Hillary Clinton: The Anti-Wall Street Candidate?

Hillary Clinton has been upping the ante with her populist rhetoric, bashing "greed" and swatting away economic critiques of her tax plans by saying "I'm not going to throw my lot in with economists." As is often the case, that kind of anti-intellectual politics is accompanied by Wall Street bashing. Julie Satow, who covers Wall Street for the New York Sun, reports on Clinton's latest swipes.

Yesterday, Mrs. Clinton's normally responsive camp took a full 24 hours to correct widely reported accounts that she had said in a speech during the Indiana Democratic Party's Jefferson-Jackson Day dinner: "Why don't we hold these Wall Street money-grubbers responsible for their role in this recession?" In fact, she said: "Wall Street money brokers."

Either way, the sentiment is the same, according to many on Wall Street.

Clinton Attacks Wall Street [New York Sun]

Comments

Posted by Investorcluzo, May 06, 2008 8:22AM

carney, you're good...start early with the political nonsense - that is sure to get everyone fired up. rather than wax un-poetically about how 'effed up mrs. c and her views are, I would ask: when was the last time someone got upset when their favorite hoop/baseball/football player got a $30 million contract? seriously, these guys work 6 - 9 months a year. okay, they work out year round - but who doesn't (fat chicks don't answer that)? and finally, is america really ready to have the same 2 families in the white house for two decades (du-onarchy)??? db commenters discuss...

Posted by guest, May 06, 2008 8:23AM

It's all greed and fear baby.

Posted by AJ, May 06, 2008 8:23AM

Can we discuss how exactly she plans to crush OPEC as she claimed yesterday?

OPEC "can no longer be a cartel, a monopoly ." She plans to use anti-trust law to sue them for price-fixing?

She has lost it and is just throwing out every piece of populist nonsense she can think of.

Posted by Investorcluzo, May 06, 2008 8:24AM

and before you say anything, I am well aware that some of the contracts are for multiple years and have performance clauses...

Posted by guest, May 06, 2008 8:25AM

AJ: Have you noticed that the US has now full claims to the richest oil reserves in the world? Who needs OPEC? Just make Iraqi oil reserve land a US territory, and that will immediately eliminate US dependence on foreign oil!

Posted by guest, May 06, 2008 8:26AM

Clintons know what they are doing.

Posted by guest, May 06, 2008 8:32AM

haha, you hedge fund fuckers are screwed.

Hillary will let shorts deliver against their position to the longs, then let longs liquidate, then allow shorts to cover when oil is 50 bucks...hahaha, you're so fucked.....

Posted by guest, May 06, 2008 8:37AM

Politicians can't do anything until they are ELECTED. So the blizzard of bullshit will continue from both camps. Everyone on Wall Street knows that this time of year such shit is spoken on the campaign trail. As soon as she or Obama is elected you watch how fast Wall Street will rush to kiss his/her ass.

Oh, and Cluzo...thanks for bring up the Bush dynasty.

Posted by diablo, May 06, 2008 8:37AM

As I see it, all candidates from all parties are trying to be more "populist" than the other. Yes, that includes the "maverick" from Arizona.

Carney, if attacking economists is anti-intellectual, first prove that there's some intellect in those economists' brains, most especially those WS economists. You haven't made your case.

Posted by guest, May 06, 2008 8:40AM

typical

Liberal

racist , hate-filled , prejudice


Posted by guest, May 06, 2008 8:42AM

Hillary is a beer-drinking , shot-swilling hard hat , such as the one she portrayed in Pittsburgh


she's a real anti-intellectual

Posted by AJ, May 06, 2008 8:42AM

@8:25: Come on, we all know that Bush only invaded Iraq to decrease the supply of oil and make oil companies rich. We can't actually use that oil...

Posted by guest, May 06, 2008 8:44AM

Just goes to show what a complete hypocrite Clinton is. Poorly kept secret that some of the Clintons' biggest financial supporters include Burkle and Lasry. Or do they not count as 'Wall Street money brokers'.

Tell the masses what they want to hear but even they eventually figure out that the really wealthy (hmmm .... Burkle, Lasry, etal) don't worry about bear markets or taxes. Those things just help put more distant between them and the ridiculously annoying nouveau riche. (which is of course anyone that got money after them).

