Liar, liar! Former Secretary of State Hillary Clinton claimed during Thursday night’s Democratic debate that Wall Street was, “trying to beat me in this primary.”
Oh, brother. Here’s the truth — Clinton has numerous Wall Street ties that go back decades.
Donors in the securities and investment industry gave more than $17 million last year to super PACs supporting her presidential run and nearly $3 million directly to her campaign, according to OpenSecrets.org, a campaign-finance watchdog.
Wall Street is the top industry donating to the Clinton effort, and is ahead of the legal profession, non-profit institutions and unions.
The Washington Post reported Thursday that Clinton has brought in more money from the financial sector during her four federal campaigns — for Senate and president — than her husband, Bill Clinton, did in his quarter-century political career. In all, more than $44 million was raised for her campaigns. This includes more than $1 out of every $10 of the money contributed for her 2016 campaign.
Who are the Wall Street donors contributing to the Clinton campaign?
In December, billionaire George Soros donated a cool $6 million to the pro-Clinton super PAC Priorities USA Action.
And he’s not the only one. Haim Saban, an Israeli American media mogul, donated $2.3 million to Hillary Clinton’s 2016 presidential campaign.
This isn’t the first time Saban has weighed in. He is a consistent donor to, and has long been biased towards, the Clinton family. Saban spent multiple nights in the White House during Bill’s presidency, according to The New York Times.
During Clinton’s 2008 presidential campaign, Saban pulled out all the stops to try and ensure she would receive the nomination, and attempt to “buy” her the presidency when he offered $1 million to the Young Democrats of America with the implied goal of pressuring the organizations uncommitted super delegates to endorse Clinton as the presidential nominee.
Saban even went as far as being one of a group of major Jewish donors to sign a letter to Democratic house leader Nancy Pelosi warning her to “keep out of the Democratic presidential primaries” in 2008, out of fear that Pelosi would damage Clinton’s campaign.
Another billionaire donor to the Clinton campaign, with donations thus-far amounting to $1.5 million, is Herb Sandler.
Sandler is the former CEO of one of the largest investment companies in the US, Golden West Financial Corporation, with assets of approximately $125 billion. In 2006, Golden West was sold to Wachovia Bank for $24 billion.
Money manager Donald Sussman has donated $1.5 million to the Clinton campaign. He founded the hedge-fund Paloma Partners, which he later sold to JPMorgan Worldwide Securities Services in 2006 for an undisclosed sum.
In all, during the second half of 2015, Clinton’s super PAC fund took in 80 contributions, 31 of which exceeded $100,000.
With mass donations as large as those received, Hillary’s campaign is clearly greatly benefiting from Wall Street, not fighting it.
– The Horn editorial staff