Comments on: WATB Hedge Fund Managers Demand Their Government Welfare, Dammit!

By: mafr

mafr — Mon, 25 May 2009 13:24:32 +0000

yeah for instance, a third party who had spoken to him on the phone, upon meeting for the first time might say:

so……you’re assnes.

“Long story short, a junior creditor was able to leap the senior-most creditor and in the process make a mockery of longstanding US bankruptcy law…capitalists have no choice but to sit up and take notice,” said the cowering Eric “

wonder what the law firm that did the deal is thinking right now. ouch

By: BearCountry

BearCountry — Mon, 25 May 2009 02:21:08 +0000

I’m probably EPUed at this point, but I didn’t say that Jane doesn’t have a sense of humor or isn’t diplomatic. What I intended to be understood is that she knows what she is talking about, won’t waste any time talking about silly OT points, and will not hesitate to ask the questions or make the statements that need to be made. She would do it pleasantly, but she would not let slide the erroneous or lying comments by guests.

By: PJEvans

PJEvans — Mon, 25 May 2009 01:11:15 +0000

Really? You write about business Pete? For a living and everything?

From what I’ve seen of Forbes in the last ten years or so, it’s another part of the GOP propaganda machine. Reporting, not so much. (One of my friends signed up for a free subscription from Forbes, and after a few issues started tossing them out before reading.)

By: ThingsComeUndone

ThingsComeUndone — Mon, 25 May 2009 01:02:40 +0000

Blue Dog, Republican whats the difference? Oh wait the GOP seems to be going more right.

By: earlofhuntingdon

earlofhuntingdon — Mon, 25 May 2009 00:50:16 +0000

Thanks, again, Jane. “Follow the money” where it really goes – not where spin managers and their self-serving statements say it goes – is always a smart thing for a journalist to do.

For a government so desperate for cash, it seems strange that one of its first steps wasn’t to plug tax loopholes, such as the absurd hedge fund manager tax loophole that permits them a low capital gains rate for income that carries no personal risk. It’s compensation and should be taxed like it. The difference would more than double the paltry tax paid by these supposedly inventive, but really parasitic opportunists. There’s no reason the public should subsidize them, while being burned by them.

By: bigbrother

bigbrother — Mon, 25 May 2009 00:47:59 +0000

Next presidential elction Obama is running as a republican…G)

By: bigbrother

bigbrother — Mon, 25 May 2009 00:43:17 +0000

I respectfully disagree…Jane displayed a healthy sense of humor as a MSM guest last week. She was extremely diplomatic and artful in making her case while not seemibg offensive.
She has more charm than Rachel. She has the potential to be a good trial lawyer if she wanted to get a law degree.

Getting a network that wants the facts is another stroy.

By: ThingsComeUndone

ThingsComeUndone — Mon, 25 May 2009 00:42:50 +0000

If the hedge fund managers want no exposure to unions, maybe public pension funds should stop any risky exposure to unregulated hedge funds? Especially since those hedge funds derive so many of their profits from not paying their fair share of taxes, and are lobbing heavily in opposition to President Obama’s plan to be “fiscally responsible” and plug offshore tax haven loopholes.

Is that one of their screens on how they limit investments inquiring minds want to know JUST WHY big fund performance trails the DOw and SP average. Despite hiring the brightest College Grads, having the best research and having enough pull to get inside deals.
As a lone investor I know I won’t get first crack at a hot IPO initial public offering of stock but the big guys will and despite all those advantages and the corporate welfare they suck?

By: ThingsComeUndone

ThingsComeUndone — Mon, 25 May 2009 00:31:43 +0000

Orin Kramer is also Chairman of the New Jersey State Investment Council, which is tasked with oversight of the state’s public pension system. In 2006 he successfully pushed to shift a huge chunk of the state’s $72 billion pension fund to private money managers rather than state employees. Kramer was the “prime architect of the diversification strategy” that saw union retirees pick up the tab for $115 million in Lehman Brothers losses on money invested shortly before the firm’s collapse (which the state may now sue for).

I wonder if Orin got money from the hedge funds to steer his cash there way?

By: ThingsComeUndone

ThingsComeUndone — Mon, 25 May 2009 00:29:55 +0000

Well maybe they want to divest themselves of the 78 billion dollars that public pension funds now have invested in hedge funds on behalf of unionized employees while they’re at it? You know, they’re the ones the hedge funds say got ripped off on the Chrysler deal?

Yeah we can F#$% them!