Posted by Master of None, May 06, 2008 8:51AM

Hillary vs. McCain when each is touting a populist platform?

Hah.

She's stuck between a rock and the unemployment office.

Posted by ab, May 06, 2008 8:56AM

@diablo

c'mon. you need somebody to make the case that economists on the gas tax proposal are right?

are you questioning (1) when you decrease the price of something (gas), demand rises or (2) when you remove a tax on something with (at least short-term) inelastic demand, the price won't drop by much?

this isn't analysis on subprime cdos by wall st. economists, its econ 101 supply and demand.

Posted by guest, May 06, 2008 8:56AM

Bush invaded Iraq to further the cause of Freedom. I don't know why he won't invade North Korea to further the cause of freedom. Or Somalia. I suppose thoe people are free already.

Posted by guest, May 06, 2008 8:58AM

Bottom line for Wall Street is money. Its all about the capital gains rate. Obama want to nearly double it to 28%. Hillary wants to keep it where its at, or at most, raise it to 20%. Thats real money to most Wall Street people.

Posted by guest, May 06, 2008 8:58AM

Let me explain to you how this works: you see, the corporations finance Team America, and then Team America goes out... and the corporations sit there in their... in their corporation buildings, and... and, and see, they're all corporation-y... and they make money.

AND THAT'S JUST NOT FAIR

Posted by guest, May 06, 2008 9:07AM

typical

conservative

racist, hate filled, prejudice

Posted by guest, May 06, 2008 9:07AM

Ha, Clinton who is worth >$100M because her husband spent the last 8 years grubbing for speaking fees like a pig in search of truffles calls others "greedy". Her once management consultant now hedge fund "worker" daughter isn't "greedy" either I'm sure. Classic "do as I say not as I do".

Posted by diablo, May 06, 2008 9:10AM

@ab

OK, the gas tax idiocy...

WS economists may blast it. But I know of economists like Krugman, who is not a WS economist and tends to support Clinton blast it too.

Krugman:

"I’ve been on the road (actually doing a public dialog with Barney Frank on financial reform), so I’m just catching up. Anyway, John McCain has a really bad idea on gasoline, Hillary Clinton is emulating him (but with a twist that makes her plan pointless rather than evil), and Barack Obama, to his credit, says no.

Why doesn’t cutting the gas tax this summer make sense? It’s Econ 101 tax incidence theory: if the supply of a good is more or less unresponsive to the price, the price to consumers will always rise until the quantity demanded falls to match the quantity supplied. Cut taxes, and all that happens is that the pretax price rises by the same amount. The McCain gas tax plan is a giveaway to oil companies, disguised as a gift to consumers."
http://krugman.blogs.nytimes.com/2008/04/29/gas-tax-follies/
--

Notice however that Krugman gives credit to McCain as the originator of this fraud, but the NY Sun doesn't. Clinton is joining McCain on this one, Obama knows it's folly.

Posted by guest, May 06, 2008 9:11AM

I thought they were taking Eight Belles out behind the shed and putting her down tonight after the polls close.

Posted by guest, May 06, 2008 9:14AM

let's dont forget y'all that Hillary's cattle trades caused more cattle to be traded which then farted at the feed lots en masse which depleted the ozone layer which caused the Limbaugh Ice Shelf to break away from Prudhoe Bay in the antarctic causing the Exxon Valdez to run aground and allegedly pollute some Alaska shoreline and kill birds which offended PETA and caused illegal immigration and thus the growth of the celebrity of Lou Dobbs.

I mean, come on, people!!
Signed,
`The Guy Who Listens to Talk radio All Day

Posted by guest, May 06, 2008 9:17AM

Is Erin Burrnet wearing the same green top she wore yesterday?

Speculate.... NOW!

Posted by guest, May 06, 2008 9:40AM

I hope her daughter is the first person out of a job if Hillary wants to punish Wall Street.

I am so tired of this hypocritical political b.s.

Posted by guest, May 06, 2008 9:54AM

@9:40......I agree with you that things will be vastly better when Bush has left office.

Posted by guest, May 06, 2008 9:57AM

Hillay (well, and Bill) are the sharpest, super-electable pips with a strong record that shows that they can successfully balance Wall St interests with populist demands, all without going into the Bush-style debt!
Show me what McCain can do besides "Bomb Iraq"!

