Something is a-foot (Re: Mercer)

[scheming daemons]

Robert Mercer just stepped down as the President of his hedge fund.

I'm guessing he is one of the 4 sealed indictments that haven't been revealed yet.


And I am guessing it is going to be opened today or tomorrow.



As usual.... remember where you read it first.





ON EDIT: Link.

https://www.wsj.com/articles/robert-mercer-resigns-from-renaissance-technologies-1509635197

[H2O Man]

1. Recommended.

I think that there will be news on Monday morning. But the period between now and then will be entertaining.

[vlyons]

2. from your lips tp god's ear

It's so clear that the republican greedy love of money is so great that they would sell out their country and easily succomb to Russian espionage.

[Orrex]

14. What does that even mean, in this context?

I've seen that subject line approximately a trillion times in the past 48 hours, and it seems like a throwaway idiom that we all agrees means something.

[leftynyc]

25. It's asking the diety

to make the news true.

[Orrex]

33. Oh.

Well, every little bit helps, I guess.

[vlyons]

43. It's an old Yiddish saying

that you want a spoken wish to go from your lips straight to god's ear. I don't believe in a god, but I do like the saying.

[sprinkleeninow]

73. I believe, I love the Yiddish, I love the saying. EOM

[MelissaB]

3. Holy shit! This is the first I've seen of this news.

Thanks!

[hlthe2b]

4. Sheesh, I missed the news about him stepping down. This COULD be BIG!

[scheming daemons]

5. Just happened.

[RandomAccess]

29. Or not

Rentech's Mercer to Resign as Co-CEO of Hedge Fund
Source: Bloomberg
Renaissance Technologies’ Robert Mercer plans to step down as co-chief executive officer effective Jan. 1, according to a letter he sent to investors in the firm’s funds.


https://www.democraticunderground.com/10141903429

[Bernardo de La Paz]

35. Good catch on the date, which runs counter to OP theory. . . . nt

[RandomAccess]

38. Yes, unfortunately

But here's an idea -- let's vote for the OP's theory

[calimary]

44. Or perhaps hes moving on to something that he would consider better?

Setting up another CON “think” tank or something? Stepping aside so he can hide behind his daughter and manipulate from an unseen and no-profile power position?

Seeing that “as of January 1” part, it suggests to me that he’s not jumping ship to try to outrun Robert Mueller or otherwise get outta Dodge. Seems to me if he thought (or got word that) he was facing trouble, he might be stepping down NOW, rather than wait til January.

[eleny]

6. wow

rec'd

[BSdetect]

7. Hope they take this nasty little shit down. .

[Brother Buzz]

8. He also sold his interest in Breitbart News to his daughters

"for personal reasons"

https://www.bloomberg.com/news/articles/2017-11-02/rentech-s-robert-mercer-to-resign-as-co-ceo-of-hedge-fund-firm

[C_U_L8R]

30. Hmmm... still in the family

Sounds like someone is preparing to have their assets seized... and maybe go to jail ???

[PatSeg]

45. Ah

Interesting perspective. If he wanted to be rid of the stench of Breitbart, you'd think he would have sold it to someone outside the family.

[MelissaB]

9. Here is Bloomberg as well.

https://www.bloomberg.com/news/articles/2017-11-02/rentech-s-robert-mercer-to-resign-as-co-ceo-of-hedge-fund-firm

[uponit7771]

10. Same day Clovis withdraws his nomination for AG Sec ... hmmmm

[maryellen99]

11. And he stopped funding Milo nt

https://www.rawstory.com/2017/11/billionaire-funder-mercer-pulls-rug-out-from-under-milo-yiannopoulos-and-severs-all-ties-with-breitbart/

[Mrs. Overall]

12. What can this mean?

Was Mercer's money laundered through some of the suspected banks as it made its way to Moscow?

[justiceischeap]

16. Yes, other than Cambridge Analytica, how is Mercer ties into Trump?

nt

[lapfog_1]

31. if Cambridge Anal

shared their voter information details with the Russians so that they could target their facebook and twitter fake ads to just a select group of voters that might be swayed into voting for Trump...

Conspiracy charges...

[louis-t]

54. Cambridge Anal-cystical.

Ah made a funny.

[FakeNoose]

68. Steve Bannon is the connection

Bannon's been Mercer's boy for way longer than he's worked with/for Trump.

[MelissaB]

32. Quick way to catch up here

https://www.reddit.com/r/TrumpInvestigation/wiki/doc#wiki_24_mercer

Make sure you read about Mercer and Cambridge Analytica.

[Mrs. Overall]

34. Great! Thank you!

[triron]

13. I knew this guy as a high school senior and in undergrad school.

He was so damn smart (in math and physics). That would be a shame.
But no one can be above the law.

