Goldman Sachs paid speeches
The 3 (I misspoke about 5 earlier) speeches to Goldman are attached with
some parts highlighted. Below are some of the more noteworthy quotes.
Here is the Politico story Mandy was referencing earlier
http://www.politico.com/magazine/story/2013/12/wall-street-white-house-republicans-lament-of-the-plutocrats-101047
*Clinton Said, With Dodd-Frank, There Was “A Need To Do Something Because
For Political Reasons” Because Members Of Congress “Can't Sit Idly By And
Do Nothing.” *“And with political people, again, I would say the same
thing, you know, there was a lot of complaining about Dodd-Frank, but there
was also a need to do something because for political reasons, if you were
an elected member of Congress and people in your constituency were losing
jobs and shutting businesses and everybody in the press is saying it's all
the fault of Wall Street, you can't sit idly by and do nothing, but what
you do is really important.” [GS2, 10/24/13]
*Tim O’Neill Told Clinton “We Really Did Appreciate It” When She Had Been
“Courageous In Some Respects To Associated With Wall Street And This
Environment.” *“MR. O'NEILL: By the way, we really did appreciate when you
were the senator from New York and your continued involvement in the issues
(inaudible) to be courageous in some respects to associated with Wall
Street and this environment. Thank you very much. SECRETARY CLINTON:
Well, I don't feel particularly courageous. I mean, if we're going to be
an effective, efficient economy, we need to have all part of that engine
running well, and that includes Wall Street and Main Street. And there's a
big disconnect and a lot of confusion right now. So I'm not interested in,
you know, turning the clock back or pointing fingers, but I am interested
in trying to figure out how we come together to chart a better way forward
and one that will restore confidence in, you know, small and medium-size
businesses and consumers and begin to chip away at the unemployment rate.
So it's something that I, you know, if you're a realist, you know that
people have different roles to play in politics, economics, and this is an
important role, but I do think that there has to be an understanding of how
what happens here on Wall Street has such broad consequences not just for
the domestic but the global economy, so more thought has to be given to the
process and transactions and regulations so that we don't kill or maim what
works, but we concentrate on the most effective way of moving forward with
the brainpower and the financial power that exists here.” [GS2, 10/24/13]
*Speaking About Financial Regulations, Clinton Said “The People That Know
The Industry Better Than Anybody Are The People Who Work In The
Industry.” *“There's
nothing magic about regulations, too much is bad, too little is bad. How
do you get to the golden key, how do we figure out what works? And the
people that know the industry better than anybody are the people who work
in the industry.” [GS2, 10/24/13]
*Clinton Said “I Represented All Of You For Eight Years. I Had Great
Relations And Worked So Close Together After 9/11 To Rebuild Downtown.” *“I
represented all of you for eight years. I had great relations and worked
so close together after 9/11 to rebuild downtown, and a lot of respect for
the work you do and the people who do it, but I do -- I think that when we
talk about the regulators and the politicians, the economic consequences of
bad decisions back in '08, you know, were devastating, and they had
repercussions throughout the world.” [GS2, 10/24/13]
*Clinton Said “Banks Are Not Doing What They Need To Do Because They're
Scared Of Regulations, They're Scared Of The Other Shoe Dropping.” *“I
mean, right now, there are so many places in our country where the banks
are not doing what they need to do because they're scared of regulations,
they're scared of the other shoe dropping, they're just plain scared, so
credit is not flowing the way it needs to to restart economic growth. So
people are, you know, a little -- they're still uncertain, and they're
uncertain both because they don't know what might come next in terms of
regulations, but they're also uncertain because of changes in a global
economy that we're only beginning to take hold of.” [GS2, 10/24/13]
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