Posted by golden girl, May 06, 2008 9:57AM

@ 9:17 - Finally. I was waiting for someone to get to the important issues. But no, that was a greener shade of green. I liked her hair better yesterday.

Posted by guest, May 06, 2008 9:57AM

How many people on the Street have the nerve to take tax deductitions by donating $10mm to their own charity. Then allocates the fund from said charity for their own personal benfit. e.g. donating to the states she's campaining in.

Posted by guest, May 06, 2008 9:58AM

@8:56
"Bush invaded Iraq to further the cause of Freedom. I don't know why he won't invade North Korea to further the cause of freedom. Or Somalia."

Or Saudi Arabia, for that matter.

Posted by guest, May 06, 2008 9:59AM

Economist-bashing, hmm, who does that remind me of. Oh yes, Robert Mugabe. Last refuge of a scoundrel?

When politicians rail against economists, they're essentially shooting the messenger for harsh facts like "no, you can't magic jobs out of thin air by writing some legislation".

Posted by guest, May 06, 2008 10:02AM

@9:58:
What's wrong with the Saudis?

Posted by girl, May 06, 2008 10:02AM

she's an insult to liberals - if she gave a shit aboutt he democratic party she'd have stepped down a long time ago.

HATE her and her nonsense rhetoric.

Posted by guest, May 06, 2008 10:04AM

@9:57AM:
"How many people on the Street have the nerve to take tax deductitions by donating $10mm to their own charity. Then allocates the fund from said charity for their own personal benfit. e.g. donating to the states she's campaining in."

This doesn't take "the nerve." All this takes is one great accountant.

Posted by guest, May 06, 2008 10:06AM

Girl,

Grow up.
Boys won't like you better if you hate fellow girls.

Posted by girl, May 06, 2008 10:10AM

@ 10:06,

She's not a fellow girl, she's a candidate, and as a citizen I'm allowed to assess her however I like.

Posted by guest, May 06, 2008 10:10AM

Girls....if they didn't have a pussy on them there'd be a bounty on their heads.

Posted by girl, May 06, 2008 10:17AM

There there 10:10, I think someone is badly in need of a trip to the "masseuse" over lunch.

Posted by guest, May 06, 2008 10:19AM

@girl:
honey, I think you are in need of a "masseur".
I'd be happy to offer my big friend here.

Posted by guest, May 06, 2008 10:22AM

Aaaaahhhh....the name is Bootsy, baby.

Posted by girl, May 06, 2008 10:27AM

@ 10:19

i'm not your honey. thanks for the goodwill though.

Posted by guest, May 06, 2008 10:28AM

@girl: Spoken like a true Obama supporter. Problem is that the contest is essentially tied, with your boy especially good at winning caucuses and black votes in red states, and provided we conveniently ignore Florida and Michigan. So why would Hilary leaving be good for the D party? Your boy is simply a smooth talker, who posts interesting position papers on his web site and has no chance of beating McCain in the fall.

Posted by guest, May 06, 2008 10:30AM

@10:28AM:
'girl' likes the boy's exotic shlonger... She just doesn't want to admit it.

Posted by guest, May 06, 2008 10:31AM

My Obama-supporting friends get this look on their face when they talk of Him, like the prophet has finally arrived. I just don't get it.

Posted by guest, May 06, 2008 10:32AM

Hillary can carry both races, men and women, yound and old. The other "candidates" are jokers.

Posted by guest, May 06, 2008 10:32AM

McCain wants to bomb Iran, not Iraq

...and it's not because he is a war hawk, it's because the Beach Boys told him to

Posted by guest, May 06, 2008 10:32AM

@10:31
that's so funny

Posted by guest, May 06, 2008 10:34AM

@10:32 Funny? I think its weird. Like they've been hypnotized or given some drug. I want to shake them.

Posted by girl, May 06, 2008 10:34AM

@ 10:28

My issue is with the type of politics she employs - divisive, attacking, and largely baseless. Sure that wins an equal amount of votes, but not ones based in common sense or desire for improved leadership. As an original Illinoisan, I know for fact that Obama affected a good deal of change as our Senator, which is collectively mroe impressive to me than Hillary riding her husband's coattails to a puppet presidency.

I can't posit on his chances of beating McCain in the fall, but I'd be pleased if for once we could elect someone (even to the primary) who didn't rely on petty attacks to win their campaign. That's all.

