The head of the largest derivatives marketplace in the world, CME Group, told an audience at a financial industry conference that it doesn’t matter if Hillary Clinton or Donald Trump becomes president because both understand the industry and are only criticizing it during the campaign for political reasons.
“I don’t care if it’s Donald Trump or Hillary Clinton,” CME Group Executive Chairman Terry Duffy said on June 9 in response to a question from an analyst about how the election will impact the industry. “I care who’s around Donald Trump or Hillary Clinton, who’s in the administration, who is helping them make the tough decisions to keep America on top, that’s to me what’s critically important.”
Both Clinton and Trump have criticized the financial industry while on the campaign trail. “Wall Street can never be allowed to once again threaten Main Street, and I will fight to rein in Wall Street,” Clinton said in February.
“The hedge fund guys are getting away with murder,” Trump said last August. “They’re paying nothing [in taxes] and it’s ridiculous. … The hedge fund guys didn’t build this country. These are guys that shift paper around and they get lucky.”
Duffy, speaking at the Sandler O’Neill Global Exchange and Brokerage Conference, said he had confidence in both of the candidates nonetheless.
“So I think either way, what’s important is the United States keep its status as the financial services leader. I think both of those two individuals understand that,” he said. “Contrary to any rhetoric you hear during the primary season, because they have to make that type of rhetoric, but I do believe they understand the benefits to our national security which financial services provides nice things to America.”
Duffy also discussed the two candidates’ personalities.
“I don’t think you’ll ever see a man with a bigger ego walking into the White House,” Duffy said of Trump. “But I’ve seen a lot of presidents walk into the White House with zero ego, and their ego gets gigantic soon as they walk in. So he might have a reverse effect that no one’s talking about.”
“With Secretary Clinton, I think she has great experience in government,” he remarked. “I think that she’ll put really good people around her, and I think she’ll make sound diplomatic decisions on behalf of the country.”
Clinton had kind words for Duffy during an economic address she gave in July 2015. “I think we should listen to Terry Duffy,” she said, citing a 2013 Wall Street Journal op-ed he wrote where he conceded that some in the financial sector had failed to take properly into account the “concerns of Main Street.”
The same month that Clinton gave that speech, Duffy testified before Congress, calling on lawmakers to lift the federal ban on crude oil exports because of its impact on the financial markets. Five months later, Congress did just that. Environmentalists decried the move as a “disaster for the climate.”
Correction: June 18, 2016
The headline and summary for an earlier version of this story incorrectly referred to Duffy as a CEO.
Top photo: CME Group Chairman Terry Duffy, second from left, stands alongside colleagues.
Who do they vote for and why?
We have substantial evidence and reason to believe that Hillary and her campaign are cheating.
Fwd: Petition · FEC Open an investigation into Hillary Clinton and the DNC for election fraud. · Change.org
https://www.change.org/p/fec-open-an-investigation-into-hillary-clinton-and-the-dnc-for-election-fraud?tk=-7Tt7sPeHrtspxVKclihW_j2vqXZWcWauRKG69cJ1B4&utm_medium=email&utm_source=signature_receipt&utm_campaign=new_signature
Pimp or prostitute? Either way we’re screwed.
??? Do you know how the hedgefundy profiteers make their billion to buy Hillary?
answer By counterfeiting value.
??? Do you know how they counterfeit value?
answer By raising prices.
??? Do you know how they raise prices? (hint: wallstreet)
answer bank trading back and forth like air under a ping pong ball.
??? Do you know the consequence of that deceitful 1929 style price jacking?
answer When the fraudly hedgefundies sell, you buy.
??? Didnt you know you bought that overpriced nonsense?
answer No you didn’t. But your retirement fund did because they are wined and dined just like the elected whores. BONUS. Those higher stock prices also prompt prices of things you buy to go up.
??? Do you like being robbed? yes? good. because Hillary will rob you more.
Hillary will continue Obama’s liberal policies and bankrupt the US.
This article is not news, because the facts have long since been established. If it has any value, it is in reminding those with failing memories of the true situation in US politics.
We will be subjected to hate and scare tactics by both the democrats and republicans over the next month, but the truth is that their differences are marginal. Both are completely aligned with the interests of the large corporations. Both candidates will of course deny this, but both are liars. Liars. And those who would vote for either are fools.
