Skip to content
Subscriber Only
Politics

Hillary Clinton Lets Big Banks Off the Hook for Financial Crisis

The Democratic front-runner has not been nearly as critical of large financial institutions as some in her party.
Democratic presidential candidate Hillary Clinton speaks at the New School on July 13, 2015, in New York City.

Democratic presidential candidate Hillary Clinton speaks at the New School on July 13, 2015, in New York City.

Photographer: Andrew Burton/Getty Images
By
Jesse Hamilton and Cheyenne Hopkins

Hillary Clinton's explanation of what caused the 2008 financial crisis contains a notable omission.

Throughout the 2016 presidential primary campaign, Clinton has taken a markedly less critical view of large financial institutions like Citigroup Inc. than Democrats like Elizabeth Warren and presidential rival Bernie Sanders. Instead, Clinton has placed the blame on “shadow banking,” a term she has used to describe hedge funds and high-frequency traders.