Comments on: Hedge Fund Manager Responds to Barack’s Bullying

By: Braden K.

Braden K. — Wed, 13 May 2009 08:56:37 +0000

Cliff Asness has decided to break rank despite of people in the financial industry have been keeping mum lately. Cliff Asness, from AQR Capital, let President Obama have it, after the chief executive announced his discontentment of how hedge funds were held back from investing in Chryller LLC and with their restructing deal, while their bankruptcy negotiations were ongoing. According to Asness, the hedge funds manager has the responsibility to their clients, and granting debt relief to a company in bankruptcy isn’t among them. Which means, that he doesn’t have to invest nor participate in any deal he doesn’t think will make his clients money, and keep clients out of wanting short term loans is what Cliff Asness does for a living. For further reading click: http://personalmoneystore.com/moneyblog/2009/05/06/cliff-asness-obama-chrysler/

By: EWard

EWard — Wed, 06 May 2009 21:09:51 +0000

artistmate

I rather support the Hedge Fund Managers than Barack “Mugabe” Obama.

By: ziggy

ziggy — Wed, 06 May 2009 17:53:12 +0000

“Let’s just let the ships hit the rocks and break up, because we’ll likely do much better picking through the wreckage than we’d do if the ships were saved.”

Isn’t that what they’re really saying here?

By: artistmate

artistmate — Wed, 06 May 2009 16:53:44 +0000

Man, you guys are really off the deep end since the election. Imagine, supporting hedge funds. The new age carpetbaggers.

By: ExcellentOutcome

ExcellentOutcome — Wed, 06 May 2009 15:47:28 +0000

Whoever you’re having this argument with, it’s not me.

By: jbjd

jbjd — Wed, 06 May 2009 15:44:56 +0000

FranSC, generally, I stay out of BO’s head; focusing the struggle to fix things on us. But on occasion, I have thought about what must go on inside the man’s head. And I absolutely agree with your comment that, he is afraid. Did you see the seething anger on his face when the teleprompter was out of sync? That’s the visible expression of a deep seated fear that at any second, he will be exposed as the vacuous con man he knows himself to be.

By: mountainaires

mountainaires — Wed, 06 May 2009 14:49:48 +0000

Good one, LD, thanks….Appealing to populist emotion, using hot-button phrases, to demonize big money [hedge funds] is an old trick, an ancient political tactic. And, pathetically, people still fall for it, if they’re predisposed to think of Obama as credible. Just like people fell for Bush’s lies about Hussein and Iraq, because they were predisposed to believe that lie after 9/11.

Thankfully, we now have a real “Fourth Estate” in the internet, since the “mainstream media” [largely cable news] has largely failed us. The competition from the internet is motivating better reporting, at least in print media on some of these issues.

I’m pretty disgusted by Obama’s tactics but I’m not surprised. I knew from the get-go that this man was a liar, whose training in the Chicago Way didn’t bode well for our republic. I can’t believe, after having to wait for six years for Americans to wake up to Bush, I now will have to wait again for those same dupes to wake up to Obama.

By: DAB

DAB — Wed, 06 May 2009 14:40:48 +0000

Remember his “If they bring a knife, we’ll bring a gun” comment? Too bad that so many people are fooled by this poseur.

By: Murray

Murray — Wed, 06 May 2009 14:04:37 +0000

I agree, Mel. This Fiat affiliation with Libya’s Khadafi (controlling 10% shareholder) is of major concern.

By: churl

churl — Wed, 06 May 2009 13:46:30 +0000

Thanks for articulating that queasy feeling I got reading this post. I despise Obama and his crew, but attacking unions and justifying greed gives him more power, not less. I don’t trust what hedge fund managers, CEO’s in general, and HMO’s in particular have to say about anything. Sky is blue? I’ll look.

By: RSS agregator » Blog Archive » The "Madman theory of the presidency"; obama admin at war w Amerikkka & Free Mkts

Wed, 06 May 2009 13:05:32 +0000

[...] today, No Quarter published an open letter from hedge fund manager, Clifford S. Asness. The key graphs: The President [...]

By: jbjd

jbjd — Wed, 06 May 2009 11:22:58 +0000

That’s what I was thinking.

By: jbjd

jbjd — Wed, 06 May 2009 11:16:05 +0000

Point taken.

By: jbjd

jbjd — Wed, 06 May 2009 11:00:23 +0000

Geesh! Now I have to learn about hedge funds! (I’m only halfway through Paul Krugman’s book…)

By: Topics about Lenders » Hedge Fund Manager Responds to Barack’s Bullying

Topics about Lenders » Hedge Fund Manager Responds to Barack’s Bullying — Wed, 06 May 2009 09:00:19 +0000

[...] Help The Middle Class put an intriguing blog post on Hedge Fund Manager Responds to Barackâ [...]