Goldman Sachs paid speeches
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The 3 (I misspoke about 5 earlier) speeches to Goldman are attached withsome parts highlighted. Below are some of the more noteworthy quotes.Here is the Politico story Mandy was referencing earlierhttp://www.politico.com/magazine/story/2013/12/wall-street-white-house-republicans-lament-of-the-plutocrats-101047*Clinton Said, With Dodd-Frank, There Was 'A Need To Do Something BecauseFor Political Reasons' Because Members Of Congress 'Can't Sit Idly By AndDo Nothing.' *'And with political people, again, I would say the samething, you know, there was a lot of complaining about Dodd-Frank, but therewas also a need to do something because for political reasons, if you werean elected member of Congress and people in your constituency were losingjobs and shutting businesses and everybody in the press is saying it's allthe fault of Wall Street, you can't sit idly by and do nothing, but whatyou do is really important.' [GS2, 10/24/13]*Tim O'Neill Told Clinton 'We Really Did Appreciate It' When She Had Been'Courageous In Some Respects To Associated With Wall Street And ThisEnvironment.' *'MR. O'NEILL: By the way, we really did appreciate when youwere the senator from New York and your continued involvement in the issues(inaudible) to be courageous in some respects to associated with WallStreet and this environment. Thank you very much. SECRETARY CLINTON:Well, I don't feel particularly courageous. I mean, if we're going to bean effective, efficient economy, we need to have all part of that enginerunning well, and that includes Wall Street and Main Street. And there's abig disconnect and a lot of confusion right now. So I'm not interested in,you know, turning the clock back or pointing fingers, but I am interestedin trying to figure out how we come together to chart a better way forwardand one that will restore confidence in, you know, small and medium-sizebusinesses and consumers and begin to chip away at the unemployment rate.So it's something that I, you know, if you're a realist, you know thatpeople have different roles to play in politics, economics, and this is animportant role, but I do think that there has to be an understanding of howwhat happens here on Wall Street has such broad consequences not just forthe domestic but the global economy, so more thought has to be given to theprocess and transactions and regulations so that we don't kill or maim whatworks, but we concentrate on the most effective way of moving forward withthe brainpower and the financial power that exists here.' [GS2, 10/24/13]*Speaking About Financial Regulations, Clinton Said 'The People That KnowThe Industry Better Than Anybody Are The People Who Work In TheIndustry.' *'There'snothing magic about regulations, too much is bad, too little is bad. Howdo you get to the golden key, how do we figure out what works? And thepeople that know the industry better than anybody are the people who workin the industry.' [GS2, 10/24/13]*Clinton Said 'I Represented All Of You For Eight Years. I Had GreatRelations And Worked So Close Together After 9/11 To Rebuild Downtown.' *'Irepresented all of you for eight years. I had great relations and workedso close together after 9/11 to rebuild downtown, and a lot of respect forthe work you do and the people who do it, but I do -- I think that when wetalk about the regulators and the politicians, the economic consequences ofbad decisions back in '08, you know, were devastating, and they hadrepercussions throughout the world.' [GS2, 10/24/13]*Clinton Said 'Banks Are Not Doing What They Need To Do Because They'reScared Of Regulations, They're Scared Of The Other Shoe Dropping.' *'Imean, right now, there are so many places in our country where the banksare not doing what they need to do because they're scared of regulations,they're scared of the other shoe dropping, they're just plain scared, socredit is not flowing the way it needs to to restart economic growth. Sopeople are, you know, a little -- they're still uncertain, and they'reuncertain both because they don't know what might come next in terms ofregulations, but they're also uncertain because of changes in a globaleconomy that we're only beginning to take hold of.' [GS2, 10/24/13]
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