Clinton Cites 9/11 in Defending Her Wall St. Donations

‘I represented New York, and I represented New York on 9/11 when we were attacked’

Senator Sanders recently said, “People should be suspect of candidates who receive large sums of money from Wall Street and then go out and say ‘trust me. I’m going to really reg lailt Wall Street’.” You have received money from Wall Street. How will you convince voters you will level the plairg field when you’re indebtedded to some of its biggest players?
>> I think it’s pretty clear that they know they will. You have two billionaire hedge fund managers who start aid superpac and they’re advertising against me in Iowa as we speak so they clearly think I will do what I say I will do and you can look at what I did in the Senate. I introduced legislation to reign in wage. And specifically, said to wall Street, that what they were doing in the mortgage market was bringing our country down. I’ve laid out a very aggressive plan to reign in Wall Street— not just the big banks. That’s a part of the problem. I am going right at them. I have a comprehensive tough plan. We have to go after what is called the shadow banking industry. Those hedge funds. Look what happened in ‘08, AIG, Lehman brothers an investment bank, helped bring our economy down. I want to look at the whole problem and that’s why my proposal is much more comprehensive than anything put fort.
>> Senator Sanders you said the donations to secretary Clinton are compromising. So what did you think of her answer?
>> Not good enough. ( Applause ) Here’s the story. I mean, you know, let’s not be naive about it. Why do— why, over her political career, has Wall Street been a major— the major campaign contributor to Hillary Clinton? Now, maybe they’re dumb and they don’t know what they’re going to get, but I don’t think so. Here is the major issue when we talk about Wall Street— it ain’t complicated. You have six financial institutions today that have assets of— equivalent to 56% of the G.D.P. In America. They issue two-thirds of the credit cards and one-third of the mortgages. If teddy Roosevelt, a good Republican, were alive today, you know what he’d say? Break them up. Reestablish glass-steagle and teddy Roosevelt is right. That is the issue. The am the only candidate up here that doesn’t have a superpac. I am not asking Wall Street or the billionaires for money. I will break up these banks. Support the community banks and credit unions. That’s the future of America.
>> Secretary Clinton you will get a chance to respond. You said they know what they’re going to get. What are they going to get?
>> I have never heard a candidate never who has received huge amounts of money from oil, from coal, from Wall Street from the military industrial complex, not one candidate— oh, these campaign contributions will not influence me. I’m going to be independent. Well, why do they make millions of dollars of campaign contributions? They expect to get something. Everybody knows that. Once again, I am running a campaign differently than any other candidate. We are relying on small campaign donors, 750,000 of them, 30 bucks a piece. That’s who I’m indebted to.
>> John, wait a minute, wait a minute, he has basically used his answer to impugn my intellect. Let’s be frank here.
>> No, I have not.
>> Oh, wait a minute, senator. You know, not only do I have hundreds of thousands of donors, most of them small and I’m very proud that for the first time a majority of my donors are women, 60%. ( Cheers and applause ) So I— I represented New York, and I represented New York on 9/11 when we were attacked. Where were we attacked? We were attacked in downtown Manhattan where Wall Street is. I did spend a whole lot of time and effort helping them rebuild. That was good for New York. It was good for the economy, and it was a way to rebuke the terrorists who had attacked our country. It’s fine for you to say what you’re going to say, but I looked very carefully at your proposal, reinstating glass-steagle is a part of what very well could help, but it is nowhere near enough. My proposal is tougher, more effective, and more comprehensive because I go after all of Wall Street not just the big banks.
>> John, please, it’s— personal privilege, John.
>> Hold on. He was attacked.
( Applause ).
>> John.
>> Hold ohe was attacked.
>> So was I, John.

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