A Hero Speaks Up for Hedge Funds
EXCERPT: "One businessman has finally said NO. Cliff Asness, hedge fund manager at AQR Capital Management, has declared in an open letter that he is “entitled to [his] voice and to speak it loudly.” Despite intimidation from the Obama administration and the general public, he has refused to “intentionally ’sacrifice’” his clients’ money without their permission.
A particularly good line from Asness’s letter:
“The President’s attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him. Why is he not calling on his party to “sacrifice” some campaign contributions, and votes, for the greater good? Shaking down lenders for the benefit of political donors is recycled corruption and abuse of power.”
He concludes: “I am ready for my “personalized” tax rate now.”"
Friday Hodgepodge - *Three Things* *1*. Both the *Daily Caller* and the blog *Dollars and Crosses* report that yet another climate hysteria monger has refused to debate best-s...
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