Clinton Son-In-Law Loses 90% Client's Money -- Shuts Down Multi-Million $ Hedge Fund...

[AzDar]

Supremely Bad Timing...
Seems Lloyd Blankfein (Goldman Sachs) Was One Prominent Investor... Hmmm.

from the link:

Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter last February they had been "incorrect" on Greece, generating staggering losses for the firm’s main Eaglevale Hellenic Opportunity, a/k/a the "Greek recovery" fund during most of its life. By 'incorrect' the Clinton heir apparent meant the $25 million Eaglevale Greek fund had lost a stunning 48% in 2014.

Which is not to say the larger fund it was part of is doing any better: as of last February, Eaglevale had spent 27 of its 34 months in operation below its high-water mark. We are confident that 13 months later the numbers are 40 out of 47, respectively.


In late 2011, Marc Mezvinsky co-founded New York-based, macro-focused hedge fund firm Eaglevale Partners with Bennett Grau and Mark Mallon, two Goldman Sachs Group proprietary traders whom he'd gotten to know when they all worked at the bank. Best known as the husband of Chelsea Clinton, Mezvinsky, 35, who has a BA in religious studies and philosophy from Stanford University and an MA in politics, philosophy and economics from the University of Oxford, has been quietly building his finance career. Before launching his own firm, the longtime Clinton family friend was a partner and global macro portfolio manager at New York- and Rio de Janeiro-based investment house 3G Capital. Eaglevale manages more than $400 million.

As a reminder, 2013, Institutional Investor proclaimed Mezvinsky "a hedge fund rising star"...

Alas, he was anything but, and instead of having a real grasp of macroeconomic events, or how to - you know - hedge, he decided to dump millions in Greece just before the country entered a death spiral that culminated with its third bailout, capital controls, insolvent banks and a terminally crippled economy...Meanwhile, things went from terrible to abysmal for both the clueless hedge fund manager and his LPs, and as the NYT reports, Hillary Clinton's son-in-law is finally shutting down the Greece-focused fund, after losing nearly 90% of its value. Investors were told last month that Eaglevale Hellenic Opportunity would finally be put out of its misery and would shutter.



more of the sordid tale @ link:

http://www.zerohedge.com/news/2016-05-10/hillary-clinton-son-laws-firm-shuts-down-greek-hedge-fund-after-90-loss

[Actor]

1. Alleged liberal on alleged liberal message board posts anything and everything

to smear Hillary Clinton

[Baobab]

25. How could anybody lose 90%?

Is there any reason he could not have exited the deal a lot earlier?


Is this a control fraud ("the Producers"-like) situation? In other words is it a scam?

[TheBlackAdder]

45. The money is not lost, it went somewhere. The questions: Where? How many levels of connection?

.


One could also ask what his bonus was that year?

Generally, you don't get one if you screw up.


.

[2banon]

88. that's exactly what I'm thinking.. it just doesn't make sense otherwise

stash the investments in Panama or other similar hidey hole, and say "oops, things went south, my bad"... Wasn't that the White Water Savings and Loans investments scheme, we made a bad call and we lost money.

We're Broke!

[puffy socks]

112. Besides the fact that thread is a pathetic attempt at yet another smear

the very kind Sander's supporters say repulses them ....


Typically in the financial sector, employees are paid via a "variable performance-related bonus".
It is a part of the senior banker's contractual obligation and thus employees effectively work for a share in the net profits, for which they are responsible, but not net losses. They take home a relatively small fixed salary. These " bonuses" are under contract they are not at discretion of the employer as an "employee of the month" bonus.

People must qualify before investing in hedge funds.
"There are key differences, however. Hedge funds require large minimum investments and are open only to accredited investors, which include high-net-worth individuals, substantial income and advanced knowledge of securities markets."
http://www.investopedia.com/articles/investing/050316/hedge-funds-4-long-term-portfolio-managers-consider.asp


FYI hedge funds go bankrupt all the time. http://hf-implode.com/
Tis the nature of the biz.

[JoePhilly]

36. + 1

[bettyellen]

65. If the fund did well- then it would be "evidence" of "corruption"......

I am starting to think many here don't understand what either of those two words mean.

[Actor]

83. I think hedge funds and their managers are horrible and bad for society, but I think Trump is

worse.

