The Democrats’ Fight Over Finance

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finance

By Alec MacGillis

On October 29, 2013, Hillary Clinton joined Lloyd Blankfein, the C.E.O. of Goldman Sachs, for a discussion at its Builders and Innovators Summit, at the Ritz-Carlton Dove Mountain resort, near Tucson.

During the discussion—one of more than fifty appearances for which Clinton received two hundred and twenty-five thousand dollars since leaving the State Department—she lamented that the public’s wariness of Wall Street had made it difficult for top people in finance to move into government. For one thing, in order to avoid conflicts of interest, they often faced demands to relinquish financial holdings.

“There is such a bias against people who have led successful and/or complicated lives. You know, the divestment of assets, the stripping of all kinds of positions, the sale of stocks—it just becomes very onerous and unnecessary,” she said, according to a transcript released last month by WikiLeaks.

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