Skip to comments.Why Would Matt Bevin Tell His Investors Something He Didn't Believe? | National Review Online
Posted on 02/11/2014 12:14:43 PM PST by FreeAtlanta
As Ramesh points out below, Kentucky Senate candidate Matt Bevin's campaign is claiming that he has consistently opposed the Troubled Asset Relief Program, drawing a contrast with Mitch McConnell, who has defended his role in passing the emergency bailout legislation. This is despite the fact that, as president of an investment firm in 2008, he signed a letter along with the firm's chief investment officer that says the following:
Most of the positive developments have been government led, such as the effective nationalization of Fannie Mae and Freddie Mac, the passage of the $700 billion TARP (don't call it a bailout) and the Federal Reserve's intention to invest in commercial paper. These moves should help to stabilize asset prices and help to ease liquidity constraints in the financial system. The government actions to date have been reasonably swift and substantial. The Federal Reserve seems to understand the magnitude of the problem and the underlying issues involved.
Bevin told The Blaze that he "didn't actually write the letter." ....
Article Link: Why Would Matt Bevin Tell His Investors Something He Didn't Believe? | National Review Online (http://www.nationalreview.com/corner/370838/why-would-matt-bevin-tell-his-investors-something-he-didnt-believe-patrick-brennan)
The article is a hit piece. At least they had the integrity to admit that the didn't write the letter. Still the intent is obvious and the fear can be smelled and felt.
So National Review is the hit man for the GOPe. Just wanted to clear that up.
The Nobles are in panic and William Wallace is wearing a Matt Bevin 2014 T-shirt. “Are you ready for a war”?
He was on G. Beck radio this morning.
His answer was clear, simple, made sense, and was unrehearsed.
GOPe is terrified of this man.
I only wish I could vote for him myself.
OK just how many KY Voters read “National Review”?
McConnell is calling in favors, getting his people to get dirty on Bevin. Hopefully, Kentucky responds the way Texas did when Dewhurst took this route against Cruz.
Support Matt Bevin to oust Mitch McConnell in KY
YUP....the elitists are OUTTING themselves....
Hit piece, yes.
What we are seeing is simple:
1. The President of the firm knew that something was wrong with TARP.
2. The Investment Exec. was “on board” with the Federal solution.
3. The President was barred by Fed Regulations from speaking his mind and was, in fact, compelled by law to sign his name to a document he disagreed with and was prevented by law from saying so.
What we see here is why Fed regulations are so evil and stupid.
Exactly. Flop Sweat by Mitch.
They were for “President Giuliani” quite early; and yes, they have been regular backers of GOP-E candidates for a long time. Romney was their choice in 2012.
This is a Republic not an aristocracy Mcconnell isn’t senator for life.
From the Bevin/Beck interview...
I was not the investment guy, he said, I never bought and sold the securities. So it would have been inappropriate and probably illegal, frankly, for me to have changed the investing commentary written by the sub-adviser the fund who was responsible for that.
I had a fiduciary responsibility as the chairman of this fund company to make sure that I was not perceived in any way, shape or form as having commentary on buy and sell decisions, he said. That was the responsibility of the adviser to the fund. And for me to have meddled in that would have been highly, highly inappropriate and all of these various SarbanesOxley rules among others would have been very much in my grill had I attempted to rewrite or meddle or make the thinking of the actual fund manager that of my own.
I thought I heard that Pollutico was the designated media recipient, which would make NRO a satellite hit man.
In any event, Mitch McConnell apparently doesn't relize that he decisively holed his own hull when he launched a torpedo at Ted Cruz and Mike Lee, and he is now doubling down on his nastiness.
Excellent explanation by Bevins, and it comes across clearly as such with no hint of it being a convienient excuse. Not only that it sheds a nice light onto the complexities and burdens created by government overregulation.
But it highlights the challenge with this sort of thing: will the average voter (particularly in the general election) be able to really understand it.
“I only wish I could vote for him myself.”
Does not mean you can’t go to his website and donate a few bucks...I did and I can’t vote for him either.
Bwahahahahaha... I LOL’ed.
The Empire Strikes Back.