The American middle class has been suffering for several years in the wake of the financial crisis that began at the end of President Bushs second term stretched into President Obamas presidency and involved the government bailout of big banks. So its an awkward time to be the candidate bankrolled literally by Goldman Sachs or what the Democratic base derisively refers to as Gold Sacks."
Hillary Clinton is facing more and more heat for accepting $675000 to give just three speeches to Goldman Sachs employees. What exactly is that hefty fee buying? Critics contend there is a revolving door between Wall Street and Washington" where Wall Street execs shuffle back and forth from the financial sector to key jobs working for their friends in Washington where they are able to influence financial laws and regulations. Yet despite all the heavy criticism Wall Street has taken in recent years Clinton still chose to take hundreds of thousands of dollars from PACs employees directors and their families associated with the biggest banks.
At last weeks Democratic presidential primary debate in New Hampshire CNNs Anderson Cooper grilled her about why she accepted the staggering amount from Goldman Sachs and she responded Well I dont know. Thats what they offered. Every secretary of state has done that."
Read the rest of the article at The Stream
The American middle class has been suffering for several years in the wake of the financial crisis that began at the end of President Bushs second term stretched into President Obamas presidency and involved the government bailout of big banks. So its an awkward time to be the candidate bankrolled literally by Goldman Sachs or what the Democratic base derisively refers to as Gold Sacks."
Hillary Clinton is facing more and more heat for accepting $675000 to give just three speeches to Goldman Sachs employees. What exactly is that hefty fee buying? Critics contend there is a revolving door between Wall Street and Washington" where Wall Street execs shuffle back and forth from the financial sector to key jobs working for their friends in Washington where they are able to influence financial laws and regulations. Yet despite all the heavy criticism Wall Street has taken in recent years Clinton still chose to take hundreds of thousands of dollars from PACs employees directors and their families associated with the biggest banks.
At last weeks Democratic presidential primary debate in New Hampshire CNNs Anderson Cooper grilled her about why she accepted the staggering amount from Goldman Sachs and she responded Well I dont know. Thats what they offered. Every secretary of state has done that."
Read the rest of the article at The Stream