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Hedge Fund Lawyer Takes Aim At Congress (Dem-turned-Republican after Kanjorski seat)
FINalternatives ^ | 11/27/09

Posted on 11/27/2009 12:19:08 PM PST by Born Conservative

A former New York hedge fund executive is running for Congress against banking bête noir Rep. Paul Kanjorski (D-Pa.). As a Republican. From Kanjorski’s left.

Christopher Paige said his opposition to the massive bank bailouts motivated his decision to run in the northeastern Pennsylvania district. But when talking about the bailout, Paige sounds more like the lifelong Democrat that he was rather than the newly-registered Republican he became to run for the seat, which Kanjorski has held for 13 terms.

“‘Too big to fail’ should be ‘too big to exist,’” Paige told Reuters. He said he wants to strengthen anti-trust laws to allow for the breakup of giant financial firms and wants to bring back the Glass-Steagall Act, the Depression-era law separating consumer and investment banking that was repealed 10 years ago.

Paige has spent the last three years working as general counsel for Paige Capital Management, a hedge fund headed by his wife and sister-in-law.

Pennsylvania’s 11th congressional district covers the Poconos region as well as the blue-collar city of Scranton. The area has been a safe Democratic seat for decades—it has been held by a Republican for just two of the past 55 years—but Kanjorski nearly lost the seat in last year’s election.

Kanjorski is one of the highest-profile lawmakers on financial regulation, chairing the House of Representatives’ subcommittee on financial markets. Earlier this month, he unveiled his own plan to allow the preemptive breakup of large financial firms.


TOPICS: Extended News; Politics/Elections; US: Pennsylvania
KEYWORDS: christopherpaige; kanjorski; pa11; pa2010

1 posted on 11/27/2009 12:19:13 PM PST by Born Conservative
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To: Tribune7

Ping


2 posted on 11/27/2009 12:19:46 PM PST by Born Conservative ("I'm a fan of disruptors" - Nancy Pelosi)
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To: Born Conservative
“‘Too big to fail’ should be ‘too big to exist,’” Paige told Reuters.

I agree - if he's talking about government. :)

3 posted on 11/27/2009 12:21:49 PM PST by Mr. Jeeves ("If you cannot pick it up and run with it, you don't really own it." -- Robert Heinlein)
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To: Born Conservative

I don’t buy this. We will choose our own, thank you.


4 posted on 11/27/2009 12:35:44 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: freekitty

I hope Lou Barletta enters the race again. If he does (and it’s looking like that will be very likely), then Paige is toast before he even starts.


5 posted on 11/27/2009 12:37:36 PM PST by Born Conservative ("I'm a fan of disruptors" - Nancy Pelosi)
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To: Born Conservative

Barletta will kick Kanjorski’s ass.


6 posted on 11/27/2009 12:38:48 PM PST by Renegade (You go tell my buddies)
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To: Renegade

Absolutely!


7 posted on 11/27/2009 12:41:44 PM PST by Born Conservative ("I'm a fan of disruptors" - Nancy Pelosi)
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To: Born Conservative

Lou is running again. I received a contribution request from him.


8 posted on 11/27/2009 1:04:44 PM PST by kabar
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To: Born Conservative

Lou is running again. I received a contribution request from him.


9 posted on 11/27/2009 1:11:35 PM PST by kabar
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To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ...
After Lou beats Paige, will Paige support him? I don't think it will matter this time.
10 posted on 11/27/2009 1:26:22 PM PST by Tribune7 (God bless Carrie Prejean)
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To: Born Conservative

How about finding somebody to throw out the odious Patrick Murphy? That would be a real score!


11 posted on 11/27/2009 3:28:44 PM PST by MSF BU (++)
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To: Renegade
Barletta will kick Kanjorski’s ass.

As long as we can keep Acorn and the Pennsy Teachers Unions out of their vote-stealing activities!

12 posted on 11/27/2009 7:49:07 PM PST by brityank (The more I learn about the Constitution, the more I realise this Government is UNconstitutional !! )
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To: brityank

High unemployment and the tanking economy might push Barletta over the top this time round .


13 posted on 11/28/2009 3:38:57 AM PST by Renegade (You go tell my buddies)
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