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AzDar

(14,023 posts)
Thu May 12, 2016, 07:40 PM May 2016

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

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

168 replies = new reply since forum marked as read
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Clinton Son-In-Law Loses 90% Client's Money -- Shuts Down Multi-Million $ Hedge Fund... (Original Post) AzDar May 2016 OP
Alleged liberal on alleged liberal message board posts anything and everything Actor May 2016 #1
How could anybody lose 90%? Baobab May 2016 #25
The money is not lost, it went somewhere. The questions: Where? How many levels of connection? TheBlackAdder May 2016 #45
that's exactly what I'm thinking.. it just doesn't make sense otherwise 2banon May 2016 #88
Besides the fact that thread is a pathetic attempt at yet another smear puffy socks May 2016 #112
+ 1 JoePhilly May 2016 #36
If the fund did well- then it would be "evidence" of "corruption"...... bettyellen May 2016 #65
I think hedge funds and their managers are horrible and bad for society, but I think Trump is Actor May 2016 #83
I don't think of this story as about corruption. More telling about values and competence newthinking May 2016 #93
Let's judge Bernie's children- specifically their marriages! How ridiculous that sounds..... bettyellen May 2016 #98
Bettyellen, you are pretty savvy Aerows May 2016 #105
I don't think their marriages or their children should have any bearing at all...... bettyellen May 2016 #107
I'm pretty sure Aerows May 2016 #108
I don't think their marriages or kids should be made an issue of. At all. bettyellen May 2016 #120
Far be it from me Aerows May 2016 #122
I think it's fucked up society expects them to be married and have kids and whatever... bettyellen May 2016 #123
I'm puzzled Aerows May 2016 #125
Do you understand the concept of fiduciary duty? Baobab May 2016 #148
HRC bears no responsibility for her children's spouses work lives, for fucks sake. I could care less bettyellen May 2016 #149
I wasnt talking about Hillary, I was talking about her son in law. Baobab May 2016 #150
This is GDP. You are only talking about him because he married a Clinton. bettyellen May 2016 #153
The culture of IMPUNITY is an issue too with them. Baobab May 2016 #155
Jesus Christ! Do you think you're another Doctor Phil? COLGATE4 May 2016 #126
Smear notadmblnd May 2016 #85
Hey, look it's another "Correct the Record" bot troll n/t brentspeak May 2016 #86
Good catch. newthinking May 2016 #94
You are calling me a troll, is that allowed here? Actor May 2016 #99
I'm not sure if it is allowed Aerows May 2016 #117
Like a friend of mine on Sirius was saying today, people who have done NOTHING Actor May 2016 #119
Ooo. Friends on satellite radio. Aerows May 2016 #121
Reporting financial facts Aerows May 2016 #103
That one has a job to do. They suck at it, yes, but it's still a job. arcane1 May 2016 #110
Nah, bettyellen is cool Aerows May 2016 #114
Sorry I wasn't referring to bettyellen :) arcane1 May 2016 #115
Oh yeah, the other one? Aerows May 2016 #116
Well, you're an expert on posting anything and everything. Playing that role! arcane1 May 2016 #109
Refute what? First, the source is entirely unknown as far as I can tell, but let's assume Actor May 2016 #111
You really suck at this gig. arcane1 May 2016 #113
Hillary not liberal unless you mean "neoliberal" Baobab May 2016 #154
What does any of this have to do with the primaries? TexasTowelie May 2016 #2
This scscholar May 2016 #8
That has to be one of the stupidest answers I've COLGATE4 May 2016 #127
Read the article. Hillary's bestie Lloyd Blankfein invested and let Mezvinsky use his name... AzDar May 2016 #9
So you admit posting a hit piece on Hillary using the SIL as a vehicle GreydeeThos May 2016 #15
You're confused. The SIL used the Clintons as a vehicle... which makes this absolutely RELEVANT. AzDar May 2016 #17
Like I said: A hit piece on a fellow Democrat GreydeeThos May 2016 #29
Like I said: ' you're CONFUSED'. AzDar May 2016 #31
This pathetic attempt leftynyc May 2016 #77
+ 1 JoePhilly May 2016 #37
Who is this democrat you speak of? timmymoff May 2016 #62
I keep looking. After all it is in GD-P Hiraeth May 2016 #92
I am talking about our candidate for the Presidential nomination GreydeeThos May 2016 #143
not GDP - it is not an issue for which hillary clinton has any responsibility. nt msongs May 2016 #3
And this has WHAT apcalc May 2016 #4
Has degrees in religion, philosophy and politics DebbieCDC May 2016 #5
Yeah. "Has nothing to DO with Hillary"... AzDar May 2016 #11
not to mention that his dad also ran a hedgefund scheme Merryland May 2016 #18
Whoa! Where can I invest? dchill May 2016 #26
And, as well all know, like father, like son. Right? COLGATE4 May 2016 #128
His MA from Oxford included economics. Duppers May 2016 #46
Having a liberal arts degree My Good Babushka May 2016 #56
Liberal Arts degrees are handouts egalitegirl May 2016 #61
excuse me? WHUT? bettyellen May 2016 #63
It is the truth, student loans benefit wealthy universities egalitegirl May 2016 #66
Too bad you never had the chance to personally experience what COLGATE4 May 2016 #129
I do not mean science and math egalitegirl May 2016 #139
If your university courses were the equivalent of high COLGATE4 May 2016 #142
Accreditation body approves of it egalitegirl May 2016 #144
I don't think you understand how accreditation works. COLGATE4 May 2016 #159
i see a little trump in him yourpaljoey May 2016 #6
which doesn't have ANYTHING..... chillfactor May 2016 #7
Nothing to see here, people. Let's move on! dchill May 2016 #27
Nothing to do with the Primaries, right like Halliburton had nothing to do with Cheney 2banon May 2016 #89
You win some ands you lose some taught_me_patience May 2016 #10
This message was self-deleted by its author CountAllVotes May 2016 #55
So now DUers are leftynyc May 2016 #79
Who cares? woolldog May 2016 #12
What Hillary thinks of her son-in-law's recklessness with other people's money, that's of interest. reformist2 May 2016 #16
Why does this matter? woolldog May 2016 #39
I think you should ask her. COLGATE4 May 2016 #130
If someone Hilary knows takes a shit ... JoePhilly May 2016 #38
I find this story hilarious, and revealing. Shows just who the Clintons roll with these days. reformist2 May 2016 #13
Boy rich babies CountAllVotes May 2016 #53
Clinton takes money from wall street and her son in law works on wall street? coffeeAM May 2016 #14
And she also voted to give people's money to Wall Street! egalitegirl May 2016 #145
This message was self-deleted by its author cyberpj May 2016 #19
you sound jealous of her lifestyle. woolldog May 2016 #43
It's not jealousy, it's contempt My Good Babushka May 2016 #59
Pathologically jealous. COLGATE4 May 2016 #131
And Chelsea sounds like a self-absorbed rich kid who never had to worry about Arugula Latte May 2016 #151
The Clinton heir apparent???? Beacool May 2016 #20
Part of her flock. Big promises on the selling end, Disappointing results. JudyM May 2016 #22
Awwwwww leftynyc May 2016 #80
Unlike you, I have compassion for strangers losing 90%, unless I know they are a-holes. JudyM May 2016 #91
They INVESTED leftynyc May 2016 #101
+1,000 !! CountAllVotes May 2016 #102
This message was self-deleted by its author cyberpj May 2016 #24
Yea but people you are replying to in this thread TimPlo May 2016 #78
I don't think you even understand what Steinbeck meant when he talked about COLGATE4 May 2016 #132
Sorry about my spelling I suffered a brain injury when was in military TimPlo May 2016 #146
If what you're saying is true, then I an sorry for your injury. You are still wrong about COLGATE4 May 2016 #158
House of Clinton = house of cards. JudyM May 2016 #21
Too much TV possibly. bettyellen May 2016 #67
Nope. I intended it in its generic expression sense, not capitalized. JudyM May 2016 #68
And the rich get to use these losses lancer78 May 2016 #23
Losing rich people's money beats running a college into the ground MattP May 2016 #28
This is actually good for her politically.. speaktruthtopower May 2016 #30
Maybe he just didn't listen. 840high May 2016 #33
So true. woolldog May 2016 #44
Could've been bad info. Duppers May 2016 #48
Wow. Makes me wish those transcripts had been released even more now. nt silvershadow May 2016 #32
family of grifters, all. nt grasswire May 2016 #34
LOL leftynyc May 2016 #81
Gosh, I wonder if anyone thinks he would be PERFECT to hand the Social Security fund to, to djean111 May 2016 #35
Bill Clinton and Paul Ryan on Privatizing Social Security...Cato Institute KoKo May 2016 #87
Thanks for keeping track of this. With all the waffling it is good to know the record. newthinking May 2016 #95
he'll have to move in with his in-laws! MisterP May 2016 #40
C'mon Hillary supporters, I am waiting for today's meme! truedelphi May 2016 #41
Isn't that the daily BS meme, whenever anyone finds any wrongdoing on the part synergie May 2016 #50
Let me know when it's a scandal Sparkly May 2016 #42
Yeah. So? zappaman May 2016 #47
Do you actually believe that this is a credible source? synergie May 2016 #49
Nice article. Octafish May 2016 #71
cool, looks like the corporate dems found their 2024 candidate! Cobalt Violet May 2016 #51
And this has WHAT to do with HRC? apcalc May 2016 #52
I'd like her to comment on her son-in-law's reckless behavior with other people's money. reformist2 May 2016 #54
So would the jerks at Fox News, doesn't mean it is going to happen. LOL. bettyellen May 2016 #64
Exactly treestar May 2016 #96
And Billy Beer is out of business too!!! Sancho May 2016 #57
Sounds like he's another Bernie Madoff. B Calm May 2016 #58
His dad, Edward spent 5 years in federal prison for a Ponzi scheme Holly_Hobby May 2016 #72
No, his father was a small time Madoff BernieforPres2016 May 2016 #76
Before you post shit like this, you really ought to educate yourself COLGATE4 May 2016 #133
He ran a ponzi scheme using Hedge Funds old wise one. Now get lost! B Calm May 2016 #152
So tell me how a Ponzi scheme compares to a legitimate investment group COLGATE4 May 2016 #156
Oh I'm sure everything he did with his clients money was completely legal. They took high risks B Calm May 2016 #160
Aside from not understanding either the market or the laws regarding COLGATE4 May 2016 #161
No proof here. Why don't you give the guy a call and invest your B Calm May 2016 #162
We're not talking about my investments. We're talking about COLGATE4 May 2016 #163
LOL, you are arguing for the sake of arguing. I feel any B Calm May 2016 #164
You have been alleging that Chelsea's husband was guilty of COLGATE4 May 2016 #165
YAWN! The only bullshitter here is Chesea's husband and YOU! B Calm May 2016 #166
Fortunately, other DU'ers will be the judge of that. COLGATE4 May 2016 #167
Absolutely! I'll bet the vast majority of DU'ers would never invest B Calm May 2016 #168
So Chelsea married someone with low intelligence? egalitegirl May 2016 #60
You think either of them lost a nickle? leftynyc May 2016 #82
Gloating over bonuses by making others lose their money? egalitegirl May 2016 #90
Spare me the faux outrage leftynyc May 2016 #104
Inferior intellect egalitegirl May 2016 #118
Kid made the mistake of getting into the game on the tail end. Octafish May 2016 #69
It's hard out here for a hedge fund hustler. marmar May 2016 #70
I guess he's a lousy businessman. Dem2 May 2016 #73
So fucking what? leftynyc May 2016 #74
Maybe they can find something he can do at the Clinton Foundation. hollowdweller May 2016 #75
$25 million loss is a small portion compared to the $300 billion assets under their management BlueStateLib May 2016 #84
And they don't even seem to have a website. Ash_F May 2016 #134
In the financial casino, the house always wins hobbit709 May 2016 #97
Seems things are ... Aerows May 2016 #100
They gambled and lost. Turin_C3PO May 2016 #106
Absolutely - positively - not one fucking thing! COLGATE4 May 2016 #135
Can I ask what this story has to do with the Democratic Primary? brooklynite May 2016 #124
If he were Hillary's fifth cousin twice removed from a prior COLGATE4 May 2016 #136
But he ISN'T. He is her immediate family who obviously traded on the Clinton name ... AzDar May 2016 #140
And you know that how? Nothing but an unsubstantiated assumption COLGATE4 May 2016 #141
You give it a rest... clearly, you didn't read the article. I'd want to run away from reality, too AzDar May 2016 #147
So the answer is that you cannot support that wild-ass COLGATE4 May 2016 #157
Grifters, the lot of them. AtomicKitten May 2016 #137
Geez, using the same language as this thread NobodyHere May 2016 #138

