Hillary Clinton Quotes


Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.


Citations

Clinton, Hillary. "First Presidential Debate." The American Presidency Project, 26 Sept. 2016.

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Sovereign credit substitution is where the government, one way or another, assumes and guarantees the debts of private corporations. This is an elegant way of saying: “taxpayer bailouts”


Born thought that her agency was responsible for regulating the new esoteric financial products—derivatives including credit default swaps—for otherwise there would be no regulation at all of financial products that could dwarf the stock and bond market. Summers persuaded her to back off. When the Meltdown of 2008 hit, the huge derivative exposure of the large banks and some insurance companies was so great that it was one of the major causes for the meltdown of the entire banking system. Summers, normally a great economist not only called this one wrong, but later, along with most other government and private economists ignored a very explicit warning—See {637168}, {637986}, and {620038}.


Hillary Clinton
Hillary Clinton
  • Born: October 26, 1947
  • Nationality: American
  • Profession: Politician

Hillary Diane Rodham Clinton is an American politician, diplomat, lawyer, writer, and public speaker who served as the 67th United States secretary of state from 2009 to 2013, as a United States senator from New York from 2001 to 2009, and as First Lady of the United States from 1993 to 2001. Clinton became the first woman to be nominated for president of the United States by a major political party when she won the Democratic Party nomination in 2016. She was the first woman to win the popular vote in an American presidential election; however, she failed to win the Electoral College.