The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington

we knew the cronies were causing politicians to make sick policies.
I did not realize it was that sick.

100% proof we can't have congress people taking money... whether its called bribes or campaign donations. thanks for the article.

Its sickening.
 
How did you not realize it was this sick? Am I mistaken or didn't these exact scenarios play out over the past five years in various EU countries with last minute bargain basement debt purchases that were made whole with some political chicanery? The Puerto Rico "crisis" has smelled like the exact same situation.
 
I did not realize the hedge funds were driving policy decisions to this degree. I agree we saw hints of it... with Pimco talking the hell out of their book on some of those foreign debt deals... but I did not realize the extent of the lobbying.

der_kommissar said:
How did you not realize it was this sick? Am I mistaken or didn't these exact scenarios play out over the past five years in various EU countries with last minute bargain basement debt purchases that were made whole with some political chicanery? The Puerto Rico "crisis" has smelled like the exact same situation.
More...
 
Along those lines... I found it interesting that it turns out Volkswagen was lying

http://www.cnbc.com/2015/09/22/what-you-need-to-know-about-the-volkswagen-scandal.html

yet... some of the hedgefund guys were prosecuted and wiped out or close too it around the time they were shorting the hell out Volkswagen.

I suspect they had their info gathers find out that Volkswagen was going to get caught and punished for lying about emission tests... They were just going to short it into the ground but instead Germany must have gotten Obama to have the Justice dept pick on some of the hedgefund guys.

.
 
Awful, but not new. From two centuries ago powerful US business interests could lobby government to send formal military assets to protect their profits. I posted an example of that once. The list is long. In my time, from the 80s those business interests simply hired local, psuedo-military "death squads" to protect their profits. They still do that today. Now I understand even that strategy is not necessary, that if the debtors try to default and, for example, re-issue a currency, the "vultures' vultures" have the power to impede or block trade with the country's trade partners all over the world, a "starve 'em out" siege.
 
knowing that ... why do you support Crony power, policy and politicians.

We observe the same history... I conclude smaller less powerful govt and cronies... because they are so corrupt... and you support more powerful govt.

its odd... (to me anyway.)

Ricter said:
Awful, but not new. From two centuries ago powerful US business interests could lobby government to send formal military assets to protect their profits. I posted an example of that once. The list is long. In my time, from the 80s those business interests simply hired local, psuedo-military "death squads" to protect their profits. They still do that today. Now I understand even that strategy is not necessary, that if the debtors try to default and, for example, re-issue a currency, the "vultures' vultures" have the power to impede or block trade with the country's trade partners all over the world, a "starve 'em out" siege.
More...
 
whatever... I am not saying vote for Trump. I am saying cease supporting establishment crooks.

Ricter said:
As badly as things need to change I'm still not willing to put a kindergartner in charge.
More...
 
You must log in or register to reply here.
Back
Top