News Dec 22, 2015 08:23 PM EST

Hillary's tough financial measures shrugged off by Wall Street

By Staff Writer

Wall Street doesn't seem to be worrying about Hillary Clinton's proposal of stringent measures on the US markets. Hillary Clinton has revealed her major plans for Wall Street to check the worst of the market system. However, the banking segment shrugged it off. 

Democrat Presidential candidate Hillary Clinton is proposing harsher and tough measures and regulations for the Wall Street. This keeps Hillary well short of what populist plans proposed by other Democrat Presidential candidates -- Bernie Sanders and Elizabeth Warren.

CNN Money reports that the major difference among these three candidates is their opinion about the banking segment. Sanders and Warren favor the big banks should be broken up while Hillary is against it. 

Jaret Seilberg of Guggenheim Partners wrote in a note to clients. Seilberg analyzes in his note that "we continue to believe Clinton would be one of the better candidates for financial firms." Clinton's major push is aimed at bringing more accountability on Wall Street. 

According to a report by The Washington Post, Hillary Clinton responded to criticism about the Wall Street's supporting her. She said that a small percent of her financial support came from investment and financial institutions. 

"About three percent of my donations come from people in finance and investment world. I have more donations from students and teachers than I do from people associated with Wall Street," replies back Hillary Clinton in a Democratic debate.

According to Center for Responsive Politics (CRP), Clinton received $2.04 million from the securities and investment segment, which includes mostly individuals employed in the industry. Clinton has received $1.96 million from the education sector.

The securities and investment segment accounts for 2.6 percent of the total contributions at $77.5 million that Hillary Clinton received for 2016's campaign. It's well under her statement of three percent from securities and investment industry.

Though everything seems to be in line with what Hillary Clinton says regarding contributions. The major factor is that it doesn't include donations to super political action committees (PACs), as CNN Money reports. PACs can raise and spend unlimited money. The Wall Street is the second largest contributor after the Hollywood to super PACs, which are supporting Hillary Clinton

If PACs were included, then the Wall Street's contribution will be $6 million to Hillary Clinton.  OpenSecrets reveals that Wall Street accounts for 7.2 percent of Hillary Clinton's donations, but not below the three percent as she claims.

Hillary Clinton claims that she got more from educational sector. According to OpenSecrets, people from the education segment donated below $2 million. This makes clear that the Wall Street gave her more and teachers are major supporters to Hillary Clinton.


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