Just when things were looking up in the fiscal cliff talks, this happens: Read more »
President Obama
Leon Cooperman’s Beef With President Obama Involves An Unsolicited Copy Of His 14 Year-Old Granddaughter’s Self-Published Memoirs And Not One Handwritten Thank-You Note In Return
By Bess Levin
Last November, hedge fund manager Leon Cooperman penned an “Open Letter To The President Of The United States of America,” in which he detailed the many ways Barack Obama was pissing him off. The Omega Advisors founder accused the President (and his “minions”) of engaging in class warfare, expressed disbelief that he could attack “capitalists who…fill store shelves at Christmas” and still sleep at night, and advised Obama to “eschew the polarizing vernacular of political militancy,” lest he lose Cooperman’s vote the next year. While LC says that he received a major outpouring of support for his words (“[he] keeps a bulging manila folder of congratulatory notes in his office”), others were less than pleased at what they saw as a guy who has actually done pretty okay under Obama lashing out because his feelings were hurt on the occasions the president was perceived to have a “tone” in his voice when discussing the mega-wealthy (“If I knew where you lived, I’d put a bomb in your car,” one person wrote Cooperman to say).
Similarly, Cooperman’s suggestion, made publicly several times, that America should be worried about the startling parallels between Obama’s rise to power and that of Adolf Hitler,* was met with mixed reviews, including one by his wife in which she called him a “schmuck.”
And while some** have found it preposterous that Cooperman would paint himself as a victim of Obama, their astonishment speaks to not knowing the whole story, i.e. exactly what this man- no, this monster- did to Leon, and why he is not fit to be President of the United States of America. Read more »
By the time that Obama ran for President, in 2008, his relations with the financial industry had grown warmer, and he attracted more donations from Wall Street leaders than John McCain, his Republican opponent, did. Yet this good feeling did not last, despite the government’s bailout of the banking sector. Many financial titans felt that the President’s attitude toward the “one per cent” was insufficiently admiring, even hostile…When George Soros wanted to meet with Obama in Washington to discuss global economic problems, Obama’s staff failed to respond. Eventually, they arranged not a White House interview but, rather, a low-profile, private meeting in New York, when the President was in town for other business. Soros found this back-door treatment confounding. “He feels hurt,” a Democratic donor says. “They pissed on him,” a confidant says. “He didn’t want a fucking thing! He didn’t want a state dinner, or a White House party—he just wanted to be taken seriously.” [New Yorker]
Earlier this month, the Journal explored the difficulty MF Global customers have encountered in attempting to get their “missing” money back, after the firm went down for the dirt nap last October. One woman who can relate all too well? Barack Obama AKA Angela Dozier-Carter, who is owed $150 trillion and then some, of which she hasn’t seen a dime. Read more »
From the front lines: Read more »
Remember, back in June, when Tim Geithner said he was considering retiring from his post at the Treasury after the debt deal passed, telling friends that he was tired, needed a break and wanted to put family first (his wife and son live in Westchester, where the latter is finishing high school)? And the White House was all, “good one, buddy!” and “joked” about forcing him to wear an ankle monitoring bracelet before making clear in no uncertain terms that TG wasn’t going anywhere? Apparently Tim doesn’t. Which would explain the laughable statement he made earlier today, vis-à-vis being allowed to go home any time soon: Read more »
…and has issued a missive of her own in response to the hedge fund manger’s open letter to President Obama:
Read more »
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. Some people interpreted the lack of JD and LB and other banking chiefs as indication that Wall Street is done with Barack Obama. Sure, he still has some big names backing him (like Daniel attendees Marc Lasry, Robert Wolf and Mark Gallogly) but the absence of Lloyd and Jamie, who, ironically, Obama was once so close with that his pet name for was “zucchini pompette,” seemed to suggest a broader trend and evidence that the rumors Wall Street had “abandoned” Mr. President were true. And while some big names, like Dan Loeb and Steve Cohen, who previously backed Obama in ’08 have made no secret about dropping him (and over the weekend likely inspired others to join them), others apparently continue to support BO. They just don’t want anyone to know about it.
Behind the scenes, it seems that many bankers are not running away from the president as quickly as some might suspect. While many of the biggest name financiers feel that they can’t publicly support Mr. Obama through campaign contributions the way they did in 2008 — “it would be bad for business,” one brand-name chief executive of a major bank acknowledged — some still plan to vote for him.
Which normally would’ve stung but this time around is all well and good with the President and his team, ’cause it goes the same way. They don’t want anyone to know about Obama’s relationship with Lloyd, Jamie, et al either. They don’t even want to risk Obama being tagged in a picture with LB, for fear of the message it might send. Read more »
The president is set to share his thoughts on Detroit’s big day at 4:15. What do we think he’ll say? Will he urge everyone to go out and buy a Yukon Denali Hybrid? Will he call out UBS by name? Will he mention today’s winner of Call The (GM) Close (who should email me to redeem his/her prize)?
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
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In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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1. She Isn’t Certified
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