Posted by guest, May 06, 2008 10:35AM

Does this mean Hillary won't be needing anymore Lloyd Blankfein fundraisers after all?

Posted by Novice, May 06, 2008 10:37AM

girl... thank you. As is, Hillary seems to be fond of the scorched-earth political strategy.

Posted by guest, May 06, 2008 10:39AM

girl's name is Bootsy?

Posted by guest, May 06, 2008 10:43AM

10:39:

Please report to the Mothership.

Posted by guest, May 06, 2008 10:47AM

hahaha

Posted by golden girl, May 06, 2008 10:48AM

I dunno. I get the argument that Hillary needs to step aside for the good of the party and all, but I also don't see why she should. For her self-serving purposes, a McCain victory is almost advantageous.

And in many ways, she does have a genuine case to be made, regardless of how much of a stretch it is. She is significantly trailing Obama at this point in the game, yes, but she can point to a number of metrics that give her a fair amount of credibility. Why should she have to drop out before the race is over if she thinks she can find some way to win it?

Go ahead and respond to this with generic anti-Hillary slurs, but before you do, please note that you will be missing my point entirely. I am by no means "on her side". To be honest, I don't have a fucking clue who I'll be voting for in November. I'm a registered Republican.

But you've got to admit that Obama has exposed some major vulnerabilities. While it may be disastrous for the Democratic party to continue the infighting (and I'm not necessarily convinced that it will be, but let's assume so), she is under no obligation to cease the pursual of any strategy that she thinks will enable her to reach her goal.

Posted by girl, May 06, 2008 10:55AM

@ goldengirl,

She is under an obligation to cease the pursual of her strategy precisely because it caters to her individualistic goals while she continues to preach that what she is doing is "right for the party." This is the definition of hypocrisy.

Posted by guest, May 06, 2008 10:56AM

Christ, it's just talk. If you think the Clintons are anti-Wall Street, you need to quit with the woe-is-me victimization crap. Oh, they only cut out some of the many regulations you wanted axed and not all of them? Boo fucking hoo.

Posted by guest, May 06, 2008 10:57AM

Not so sure the infighting is the problem. Obama just can't close the deal. No matter what, he does not seem to be able to resonate beyond blacks and what used to be called brie eating volvo drivers. No way to win an election.

Posted by guest, May 06, 2008 10:58AM

Can a Hillary supporter PLEASE explain the appeal to me? I really do not get it.

Cannot say I am a supporter of Obama or McCain but they don't make my skin crawl like she does.

Posted by guest, May 06, 2008 10:59AM

girl @10:55 Are you so blind that you can't see that those same comments would apply to Obama as well?

Posted by guest, May 06, 2008 11:00AM

She may make your skin crawl but she's a fighter with an excellent grasp of policy

Posted by guest, May 06, 2008 11:00AM

@girl, ok, enough with youthful idealism. you had your moment, and you rallied. now the moment (or moment-um) is over, and let serious people do what's best for the country.

Posted by guest, May 06, 2008 11:02AM

I was for Clinton at the start of all of this but I have to admit I became turned off by her campaign tactics. I think this gas tax proposal is nonsense and irresponsible. I think her egotism is spectacular. Who made her queen and entitled to continue to divide the Democratic Party? I think she should pull back for the good of the party. I hope she can find the grace to do so.

Posted by guest, May 06, 2008 11:06AM

@11.00am

OK let's try again. What's her appeal?
Does it make you feel better that Bush gives me the same reaction?

Posted by hedgehog, May 06, 2008 11:13AM

I used to care about bullshit like this... but now I just short Hilary contracts on intrade.com. It gives me a warm and fuzzy feeling inside to know that, come August, I'll be richer and she won't be President.

Posted by guest, May 06, 2008 11:13AM

@11:02 Again, you're blinded by Saint Obama. He's as divisive as she is. Why doesn't he leave for the good of the party?

Posted by golden girl, May 06, 2008 11:16AM

But what if she believes that she IS doing what is right for the party? I know, I'm giving her too much credit, but still. You could turn that around on anyone.