[newthinking]

93. I don't think of this story as about corruption. More telling about values and competence

I mean essentially Chelsea is living the values that her parents instilled in her. To respect and engage with her own class and to strive for enormous wealth.

Something tells me though that she is not all that content with the competence of her choice for spouse. The guy has all the benefits of power and money at his disposal and still he can't do it right?

Note: my feelings about this are more about my distaste of the values of the elite and not about Chelsea personally.

[bettyellen]

98. Let's judge Bernie's children- specifically their marriages! How ridiculous that sounds.....

is how ridiculous you guys making hay of they is. It is just repulsive, something only RWers would normally do.

[Aerows]

105. Bettyellen, you are pretty savvy

but to extend stating facts into calling them smears is pretty ludicrous.

Does God have it in for her if there is bad weather at an outdoor rally?

Come on. You and many of the folks on this board are smarter than that crap.

Hedge funds are hedge funds. If it was an easy exact science, we'd all be doing it.

Some go sideways.

[bettyellen]

107. I don't think their marriages or their children should have any bearing at all......

so her child's marriage? Nope. And I doubt anyone would be saying it should if it were Bill or Bernie.

[Aerows]

108. I'm pretty sure

if Bernie Sanders had a child/child's spouse that was a hedge fund manager, that would be noted. If that fund upended a few times, that would also be noted.

It's not realistic to believe otherwise - whether it is right or wrong. You know it, and so do I.

[bettyellen]

120. I don't think their marriages or kids should be made an issue of. At all.

Yeah, I know it is not realistic in this day in age. But I am not furthering in it by endorsing this kind of talk about any candidates. To me it's old school hetero- normative bullshit, with a dose of blame Mommy on top. Not doing it.

[Aerows]

122. Far be it from me

to ever get involved in hetero-normative bullshit.

That's about as likely as the sun rising in the west.

I'm rather confused as to how to recognize that my train of thought stopped at that station in your perception.

[bettyellen]

123. I think it's fucked up society expects them to be married and have kids and whatever...

Silly the things people make issues of.

[Aerows]

125. I'm puzzled

how anything I posted lead you to believe that my train of thought in the prior postings stopped at that particular station.

[Baobab]

148. Do you understand the concept of fiduciary duty?

When somebody becomes involved in investing, there is a moral and legal requirement that they behave in a particularly open and transparent manner with their clients money.

The question here should be, were the investors all aware of the risks, and was there any failure to be honest about them?

[bettyellen]

149. HRC bears no responsibility for her children's spouses work lives, for fucks sake. I could care less

if he was a yoga instructor or a dog catcher, it has nothing to do with her candidacy.

[Baobab]

150. I wasnt talking about Hillary, I was talking about her son in law.

Its not clear from the news story whether he behaved properly or not.

Its possible, (although I don't think its likely) that the investors were so rich that they invested knowing that the risks were very high, were properly appraised of that possibility, and still went forward.

If they knew all along that the risks were really high and were kept in the loop that the investments were failing and still stayed in, then he can't be held to blame.

At least thats what I think.

[bettyellen]

153. This is GDP. You are only talking about him because he married a Clinton.

Not going to say I think this is cool.

[Baobab]

155. The culture of IMPUNITY is an issue too with them.

im·pu·ni·ty
imˈpyo͞onədē/

noun
noun: impunity

exemption from punishment or freedom from the injurious consequences of an action.
"the impunity enjoyed by military officers implicated in civilian killings"
synonyms: immunity, indemnity, exemption (from punishment), freedom from liability, nonliability, license; More
amnesty, dispensation, reprieve, pardon, exoneration;
stay of execution;
privilege, favoritism, special treatment, carte blanche
"the lawsuit attempts to fight the impunity that these military officials have enjoyed for too long"
without punishment, with no ill consequences, scot-free, unpunished
"they boldly break laws at will, and do so with impunity"
antonyms: liability

Origin
mid 16th century: from Latin impunitas, from impunis ‘unpunished,’ from in- ‘not’ + poena ‘penalty’ or punire ‘punish.’
Translate impunity to
Use over time for: impunity

[COLGATE4]

126. Jesus Christ! Do you think you're another Doctor Phil?

"Something tells me that she is not all that content with the competence of her choice of spouse". Did you pull that out of your Ouija board or somewhere else? And let's not forget a little snark at the 'rich bastards' - The guy has all the benefits of power and money... and he still can't do it right"? Yea, stupid rich people. If they only had MY values, they'd be OK. See where that got them.

