Post by Logan on Jan 16, 2016 23:57:12 GMT -6
WASHINGTON — The financial services executive reached out to Senator Hillary Clinton’s office to discuss legislation that would affect banks. It seemed natural to make the connection: The executive represented some of the largest New York financial institutions.
The call was quickly returned, excellent service provided to a professional watching out for the interests of the country’s biggest banks. But it wasn’t Clinton’s office on the line. An aide to New York’s other senator, Charles Schumer, called back.
Yielding to Schumer on financial legislation was part of a pattern in the Senate when Hillary Clinton served there: She took a mostly hands-off approach to Wall Street regulation. With banks enjoying a new era of deregulation that her husband helped create, a neutralized Clinton represented a win for the financial services industry and its perpetual effort to free itself from Washington’s hand.
The Boston Globe reviewed eight years of lobbying disclosure forms for the four financial services firms that donated the most money to Hillary Clinton while she was in the Senate. The review examined which banking and finance bills those banks cared the most about, and whether she took a position on them.
The junior senator from New York rarely signed on to bills related to the financial services industry — whether the banks supported or opposed the measures. Of the 189 Senate bills that their lobbyists identified as significant banking or finance legislation, she cosponsored only 25.
Continue reading at www.bostonglobe.com/news/nation/2016/01/16/clinton-record-wall-street-laissez-faire/Z2a3iOsj40wryeRN2iT6qK/story.html .
The call was quickly returned, excellent service provided to a professional watching out for the interests of the country’s biggest banks. But it wasn’t Clinton’s office on the line. An aide to New York’s other senator, Charles Schumer, called back.
Yielding to Schumer on financial legislation was part of a pattern in the Senate when Hillary Clinton served there: She took a mostly hands-off approach to Wall Street regulation. With banks enjoying a new era of deregulation that her husband helped create, a neutralized Clinton represented a win for the financial services industry and its perpetual effort to free itself from Washington’s hand.
The Boston Globe reviewed eight years of lobbying disclosure forms for the four financial services firms that donated the most money to Hillary Clinton while she was in the Senate. The review examined which banking and finance bills those banks cared the most about, and whether she took a position on them.
The junior senator from New York rarely signed on to bills related to the financial services industry — whether the banks supported or opposed the measures. Of the 189 Senate bills that their lobbyists identified as significant banking or finance legislation, she cosponsored only 25.
Continue reading at www.bostonglobe.com/news/nation/2016/01/16/clinton-record-wall-street-laissez-faire/Z2a3iOsj40wryeRN2iT6qK/story.html .