Posted by guest, May 06, 2008 11:17AM

@11:06
Clinton (the Clintons rather) are credible, experienced and, yes, they have a track record. In the office. For 8 years. That's right.
If you know anything about hiring, who do you want to be a manager of your future (and that's what a president's role is): someone who is, according to his pastor of 20 years, a racist who hates our country, or someone who paid their dues, earned multiple respects and has successfully managed the country in the past?

Posted by guest, May 06, 2008 11:19AM

@girl 10:55

Being a politician is the very definition of being a hypocrite.

Posted by guest, May 06, 2008 11:20AM

@11:06 Let me try again. She has an excellent grasp of policy issues, where sometimes the devil is in the details. Recent example: her stance on corporate taxation. She clearly understands the idea of offshore profits, how they are taxed and not taxed by the US. Maybe you don't agree with her stated position, but give her credit for deeply understanding the issue. Unlike most in DC.

Posted by guest, May 06, 2008 11:20AM

@11:06 Let me try again. She has an excellent grasp of policy issues, where sometimes the devil is in the details. Recent example: her stance on corporate taxation. She clearly understands the idea of offshore profits, how they are taxed and not taxed by the US. Maybe you don't agree with her stated position, but give her credit for deeply understanding the issue. Unlike most in DC.

Posted by guest, May 06, 2008 11:21AM

What amazes me is that Clinton was more popular after he got impeached than before!

Posted by guest, May 06, 2008 11:22AM

I guess 11:17 is buying the Co-President argument. wow.

Posted by guest, May 06, 2008 11:23AM

Suppose there had been no Monica? What would you Clinton bashers ever talk about?

Posted by guest, May 06, 2008 11:29AM

@girl 10:55, I fixed it for you:

Pursual of individualistic goals while preaching that what your doing is "right for the people." Is the definition of the dem party.


Posted by guest, May 06, 2008 11:35AM

Hmmm ... w/o Monica?

- the number of Clinton administration related murders

- criminal probes and ties to known felons

- illegal campaign contributions

....... how about a general lack of ethical character?

Posted by guest, May 06, 2008 12:16PM

@11:23
w/o monica? Can I add one? OK. How about the fact that William "Bubba" Jefferson Clinton could have taken care of Osama Bin Laden on more than one occasion with strategic strikes that were ready and waiting. And on one of those occasions, he wouldn't get off the golf course to do it...I seem to remember a book referencing these accounts by people who had witnessed them. I am purpsosely not naming the book because it may force some of you to actually go out and read. HA!

Posted by guest, May 06, 2008 12:26PM

Hi, @11:13am. @11:02am back again. Well, she's divisive because she started out with huge negatives and rather than try to overcome or minimize the negative perceptions, she ran what seemed to me to be a negative campaign against Obama. This recent stuff about "Clintons aren't quitters" just accentuated that she's too proud to recognize the handwriting on the wall. I guess tonight will reveal more; but it may just be more stalemate.

Posted by guest, May 06, 2008 12:35PM

Time to end this incessant bickering. Hillary should have the dems' nomination.

Posted by guest, May 06, 2008 1:49PM

For the good of the party, give Clinton the nomination and Obama cld be vice prez.

Posted by guest, May 06, 2008 2:08PM

@1:49PM: Agree 100%

Posted by guest, May 06, 2008 2:19PM

@12:16 Thats horseshit, right out of the mouth of Rush Limbaugh. If I was as stupid as you I would throw back the baloney that Bush could have finished him off in Tora Bora but chose not to.

Posted by guest, May 06, 2008 2:32PM

@1:49 A few weeks ago NY Magazine did a satire on the D convention. At the last minute Obama tricks Hillary into loosing the nomination, by getting Wesley Clark as VP. The story ends with Bill wispering in her ear "Don't worry, McCain's gonna kick his ass". So true.

Posted by guest, May 06, 2008 2:45PM

But the Clintons will kick McCain's ass...

Posted by guest, May 06, 2008 3:09PM

so true too. But first she has to nab the nomination.

Posted by guest, May 06, 2008 3:13PM

@2:19 You walked right into my trap... The book is "Dereliction of Duty," read it! And if it is truly horse&^%$, then Clinton would have sued Lt. Patterson for libel for printing his witnessed account of Clinton not responding to Berger's request to bomb Osama.

Posted by guest, May 06, 2008 3:21PM

@2:45 Stay away from the crack pipe. McCain will mop up the floors with HillBilly.