I'm so happy you 'clarified' that all the prior crap wasn't really about Chelsea, although as she is obviously
striving for enormous wealth' perhaps she didn't give a flying f---k.

[notadmblnd]

85. Smear

smear
smir/
verb
verb: smear; 3rd person present: smears; past tense: smeared; past participle: smeared; gerund or present participle: smearing

1.
coat or mark (something) messily or carelessly with a greasy or sticky substance.
"his face was smeared with dirt"
synonyms: streak, smudge, mark, soil, dirty; More
informalsplotch;
literarybesmear
"the table was smeared with grease"
spread (a greasy, oily, or sticky substance) over something.
"Barbara smeared peanut butter on a slice of bread"
synonyms: cover, coat, grease; More
literarybedaub
"smear the meat with olive oil"
spread, rub, daub, slap, slather, smother, plaster, slick;
apply;
literarybesmear
"she smeared sunblock on her skin"
messily blur the outline of (something such as writing or paint); smudge.
"her lipstick was smeared"
2.
damage the reputation of (someone) by false accusations; slander.
"someone was trying to smear her by faking letters"
synonyms: sully, tarnish, blacken, drag through the mud, taint, damage, defame, discredit, malign, slander, libel, slur; More

Can you please elaborate on which part of the OP is false?

[brentspeak]

86. Hey, look it's another "Correct the Record" bot troll n/t

[newthinking]

94. Good catch.

Won't work on this board though. People here are too savvy and informed.

[Actor]

99. You are calling me a troll, is that allowed here?

[Aerows]

117. I'm not sure if it is allowed

but pointing out the obvious is rather redundant in this case so I'm pretty sure no one cares.

[Actor]

119. Like a friend of mine on Sirius was saying today, people who have done NOTHING

compared to us who have worked our whole lives for justice , and those who have done NOTHING but buy into the Hillary negativity, attacking us.

It is sad but true, it is being noticed in a lot of circles now, finally.

[Aerows]

121. Ooo. Friends on satellite radio.

LMAO. That probably isn't helping you out much with said redundancy comment, but do carry on

[Aerows]

103. Reporting financial facts

is now worthy of accusing the person relating them of making a smear?

I'm beginning to think if someone stated that the weather was cloudy at a Hillary rally, someone would yell "Clinton's being smeared!"

[arcane1]

110. That one has a job to do. They suck at it, yes, but it's still a job.

[Aerows]

114. Nah, bettyellen is cool

Just a New Yorker through and through . Surprisingly, myself a Southerner through and through, I get her at times as odd as that seems.

[arcane1]

115. Sorry I wasn't referring to bettyellen :)

[Aerows]

116. Oh yeah, the other one?

Absolutely.

[arcane1]

109. Well, you're an expert on posting anything and everything. Playing that role!

Care to refute the facts in the OP? I thought not

[Actor]

111. Refute what? First, the source is entirely unknown as far as I can tell, but let's assume

it is all true.

As I have said, I dislike hedge funds, I dislike the people who profit from them.

I am not a fan of the Clinton's, and I am a democratic socialist (an actual one, I can prove why most arent).

None of that has a thing to do with the fact that only selfish or ignorant people can allow Trump to become president.

[arcane1]

113. You really suck at this gig.

I hope you find real work soon.

[Baobab]

154. Hillary not liberal unless you mean "neoliberal"

Hillary isn't thought by many people to be a "liberal" at least i see her as a militaristic right wing neocon/neoliberal.

I suspect Donald Trump is too.

He uses "guest worker" programs which are globally infamous as being oppressive. Although Bill Clinton signed us into one of these deals, the one with the potential to be the biggest, Americans were never told about it.
They didn't tell the country because no Democrat would do that.

I have voted for every single Democratic Presidential ticket going back more than three decades. I have never voted Republican.

I feel that we're being manipulated by Mrs. Clinton and Mr. Trump, who in fact are friends.

proof:

[TexasTowelie]

2. What does any of this have to do with the primaries?

Just another hit piece reeking of desperation trying to make something stick.

[scscholar]

8. This

Plus, he was trying to help Greece so his heart was in the right place.

[COLGATE4]

127. That has to be one of the stupidest answers I've

read on DU for a long, long time. You really do need to change your DU name. "scholar".
sc

[AzDar]

9. Read the article. Hillary's bestie Lloyd Blankfein invested and let Mezvinsky use his name...

to raise money. Has EVERYTHING to do with Hillary...and the Primary.

[GreydeeThos]

15. So you admit posting a hit piece on Hillary using the SIL as a vehicle

[AzDar]

17. You're confused. The SIL used the Clintons as a vehicle... which makes this absolutely RELEVANT.

[GreydeeThos]

29. Like I said: A hit piece on a fellow Democrat

[AzDar]

31. Like I said: ' you're CONFUSED'.

[leftynyc]

77. This pathetic attempt

to make hay on an investment that lost money reeks, and I do mean REEKS, of desperation. I'm starting to feel sorry for all of you.

[JoePhilly]

37. + 1

[timmymoff]

62. Who is this democrat you speak of?

[Hiraeth]

92. I keep looking. After all it is in GD-P

[GreydeeThos]

143. I am talking about our candidate for the Presidential nomination

The Democratic candidate who is knowledgeable, experienced, familiar with campaigns, and qualified to be President because the other one is some independent from Vermont.

[msongs]

3. not GDP - it is not an issue for which hillary clinton has any responsibility. nt

[apcalc]

4. And this has WHAT

To do with HRC?

Nothing, that's what.

[DebbieCDC]

5. Has degrees in religion, philosophy and politics

but ran a multi-million $$ hedge fund

Who would be stupid enough to think this guy knew what he was doing?

Oh wait...the Goldman Sachs connection and who his in-laws are paved his way.

'Nuff said.

[AzDar]

11. Yeah. "Has nothing to DO with Hillary"...

[Merryland]

18. not to mention that his dad also ran a hedgefund scheme

and spent 5 years behind bars for it.

[dchill]

26. Whoa! Where can I invest?

Sounds like a sure thing!

[COLGATE4]

128. And, as well all know, like father, like son. Right?

[Duppers]

46. His MA from Oxford included economics.

I thought what you did until I read that.

Wonder if he had gotten any bad advice. <cough>

[My Good Babushka]

56. Having a liberal arts degree

can be a useful foundations for all sorts of pursuits, if one is smart and applies oneself appropriately. Don't smear all liberal arts students.

[egalitegirl]

61. Liberal Arts degrees are handouts

for one percenters who cannot get any other degree but want to attend college. They are also excuses for the government giving free money to one percenter professors in wealthy universities. Ask about this and the one percenters will change the topic to African Americans receiving food stamps.

[bettyellen]

63. excuse me? WHUT?

[egalitegirl]

66. It is the truth, student loans benefit wealthy universities

Student loans mainly help the wealthy universities pull in big money. Same with research grants. A few people get most of the money. In exchange, they give out useless degrees which do not require the use of any intellect. Whatever is in liberal arts degrees is the same as what is in high school books.

[COLGATE4]

129. Too bad you never had the chance to personally experience what

liberal arts universities have to offer. Although, since liberal arts degrees' content is, as you say the same as what is in high school books you've probably already done the coursework. Maybe if you write them a nice letter they'll give you a degree.

[egalitegirl]

139. I do not mean science and math

I understand that they keep trying to categorize basic sciences and math and liberal arts because they are too embarrassed to admit their content is otherwise superficial. The problem with us is that many of us have invested into these degrees and so do not have the courage to admit that we made bad investments.

[COLGATE4]

142. If your university courses were the equivalent of high

school you really made a very bad investment.

[egalitegirl]

144. Accreditation body approves of it

Same accreditation body that approves of every university. So there is no need to claim that one university has some sort of higher standard than another.

Everyone knows that liberal arts is not as challenging as STEM. That is why there are investigations on why women are poorly represented in STEM but no investigations on why men are poorly represented in liberal arts.

It is wrong that the government enticed a lot of women into taking student loans in exchange for worthless degrees just to ensure Wall Street profits.

[COLGATE4]

159. I don't think you understand how accreditation works.

Accreditation approval is merely the baseline below which a university cannot fall. It does not in any way dictate anything regarding how much above the baseline the university may choose to adopt. So you can have two equally 'accredited' universities with totally different standards. The lower with the bare minimum necessary to not lose accreditation while the other may require vastly more of its graduates.

[yourpaljoey]

6. i see a little trump in him

[chillfactor]

7. which doesn't have ANYTHING.....

to do with Hillary running for president.

[dchill]

27. Nothing to see here, people. Let's move on!

[2banon]

89. Nothing to do with the Primaries, right like Halliburton had nothing to do with Cheney

Cheney for VP in play for the pre-planned invasion in Iraq and beyond.


Right. NOTHING TO DO WITH ELECTIONS.

GOTCHA.

Now where did I put those fancy rose colored glasses?

hmm, better just put on my blinders instead so that I can feel sooooo self assured about the upcoming coronation of the 1% ..

[taught_me_patience]

10. You win some ands you lose some

No big deal.

[leftynyc]

79. So now DUers are

PRETENDING to feel sorry for rich people who lost an investment? Could your desperation get any more pathetic?

[woolldog]

12. Who cares?

Why is this in GDP?

[reformist2]

16. What Hillary thinks of her son-in-law's recklessness with other people's money, that's of interest.

[woolldog]

39. Why does this matter?

Why should I care that her son in law is a bad hedge fund manager?

[COLGATE4]

130. I think you should ask her.

[JoePhilly]

38. If someone Hilary knows takes a shit ...

... some Bernie supporter will post it here in a lame attemp to smear her.

[reformist2]

13. I find this story hilarious, and revealing. Shows just who the Clintons roll with these days.

[CountAllVotes]

53. Boy rich babies

I have no sympathy for these rich freaks! All they want is one thing and that is MORE MORE MORE MORE until they choke on all of their MONEY MONEY MONEY!

Money is all they care about, #1 is MONEY and that is the end of it. I hope they shoot their whole wad in another hedge fund with some other belly up scenario. They haven't a clue how the other 99% of American lives, not a clue!

As for the American people is is just a giant F/U to all of us sorry lot of losers!

& recommend.

[coffeeAM]

14. Clinton takes money from wall street and her son in law works on wall street?

Please tell me this is not real..!

[egalitegirl]

145. And she also voted to give people's money to Wall Street!

Yes,it is real.

[woolldog]

43. you sound jealous of her lifestyle.

[My Good Babushka]

59. It's not jealousy, it's contempt

and it's proper to have contempt for those self-aggrandizing narcissists who make twee, airy, musings on their indifference to money whilst trading on nothing other than their name and status to make fortunes.

[COLGATE4]

131. Pathologically jealous.

[Arugula Latte]

151. And Chelsea sounds like a self-absorbed rich kid who never had to worry about

paying rent or putting food on the table, and has no idea how her snotty comments sound to struggling people.

[Beacool]

20. The Clinton heir apparent????

Did the Clintons adopt him? He married their daughter, he's their son-in-law, not their heir.

Also, what does this have to do with the primaries? He's not running for office.

[JudyM]

22. Part of her flock. Big promises on the selling end, Disappointing results.

[leftynyc]

80. Awwwwww

Are we pretending to feel sorry for rich people losing money in an investment? Could your desperation smell any more pathetic?

[JudyM]

91. Unlike you, I have compassion for strangers losing 90%, unless I know they are a-holes.

Stereotype much?

And total miscue on desperation by the way, but if that what makes you feel better, keep thinking it.

[leftynyc]

101. They INVESTED

It's legalized gambling - nothing more. They took the gamble and lost. I feel so sympathy for them at all. And you can pretend it's not desperation to suddenly have concern for rich investors - but I also know if they had doubled or tripled their money, there would be plenty of whining about that also so it's not fooling anyone.

[CountAllVotes]

102. +1,000 !!

& recommend.

[TimPlo]

78. Yea but people you are replying to in this thread

Don't care. They are what is termed "Temporarily embarrassed millionaires&quot -John Steinbeck) most thing that some day they will also be rich and powerful so they feel a subconscious need to defend the %1. IT pretty much what most of the GOP think. Of coarse some of that attitude is going to spill over onto Clinton supporters. When you lie with dogs you are going to get a few fleas on you.

[COLGATE4]

132. I don't think you even understand what Steinbeck meant when he talked about

"temporarily embarrassed millionaires". From what you posted here it's obvious you don't. Also, if you're going to try and persuade people you might want to work on your grammar and spelling. It would probably help.

[TimPlo]

146. Sorry about my spelling I suffered a brain injury when was in military

It effected the speech and language centers of my brain. If spell check does not catch it I am screwed. But if it offends you so much that had to make a a comment about it you might want to ignore me so my disability will not offend you in the future.

[COLGATE4]

158. If what you're saying is true, then I an sorry for your injury. You are still wrong about

Steinbeck.

[JudyM]

21. House of Clinton = house of cards.

[bettyellen]

67. Too much TV possibly.

[JudyM]

68. Nope. I intended it in its generic expression sense, not capitalized.

[lancer78]

23. And the rich get to use these losses

to reduce their tax liability.

"Only the little people pay taxes."

[MattP]

28. Losing rich people's money beats running a college into the ground

[speaktruthtopower]

30. This is actually good for her politically..

shows he isn't given inside info.

[840high]

33. Maybe he just didn't listen.

[woolldog]

44. So true.

If he had been fabulously successful, the BOBs on here would take it as evidence of HRC's corruption. Imagine the headline on DU: Hedge fund with close ties to Clinton DOUBLES its money in less than a year! What corporate corruption! Wah!

[Duppers]

48. Could've been bad info.

There's her history of mistakes.

[silvershadow]

32. Wow. Makes me wish those transcripts had been released even more now. nt

[grasswire]

34. family of grifters, all. nt

[leftynyc]

81. LOL

The pretending you give a shit about rich people losing money on an investment (i.e. legalized gambling) is simply adorable. If they had doubled their money, you'd be whining about insider trading or some other bullshit.

[djean111]

35. Gosh, I wonder if anyone thinks he would be PERFECT to hand the Social Security fund to, to

gamble with.

This is what could happen if Social Security was privatized - fees scooped out, money lost, too bad so sad for seniors.

Bill Clinton was on his way to privatizing Social Security, working with newt- until he got tripped up by Monica and her blue dress.
What a fucking sad way to "run a country", eh?

[KoKo]

87. Bill Clinton and Paul Ryan on Privatizing Social Security...Cato Institute

Social Security Reform: Defusing the Ticking Bomb
By Michael D. Tanner--CATO Institute

This article appeared in the Fall 2013 Issue of inFocus Quarterly.

Social Security is the single largest program of the federal government, accounting for more than 20 percent of all federal spending in 2012. Indeed, by some measures, it could be considered the largest government program in the world, providing more than $774 billion in benefits to 58 million recipients last year. It is also a program facing significant financing problems that make it unsustainable over the long term.

-------------------------snip

Personal accounts would also solve some of the other problems with the current Social Security system. Under the current system, workers have no ownership of their benefits; they are left totally dependent on the good will of 535 politicians to determine what they will receive in retirement. Moreover, benefits are not inheritable, and the program is a barrier to wealth accumulation. Finally, the current program unfairly penalizes African Americans, working women, and others. In short, it is a program crying out for reform. By giving workers ownership and control over a portion of their retirement funds, personal accounts are the only reform measure that deals with those issues.

Of course opponents of personal accounts have pointed to the recent struggles of the stock market to suggest that they are too risky to be relied on for retirement. The reality, however, is that despite recent volatility in the market, long-term investment represents a remarkably safe retirement strategy.


The failure of President Bush’s disastrous campaign for personal accounts is widely believed to have taken the idea off the table for the foreseeable future. None of the recent deficit commissions included personal accounts in their recommendations. However Rep. Paul Ryan (R-WI) included a proposal for personal accounts in his Roadmap for America’s Future, although this proposal did not make it into later iterations of the Ryan budget plans. This proposal would allow workers under age 55 the option of privately investing slightly more than one third of their Social Security taxes through personal retirement accounts. The Congressional Budget Office estimates that Ryan’s proposal would gradually reduce Social Security’s budget shortfall and, ultimately, restore the program to cash-flow solvency by 2083.

------------------------snip

And, there are very few options for dealing with the problem. As former president Bill Clinton pointed out, the only ways to keep Social Security solvent are to (a) raise taxes, (b) cut benefits, or (c) get a higher rate of return through private capital investment. Or as Henry Aaron of the Brookings Institution told Congress, “Increased funding to raise pension reserves is possible only with some combination of additional tax revenues, reduced benefits, or increased investment returns from investing in higher yield assets.”

http://www.cato.org/publications/commentary/social-security-reform-defusing-ticking-bomb

[newthinking]

95. Thanks for keeping track of this. With all the waffling it is good to know the record.

[MisterP]

40. he'll have to move in with his in-laws!

in their vacation home

[truedelphi]

41. C'mon Hillary supporters, I am waiting for today's meme!

Obviously, Bernie Sanders was behind this!