[not fooled]

39. Talk about

using your powers for evil. Not just the hedge fund, but helping put an incompetent boob in the White House and working to wreck the country. He has seriously crackpot ideas and is a grade-A racist to boot:

https://www.bloomberg.com/news/articles/2017-05-08/trump-backer-mercer-sued-by-employee-fired-after-speaking-out]

[Lucky Luciano]

46. Hah! And I went to high school with his daughters.

Jenji and Bekah...didn't know heather though. They were merely middle class at the time.

[PatSeg]

47. Apparently there are all kinds of "smart"

This man appears to lack common sense and morality. He has done a lot of damage.

[madinmaryland]

77. Isnt that the definition of a libertarian? Nt.

[PatSeg]

78. That could be

I've known my fair share to "smart" people like Mercer and essentially they saw the world through a very self-absorbed prism.

[byronius]

60. Plenty of super-smart, well-read, well-educated, well-spoken family men served the Nazis.

I've recently come to realize that intelligence is overrated as an indicator of the accuracy of one's moral compass.

[PatSeg]

79. Very overrated indeed

[Blue_Adept]

15. He's either dying or things are about to explode

[Brother Buzz]

62. Sometimes a cigar is just a cigar

His involvement with Breitbart News and Milo Yiannopoulos, highlighted by a recent BuzzFeed News Exposé, was going to damage Renaissance's reputation.

That being said, I would think the snake could still expect some face to face time with Muller's team.

[Madam45for2923]

17. Mueller Mueller Mueller!

[Mrs. Overall]

18. I'm assuming Rachel is on this and doing research.

[scheming daemons]

19. By the time Rachel comes on the air tonight, I think we'll know all about it.

[Mrs. Overall]

22. I hope the news continues to come out quickly on this.

I am very intrigued.

[Initech]

20. Please lock him up! And I hope he takes Breitbart down with him!

[George II]

21. Fridays are good days for indictments, or announcements of indictments pending.

[Honeycombe8]

23. Maybe he's preparing to be appointed to some post. OR...

he's in a partnership with Bannon about something that will take all his time, or be controversial as to the fund.

[LittleGirl]

49. that was my first and only thought since the news broke

I would imagine that #45 is going to appoint him to some stupid cabinet job.

[usaf-vet]

69. Fed chair?

Typical Trump move. Praise Yellen current fed chair then slip in a toady.

[ehrnst]

24. Also severed all ties with Brietbart...

https://www.rawstory.com/2017/11/billionaire-funder-mercer-pulls-rug-out-from-under-milo-yiannopoulos-and-severs-all-ties-with-breitbart/

[physioex]

27. Selling to daughters....

Is considered 'severed'??

[JHB]

53. Yeah, only far enough that he doesn't have to small Bannons breath..

...or her his shoes puked on.

I’ll add one more possible motive to the mix: Mercer’s a recluse, and he’s drawn much more public attention than he’s comfortable with.

Of course, that’s perfectly compatible with health or legal reasons, too.

[bullwinkle428]

74. Hmmm...sounds exactly like Trump's "blind trust"!

[Roland99]

36. He chooses *now* to claim Milo is essentially of bad character??

Curious

[C_U_L8R]

26. Somebody's following the money

Did it go from Mercer to Cyprus?

[awesomerwb1]

28. Since it's speculation time.....

I think it will be revealed that he conspired with Ted Cruz's dad for you know what.

[C Moon]

37. I wonder how many of these rich traitors are buying one way airline tickets.

Or part of the plan all along was to keep Trump in their long enough so he could pardon all these traitor asses.

[malaise]

40. Indictment???

Please, please, please, pretty please

[Bernardo de La Paz]

41. Good article on Mercers from HuffPo (I think it is a few months old and just republished)

http://highline.huffingtonpost.com/articles/en/mercers/

[AtheistCrusader]

42. If that's true, then Mueller has a leak.

[Lucky Luciano]

