Hillary’s high-priced speeches all started with the $10 Billion bailed-out Morgan Stanley in April, 2013

At the end of August, 2008 Morgan Stanley received $10 billion under the Capital Purchase Program (CPP), also called the “big bank bailout” by average citizens, who wondered then why so much was spent on so few banks and financial institutions. After all, the direct cash came just from the taxpayers – $620 billion in all – in a flurry of so-called emergency disbursements.

And there was also money borrowed by Morgan Stanley – tons of it. Bloomberg News explained this way:

As markets convulsed in September 2008, Morgan Stanley Treasurer David Wong briefed the Federal Reserve on a “dark” scenario in which the U.S. firm would need at least $10 billion of emergency loans from the central bank.

It got 10 times darker by month’s end. Morgan Stanley borrowed $107.3 billion, the most of any bank, according to data compiled by Bloomberg News using information released in response to Freedom of Information Act requests, related court orders and an act of Congress.

Morgan Stanley’s borrowing — more than twice the amount all banks got from the Fed in the market squeeze that followed the Sept. 11 terrorist attacks — peaked after hedge funds pulled $128.1 billion from the firm in two weeks, documents released by the Financial Crisis Inquiry Commission show.

At the time of the financial crisis, Hillary Clinton was in her second term as U.S. Senator from New York and was also running for President. Clinton voted in favor of the $700 billion law that created the Troubled Asset Relief Program (TARP), saying that it represented the interests of the American people. TARP benefited many dozens of firms.

She was appointed Secretary of State, and served in both the first and second terms of Barack Obama. Her last day as Secretary of State was February 1, 2013.

Two and half months later, on April 18, 2013, she was paid a personal income fee of $225,000 for a speech to Morgan Stanley in Washington, DC

Other banks and financial institutions quickly followed:

April 24, 2013
Deutsche Bank
Washington, DC
$225,000.00

April 30, 2013
Fidelity Investments
Naples, FL
$225,000.00

May 14, 2013
Apollo Management Holdings, LP
New York, NY
$225,000.00

May 16, 2013
Itau BBA USA Securities
New York, NY
$225,000.00

May 29, 2013
Sanford C. Bernstein and Co., LLC
New York, NY
$225,000.00

June 4, 2013
The Goldman Sachs Group
Palmetto Bluffs, SC
$225,000.00

June 24, 2013
Kohlberg Kravis Roberts and Company, LP
Palos Verdes, CA
$225,000.00

July 11, 2013
UBS Wealth Management
New York, NY
$225,000.00

October 24, 2013
The Goldman Sachs Group
New York, NY
$225,000.00

October 29, 2013
The Goldman Sachs Group
Tuscon, AZ
$225,000.00

November 7, 2013
Golden Tree Asset Management
New York, NY
$275,000.00

November 18, 2013
CME Group
Naples, FL
$225,000.00

January 6, 2014
GE (financial)
Boca Raton, FL
$225,500.00

June 26, 2014
GTCR
Chicago, IL
$280,000.00

July 26, 2014
Ameriprise
Boston, MA
$225,500.00

October 7, 2014
Deutsche Bank AG
New York, NY
$280,000.00

This is not the first time that a public official made a fortune on the speaking circuit, and both Republicans and Democrats have cashed in on their prior favors or appearances of agreements, whether real or imagined.

The answer is higher pay for public service – as much as a million dollars a year, but then ending the paid speech or foundation-giving circuits. The folks most opposed to higher pay for politicians are the lobbyists and corporations, who can now buy influence with their pocketbook from people, who need (or want) more money.

In 1964 I was writing for a daily newspaper and did a feature on the annual fiddlers’ picnic at Lenape Park, PA. After the story was published I received a letter from the man who ran the event, praising me for a great story that resulted in record attendance.

Enclosed was a check to me for $50. At the time my house mortgage was $52. I showed this to Charlie Johnson, my editor and a veteran of the Battle of the Bulge, and he said he would take care of it.

About ten minutes later he came back with an envelope addressed to the “benefactor”, and a letter that explained that our newspaper did not take compensation of any kind before or after a news story was published, because it would cause the appearance of a conflict of interest.

