If Clinton was bought by investment bankers, hedge fund managers and the like, we'd expect to see them donating in large numbers to her campaign committee; even though individual contributions to that account are limited to $2,700 for the primary and another $2,700 for the general election, they are a good measure of which parts of the economy are really drawn to a candidate.
Amid "rampant speculation" of a Hillary Clinton-Elizabeth Warren ticket to head the Democratic slate after their recent joint campaign appearances, here is another speculation.
Just before Christmas, the former CEO of Iceland's Glitnir bank and two other senior bankers were sentenced to jail terms of up to five years for market manipulation and breach of fiduciary duties.
The Fed or the U.S. government is not the lender of last resort. It is us, the U.S. taxpayer. Therefore, we the people, as lender of last resort, need to be better informed of what banks are doing.
The past, especially the political past, doesn't just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward.
There is an old saying, "Money is the root of all evil." While money may not cause evil in all circumstances, it certainly can sway some people toward the path of corruption and bad behavior.
First, disco bit the dust. Then, punk rock keeled over. Now, peer-to-peer lending has been annihilated. Who murdered P2P? Wall Street.