[synergie]

50. Isn't that the daily BS meme, whenever anyone finds any wrongdoing on the part

of Bernie, Jane, his family, his campaign staff or his supporters?

[Sparkly]

42. Let me know when it's a scandal

that Hillary Clinton's daughter's husband's group lost Goldman Sach's CEO money in a risky investment in Greece.

[zappaman]

47. Yeah. So?

[synergie]

49. Do you actually believe that this is a credible source?

You might want to do a bit of research, and see if the CT you're being fed is actually backed up by something, and then look at your source.

http://www.bloomberg.com/news/articles/2016-04-29/unmasking-the-men-behind-zero-hedge-wall-street-s-renegade-blog

Since you could not do it yourself. Just because it attacks Hillary or her family, doesn't mean it's true.

[Octafish]

71. Nice article.

By April 2—the day Lokey left Zero Hedge—their relationship had deteriorated significantly, according to the messages provided by Ivandjiiski.

“I can’t be a 24-hour cheerleader for Hezbollah, Moscow, Tehran, Beijing, and Trump anymore. It’ s wrong. Period. I know it gets you views now, but it will kill your brand over the long run,” Lokey texted Ivandjiiski. “This isn’t a revolution. It’s a joke.”

Now, what's wrong with what was reported in the OP?

Did Mezvinsky's hedge fund lose its investors' money?

Were many of those who lost money close allies of Mr. and Mrs. Clinton?

[Cobalt Violet]

51. cool, looks like the corporate dems found their 2024 candidate!

[apcalc]

52. And this has WHAT to do with HRC?

Nothing, that's what.

[reformist2]

54. I'd like her to comment on her son-in-law's reckless behavior with other people's money.

[bettyellen]

64. So would the jerks at Fox News, doesn't mean it is going to happen. LOL.

[treestar]

96. Exactly

[Sancho]

57. And Billy Beer is out of business too!!!

[B Calm]

58. Sounds like he's another Bernie Madoff.

[Holly_Hobby]

72. His dad, Edward spent 5 years in federal prison for a Ponzi scheme

A former Iowa Congressman. So far, Mark isn't quite as dumb as his dad.

http://nl.newsbank.com/nl-search/we/Archives?p_product=CR&z=CRGB&p_theme=cr&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=11FFD75B65D2FBC0&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date &s_trackval=GooglePM

[BernieforPres2016]

76. No, his father was a small time Madoff

His father stole $10 million from investors through a variety of scams. Chelsea's husband lost 90% of his investor's money via incompetence.

Chelsea might have to go back to work a day or two a month for a corporate media company to cover their $50,000 a month mortgage.

[COLGATE4]

133. Before you post shit like this, you really ought to educate yourself

as to what Bernie Madoff did.

[B Calm]

152. He ran a ponzi scheme using Hedge Funds old wise one. Now get lost!

[COLGATE4]

156. So tell me how a Ponzi scheme compares to a legitimate investment group

selling hedge funds losing a bet they made on a country's economy?

[B Calm]

160. Oh I'm sure everything he did with his clients money was completely legal. They took high risks

and gambled with a punk kid manager in an unregulated hedge fund for high returns and lost their asses.

[COLGATE4]

161. Aside from not understanding either the market or the laws regarding

investments, do you have any actual "proof" of some wrondgoing or are you just going to keep posting allegations based on absolutely nothing?

[B Calm]

162. No proof here. Why don't you give the guy a call and invest your

hard earned money since you feel so comfortable with this type of unregulated investing.

[COLGATE4]

163. We're not talking about my investments. We're talking about

your proving your allegations of wrongdoing. Well?

[B Calm]

164. LOL, you are arguing for the sake of arguing. I feel any

any unregulated investing is wrongdoing and you don't. Now go away!

[COLGATE4]

165. You have been alleging that Chelsea's husband was guilty of

some kind of wrongdoing - comparing him with Madoff, in one example. When I ask you to prove that there was some actual wrongdoing, all you have is "well, Charlie, in what sense?". You are a bullshitter. Period.

