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Wednesday, July 15, 2015

Hillary’s credibility questioned after HSBC takedown

If Wall Street wants to get out of Hillary Clinton’s cross hairs, it may have to pay up.

In her first major economic policy address, Clinton said she would “offer plans to rein in excessive risks on Wall Street and ensure that stock markets work for everyday investors, not just high-frequency traders and those with the best — or fastest — connections.”

The former secretary of state turned her attention to the banks and specifically targeted HSBC for “allowing drug cartels to launder money,” saying: “There can be no justification or tolerance for this kind of criminal behavior.”

Records show Bill Clinton delivered one of his six-figure speeches to HSBC Securities, the couple once owned stock in the company and many HSBC employees have individually donated money to the Clinton Foundation.

Critics questioned Clinton’s credibility.

“She’s profited both directly with speeches and indirectly at the Clinton Foundation from the activities of all these firms, and if she didn’t like what they were doing, I don’t understand why she would take their money,” said Douglas Holtz-Eakin, president of the right-leaning American Action Forum.

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1 comment:

  1. Questioning her credibility? Thats like questioning the Devil's good deeds.

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