Posted on 08/31/2010 6:28:37 AM PDT by facedodge
A letter from a hedge fund manager to his investors about Washington’s policies is stirring up controversy on a sensitive topic among the moneyed elite, The New York Times’s Andrew Ross Sorkin writes in his latest DealBook column.
The poison pen of Daniel S. Loeb took a jab recently at one of his former allies, the Obama administration, deploring the redistribution of resources and power that Wall Street has come to fear with the passage of the financial regulation overhaul.
Some say that they knew Obama would seek higher taxes and tighter regulation; that was O.K. What they say they did not realize was that they were going to be painted as villains. And as they grow to distrust government, they threaten to cut off investment in the United States.
(Excerpt) Read more at dealbook.blogs.nytimes.com ...
“What’s good fo Goldman Sachs is good for America”
“What’s good for Goldman Sachs is good for America”
They aren’t deserting him. They have finished with him,,, He came through with the bank bailouts just as he was supposed to. He has enacted their entire Wall Street agenda,,, now with their losses covered,, they are ready for another boom cycle,, all they need is their boy to be replaced.
I love this concept that Wall steet is somehow conservative. Their stock in trade is finding ways to tap into the treasury. GE with the wind turbine scam, Cap and Trade, driving national oil policy to fuel their speculation schemes,, ethanol, etc,,are all examples.
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