[B Calm]

166. YAWN! The only bullshitter here is Chesea's husband and YOU!

[COLGATE4]

167. Fortunately, other DU'ers will be the judge of that.

[B Calm]

168. Absolutely! I'll bet the vast majority of DU'ers would never invest

invest in an UNREGULATED HEDGE FUND!

[egalitegirl]

60. So Chelsea married someone with low intelligence?

Investing in Greece? LOL. Chelsea has married a dud. She too must have given her advice on where to invest.

[leftynyc]

82. You think either of them lost a nickle?

That kind of ignorance is simply adorable.

[egalitegirl]

90. Gloating over bonuses by making others lose their money?

Unbelievable! You actually praise them for inferior investment skills and ignorance of economics because they took other people's money and gambled it away but gave themselves fat bonuses just like Goldman Sachs executives.

If these are the principles by which Hillary Clinton lives by, bless her heart, but she isn't getting the support of honest people.

Mezvinsky's contribution to humanity is worse than even Trump's contribution. Isn't he the son of a convict?

[leftynyc]

104. Spare me the faux outrage

That's what you're risking when you INVEST in a hedge fund. And trying to tie this to Hillary is more pathetic, desperate nonsense.
I don't see anywhere I'm praising anyone. I'm pointing out that nobody is buying the crocodiles tears some DUers are shedding over rich people losing some money. You aren't fooling anyone with that bullshit.

[egalitegirl]

118. Inferior intellect

The loss is a sign of inferior intellect. Hillary is Chelsea's mother and gave a speech to Goldman Sachs. Low information voters who support Hillary do not even know that she is a Right Wing person who is a staunch ally of the Bush family and represents the interests of Goldman Sachs and the Military Industrial Complex.

In fact, it is safe to say they do not even know why they support her. They have been emotionally manipulated. Unlike Bernie supporters who can hold an argument, Hillary supporters are clueless about issues.

A vote for Hillary is a vote for the Bush family.

[Octafish]

69. Kid made the mistake of getting into the game on the tail end.

Back in the day, buying up a defaulting country's junk bonds made good business sense. Then the marks got wise.

Too bad. So sad.

[marmar]

70. It's hard out here for a hedge fund hustler.

[Dem2]

73. I guess he's a lousy businessman.

Having fun?

[leftynyc]

74. So fucking what?

Since when was losing an investment (just legalized gambling) a crime? Are you going to start in on the cattle futures Hillary MADE money on next? The desperation around here is becoming rancid.

[hollowdweller]

75. Maybe they can find something he can do at the Clinton Foundation.

[BlueStateLib]

84. $25 million loss is a small portion compared to the $300 billion assets under their management

Eaglevale Partners Fund is based out of New York. Eaglevale Partners Fund is a hedge fund with 1-10 clients and discretionary assets under management (AUM) of $326,373,858

[Ash_F]

134. And they don't even seem to have a website.

[hobbit709]

97. In the financial casino, the house always wins

The house can bet both ways and either way you cover their bets no matter which way it goes.

[Aerows]

100. Seems things are ...

... unwinding ... all over the place for those near and dear to the Clintons.

[Turin_C3PO]

106. They gambled and lost.

Hedge funds are kind of shady anyway,so I don't really care that these investors lost money. But what does Chelsea Clinton's husband have to do with the Democratic primary anyway?

[COLGATE4]

135. Absolutely - positively - not one fucking thing!

But it doesn't stop these good folk trying to tar Hillary with apparently bad investment advice given some wealthy investors by - GASP - her SON IN LAW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[brooklynite]

124. Can I ask what this story has to do with the Democratic Primary?

Would Billy Carter stories have been appropriate in 1976?

[COLGATE4]

136. If he were Hillary's fifth cousin twice removed from a prior

marriage you'd be hearing about him TODAY.

[AzDar]

140. But he ISN'T. He is her immediate family who obviously traded on the Clinton name ...

[COLGATE4]

141. And you know that how? Nothing but an unsubstantiated assumption

you're making - and flogging. Give it a rest.

[AzDar]

147. You give it a rest... clearly, you didn't read the article. I'd want to run away from reality, too

if I supported such a shady candidate.

[COLGATE4]

157. So the answer is that you cannot support that wild-ass

allegation with any facts. About what I expected.

[AtomicKitten]

137. Grifters, the lot of them.

[NobodyHere]

138. Geez, using the same language as this thread

Why not bring up how Bernie's incompetent wife drove Burlington College straight into the ground.