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Hillary Clinton promises: ‘I’m going to go after big banks’

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Democratic presidential candidate Hillary Clinton defended her paid speeches to Wall Street, saying in an interview that aired on Friday that they would not soften her campaign pledges for tougher regulation.

The former U.S. Senator from New York and secretary of state is under pressure from rival candidate Bernie Sanders, who has made her Wall Street ties a top campaign issue and called for her to release transcripts of her remarks. Clinton was reportedly paid millions in appearance fees after leaving the State Department.

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Asked whether she could assure U.S. voters that the speeches would not undermine her calls to rein in the financial industry, Clinton told MSNBC: “Absolutely.”

“I’m on the public record. I told them what I’m going to do. I said I’m going to go after big banks that pose a systemic risk. I want you to hold me accountable for that because I will do that exactly,” she told the network’s “Morning Joe” program.

The New York Times, in an editorial late on Thursday, urged Clinton to release the transcripts, saying “voters have every right to know what Mrs. Clinton told these groups.” According to the paper, Clinton earned $11 million in 2014 and the first quarter of 2015 from 51 speeches to banks and other groups and industries.

Clinton has said she will release copies of her remarks when other presidential candidates do the same.

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On Friday, she said President Barack Obama’s fundraising from Wall Street had not prevented him from enacting Dodd-Frank financial services reforms after the 2007-2009 financial crisis.

Clinton reiterated her position that regulations must go farther, saying, “Dodd-Frank is great. It gives us a foundation. It doesn’t go far enough. We need to look at these other entities that pose systemic risks, as well.”

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As far as so-called unwinding of banks that pose a risk, she added: “We’re going to do in an orderly way so there will not be any surprises.”

Sanders, a U.S. senator from Vermont, is vying with Clinton for the Democratic nomination in the November presidential election.

“I do not receive many millions of dollars from Wall Street or the pharmaceutical industry or other powerful, wealthy interests in this country, and have not given speeches for hundreds of thousands of dollars to Wall Street,” Sanders told a Chicago rally on Thursday, the Washington Post reported.

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The next Democratic nominating contest is on Saturday in South Carolina.

(Reporting by Susan Heavey; Editing by Frances Kerry)

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Trump approves of North Korea missile tests: ‘I have no problem’ because they’re just ‘short-range missiles’

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On Thursday, in conversation with reporters, President Donald Trump said that he had 'no problem' with North Korea's new round of missile tests.

"Short-range missiles, we never made an agreement on that," said Trump. "I have no problem, we'll see what happens, but these are short-range missiles. They're very standard."

The thought that short-range missiles would still be capable of hitting our allies in the region, like South Korea and Japan, does not seem to have occurred to him.

Watch below:

Trump says he has "no problem" with North Korea testing missiles because they are just "short-range missiles" that are "very standard." pic.twitter.com/fdKtQ6yrBE

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Elections 2016

Russian Twitter propaganda predicted 2016 US election polls

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When Robert Mueller completed his long-awaited investigation into Russian interference in the 2016 presidential election, he left many questions unanswered.

But one conclusion was unequivocal: Russia unleashed an extensive campaign of fake news and disinformation on social media with the aim of distorting U.S. public opinion, sowing discord and swinging the election in favor of the Republican candidate Donald Trump.

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Elections 2016

Beto O’Rourke calls for a ‘war tax’ in release of health care plan for veterans

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The Democratic presidential candidate uses his eighth policy announcement to focus on an area that he prioritized in Congress.

Democratic presidential candidate Beto O'Rourke on Monday morning released a plan to improve the lives of veterans, returning to an area of priority during his time in the U.S. House for his latest 2020 policy rollout.

In keeping with measures he supported in Congress, the plan calls for a "responsible end" to the wars in Iraq and Afghanistan — reinvesting $1 out of every $2 saved in veterans programs — and the creation of a Veterans Health Care Trust Fund for each future war. The fund would be paid for by a "war tax" on households without service members or veterans.

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