden key, how do we figure out what works? And the people that know the industry better than anybody are the people who work in the industry.” [GS2, 10/24/13].
This point Clinton has done before, she has so little faith in regulations, as with Dodd-Frank that she praised her involvement in, still with Goldman Sachs she acts that it is problem. This with the regulations that are keeping the banks regulated and to act to a standard instead of following their greed instead of serving their costumers and citizens; the banks are nobody without accounts and costumers who are earning money, not only the stakeholders and Wall Street cynic attitude that yield positive results. Something that regulators have to consider so that the people’s tax-money is not doled on banks who has earned on the blood of the common man as it happen after recession. Something Dodd-Frank we’re out to stop!
*Clinton Said “I Represented All Of You For Eight Years. I Had Great Relations And Worked So Close Together After 9/11 To Rebuild Downtown.” *“I represented all of you for eight years. I had great relations and worked so close together after 9/11 to rebuild downtown, and a lot of respect for the work you do and the people who do it, but I do — I think that when we talk about the regulators and the politicians, the economic consequences of bad decisions back in ’08, you know, were devastating, and they had repercussions throughout the world.” [GS2, 10/24/13].
That the repercussions we’re because of the free-markets we’re allowed to make sophisticated business-models that earned the bankers and not the citizens who risked it all on the real-estate market and borrowed through the roof. The Dodd-Frank we’re to stop these mechanisms; if regulations are so bad than the people are used to blead so the bankers can live life like real-life Gatsby! Is that what Clinton really wants in her moderate world?
*Clinton Said “Banks Are Not Doing What They Need To Do Because They’re Scared Of Regulations, They’re Scared Of The Other Shoe Dropping.” *“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, they’re just plain scared, so credit is not flowing the way it needs to to restart economic growth. So people are, you know, a little — they’re still uncertain, and they’re uncertain both because they don’t know what might come next in terms of regulations, but they’re also uncertain because of changes in a global economy that we’re only beginning to take hold of.” [GS2, 10/24/13].
So the continued praise of anti-regulations, the moderate free-market and belief that the banks can monitor themselves. She is saying to them that Dodd-Frank and such is bad! That the people of Goldman Sachs hearing that they could be allowed to do anything. This is what we can expect from her now and I am not surprised, it’s not like these banks wants to be regulated and have the Federal Government telling them how to act. They are regulated for the safety of the costumers, which is the people and also the Stakeholders doesn’t blead blood out of stones. Something Clinton believes in or selling Goldman Sachs. Peace.