Ruminations of the Easily Amused for 11/15/2015-Bernie Sanders and Hillary Clinton EditionSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Ruminations of the Easily Amused for 11/15/2015-Bernie Sanders and Hillary Clinton Edition
 


15 November 2015 at 7:29:24 PM
salon

Bernie Sanders won the 2nd debate! 

So, Clinton's SuperPac paid for a  poll showing she won last night's debate. Hah! Correct the Record.

Remember how, in 2008, Hillary Clinton played the race card against Obama? Good times.

A day after many observers declared it nearly impossible for Sen. Hillary Clinton to overtake Sen.Barack Obama to win the Democratic presidential nomination, Clinton told USA Today, "I have a much broader base to build a winning coalition on." As evidence, the story said, Clinton cited an Associated Press article "that found how Sen. Obama's support among working, hard-working Americans, white Americans, is weakening again, and how whites in both states who had not completed college were supporting me.

"There's a pattern emerging here," Clinton said.

To many, it was a shocking statement — equating "hard-working Americans" with "white Americans" and a naked attempt to cast herself as "the white candidate" in the race.

After days of Republican presidential candidates wrestling with questions on the Iraq war, Hillary Clinton weighed in Tuesday, telling reporters that her vote in favor of the war in 2002 was a “mistake.”

“I made it very clear that I made a mistake, plain and simple. And I have written about it in my book, I have talked about it in the past,” Clinton told reporters at an event in Cedar Falls, Iowa, adding that “what we now see is a very different and very dangerous situation.”

During her 2008 campaign, Clinton defended her vote as a way to give President George W. Bush authority to deal with Iraq, which she said he then abused. She frequently followed up this statement by saying that if she had known what Bush would do with the authority she would not have voted the way she had, but declined to call the vote a “mistake.”

Bernie Sanders absolutely right on terrorism and climate change.

Hillary Clinton's Glass-Steagall

What happened next? An almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and sold them to their customers in the form of securities. Once again, there was a huge conflict of interest that finally resulted in a banking crisis. 

This time the banks were bailed out, but millions of Americans lost their savings, their jobs, even their homes. 

A personal note. I worked for Bill Clinton as Secretary of Labor and I believe most of his economic policies were sound. But during those years I was in fairly continuous battle with some other of his advisers who seemed determined to do Wall Street’s bidding. 

On Glass-Steagall, they clearly won.

To this day some Wall Street apologists argue Glass-Steagall wouldn’t have prevented the 2008 crisis because the real culprits were nonbanks like Lehman Brothers and Bear Stearns. 

Baloney. These nonbanks got their funding from the big banks in the form of lines of credit, mortgages, and repurchase agreements. If the big banks hadn’t provided them the money, the nonbanks wouldn’t have got into trouble. 

And why were the banks able to give them easy credit on bad collateral? Because Glass-Steagall was gone.

 Hillary Clinton Was A Top Recipient Of Wall Street Cash Before 9/11 Attacks

according to an International Business Times review of federal records, Clinton was raising big campaign cash -- and her family was being paid speaking fees -- from Wall Street firms well before the 9/11 attacks.

In her 2000 U.S. Senate race, Clinton vacuumed in more than $1.1 million from the securities and investment industry, according to data compiled by the nonpartisan Center for Responsive Politics. That made her the third- largest recipient of Wall Street money of any member of Congress or congressional candidate running in that entire election cycle, which concluded 10 months before 9/11.

The securities and investment sector was Clinton’s third-largest source of campaign cash in the 2000 cycle, after lawyers and retirees. In fact, four of Clinton’s top 10 campaign donors during the election were employees from major Wall Street banks Citigroup ($105,650), Goldman Sachs ($89,920), JP Morgan ($53,750) and UBS ($53,750). On top of that, employees of Credit Suisse gave her $47,500 and employees of Bear Stearns gave her $39,400. According to CRP data, Clinton in 2000 was, out of all U.S. Senate candidates that year, the No. 2 recipient of campaign cash from employees of hedge funds, the third-largest from employees of private equity firms, the fourth-largest from employees ofcommercial banks and the sixth-largest from employees of mortgage bankers and brokers.


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )





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