Exposing Hillary So She Won't Get Elected

Clinton Super PAC Donor is Foreclosure Crisis Carpetbagger

…as well as a former Goldman Executive.

When Bernie Sanders brought up Hillary Clinton’s massive fundraising from Wall Street at the November Democratic presidential debate, Clinton called it an attack on her integrity and insisted she gets a fair share of her money from “the people.”

But the fact remains that the Clinton campaign is fundraising heavily on Wall Street. Contributions from the securities and investment industries comprise one of her largest piles of campaign money. Commercial banks have also given heartily, by name, directly to her campaign.

The Intercept singles out, as an example of how Clinton works, one major donor to her Super PAC, Priorities USA, a guy named Donald Mullen. Mullen (pictured) profited from the 2008 financial crisis both before and after the crash of the housing bubble.

Mullen, while a Goldman Sachs employee, pioneered the trades that allowed the mega-bank to profit from the collapse of the housing market. Mullen’s team utilized financial instruments called collateralized debt obligations to essentially bet against subprime mortgages. As his colleagues began to see the decline of the market, Mullen wrote cheerfully, “Sounds like we will make some serious money.”

In 2012, Mullen left Goldman Sachs to do the opposite of what he did in 2008: He started a hedge fund to buy up the foreclosed homes he helped create and rent them out to many of the same people who had just lost their homes. One source described Mullen as “the guy who bet on the full-scale implosion of the housing market is now swooping in to pick up the pieces on the other end.”

Back to Hillary. Mullen gave $100,000 to her PAC in June, according to the Federal Election Commission, the largest single contribution he has made to any soft money organization in his giving history. (In total, he has given $220,000 to soft money groups and $529,621 in individual contributions.) Gotta spend money to make money, right?

Today, Priorities USA is running ads focusing on a variety of issues, but avoiding direct attacks on Wall Street. Its primary social media account, on Twitter, has mentioned Wall Street only once.

Know them by the company they keep.