Billionaire hedge fund manager Leon Cooperman was on Squawk Box this morning discussing a whole mess of issues, including a recent pledge to give away nearly all his money to charity. Cooperman has signed on to the Buffett/Gates initiative to donate half his wealth but today he told CNBC, “Every dollar I make, I’ll give it away because what I’ve planned to leave to my children, that’s already been set.”
Cooperman went on to start explaining that he just feels like this is “the right thing to do” and helping those less fortunate is what he and his wife “get the most enjoyment out of.” But Joe Kernen knew in his heart of hearts there was another reason.
There’d been something emotional stirring in him the entire interview and at this moment he had to interject or he was just going to explode. “Did it have anything to do,” Kernen asked, his voice shaking, “…did it have anything to do, philosophically…” [long pause in which JK lets out a sort of 'laughing but want to be crying' sound], “…with not wanting to give it to the government, where 90 percent just goes through the cracks?”
This was when Cooperman was supposed to respond, “I really don’t WANT to give my loot away to charity, but if it means keeping as much of it from the grubby paws of the federal government as is possible, I will do ANY FUCKING THING.” But, god damn the old man to hell, he fucked up the bit and just sort of stared at Kernen looking confused and a bit weirded out, completely screwing up the set up for JK to flash the “I need a minute” sign and turn his head away from the camera, as salty tears fell across his face.
Damn, son. Me thinks you should check yo sack cuz you be missin two ballz….Booyakasha!
Q: You know what chokes up DK?
A: A mauve rhinestone leash – and he has no aversion to grubby paws.
Kernan is outraged!! Outraged, I say,…..that the people who have created him have been totally exonerated!!
Ahem, giving all your money away is still capitalism. You’re still allocating capital as YOU see fit. That, sir, is not socialism. Socialism is when other’s have more power in the management of your assets than you do.
There is no crying in business news television!!!!!!!
-Jimmy Swaggart
I hate when my tax dollars go to fund police and fire departments, and to water treatment and education and libraries. F*ck all that…the billionaires should decide where the money goes.
http://proposition13.blogspot.com/2010/10/avenda-systems-unknown-territory.html
I’d like to make a generous donation to your center.
All the starving and sick children in the world couldn’t agree more with Mathman in that it’s more important for one person to decide who lives and dies than for many to do so with their fancy aid stations, medicines and mission trips bringing nourishment to the masses. I have forwarded Mathman’s comments on to God via a prayer for His review.
When I was at CNBC, I went 90 percent through Kernen’s crack. True story.
@batboy4
Such a small amount of our taxes go to programs that the general public benefits from its laughable. If you want to give your extra cash to the gov’t they do take donations…
Its true. I was there. I was hiding in the laundry bin with the dirty jock straps waiting for Charlie to give me a good rodgering.
Joe Kernen has a primal hunger in his eyes…Like every waking moment he spends alive without Cooperman’s dick stabbing the back of his throat is an eternity of agony
And give them pensions to retire at 42 with more than they earned in salary their last year.
We are being ripped off and the public is tired of it.
Are you implying the government is “very good” or “excellent” at allocating capital to the less-fortunate masses? I submit that that is clownshoes.
Umm… last time I checked missionnaries were not funded by the United States Government.
Dey turk our jobs?
Were there 2 parties to the signed agreement?
That is neither the definition of capitalism nor socialism.
This reminds me of when Tiger Woods apologized to everyone and Kudlow got all choked up at the idea of Tiger going to a 12-step program for his addiction.
No pay, no spray: Firefighters let home burn
Tennessee house in ashes after homeowner ‘forgot’ to pay $75 fee
http://www.msnbc.msn.com/id/39516346/ns/us_news-life/
Government subsidizes abortion. Forward that to your “god”. Tomorrow, we drill for Unobtanium!
CNBC should hire someone like Linda Lovelace to replace Kernan as Linda was not known for choking up on camera. Yes, it’s true. Yes.
-C. Traynor
On the flip side, though, I hear Obama is a fan of the missionary postion
If churches don’t have to pay taxes, isn’t that the government funding them?
-Guy Who Got The Astrophysicist Job You Wanted
I have mathematically proven that 19% of the federal budget going to medicare is a small amount.
- Mathman Prophecy
Linda can currently be seen at the IFC theatre.
-Trench coat salesman
I was away yesterday and missed the Bess/NYO affair. Here’s my four cents: How many of you would read this site if the next-best option took her place? Assuming Breaking Media is in the business of hiring the next-best writers as contributors, that means the replacement writer would fall somewhere between Carney and Kouwe (shudder). My guess is that if Bess took an indefinite leave tomorrow, we would all start reading a lot more clusterstock (double shudder). DB is worthless without her.
Athletes and CEO’s take home enormous pay packages because they have an enormous marginal product of labor (one more game by LeBron brings in a lot of cash, same for Dimon or Lloyd showing up for work) AND because the the supply of labor for that particular role is extremely inelastic at any wage rate (try finding another LeBron). The same theory applies to Bess. One more day of posting drags a lot of high income viewers/decision-makers in, and few, if any, are a proper substitute for Bess.
That said, Bess with Jess over at NYMag would be amazing.
I was away yesterday and missed the Bess/NYO affair. Here’s my four cents: How many of you would read this site if the next-best option took her place? Assuming Breaking Media is in the business of hiring the next-best writers as contributors, that means the replacement writer would fall somewhere between Carney and Kouwe (shudder). My guess is that if Bess took an indefinite leave tomorrow, we would all start reading a lot more clusterstock (double shudder). DB is worthless without her.
Athletes and CEO’s take home enormous pay packages because they have an enormous marginal product of labor (one more game by LeBron brings in a lot of cash, same for Dimon or Lloyd showing up for work) AND because the the supply of labor for that particular role is extremely inelastic at any wage rate (try finding another LeBron). The same theory applies to Bess. One more day of posting drags a lot of high income viewers/decision-makers in, and few, if any, are a proper substitute for Bess.
That said, Bess with Jess over at NYMag would be amazing.
Government fights abortion, too, with funding for education. I’d forward that to your “god” but I don’t know who the Greek god of “dumbass” is.
JK is a stuttering prick.
I saw this, this morning… and seriously, this guy says the same crap over and over every fucking morning instead of giving me the fucking news. If I wanted to hear your fucking rehashed tea-party opinions I’d watch fbn or glen beck. Ugh. Thank god for my FT subscription.
-guy who wishes news shows actually reported news.
“Athletes and CEO’s take home enormous pay packages because they have an enormous …..marginal product of labor……”
So that’s what they call it now?
try Bloomberg
Denise the Kielbasa Queen is out of jail and doesn’t choke up on camera. She was on a popular radio host’s show a while back displaying her skill set with a fine product of Wisconsin.
Larry Kudlow: [reading] “Avoid the clap, Jeff Macke.”
Jeff Macke: Hey, that’s good advice!
Joe Kernen’s a great American.
Two “on air” business news reporters were sitting outside a clinic. One of them was crying very loudly.
Gasparino: Why are you crying?
Kernen: I came here for blood test.
Gasparino: So? Are you afraid?
Kernen: No. Not that. For the blood test, they cut my finger.
At this, Gasparino started crying. Kernen was astonished.
Kernen: Why are you crying now?
Gasparino: I have come for my urine test!
God has received your request. She has replied that thou shall only render unto Caesar that which is Caesar’s.
That, and something about you being a douchebag, but that last part wasn’t super clear – She must have been getting into an elevator or something.
Not really. Union on one side of table, union-bought politician on the other side. Writing a contract with yourself doesn’t count– ask Andrew Fastow.
Joe Kernen is weird, the reason why I don’t watch Squawk Box.There are times he acts like an immature heck. Although SBox is much better than Fox’s Imus (I question the relevance of his show in A.M),Bloomberg’s On the Loop with Betty is more informative.
Leon should donate a part of his money to fix Joe Kernen’s brain.
That would be as effective as giving it to the government.
Hah. God as a woman. I lol’d.
I mean that really sucks and it’s regrettable that their pets were in the house but c’mon. It’s $75 and this guy very obviously knew about the policy. You can’t buy what is effectively insurance once you need it and freeload otherwise.
They probably should have just charged him full cost for putting out the fire as a sort of compromise although we all know that as soon as it becomes time to pay, the contract was “signed under duress” and he’s still not paying anything. I hope he learned something.
http://www.economist.com/blogs/democracyinamerica/2010/10/taxpayer_receipt
I knew a few folks choked up over the marker episode. But this is odd.
- P. Jiang.
I was pointing out the treatment of property within the two systems.
On the flip-side, his neighbors house was damaged by the fire due to the fact that it wasn’t put out until it reached the neighbors property line, so now you’ve got the whole question of who pays for that. (though I would imagine his neighbor is SOL)
“All the starving and sick children in the world couldn’t agree more with Mathman in that it’s more important for one person to decide who lives and dies than for many to do so with their fancy aid stations”
Thanks, Always with You (aka Mr. Moore?), for concocting a teary-eyed argument that is based on nothing more than emotion.
Capitalism allows for people like you and Bill Gates, and whoever, to form charities, hospitals for the poor, etc. As is pointed out in the clip, even now with Governments taking over 1/2 of the resources of people (taxes/money printing), private enterprise is STILL the biggest source of charitable foundations, from clinics to research labs. Hello?! All socialism does is put the capital of the many in the hands of the few. I don’t see how this is a “god worthy solution” you speak. Take a look around, holmes, at all the governments that take away capital from its citizens. They wage wars, they distribute resources inefficiently, etc. America was enriched with capitalism and is now being empoverished under socalist-based principials (essentially — top down control from Government & Federal Reserve). The sad truth is, judging from the bitterness of your response, is that you probably are unemployed as a result of this central planning farce, and in response you want more government control. You remind me of the people in North Korea who are so blinded that they would die for their dear leader in spite of what he has done to his people.
LOL!!!!!!!!!
http://www.cnbc.com/id/39519500
“Blogonomics?” More like “Bessonomics.” Blogs are a commodity.
Don’t ask me.
-Andy Fastow
How’s the CFA studying going, PSF? Schweser really helps, doesn’t it?
If you want to know what God thinks about money, look at all She’s given to you.
Your comments are better in their original German.
and if you want to give it to a tribe of flagellants out of religious conviction or the schnauzer that belonged to the hooker who gave you a lap dance, we the great unwashed are constrained to applaud and murmur a heartfelt “well done, sir, well done”
Could you tell me the exact moment when you stumbled upon this socialism of which you speak? When did it begin, exactly? Was it when Obama added to the existing U.S. debt, like the foam on a beer? Was it when Obama threatened to RETURN taxes to Clinton levels for a small portion of the population? Did socialism appear with the healthcare reform that makes us still distantly less socialist than the rest of the western democratic world, what with their better health, subsidized at that? Was it the socialism of extending people’s jobless benefits? Or the socialism of helping states fund medicaid or keep teachers and cops from layoffs? Was it socialism to bail out the banks, as opposed to taking them over completely, nationalizing them, or letting cascading failures sink our system? OH crap, he saved the banking sector, the very sector you need to have a vibrant capitalism, socialist prick that. Or was it the socialism of using a large proportion of the stimulus for tax cuts? Is he socialist in the same way he is weak on terrorism (and despite the massive rise of using drones to bomb Queda directly inside of Afghanistan at levels Bush never dared)? Is he socialist like he is not a citizen? Is he socialist like he is Islamic?
I take it this creeping, menacing socialism from our Dear Leader Obama is unique, and he has done things never done before? Or did you just wake up in 2008 and think, “What the fuck, I had no idea we had a massive national debt and a black president”
Your talk of socialism is nonsense. I suppose you hoovercraft to work ala George Jetson, since you obviously can’t see the roads the government built in socialistic fashion for American industry and workers to do business on.
You mean like a dead body since 2002?
Yea not sure how interesting DB would be with Bess gone. For a while I thought it was Carney and Bess, but, well, it’s pretty much Bess. Maybe she can start her own DB knockoff, and be the NKI, by, well, killing it (DB).
Well said sir.
My sentiments exactly.
Amen.
So that’s the case? Quite a revlaeotin that is.