For Clintons, a Hedge Fund in the Family

[En Garde]

'...being part of the Clinton family has provided Mr. Mezvinsky with another perk: access to wealthy investors with ties to the Clintons.

When Mr. Mezvinsky and his partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times. Tens of millions of dollars raised by Eaglevale can be attributed to investors with some relationship or link to the Clintons...


Mr. Lasry, a co-founder of the big hedge fund Avenue Capital and a longtime friend and financial backer of both the former president and Mrs. Clinton, said he invested $1 million in Eaglevale. In an interview in his Park Avenue office, adorned with many photos of him with the former president, he said that he recommended that his relative by marriage, Craig Effron, another hedge fund manager, also invest in the fund.

“I gave them money because I thought they would make me money,” said Mr. Lasry, whose $13 billion firm was one of the first places Chelsea worked after graduating from Stanford.'

http://www.nytimes.com/2015/03/23/business/dealbook/for-clintons-a-hedge-fund-in-the-family.html

-----------

Yet Hillary won't support a $15 minimum wage hike. Shades of Mitt Romney...

[onehandle]

1. Bits and pieces of a NY Times article from March, that has been posted here many times...

...and no link to that months old article.

[En Garde]

2. Given the news that hedge fund titans prefer Hillary to any Republican, this March 2015 NYT story...

.... is relevant. They clearly know who will be good for their bottom line. In 2012, they sided with Romney over Obama. No wonder she is against restoring Glass-Steagall.

[InAbLuEsTaTe]

6. Is anyone surprised by this?

[JaneyVee]

12. Historically, stocks perform better under Democrats.

[En Garde]

14. Is that why Wall Street has been so hostile to President Obama and supported Romney overwhelmingly ?

[HassleCat]

3. Maybe she will

The Clinton campaign says it's mere coincidence that they're talking about issues such as income equality. As Clinton's associations with wealthy investors come to light, she may feel she and her friends have enough money, and it's time to pay attention to the working class.

[tularetom]

4. Yes, and maybe

It's not possible for her and her friends to have enough money.

[HassleCat]

5. Friends, specifically

There are a few, very few, wealthy people who propose raising taxes on high income earners. Walt Disney's niece wrote a nice op-ed a few years ago, explaining how rich people did not "build that" by themselves to borrow phrase from the president. IN fact, maybe I'll go look for it and post it. Anyway, some of Clinton's wealthy friends may of this sort, although I expect most are, as you say, just interested in getting more money.

[En Garde]

7. Is that why she refuses to support raising the minimum wage to $15/ hour?

[HassleCat]

8. With some pressure, she may come around

Of course, she will never admit that pressure comes from Sanders, even though it's pretty obvious. Instead, she will cite the party's history of affiliation with unions, working class Americans, etc.

[En Garde]

9. Why does she, who charges $250,000 per speech plus private jet & 5 star hotel, need to be pressured?

Especially since she allegedly is so concerned about income inequality?

[HassleCat]

20. I don't know

We tend to equate a luxurious lifestyle with disregard for the concerns of working people. That's probably a fair assumption but it is an assumption, so there may be exceptions. I think FDR was a good example of an exception. He was from a wealthy family, but loved by the working people. Hillary Clinton could be such a person.

[En Garde]

27. I am not interested in gauzy supposition.

[HassleCat]

32. It's gauzy ignorance

I don't know if she is a typical rich person or not. I'm not too concerned right now, because I support Sanders, and I'm very confident he's not the typical guy who pals around with wealthy donors. As far as Clinton, I guess I'll fall off that bridge when I come to it. If I come to it.

[AtomicKitten]

10. High stakes grifting.

[En Garde]

35. Good description.

[JaneyVee]

11. Please, keep demonizing the rich.

[En Garde]

13. Nice right wing talking point ya got there...

[Evergreen Emerald]

15. So...now is it ok to attack family members of candidates?

Just making sure.

[En Garde]

16. Write a letter to the NYT editor.

[Evergreen Emerald]

17. No. I am talking about DU

Welcome to DU.

[En Garde]

22. I only report the facts which inform why Hillary is against restoring Glass-Steagall.

Mustn't hurt the bottom line of friends and family. After all, she is the choice of Wall Street hedge fund titans for good reason. They trust her to keep them safe from further onerous regulation.

[artislife]

18. Chelsea chose her profession as an adult.

It isn't like they are attacking her for being female...

[Evergreen Emerald]

19. So, we can attack Bernie Sander's wife?

[artislife]

21. If you must.

If she does something you do not agree with and she was an adult, then yes you can.

[Evergreen Emerald]

23. The common decency we have tried to abide by in the past has now been usurped

by Bernie supporters who now believe everything is fair game.

[En Garde]

24. What common decency? PUMAs trashed the Obamas mercilessly "in the past".

[Evergreen Emerald]

26. No one on DU trashed his family.

There was a line we would not cross.

[En Garde]

29. PUMAs were absolutely awful everywhere. I highly doubt DU was a bastion of highminded rhetoric.

[Evergreen Emerald]

30. I don't know what a PUMA is...it sounds like a slur.

I have not seen one Clinton supporter attack Obama's family.

[En Garde]

34. Spare me.

[artislife]

25. Clutching your pearls?

Wow...no one should have said anything about Barbara Bush and her remarks about the Katrina displaced in the the stadium.

Is that what you are saying?
I didn't really like the word you used, "attacked" but I do say that everyone who is an adult is not above reproach.

Theoretically, if a candidate's spouse said they were against vaccines. No one in good conscience should voice an opinion counter to that?

They are not royalty.

Chelsea made a career choice. She married her spouse by her own accord. Unless there was an arrangement I am not aware of. /snark

Both choices are at odds with people who think part of the economic collapse in this century was partially caused by this profession. People are going to have opinions.

This tactic of taking what one person says and smearing across all the people in that group reminds me of how my Latino family is viewed by many in this country. I would really like it if you thought about this for even 2 seconds.

[Evergreen Emerald]

28. What I am saying is that DU

Sanders supporters have been rabid in their attacks on Clinton. And apparently, there is no line they will not cross, even if it means going after Hillary's family.

Have a good night. I am going to go polish my pearls. You may want to clean your shoes.

[artislife]

31. Good night.

[En Garde]

33. Nonsense. The OP is made up entirely of facts from a quite enlightening NYT article.

Must have hit a nerve, eh?