Yves Smith — Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security

Hillary's mandatory retirement savings accounts are a twofer: a way to replace Social Security over time and enrich private equity and hedgies.

Now that it is clear that HRC say one thing publicly and another behind closed doors.

Readers may recall that Bill Clinton planned to privatize Social Security in the second term of his Presidency. The Monica Lewinsky scandal derailed his plan.

As the Clintons knew, only a Democrat can dismantle Social Security. Hillary looks to be picking up where Bill left off.

One can only imagine what is in this financially for Bill and Hillary Clinton. They have already pulled in 111 million, 80 reported by Bill and 31 by Hillary. There's no quid pro quo though. Hey, they gave speeches.

Naked Capitalism
Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security
Yves Smith