As noted before, Charles Ferguson is to the left of the left. And clearly the Clintons did not trust him. The post he wrote after the cancellation of the documentary that CNN was going to make about La Clinton made it clear why.
“I got in touch with several prominent Democrats who knew Hillary Clinton. I told them that this campaign against the film and against CNN was counterproductive. They conveyed this message to Mrs. Clinton personally, along with my request to speak with her. The answer that came back was, basically, over my dead body.”
Considering the Clintons, he should have gotten clarification of whose dead body exactly.
Bill Clinton did indeed have a great deal to do with setting up the financial crisis… though not for the reasons that Ferguson thinks. The last thing that Clinton Inc. would want is to allow a fierce opponent of financial industry deregulation a chance to draw his portrait of two idealists, Bill and Hillary, who were compromised by the system.
And Ferguson makes it clear that this would have been the portrait he would have ended up drawing…
In June, I attended a dinner for Bill Clinton, which was educational. Clinton spoke passionately about his foundation, about African wildlife, inequality, childhood obesity, and much else with enormous factual command, emotion, and rhetorical power. But he and I also spoke privately. I asked him about the financial crisis. He paused and then became even more soulful, thoughtful, passionate, and articulate. And then he proceeded to tell me the most amazing lies I’ve heard in quite a while.
For example, Mr. Clinton sorrowfully lamented his inability to stop the Commodity Futures Modernization Act, which banned all regulation of private (OTC) derivatives trading, and thereby greatly worsened the crisis. Mr. Clinton said that he and Larry Summers had argued with Alan Greenspan, but couldn’t budge him, and then Congress passed the law by a veto-proof supermajority, tying his hands. Well, actually, the reason that the law passed by that overwhelming margin was because of the Clinton Administration’s strong advocacy, including Congressional testimony by Larry Summers and harsh public and private attacks on advocates of regulation by Summers and Robert Rubin.
Wow, I thought, this guy is a really good actor. And I also saw one reason why Hillary Clinton might not be thrilled about my movie. I discovered others. In Arkansas, she joined the boards of Walmart and Tyson Foods. One of the largest donors to the Bill, Hillary, and Chelsea Clinton Foundation is the government of Saudi Arabia.
The Clintons are paranoid. Hillary especially so. But in this case, she had reason to be.
In 2008, she was kneecapped by the left for a more left-wing candidate. And she isn’t about to let that happen again.