That concept of isolating the public or institutional servant from private gain (pay for play) may seem old-fashioned today with materialism often eclipsing standards of conduct, but at a minimum could we at least have our political leaders held by such a standard?


Other Hillary Clinton paid speeches included:

March 19, 2015
American Camping Association (J-1 Visa Program)
Atlantic City, NJ
$260,000.00

March 11, 2015
eBay Inc.
San Jose, CA
$315,000.00

February 24, 2015
Watermark Silicon Valley Conference for Women
Santa Clara, CA
$225,500.00

January 22, 2015
Canadian Imperial Bank of Commerce (Keystone Pipeline)
Whistler, Canada
$150,000.00

January 21, 2015
tinePublic Inc. (Keystone Pipeline)
Winnipeg, Canada
$262,000.00

January 21, 2015
tinePublic Inc. (Keystone Pipeline)
Saskatoon, Canada
$262,500.00

December 4, 2014
Massachusetts Conference for Women
Boston, MA
$205,500.00

October 14, 2014
Salesforce.com
San Francisco, CA
$225,500.00

October 14, 2014
Qualcomm Incorporated
San Diego, CA
$335,000.00

October 13, 2014
Council of Insurance Agents and Brokers
Colorado Springs, CO
$225,500.00

October 8, 2014
Advanced Medical Technology Association (AdvaMed)
Chicago, IL
$265,000.00

October 6, 2014
Canada 2020 (Keystone Pipeline)
Ottawa, Canada
$215,500.00

October 2, 2014
Commercial Real Estate Women Network
Miami Beach, FL
$225,500.00

September 15, 2014
Cardiovascular Research Foundation
Washington, DC
$275,000.00

September 4, 2014
Robbins Geller Rudman & Dowd, LLP
San Diego, CA
$225,500.00

August 28, 2014
Nexenta System, Inc.
San Francisco, CA
$300,000.00

August 28, 2014
Cisco
Las Vegas, NV
$325,000.00

July 29, 2014
Corning, Inc.
Corning, NY
$225,500.00

July 22, 2014
Knewton, Inc.
San Francisco, CA
$225,500.00

June 25, 2014
Biotechnology Industry Organization
San Diego, CA
$335,000.00

June 25, 2014
Innovation Arts and Entertainment
San Francisco, CA
$150,000.00

June 20, 2014
Innovation Arts and Entertainment
Austin, TX
$150,000.00

June 18, 2014
tinePublic Inc. (Keystone Pipeline)
Toronto, Canada
$150,000.00

June 18, 2014
tinePublic Inc. (Keystone Pipeline)
Edmonton, Canada
$100,000.00

June 10, 2014
United Fresh Produce Association
Chicago, IL
$225,000.00

June 2, 2014
International Deli-Dairy-Bakery Association
Denver, CO
$225,500.00

June 2, 2014
Let’s Talk Entertainment
Denver, CO
$265,000.00

May 6, 2014
National Council for Behavioral Healthcare
Washington, DC
$225,500.00

April 11, 2014
California Medical Association (via Satellite)
San Diego, CA
$100,000.00

April 10, 2014
Institute of Scrap Recycling Industries, Inc.
Las Vegas, NV
$225,500.00

April 10, 2014
Let’s Talk Entertainment
San Jose, CA
$265,000.00

April 8, 2014
Marketo, Inc.
San Francisco, CA
$225,500.00

April 8, 2014
World Affairs Council
Portland, OR
$250,500.00

March 24, 2014
Academic Partnerships
Dallas, TX
$225,500.00

March 18, 2014
Xerox Corporation
New York, NY
$225,000.00

March 18, 2014
Board of Trade of Metropolitan Montreal (Keystone Pipeline)
Montreal, Canada
$275,000.00

March 13, 2014
Pharmaceutical Care Management Association
Orlando, FL
$225,500.00

March 13, 2014
Drug Chemical and Associated Technologies
New York, NY
$250,000.00

March 6, 2014
tinePublic Inc. (Keystone Pipeline)
Calgary, Canada
$225,500.00

March 5, 2014
The Vancouver Board of Trade (Keystone Pipeline)
Vancouver, Canada
$275,500.00