48. Here is his resignation letter

From: "Robert Mercer"
To: all
Sent: Thursday, November 2, 2017 10:13:29 AM
Subject: Past, present, and future
Dear Colleagues,
During the past year, I have been the object of a great deal of scrutiny from the press. I have declined to
comment on what has been written about me, imagining that with time the attention would
dissipate. Because that has yet to happen, I have decided to correct some of the misinformation that
has been published about me. It is not my intention to impose the views I describe below on anyone
else.
My goal is simply to explain my thinking, the very essence of which is that all of us should think for
ourselves.
I believe that individuals are happiest and most fulfilled when they form their own opinions, assume
responsibility for their own actions, and spend the fruits of their own labor as they see fit. I believe that
a collection of individuals making their own decisions within the confines of a clear and concise set of
laws that they have determined for themselves will advance society much more effectively than will a
collection of experts who are confident in their knowledge of what is best for everyone else. This is why
I support conservatives, who favor a smaller, less powerful government.
A society founded on the basis of the individual freedom that flourishes under a limited federal
government has no place for discrimination. Of the many mischaracterizations made of me by the
press, the most repugnant to me have been the intimations that I am a white supremacist or a member
of some other noxious group.
Discrimination on the basis of race, ethnicity, gender, creed, or anything of that sort is abhorrent to
me. But more than that, it is ignorant.
The press has also intimated that my politics marches in lockstep with Steve Bannon's. I have great
respect for Mr. Bannon, and from time to time I do discuss politics with him. However, I make my own
decisions with respect to whom I support politically. Those decisions do not always align with Mr.
Bannon's.
Without individuals thinking for themselves, society as a whole will struggle to distinguish the signal of
truth from the correlated noise of conformity. I supported Milo Yiannopoulos in the hope and
expectation that his expression of views contrary to the social mainstream and his spotlighting of the
hypocrisy of those who would close down free speech in the name of political correctness would
promote the type of open debate and freedom of thought that is being throttled on many American
college campuses today. But in my opinion, actions of and statements by Mr. Yiannopoulos have caused
pain and divisiveness undermining the open and productive discourse that I had hoped to facilitate. I
was mistaken to have supported him, and for several weeks have been in the process of severing all ties
with him.
For personal reasons, I have also decided to sell my stake in Breitbart News to my daughters.
I would also like to inform you of a decision I have reached with respect to my role at Renaissance, an
organization I adore with colleagues whom I deeply respect and admire. I am 71 years old, the same age
that Jim Simons was when he retired. I do not plan to retire, but I do plan to relinquish my management
responsibilities.
Peter Brown and I have been Co-CEOs for the past eight years. On January 1, 2018, I will step down
from my position as Co-CEO and resign from the board of directors. I will continue with the firm as a
member of its technical staff, focusing on the research work that I find most fulfilling. Peter will
continue on as CEO, and I will provide him with my counsel whenever he feels that I can be helpful to
him and to the company where I have spent so many wonderful years.
RLM

[OnDoutside]

51. Run Mercer, Run !

[MrsCoffee]

52. "I will continue with the firm as a member of its technical staff"

Lol.

[Lucky Luciano]

58. He is a great technologist and researcher. Not surprised. nt

[KY_EnviroGuy]

63. A hypocrite or is part of his letter missing?

Quote:
"Without individuals thinking for themselves, society as a whole will struggle to distinguish the signal of
truth from the correlated noise of conformity."

-------------

Where's his criticism of the right-wing thought control bubble primarily made up of Faux News, a multitude of talk radio stations, and dozens of billionaire-funded think tanks?

He also fails to mention where exactly he proposes we might find that "signal of truth".

[Blue_Tires]

75. LOL

Link to tweet

[Lucky Luciano]

76. Insert a Takei "Oh My!" Right here! LOL

[lagomorph777]

50. He's probably just another pussy-grabber.

But who knows, maybe Mueller has got him by the short hairs.

[bunny planet]

55. Rachel mentioned this in passing the other night....

but she said there was an article about Rebecca Mercer herself having asked Nix to contact
Assange if Cambridge Analytica could help sort through and disseminate the hacked Hillary emails..... http://www.cnn.com/2017/10/27/politics/rebekah-mercer-cambridge-analytica-clinton-emails/index.html

[N_E_1 for Tennis]

56. The Mercers stopped funding Brietbart

and distanced themselves from Milo Y.

https://www.rawstory.com/2017/11/billionaire-funder-mercer-pulls-rug-out-from-under-milo-yiannopoulos-and-severs-all-ties-with-breitbart/

[Justice]

72. No Papa Mercer selling Breitbart to Daughter. That's all.

[mercuryblues]

57. I think he has terminal cancer

Breitbart is going to his daughter, so it stays in the family to carry on the "message" Which is why Milo is out.

Stepping down from his role in the company in January. Gives them and him time for a smooth transition. He gets input on who will succeed him.

my second option is he knows he will get indicted and wants his political and financial empire to be shielded and left intact as much as he can.

[Kablooie]

59. God I hope they were involved with the Russian invasion.

and spend the rest of their years in prison.

[Nasruddin]

61. Hedge fund

He realized he needed a new kind of hedge fund - his current strategies
opened him up to a huge risk of going to hell.

[KY_EnviroGuy]

64. LOL, and welcome to DU! n/t

[Stryst]

65. I hit a paywall when I try to read this story on WSJ

NY Times lets me through though

https://www.nytimes.com/2017/11/02/business/robert-mercer-renaissance.html

[orangecrush]

66. K&R

[Botany]

67. I think it has something to do w/Cambridge Analytica

https://www.vox.com/policy-and-politics/2017/10/16/15657512/cambridge-analytica-trump-kushner-flynn-russia

[sprinkleeninow]

70. From your QWERTY 💻 to Heaven's Inbox 🆙

I can't keep pace with daily unfolding.

We've been punished long enough.

~Let Justice Prevail~

[bucolic_frolic]

71. Is he the unfettered free market capitalist who wants to make off with our public lands?

you're right, guys like this do not give up hedge-funding at age 71. They do it until they're 103!