Hillary, Goldman, and 10,000 Women
Hillary supporters are claiming former Secretary Clinton's September 2014 speech at the Goldman Sachs 10,000 Women Dinner at the Clinton Global Initiative https://www.youtube.com/watch?v=0lKlJ3Ed4fQ> was a "paid" speech by Goldman Sachs and "innocuous" http://www.dailynewsbin.com/…/when-hillary-clinton-g…/23763/>.
Neither is the case. All 3 of her paid Goldman speeches were in 2013 http://www.zerohedge.com/…/every-hillary-and-bill-clinton-s…>. And the context of this speech is not innocuous, however noble the content and goal of the speech.
In March of 2011, as Secretary of State, Hillary Clinton announced the creation of a U.S. State Department-Goldman Sachs public-private partnership to further promote Goldman's 10,000 Women program overseas http://www.washingtonpost.com/…/…/03/07/AR2011030704800.html>. As bizarre as it sounds, not a year after Goldman paid a record $550 million fine to the SEC over Abacus in July of 2010 https://www.sec.gov/news/press/2010/2010-123.htm>, and following the release of the Financial Crisis Inquiry Commission's reports in late January 2011, and preceding Carl Levin's scathing Senate Subcommittee report in April, the U.S. State Department, led by Secretary Clinton, went into partnership with Goldman Sachs. The State of Massachusetts would fine Goldman Sachs, again, $10 million in June of 2011. This time for "trading hurdles." http://dealbook.nytimes.com/…/goldman-fined-10-million-ove…/>.
The lead Goldman consultant on their 10,000 Women program was Clinton friend Gene Sperling who was paid $887,727 in 2008 by Goldman for his advice https://nonprofitquarterly.org/…/goldman-sachs-rolls-out-a…/>. He would then go on to work in the Obama administration.
The former Secretary of State does not seem to understand that it is not okay that she as Secretary of State entered the U.S. State Department into a partnership with Goldman Sachs while it was surrounded by legal scrutiny and less than a year after settling the Abacus case with the SEC. That's #1. After leaving the State Department, Hillary accepted 3 paid speaking invitations from Goldman, and joined the CGI which also partnered with Goldman to promote 10,000 Women, while receiving substantial charitable donations from Goldman. If a Republican candidate for President did this the entire Democratic Party would be up in arms.
I'm all for promoting women entrepreneurs, but there are other ways to do it than provide PR to a financial firm with a serial and ongoing record of abusing the laws of this nation and consumers globally. Remember, when the Secretary announced the State Department's 10,000 Women partnership with Goldman Sachs, the firm was still entangled in ongoing investigations. Certainly, no other firm would enjoy this kind of treatment without such friends in high places. 10,000 Women doesn't begin to make a dent in the economic damage that Goldman Sachs has caused.
In December of 2013, Politico reported that attendees had this to say about what Clinton said behind closed doors: "Clinton offered a message that the collected plutocrats found reassuring, according to accounts offered by several attendees, declaring that the banker-bashing so popular within both political parties was unproductive and indeed foolish. Striking a soothing note on the global financial crisis, she told the audience, in effect: We all got into this mess together, and we’re all going to have to work together to get out of it. What the bankers heard her to say was just what they would hope for from a prospective presidential candidate: Beating up the finance industry isn’t going to improve the economy—it needs to stop. And indeed Goldman’s Tim O’Neill, who heads the bank’s asset management business, introduced Clinton by saying how courageous she was for speaking at the bank." http://www.politico.com/…/wall-street-white-house-republica…>
There are likely not any transcripts of her closed door paid speeches with Goldman. So there are none to release. To recap, what we know is this: Hillary negotiated a deal with Goldman Sachs as Secretary of State to commit U.S. government resources to support Goldman Sachs' charity. She then left that office and accepted payment from Goldman for 3 speeches, and then joined the CGI which worked to promote that same charity and receive donations from Goldman. This is completely inappropriate. It would be even more inappropriate and unethical if she was actually paid for the speech that the Clinton supporters are erroneous citing as a paid speech, given that it was conducted at the Clinton Global Initiative by Goldman Sachs to promote the 10,000 Women program, which Secretary Clinton led the State Department into partnership with.