March 4, 2014
Association of Corporate Counsel – Southern California
Los Angeles, CA
$225,500.00

February 27, 2014
A&E Television Networks
New York, NY
$280,000.00

February 26, 2014
Healthcare Information and Management Systems Society
Orlando, FL
$225,500.00

February 17, 2014
Novo Nordisk A/S
Mexico City, Mexico
$125,000.00

February 6, 2014
Salesforce.com
Las Vegas, NV
$225,500.00

January 27, 2014
National Automobile Dealers Association
New Orleans, LA
$325,500.00

January 27, 2014
Premier Health Alliance
Miami, FL
$225,500.00

November 21, 2013
U.S. Green Building Council
Philadelphia, PA
$225,000.00

November 18, 2013
Press Ganey
Orlando, FL
$225,000.00

November 14, 2013
CB Richard Ellis, Inc.
New York, NY
$250,000.00

November 13, 2013
Mediacorp Canada, Inc.
Toronto, Canada
$225,000.00

November 9, 2013
National Association of Realtors
San Francisco, CA
$225,000.00

November 6, 2013
Beaumont Health System
Troy, MI
$305,000.00

November 4, 2013
Mase Productions, Inc.
Orlando, FL
$225,000.00

November 4, 2013
London Drugs, Ltd.
Mississauga, ON
$225,000.00

October 28, 2013
Jewish United Fund/Jewish Federation of Metropolitan Chicago
Chicago, IL
$400,000.00

October 27, 2013
Beth El Synagogue
Minneapolis, MN
$225,000.00

October 24, 2013
Accenture
New York, NY
$225,000.00

October 23, 2013
SAP Global Marketing, Inc.
New York, NY
$225,000.00

October 15, 2013
National Association of Convenience Stores
Atlanta, GA
$265,000.00

October 4, 2013
Long Island Association
Long Island, NY
$225,000.00

September 19, 2013
American Society of Travel Agents, Inc.
Miami, FL
$225,000.00

September 18, 2013
American Society for Clinical Pathology
Chicago, IL
$225,000.00

August 12, 2013
National Association of Chain Drug Stores
Las Vegas, NV
$225,000.00

August 7, 2013
Global Business Travel Association
San Diego, CA
$225,000.00

June 24, 2013
American Jewish University
University City, CA
$225,000.00

June 20, 2013
Boston Consulting Group, Inc.
Boston, MA
$225,000.00

June 20, 2013
Let’s Talk Entertainment, Inc.
Toronto, Canada
$250,000.00

June 17, 2013
Economic Club of Grand Rapids
Grand Rapids, MI
$225,000.00

June 16, 2013
Society for Human Resource Management
Chicago, IL
$285,000.00

June 6, 2013
Spencer Stuart
New York, NY
$225,000.00

May 21, 2013
Verizon Communications, Inc.
Washington, DC
$225,000.00

May 8, 2013
Gap, Inc.
San Francisco, CA
$225,000.00

April 24, 2013
National Multi Housing Council
Dallas, TX
$225,000.00

5 responses

  1. […] Source: Hillary’s high-priced speeches all started with the $10 Billion bailed-out Morgan Stanley in A… […]

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  2. […] via Hillary’s high-priced speeches all started with the $10 Billion bailed-out Morgan Stanley in April… […]

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  3. […] Hillary and I started out life on opposite sides of the railroad tracks. As a child, she lived at 235 Wisner St., Park Ridge, Ill, a happy suburb of Chicago. Her old house is now worth about $650,000, boasts 2,500 square feet, and was bought for cash by her dad, who had enough dough left to send her to Wellesley College (tuition, room and board – $61,000 a year) for an elite education, and then onto Yale for a law degree. […]

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  4. […] “I won’t cut Social Security.” But in the recently released email’s excerpts of her Morgan Stanley speech, she praised a corporate-friendly presidential commission that proposed changes to slash […]

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  5. […] voter sentiment in the 2016 Presidential race, except ABC, showed former Secretary of State Hillary Clinton ahead today of Donald Trump by 45.3 to 39.9, or a spread of 5.4. The poll results are updated daily […]

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