Regs to Riches

Author:
Updated:
Original:

Growing industries usually want to be left alone but lawmakers have trouble seeing other people have fun without them. Hedge funds are finding this out right now. Once these industries come to Washington, however, laissez-faire goes out the window, and public-policy profiteering takes over. Tim Carney (who is Bess Levin's brother) continues the chronicle of the hedge-fund industry’s entrance into Washington–namely, hiring away a Congressman to be their top-lobbyist.
Regulate your way to riches [Washington Examiner]

Related

(Getty Images)

Rich People Finding Ways That Tax Cut For Rich People Could Have Been A Little Better For Rich People

The hedge funds are not amused by the IRS’ distinctly un-hedge-fund-friendly read of the tax overhaul.