Hillary Clinton Backs Bill That Would Ban ‘Golden Parachutes’ For Wall Street Bankers

Two former Clinton aides at the State Department had received bonuses when they left their bank jobs.

WASHINGTON — Democratic presidential candidate Hillary Clinton announced her support Monday for legislation that would ban “golden parachutes” for private sector employees, like Wall Street bankers, who take jobs with the federal government.

The Financial Services Conflict of Interest Act, which is sponsored in the Senate by Tammy Baldwin (D-Wis.) and in the House by Elijah Cummings (D-Md.), would ban golden parachutes and crack down on other conflicts of interest in government. Progressive groups, who believe that the revolving door between the private sector and the government fosters corruption, had written a letter to Clinton last week asking her to clarify whether she supported the legislation. Sen. Elizabeth Warren (D-Mass.) has called it “a bill any presidential candidate should be able to cheer for.”

Clinton voiced her support for the bill in an op-ed for The Huffington Post co-written with Baldwin. Their blog post argues that government workers with private sector experience are usually an “asset, and not a liability,” but “in some cases it can affect the public trust — for example, if a public servant’s past and future are tied to the financial industry. That’s when people start worrying that the foxes are guarding the hen house.”

Read on.

Interesting but can Ms. Clinton explain to the voters why 90 percent of the top 20 contributors to her are corporations or provide services to corporations?:

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By the way, 95 percent of the top 20 contributors to Bernie Sanders are unions. You can read more from Truthout. Click here.

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