The Clintons Made Wall Street Richer, and It Returned the Favor

The Clintons' wealth is derived from an army of corporations that benefited from the laws the couple passed.

Late at the end of last week, the Clinton campaign sent its long-awaited personal financial disclosures to select media outlets. From the perspective of the campaign, it was a clever move; by sending their disclosures to the media first before sending them to the Federal Election Commission, they essentially controlled the timing of the stories about their income for the past year and a half.

The disclosures detail the incomes of both Clintons going back to 2014. From what was offered to the press, we know that in less than a year and a half, the Clintons raked in over $30 million, the vast majority from speaking fees they charged to foreign and domestic corporations and other organizations willing to pay speech honorariums.

The bulk of the reporting on this matter has focused on the amount of money the Clintons earned. “The report underscores how much wealth the Clintons continued to amass as the Secretary of State prepared to launch her second bid for the presidency,” concluded USA Today. But the bigger story is why the Clintons are so rich. Their wealth is derived from an army of corporations that benefited from the very laws the Clintons passed, and now they are returning the favors. Although corporations from every sector of the economy developed this symbiotic relationship with the Clintons, none is more prominent than Wall Street.

Making Wall Street Richer

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