Posted by guest, May 06, 2008 3:22PM

@2:19 I forgot to add. Tora Bora we needed more ground troops to get him not a strategic strike like Clinton ignored.

Posted by guest, May 06, 2008 3:22PM

I wouldn't hang you hat on libel law to demonstrate what is and is not truth. Libel applies to you and me, not "public persons" like the Clintons. You can say anything you want about them without recourse. Look instead to the publisher who basically prints any crap supportive of hard right causes.

Posted by guest, May 06, 2008 3:26PM

@3:21 Its early, so I wouldn't bet my life savings, but I form my opinions from what I read on surveys in the key swing states: PA, OH, FL.

Posted by guest, May 06, 2008 4:53PM

Well, let's go and give Hillary our extra support then.

Posted by guest, May 07, 2008 8:16AM

We are sooooo close to being rid of the Clinton crime family! Woohoo!

Posted by guest, May 07, 2008 10:25AM

Hello? Elephant in the room alert?

People who swoon over Obama are in awe of his Blackness. That's all. He's like the Wizard of Oz, there's nothing behind the curtain except for Rev. Wright and Michelle all hating on Whitey. He's a shallow Alinskian-marxist black-power revolutionary. He's nothing but a black straw-man pumped up by the Chicago Dem. machine. Without a script, he's a hollow, feckless, waffling politician. If his picture were never on T.V. and nobody ever knew what color he was, he'd be forgotten by now.

And Hitlery? oh puh-LEEZE! She's America's ex-wife. And we all know what happens to ex-wives, don't we?

Put her out to pasture already.

McCain is no prize, that's for sure, but he'll wipe the floor with either of these two McGovern wannabe's.

The Dems have shot themselves in both feet with these two losers.

Posted by guest, May 07, 2008 10:31AM

@10:25 You'er entitled to your opinion. See Romney today though who says Hillary's a "formidible" candidate.

Posted by guest, May 07, 2008 11:51AM

he was referring to the size of her ass.

Posted by guest, May 07, 2008 12:04PM

@10:31 Don't think so. He recognizes that winning black votes in red states is not the way to get to the white house. I suspect as well that he understands that there's basically an undercurrent of prejudice in America that's bad for Obama. Just like it was bad for Romney, when people couldn't get past the fact that he was Mormon.

Posted by guest, May 07, 2008 12:55PM

I think the fact that Romney is a Mormon is far weirder than the fact that Obama is black.

Posted by guest, May 07, 2008 10:21PM

no it's not.

Posted by guest, May 07, 2008 10:57PM

Gee, i dunno. black or mormon? they both seem like really legitimate reasons to consider not voting for them? WTF?????????
are you kidding?

i would put their ethics, morality and integrity up against the clintons, eyes closed, any day of the week.

ANYONE BUT HILLARY 2008.

Posted by guest, May 08, 2008 9:37AM

Re mormons.. Yeah, ethics, morality, integrity, but with a big big dose of weirdness. The fact that people actually believe such things says something about them.

Posted by guest, May 08, 2008 10:40AM

yeah, nothing weird about a kaparot.

Posted by guest, May 09, 2008 6:46PM

I'm a registered Democrat and I can't vote for either Hillary or Obama.

Hillary lied about the sniper fire. I almost don't mind that she lied- what I mind is that she's so clueless or so egotistical to think she wouldn't get caught. She had to have remembered the cameras on the tarmac. And absolutely EVERYTHING is findable on the internet. The fact that she doesn't know that means she can't run this country. She lied like 8 times over six months in great detail about how she dodged the sniper fire....all the time thinking she could get away with it. Too huge an ego or clueless about the internet. And the internet matters kids.

Obama is exactly like the Wizard of Oz. Good analogy. Hollow nice guy, who is too inexperienced to run the country.

I like McCain's character - POW stuff (read the article in the WSJ written by Karl Rove - Karl Rove I hate with a hatred I reserve only for one other person - Bush, but still it was a good article.

Except he's waffled, used to be pro-choice and for gay marriage now he's joining the evangelicals. Pandering. And that gas thing?

I'm a democrat who really was wishing the I could push the lever for Rudy. Would have been my first Republican vote. Sigh. He ran a clueless campaign. (maybe on purpose, in the end he might have decided he didn't want people to look too closely into his connections...sigh)

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