CEOs don’t think in terms of true and false. Their frame of reference is whether a statement boosts or lowers the share price. If they say a particular candidate could be detrimental to their business, that sets the share price up for a fall should that candidate win. So 99% of the time, the CEO is going to say their business will do fine either way. And 99% of the time this will also be true since neither party is inherently hostile to business.
The real test of the CEOs opinion is how much they contribute to each candidate. Most of the time, if there is no difference, a modest contribution will be made to each side in order to purchase some goodwill. However, I expect to see Mrs. Clinton receive significantly more in campaign contributions. She has spent much of the last 12 years, dutifully doing the rounds, making speeches and pledging her support to corporate America and the financial industry in particular. Mr. Trump on the other hand is a plutocrat, focused on looking out for himself. He might very well adopt policies unfriendly to business if he thought it would give him a political advantage.
Only a zionista would say that Hillary is good for finance.
Because the finance these monster ceo’s are talking about is the zionista lending practice from a fraudulent (unGodly) currency scheme.
The truth is, the wallstreet and ceo zionistas are afraid of Donald Trump because….. He is a Lutheran.
ALL WARS ARE BANKER WARS.
At EVERY POINT IN HISTORY when a country took ownership of its own currency system, IT PROSPERED MAGNIFICIENTLY.
But Donald Trump supports Israel:
https://www.youtube.com/watch?v=pNeqah9of7Q
No one becomes President of the United States without being the puppet of the Wall Street elite.
The Chicago Church of economic voodoo wins again!
The sacrificial altar will have no shortage of offerings!
They will start off with a certain Mr. Sanders and his supporters
and after that, the human resources will be found globally.
“In the god of monetary predation we trust”
The disguised inside/outside priestess from the cathedral in Boston
has given her devout, ceremonial blessing to Clinton while
also performing her role as a herder barking “TRUMP!” so
that the complicity of all is hidden in plain view. She is
ardently rounding up the rag-tag gullible “Bernies” and
silencing dissent for the bloodstained euphoria
of the “Queen of Chaos.”
Well, if this guy said it, it must be true!
“He might” being the operative words. As for Trump:
Says the guy who won’t release his own tax return and had his start bankrolled by daddy.
Clinton is uncomfortably close with the financial sector, so the status quo would likely remain. But who knows with Trump; as the AFL-CIO put it, he is “an unstable charlatan.”
Vote for the vulture capitalist or the one owned by vulture capitalists. Last time the choice was the same with Romney versus Obama. Neoliberal fascism prevails, with more German austerity to create debt under the guise of reducing debt. A fake debt that is inherent to be being harmonized into a globally competitive colony of world enslaver governance.
Austerity creates debt under the guise of reducing debt? Isn’t the practice to reduce debt by creating more debt the same but not austerity?
A fake debt that is inherent to be being harmonized into a globally competitive colony of world enslaver governance.
worth repeating.
What we both described is austerity: a bankster scheme to keystroke vapor liquidity in debt money for leveraging the theft of hard assets and corporate takeovers via privatizations.This is disaster capitalism, which will feudalize us into debt bondage.Trump, and the banking cartel are both utilizing the same LBO strategy of corporate raiders during the Eighties.
Debt hysteria is the pretext for slashing SS and whatnot so we don’t become Greece , which is theoretically impossible. Any country with a reserve currency can never become insolvent. The banking suite thugs bid up bubble frauds, then the bubble burst yields debt -generating austerity from which shrunken revenue bases necessitate underfunding of all public-sectors until
corporate capture prevails
The problem is a private central bank that owns the political class. The Fed could monetize public deficits with a fraction of QE trillions that now prop up the market. None of that ZIRP money enters the retail economy; it is all recycled within a wholesale loop of monopoly globalists Neoliberal government is stakeholder government, which is a euphemism for shareholder. Ryan, Hillary, the whole stinking lot are traitors who sold out our public interests for the interests of global shareholders.
Sorry, I got carried away. ciao.
thanks
OT or maybe not..
I follow your arguments here.
I figure their prime target is SS so the ws banksters can use the cash flow to prop selloffs to their premium clients and/or bid up values to unheard of prices to precipitate more loans for their ponzi act.
I figure they want the austerity to take public property as collateral for issued debt after they bankrupt cities, states, etc.
It seems to me that the incessant rising of prices (which they do) is a way of “shedding old skins” (people) and making young persons, who have more lifespan, borrow against their future for longer periods of time.
And i wonder if the average joe sees the same thing, or even looks.