Politifact says ‘true’


There you go. From Politifact:

Clinton used to be the senator from New York, the home of Wall Street. She has a history of campaign backing from the finance industry and of delivering high-priced speeches to finance firms, such as Goldman Sachs. And her husband, former President Bill Clinton, signed the repeal of a bank break-up bill, the Glass-Steagall Act — a deregulation that some critics believe contributed to the financial crisis.

So we questioned Hillary Clinton’s record of addressing financial regulations. Did she address derivatives, subprime mortgages and financial oversight so early in the crisis?

[…] Clinton said she “called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight” early on in the financial crisis.

The crisis hit a peak in summer 2008, though it started to gain traction in 2007. Clinton began addressing the subprime mortgage issue in her appearances in March 2007. Later that year, she took on derivatives. She also proposed specific plans for solving these problems and increasing oversight of financial institutions.

Her statement is accurate, and we rate her claim True.

3 thoughts on “Politifact says ‘true’

  1. OK. But I’d still like to see her speeches to the Wall Street bankers who have contributed millions of dollars to her campaign and to her super-PAC.
    Bernie said that he’d immediately release his speeches to Wall Street big wigs. Except that he’s never made any and no Wall Street investment house has ever contributed a single dollar to him and he has no super-PAC.

  2. Thanks, Susie. A week or so ago, George Stephanapoulos asked Bernie Sanders if he could name one vote that Hillary cast in favor of ” Wall Street” over the interests of the rest of us. He could not.
    There ensued a rash of comments about how Elizabeth Warren had claimed that Hillary had voted for a “bad” bankruptcy bill, ostensibly on account of those Wall Street donors.
    Hillary Clinton did not, in fact, vote for the “bad” bill. She was awaiting the outcome of her husband’s bypass surgery in a hospital waiting room, missing the vote.
    She did however issue a statement supporting the “bad” bill.
    Why? Because she had worked for weeks to change the language of it to insure that women in need of child support could not be shafted
    by men claiming “bankruptcy”. The language was inserted.
    The price was she then had to “support” the bill. So she did.
    It’s called horsetrading, the stuff you do in in the real world of politics, as opposed to the dream world
    The bill did not pass.
    No harm, no foul,l wouldn’t you think?

  3. As a Bernie supporter, the reason I’m voting for him

    A. I”m a socialist, so I’m going to vote for as close to that as possible, which is Sanders.

    B. I think Hillary, as a millionaire, has lost touch with what it means to be working class and middle class in this country. I don’t think she’s in Wall Street’s pockets, but I do think her friends and associates are all upper middle class to ultra rich people. I live and work in the DC area, the median income is 112000 in a lot of the places the people she has worked with and lived near live and work. When she talks about her tax plan she talks about giving tax cuts to people starting at 250k and below. Does anybody believe 250k is middle class? For that matter, does anybody believe tax cuts have really helped the middle class in this country? Tax cuts have led to a lot of cuts in good well-paying government jobs, and underfunding of school districts and infrastructure programs that supported business growth (see Kansas/Louisiana/Oklahoma/Arizona/N. Dakota/Alaska).
    Her Social Security plans are minor fixes when a lot of Baby Boomers are retiring with decimated 401ks and are wondering how much of a life line that program will be, and it will need major fixes to accommodate them. Her college affordability is offering to spend 350 billion dollars that will save college graduates a grand total of 2,000 dollars on their loans (that seems not worth the money spent if the graduate is only saving 2,000 out of 30-50k, but that’s me!)
    She also talking about cutting corporate taxes and cutting red tape so that ‘small businesses’ can get a chance. I’ve also wanted to see her call on her Democratic supporters in Congress to vote against the TPP, if she really is against it. Look, I’ll vote for her if she’s the nominee, with the strong feeling she’s going to be a shitty president on economic fairness. Maybe a strong Supreme Court nominee that she’ll pick will help us more than she can, but I honestly think from what she says that she doesn’t really believe great change is needed to fix the problems of the working class/middle class.

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