did you get a sense of how the democratic party sells out
to the bankers the financial industry of senator let me give you some numbers
so larry summers this of course of former treasury secretary for president
bill clinton
and the top economic adviser for present no bomb a
now would he do in the meanwhile here here and power harbor for our president
barbara but he also got stinking rich
and harry view that will he get built by giving speeches
and being consulted
for a financial guns in fact
the year that he was going to obama administration had been given is tax
returns for two thousand a nine and we found out exactly how much you make in
fact that you're alone he made
seven point eight million helps the year prior to joining the administration
okay so how do you make it
well two different ways one lvf five million dollars from a company called bt
charlotte's a hedge fund
now you ready for this is my favorite fact
he worked one day a week
to get
five million dollars forty one day we you know one
'cause they don't care about you working
there's no work
it's not like hey larry what should we invested i don't know
you're being bright
cuz you were in the clinton administration if obama wins every
things you're going back into obama nutrition and that was the correct
activation by d shop
so they need their men to go inside that washington and do everything they need
so they came a bride or working a one day a week
wattage elk
and then how about speeches uh... speeches galore
goldman sachs a center on one day ago on the sax
for one speech he got a hundred and thirty five thousand dollars
this in the present nor even this just a
you know basically a staffer a high-level staffer but
okay how much do you get for overall for speeches and that one year
one million seven hundred and twenty nine thousand dollars
blakey
people must think he says the most interesting phase
there are different than what he says
developments they care what he says lascivious inside the one in this region
and what did he tell the president regulate the banks don't do it was still
fig leaf for four months of this thing called
for uh... you know dot frank where we pretend to do reform but we have no
check under evidence
we have no check on leverage the deregulation that larry summers pushed
through
at the end of the clinton administration is totally protected
all they got their money's worth larry summers by the way how much did larry
summers have in total
seventeen
for thirteen nine million dollars
now wait a minute here's a guy who work in government and as a professor and as
the president of a was hiding at seventeen thirty nine million dollars
f_i_t_ do you say uh... yeah valujet went by on tuesday
i believe it was going uh... who would like to brian
i'm going back in a government at some point
it mats all wrote a great piece about this embarrass the president clinton
rahm emanuel et cetera
and his players right he's like
what you do it office
in the beginning isn't as nearly as relevant to these politicians
as what they do when they're out of us who how they get paid when they're out
of office social can lose an election he had a great analogy daughter
time at your offices like the regular season
are you try hard you know to suck up to the guys are giving you money et-cetera
but you know what to get her because the real playoffs is when you leave office
and the perfect kinda guy i rise like larry summers and rahm emanuel who are
in office get out of office get paid bribes
and then come back
into office those guys
of the most valuable sphere which rahm emanuel
in the clinton administration just like larry summers lives in two thousand
obviously
comes back in as a congressman in two thousand two in those twenty two years
in between it how much you made
twelve million dollars
working very hard guess which industry in the twelve million
i have your city joins us the financial industry
and it turns out when rahm emanuel became the chief of staff with a obama
administration
he also did we want to regulate the banks
while college you bloggers what local incidents
well how about the guy who authorize
the deregulation the first place
to huge bills wanna at m_i_t_ ninety nine other one at the end of two
thousand during a lame duck session the commodities futures modernization act
the big bubble there was bill clinton he's the one who signed off on
so how much did bill clinton make after getting out of our
began a politician for his whole life he didn't make money
be a politician
gets out of office
the
million dollars
now you might say hey look he's a former president to write a book i get it does
speeches are
a great
chunk of that
comes from speeches
bankers can't wait to hear all golly gee
bill clinton what you have to say that is so interesting by the way is hillary
clinton running for president and yet
and she lost the presidency but you know what she's dead at the state department
obviously had a bit et cetera giving bill clinton
is not relevant in democratic politics or politics overall you think getting
his blessing
is irrelevant your bottom-line let me give you just
some of the speeches they caught me february fifth two thousand one hundred
twenty-five thousand osr morgan stanley uh... credits we style a few weeks later
hundred twenty-five thousand dollars in at two thousand four two hundred and
fifty thousand allston citigroup eleven fifty thousand miles from georgia bank
goldman for two speeches in the same year three hundred thousand dollars in
two thousand six
hundred and fifty thousand dollars from citigroup twice
then remember others then more guns bankers association then national
association of realtors in two thousand seven goldman again
twice in the men citigroup merrill lynch
everytime hundreds of thousand dollars
evening we're doing this out of the goodness of their heart cuz they really
think broken was a great president
no they're paying along
doesn't think about the bad guys
he makes the system systematically karo
so when these guys know that either gone already or about that yet
on use of the hours
whetted democrats are the republicans
they're gonna plane wall
elenco rental correct for the cars are pouring on
it you know at least one sixty five of those for wall street
uh... forest campaigns
he's got money in other ways
he's on the same boards of and his friends look down there in the same
style color on the ranch
new york watching the circle right
and then using win corn walker leaves office
the reason to go be a price for teachers somewhere
op
one point one as i walked this is called straight wall street
cashing in
not because he's a bad guy it's just us the way the system works and if they're
running and you millions of dollars in bribes are you sure you wouldn't take it
and of course they feel better cuz i don't think it's privacy look what
although it is illegal
all interested in my family
but in the meanwhile the banks got deregulated
they destroyed their economy we lost millions of jobs
but you know what
that's collateral damage now it noble was deregulation operates
angle alice
i don't know what the banks for me to do
cuz i get paid to do that that's the reality of politics
and applies the democrats almost as much as it applies to republicans