So I've become a fan of Matt Taibbi's tweets. I made it through the last GOP debate by enjoying his awesome live-blogging; now I find myself wandering over to his page whenever I want to hear something both smart and funny.
Anyhoo, I was recently lurking there when I came across the following:
The link takes you to an item on Bloomberg.com:
Hillary Clinton Lets Big Banks Off the Hook for Financial Crisis
The Democratic front-runner has not been nearly as critical of large financial institutions as some in her party.
Throughout the 2016 presidential primary campaign, Clinton has taken a markedly less critical view of large financial institutions like Citigroup Inc. than Democrats like Elizabeth Warren and presidential rival Bernie Sanders. Instead, Clinton has placed the blame on “shadow banking,” a term she has used to describe hedge funds and high-frequency traders.
“Her comments on their face are wrong,” said Christopher Whalen, senior managing director at Kroll Bond Rating Agency and author of Inflated: How Money and Debt Built the American Dream. “It is incorrect to blame the crisis on shadow banks. You can’t really differentiate between what they were doing and what Citi was doing.”
I'll let you read the article and make your own conclusions. But I feel compelled to share
one more quote, which comes at the end:
But nobody would mistake her views for those of Sanders or Warren—who seems to relish her role as the scourge of Wall Street. Warren said in an April speech that “if the big banks keep calling the shots, they will own both our economy and our democracy.”
Borosage attached a practical purpose for Clinton's recent sympathy with the bankers: “I assume she said it as she was heading into her fund-raising surge.”
Some folks believe that politicians can receive large donations during an election campaign, and they won't feel obligated to "return the favor" to their donors if and when they are elected.
I don't think the Koch brothers, the guys on Wall Street, or even Donald Trump shares that particular view, however.