Hillary Clinton's Complete Deutsche Bank Speech Transcript

As part of the early Podesta emails releases, much attention focused on Hillary Clinton's three Goldman Sachs transcripts, which revealed that while Hillary presents one, public, side to the general population, in private, and when compensated generously for her time and her real thoughts, she provides a materially different perspective on topics ranging from bank regulation, to the economy, to foreign diplomacy. Or, as John POdesta himself put it, Hillary's "double standard."

Today, thanks to the latest Wikileaks dump of hacked John Podesta emails, we now have access to Hillary's full speech delieved to Deutsche Bank on October 7, 2014 in New York. 

As a reminder, excerpts from the speech had been revealed previously, most notably in the context of how the Clinton Campaign planned to respond to media inquiries into what Hillary Clinton told the banks privately, with the decision ultimately being made to not reveal anything.

In an email on November 20, 2015 Clinton speechwriter Dan Schwerin explicitly noted how he left an "easter egg" in the DB speech precisely in case the world came knocking and asking for Hillary's speeches:

Following up on the conversation this morning about needing more arrows in our quiver on Wall Street, I wanted to float one idea. In October 2014, HRC did a paid speech in NYC for Deutsche Bank. I wrote her a long riff about economic fairness and how the financial industry has lost its way, precisely for the purpose of having something we could show people if ever asked what she was saying behind closed doors for two years to all those fat cats. It's definitely not as tough or pointed as we would write it now, but it's much more than most people would assume she was saying in paid speeches. (Full transcript is attached and key riff is pasted below.)


Perhaps at some point there will be value in sharing this with a reporter and getting a story written. Upside would be that when people say she's too close to Wall Street and has taken too much money from bankers, we can point to evidence that she wasn't afraid to speak truth to power. Downside would be that we could then be pushed to release transcripts from all her paid speeches, which would be less helpful (although probably not disastrous). In the end, I'm not sure this is worth doing, but wanted to flag it so you know it's out there.

Yet, despite Schwerin's pitch, his idea was ultimately shut down: this is what Mandy Grunwald responde in an email thread to Clinton Campaign staffers:

I worry about going down this road.


First, the remarks below make it sound like HRC DOESNT think the game is rigged -- only that she recognizes that the public thinks so.  They are angry.  She isn't.


Second, once you start looking at speeches, you run smack into Maggie Haberman's report for Politico on HRC's Goldman Sachs speech, in which HRC isn't quoted directly, but described as saying people shouldn't be vilifying Wall Street.


Maybe you think the Deutsche Bank speech takes the sting out of the Goldman report -- but I am concerned that the passage below will exacerbate not improve the situation.

Whil we scour through the speech for notable highlights, here are some of the most prominent excerpts:

[E]ven if it may not be 100 percent true, if the perception is that somehow the game is rigged, that should be a problem for all of us, and we have to be willing to make that absolutely clear.

And here is Hillary urging Wall Street to police itself:

Remember what Teddy Roosevelt did. Yes, he took on what he saw as the excesses in the economy, but he also stood against the excesses in politics. He didn't want to unleash a lot of nationalist, populistic reaction. He wanted to try to figure out how to get back into that balance that has served America so well over our entire nationhood. Today, there's more that can and should be done that really has to come from the industry itself, and how we can strengthen our economy, create more jobs at a time where that's increasingly challenging, to get back to Teddy Roosevelt's square deal.

Full speech below (link):