Hillary Clinton on Corporations

Secretary of State; previously Democratic Senator (NY)


I voted for bill that saved the auto industry

CLINTON: Let's talk about the auto bailout. In 2008, we were both in the Senate, there was a vote on a free-standing bill to rescue the auto industry. We both voted for it. Unfortunately, it did not succeed. A month later, a new piece of legislation was offered that contained the money that would be used for the auto rescue. I voted for it. It was a hard vote. But the fact is the money that rescued the auto industry was in that bill.

SANDERS: The bill that Secretary Clinton is talking about was the bailout of the recklessness, irresponsibility and illegal behavior of Wall Street. It was the Wall Street bailout. And I find it interesting that when Secretary Clinton, who was the former senator of New York, of course, when she defended her vote, she said, "Well, it's going to help the big banks in New York. Those are my constituents." And then you go to Detroit and suddenly this legislation helps the automobile workers.

Source: 2016 PBS Democratic primary debate in Miami , Mar 9, 2016

Agrees that Wall Street and banks cannot get too powerful

SANDERS: The business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi-billion dollar settlements with the United States government when we have a weak regulatory system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.

CLINTON: No one wants to see that happen. I care deeply about this because just like you I have met so many people who had their life savings wiped out, who lost their homes, who are barely back with their heads above water. This was a disaster for our country, and we can never let that happen again. We have no disagreement about this. We have to be focused on how we increase the empowerment of the American people. I know how to handle them because I've been in the arena with them time and time again.

Source: MSNBC Democratic primary debate in New Hampshire , Feb 4, 2016

I warned corporations about wrecking the economy

Q: Are you too close to Wall Street? You got high speaking fees from Goldman Sachs speeches.

CLINTON: I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation. I called for a consumer protection financial bureau. The best evidence that Wall Street knows where I stand is they are trying to beat me.

Source: MSNBC Democratic primary debate in New Hampshire , Feb 4, 2016

It's not just Wall Street; it's Big Pharma too

[Senator Sanders and I] both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an auto parts company, and we saved the auto industry, and now they want to avoid paying taxes. I want to go after the pharmaceutical companies like Valeant, and Turns that are increasing prices without any regard to the impact on people's health.
Source: MSNBC Democratic primary debate in New Hampshire , Feb 4, 2016

Monied interests spending money to defeat me

Q: Could you respond to Sen. Sanders' criticism that you represent the interests of Wall Street and corporate America?

(BEGIN VIDEO CLIP) SANDERS: We do not represent the interests of the billionaire class, Wall Street, or corporate America. We don't want their money. And I am very proud to tell you that we are the only candidate on the Democratic side without a Super PAC. The American people are saying no to a rigged economy.

CLINTON: I did represent New York, obviously. There was no doubt that I took on a lot of what was going down on Wall Street, including calling them out on the mortgage issue, calling for a Consumer Financial Protection Bureau even before we got one created, calling for changes in CEO pay. But I honestly think that the best answer is what's happening in this campaign: The Wall Street interests, the money interests, the Republican political interests are spending a lot of money to try to defeat me. So I just find it kind of a strange argument.

Source: 2016 N.H. CNN Democratic Town Hall , Feb 3, 2016

FactCheck: Yes, hedge-fund billionaires run ads against her

Hillary Clinton said, "there are currently two hedge fund billionaires running ads against me here in N.H. Now, why are they running ads against me? And the answer is: Because they know I will go right after them." Is that true, about the ads?

We checked, and it is. A super PAC called Future45 ran the ad below. Future45 has three known donors: Kenneth Griffin, president of Citadel; William C. Powers, an investor; and Paul Singer, founder of hedge fund Elliot Management. According to Al Jazeera News, Singer has endorsed Marco Rubio for president. Here is our transcript of the ad: