politics

  • kristindavis

    News

    Eliot Spitzer’s Liason To The Hooker World Announces Plan To Run For Mayor Of New York

    Earlier this month, the Times reported that Mayor Bloomberg and his advisers had been “floating the possibility of mayoral runs to at least five boldface figures,” including Chuck Schumer, Mort Zuckerman, Ed Rendell, Edward Skyler, and Hillary Clinton. Strangely left off the list? A woman who some might say is actually Hizzoner’s most worthy successor and who conveniently announced her intent to run today: Kristin Davis, the woman who once supplied Eliot Spitzer with hot young tail.

    / Jan 15, 2013 at 4:51 PM
  • There will come a time in the future when most Americans have never seen this picture. Isn’t that upsetting? Let's do our part to keep its memory alive.

    News

    Soon There Will Be Red Mutual Funds And Blue Mutual Funds

    One problem that a lot of people have noticed is that Americans do not spend enough time talking about politics. Yes, you can devote several hours a day to watching political news and forwarding political emails and signing secession petitions, but certain areas of life are not utterly infused with political rancor. Buying stocks is […]

    / Nov 14, 2012 at 5:46 PM
  • Hedge Funds

    Chuck Schumer’s Gonna Have To Do A Lot Better Than Dinner If He Wants A Piece Of Cliff Asness

    Earlier today, Politico ran a story titled “Can Chuck Schumer win back Wall St. for Democrats?” Apparently the New York Senator recently “embarked on a fence-mending campaign with senior Wall Street executives, many of whom have grown furious with the Democratic party,” in a charm offensive that has included “holding private dinners [including one put on by Pershing Square manager Bill Ackman], organizing high-end fundraisers for Democratic candidates and quietly pressing for super PAC donations.” According to Politico, “the outreach appears to be working: Hedge fund and private-equity executives have held six different fundraisers for Democratic challengers and senators at Schumer’s request, sources say.” Some financial services employees, however, are not so easy. Take Cliff Asness for example. The AQR manager happened to read the piece and here’s what he had to say about it:

    From: Cliff Asness
    Sent: Tuesday, June 19, 2012 01:08 PM
    To: AQR lieutenants, other top hedge fund managers
    Subject: Can Chuck Schumer win back Wall St. for Democrats?

    Good title question. Only if Wall Street is so f—ing stupid as to defy credulity, honor, and morality. So, yeah, probably.

    Best line: “Chuck Schumer is pro-business”. Yeah, ones that buy him off in explicit crony-capitalism, but he wants to regulate and tax to death ones that don’t. Don Corleone was also pro-business. You guys say this stuff with a straight face huh?

    C

    p.s. Sorry about the multiple emails, merging lists (though that is probably not the thing that upsets people)

    While the above response should come as a shock to exactly no one, we don’t think Schumer should give up on Asness so easily. The guy just wants to be wooed. Start with some limited edition action figures, add some $700 bottles of wine, and go from there.  You whip out a Mego Elastic Batman, he’s listening. You show up with a a matching Captain America shield tattoo but instead of on your forearm it’s on your face? He’s nominating you for President. You’re welcome.

    / Jun 19, 2012 at 4:18 PM
  • News

    Ken Griffin Would Love To Spend All His Time Figuring Out How To Keep His Funds Above Water But Someone Has To Make Sure America Stays Awesome

    “I spend way too much of my time thinking about politics these days because government is way too involved in financial markets these days,” he said in a rare interview. He later added. “Part of my sensitivity to these issues is that I now live in the middle of a hyper-regulated industry, where not only is government affecting how capital markets work, or how banks work, but (the government) is punishing savers.” The 43-year-old hedge fund manager said he has invested more time than ever before on politics since the financial crisis of 2008 nearly crippled Citadel. The firm’s two flagship funds have since recovered, surpassing their so-called highwater marks this year…”I think (the ultra-wealthy) actually have an insufficient influence,” Griffin said in an interview at Citadel’s downtown office. “Those who have enjoyed the benefits of our system more than ever now owe a duty to protect the system that has created the greatest nation on this planet.” [Chicago Tribune, related]

    / Mar 12, 2012 at 2:44 PM
  • News

    Apparently Newt Gingrich Tried A Bush-League Version Of Mitt Romney’s Carried Interest Trick

    If you’re into this sort of thing you can go read Mitt Romney’s tax returns and learn (on page 5 of the 2011 return) that he is in the “independent artists, writers, performers” business, which seems about right. (But which one?) You can also learn that he’s doing okay, financially-wise, and some more specific stuff; […]

    / Jan 24, 2012 at 6:39 PM
  • News

    Donald Trump Will Consider Running For Office ‘Again’ If The Economy Doesn’t Improve, He Can’t Execute His Vision For Jones Beach

    When Donald Trump chose not to run for President, the American people lost a lot. They lost the opportunity to hear the Don tell China, “Listen you motherfuckers, we’re going to tax you at 25 percent.” They lost the opportunity to watch a presidential candidate tell Bill Cosby to blow him. And most of all, […]

    / Aug 1, 2011 at 10:37 AM
  • News

    How Would You Like To See The Oval Office Entirely Redecorated With The Home Furnishing Offerings From Target?

    He’s already thrown his hat in the ring for a gig running Treasury Secretary but the people would like Bill Ackman to dream bigger. Washington Post readers polled yesterday said they want the Pershing Square founder to run as a third party candidate for President (his qualifications being the bank plan he wrote up in […]

    / Jul 27, 2011 at 2:24 PM
  • News

    If Chris Christie Were To Theoretically Run For President, He Could Theoretically Count On Money From Paul Tudor Jones, Stanley Druckenmiller, Et Al

    Earlier this week, Ken Langone invited 50 hedge fund managers and other financial services employees to his office. The occasion? A sit down with with Chris Christie, who the Home Depot founder apparently forced to discuss the possibility of running for president. Here’s what the New Jersey governor had to say:

    / Jul 21, 2011 at 11:43 AM
  • News

    Obama, Wall Street And The Love That Dare Not Speak Its Name

    Last Thursday evening, President Obama held a fundraiser at Daniel as part of his reelection campaign. There was Vodka Beet-Cured Hamachi with Horseradish Cream. There was Zucchini Pomponette with Fontina and Tomato Confit. There was Vanilla-Raspberry Gelée. But there was no Lloyd Blankfein and there was no Jamie Dimon, and there was no Dick Parsons. […]

    / Jun 28, 2011 at 10:55 AM
  • News

    Obama Enlists Zucchini Pomponettes In Courting Of Wall Street

    As previously mentioned, now that he’s officially running for office again, President Obama is hoping to have the same support from Wall Street he did in 2008. Some financial service employees have remained loyal, others have vowed to never trust him with their hearts again, and others still seem like they could potentially be won […]

    / Jun 24, 2011 at 10:43 AM
  • News

    Not Everyone Is Impressed With Obama’s Daniel Dinner Date

    One Democratic financier invited to this month’s dinner, who asked for anonymity because he did not want to anger the White House, said it was ironic that the same president who once criticized bankers as “fat cats” would now invite them to dine at Daniel, where the six-course tasting menu runs to $195 a person. […]

    / Jun 13, 2011 at 4:20 PM
  • News

    Obama Putting The Moves On Wall Street

    As you may have heard, President Obama will be running for office again. In 2008, he had a whole bunch of support from Wall Street, including JPMorgan CEO Jamie Dimon and a bunch of whole hedge fund managers. Things got slightly tense in the last few years and while some financiers vowed to never, ever […]

    / Jun 13, 2011 at 9:44 AM
  • News

    Republican Presidential Candidate Tim Pawlenty Would Tell Wall Street “Get Your Snout Out Of The Trough Just Like Everyone Else,” Thinks Ben Bernanke Not Only Came Up With The Nickname Helicopter Ben But Refers To Himself As That

    Two comments from TP on Bloomberg earlier today: 1) “[The message] would be, ‘Get your snout out of the trough just like everybody else.’ If I am president, we will not have any more bailouts, carveouts, handouts or special deals. We will reduce the corporate tax rate from 35% to 15%. We will get rid […]

    / Jun 8, 2011 at 6:37 PM
  • News

    Ken Griffin On Why The Democrats Have Lost The Love Of (Some) Hedge Fund Managers

    “Let’s go back to 2008, because it’s important to understand the past to understand the present.”

    / May 13, 2011 at 1:07 PM
  • News

    James Gorman Invites Morgan Stanley Employees To Help Educate, Elect Politicians Who Support The Bank’s Business Objectives

    Email to all staff from the Morgan Stanley CEO sent today: By law corporations cannot contribute directly to candidates for federal office. However, we are permitted to maintain a political action committee, MSPAC, which pools together employee contributions to support candidates. By banding together to participate in the political process, we can educate lawmakers as […]

    / Mar 3, 2011 at 1:12 PM
  • News

    Bill Clinton Thinks Jamie Dimon Should Get Into Politics

    “If he decides to get out of banking, I think he would be really good in politics,” Bubba told Reuters (in perhaps the first ever profile to be somewhat critical of the JPMorgan CEO).

    / Feb 4, 2011 at 10:45 AM
  • News

    Ashley Dupré Backs Andrew Cuomo For Governor

    “He seems like the right choice for New York,” she said last night at 1Oak. [Daily Intel]

    / Oct 13, 2010 at 3:15 PM
  • News

    Jimmy Cayne Pleased To Hear Word Of Ex-Bear Co-President Warren Spector’s Possible Love Of Obama/Dudes

    As you may have heard, Charlie Gasparino’s latest book is out October 5. It’s called “Bought And Paid For: The Unholy Alliance Between Barack Obama and Wall Street.” As you may have also heard, Jimmy Cayne is a major fan of describing every one of his opponents as a homosexual. The former Bear Stearns CEO […]

    / Sep 17, 2010 at 2:40 PM
  • News

    Paul Krugman: Dan Loeb & Co Are Mad At Obama Because They’re A Bunch Of Petty Little Rich Boys

    Last Friday, Third Point founder Dan Loeb released his latest quarterly letter, in which the Third Point founder redirects the feelings he once had for Ken Griffin on the current administration. Paul Krugman read it and he’s pretty sure he knows why Loeb and, for that matter, all the other financial services employees who donated […]

    / Aug 31, 2010 at 1:45 PM
  • News

    Steve Cohen Talks GOP Strategizing Over Chips ‘N Dip

    This is the moment we’ve been waiting for. The Big Guy is running for office. No, just fucking with you (for now…). The SAC Capital founder just had some buddies over the other nights- among them, Caxton Associates’ Bruce Kovner, Elliot’s Paul Singer, Daniel Senor of Rosemont Capital and “various GOP operatives”- to discuss “how […]

    / Aug 27, 2010 at 11:20 AM
  • News

    Obama Really Giving It To Wall Street

    So Obama and Wall Street, who once had a love that not only did not dare not speak its name but rather shouted it from the roof of the NYSE and decided one night to get each others’ initials tattooed to their asses, apparently now “hate” each other. Supposedly the President doesn’t think Wall Street […]

    / Jul 21, 2010 at 3:57 PM
  • News

    Mary Schapiro is Pissed About Suggestions the Goldman Charges Were Politically Motivated

    “The SEC is an independent law enforcement agency. We do not coordinate our enforcement actions with the White House, Congress or political committees. We do not time our cases around political events or the legislative calendar. “The fact is that regulatory reform has been pending for over a year. We have brought many cases related […]

    / Apr 22, 2010 at 10:00 AM
  • News

    Dick Bove On ‘Venezuelan Style Democracy’

    I’m not sure what Bove’s been on this weekend, but it looks like something good. The Rochdale analyst, in a rage and megalomania-infused report released today, predicts a new huge market crash if politicos don’t put their shit together, and soon. On the Democratic side, there’s a “Venezuelan Style Democracy.” Hugo Chavez maintains himself in […]

    / Jan 25, 2010 at 12:40 PM
  • politics, polls

    Mortgage Checks Won’t Be The Only Thing Bouncing This Month

    Over the next few months, the media will be talking about presidential polls taken nationwide. Most of the polls you hear about are done nationwide and assume we Americans for our president the way the French vote for theirs (and may the Lord bless and keep Nicholas Sarkozy): that is, by popular vote. Some of […]

    / Aug 15, 2008 at 2:38 PM
  • News

    Hillary Clinton Doesn’t Think You Are Doing Real Work

    ABC news is reporting that Hillary Clinton took a swipe at her daughter’s profession yesterday during a campaign stop in Ohio, suggesting wealthy investment bankers and hedge fund managers on Wall Street aren’t doing real ‘work.’ Now being the First Lady for eight years and a Senator from a state in which you’ve never lived, […]

    / Feb 20, 2008 at 10:10 AM

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