On the campaign trail, Hillary Clinton is selling her version of economic populism, including calls for Wall Street executives who engage in financial wrongdoing to be held accountable more than they have been under President Barack Obama. She has pushed that message hard as she seeks to win support from the Democratic Party’s liberal base, with a speech Monday and a follow-up statement from her campaign the next day.
“Yesterday, Hillary said that when Wall Street executives commit criminal wrongdoing, they deserve to face criminal prosecution. Not a slap on the wrist, not a fine paid by their employers — prosecution,” said an email to supporters from Gary Gensler, a former Goldman Sachs executive-turned-government regulator now serving as a top Clinton campaign official.
Raking In Donations
Clinton’s outrage, though, did not stop her family’s foundation from raking in donations from many of the same banks that secured government fines rather than face full-scale prosecution. The Clinton Foundation has accepted $5 million worth of donations from at least nine financial institutions that avoided such prosecution — even as they admitted wrongdoing. These include Barclays, HSBC and UBS, all of which entered into agreements with the Justice Department that allowed their employees to avoid criminal charges. The Clintons also personally accepted nearly $4 million in speaking fees from those firms since 2009.
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