Actor

(626 posts)
1. Alleged liberal on alleged liberal message board posts anything and everything
Thu May 12, 2016, 07:41 PM
May 2016

to smear Hillary Clinton

Baobab

(4,667 posts)
25. How could anybody lose 90%?
Thu May 12, 2016, 08:13 PM
May 2016

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

(28,825 posts)
45. The money is not lost, it went somewhere. The questions: Where? How many levels of connection?
Thu May 12, 2016, 10:42 PM
May 2016

.


One could also ask what his bonus was that year?

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


.

 

2banon

(7,321 posts)
88. that's exactly what I'm thinking.. it just doesn't make sense otherwise
Fri May 13, 2016, 10:24 AM
May 2016

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

(1,473 posts)
112. Besides the fact that thread is a pathetic attempt at yet another smear
Fri May 13, 2016, 01:26 PM
May 2016

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.

 

bettyellen

(47,209 posts)
65. If the fund did well- then it would be "evidence" of "corruption"......
Fri May 13, 2016, 09:20 AM
May 2016

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

Actor

(626 posts)
83. I think hedge funds and their managers are horrible and bad for society, but I think Trump is
Fri May 13, 2016, 10:03 AM
May 2016

worse.

newthinking

(3,982 posts)
93. I don't think of this story as about corruption. More telling about values and competence
Fri May 13, 2016, 11:18 AM
May 2016

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

(47,209 posts)
98. Let's judge Bernie's children- specifically their marriages! How ridiculous that sounds.....
Fri May 13, 2016, 11:53 AM
May 2016

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

 

Aerows

(39,961 posts)
105. Bettyellen, you are pretty savvy
Fri May 13, 2016, 01:03 PM
May 2016

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

(47,209 posts)
107. I don't think their marriages or their children should have any bearing at all......
Fri May 13, 2016, 01:06 PM
May 2016

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

 

Aerows

(39,961 posts)
108. I'm pretty sure
Fri May 13, 2016, 01:09 PM
May 2016

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

(47,209 posts)
120. I don't think their marriages or kids should be made an issue of. At all.
Fri May 13, 2016, 01:41 PM
May 2016

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

(39,961 posts)
122. Far be it from me
Fri May 13, 2016, 01:44 PM
May 2016

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

(47,209 posts)
123. I think it's fucked up society expects them to be married and have kids and whatever...
Fri May 13, 2016, 01:48 PM
May 2016

Silly the things people make issues of.

 

Aerows

(39,961 posts)
125. I'm puzzled
Fri May 13, 2016, 01:50 PM
May 2016

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

Baobab

(4,667 posts)
148. Do you understand the concept of fiduciary duty?
Fri May 13, 2016, 06:40 PM
May 2016

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

(47,209 posts)
149. HRC bears no responsibility for her children's spouses work lives, for fucks sake. I could care less
Fri May 13, 2016, 06:42 PM
May 2016

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

Baobab

(4,667 posts)
150. I wasnt talking about Hillary, I was talking about her son in law.
Fri May 13, 2016, 06:50 PM
May 2016

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

(47,209 posts)
153. This is GDP. You are only talking about him because he married a Clinton.
Fri May 13, 2016, 07:03 PM
May 2016

Not going to say I think this is cool.

Baobab

(4,667 posts)
155. The culture of IMPUNITY is an issue too with them.
Fri May 13, 2016, 08:06 PM
May 2016
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

(14,791 posts)
126. Jesus Christ! Do you think you're another Doctor Phil?
Fri May 13, 2016, 02:33 PM
May 2016

"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

(23,720 posts)
85. Smear
Fri May 13, 2016, 10:13 AM
May 2016
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?
 

Aerows

(39,961 posts)
117. I'm not sure if it is allowed
Fri May 13, 2016, 01:37 PM
May 2016

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

Actor

(626 posts)
119. Like a friend of mine on Sirius was saying today, people who have done NOTHING
Fri May 13, 2016, 01:39 PM
May 2016

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

(39,961 posts)
121. Ooo. Friends on satellite radio.
Fri May 13, 2016, 01:43 PM
May 2016

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

 

Aerows

(39,961 posts)
103. Reporting financial facts
Fri May 13, 2016, 12:58 PM
May 2016

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!"

 

Aerows

(39,961 posts)
114. Nah, bettyellen is cool
Fri May 13, 2016, 01:32 PM
May 2016

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

(38,613 posts)
109. Well, you're an expert on posting anything and everything. Playing that role!
Fri May 13, 2016, 01:16 PM
May 2016

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

Actor

(626 posts)
111. Refute what? First, the source is entirely unknown as far as I can tell, but let's assume
Fri May 13, 2016, 01:21 PM
May 2016

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.

Baobab

(4,667 posts)
154. Hillary not liberal unless you mean "neoliberal"
Fri May 13, 2016, 07:36 PM
May 2016

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

(116,297 posts)
2. What does any of this have to do with the primaries?
Thu May 12, 2016, 07:44 PM
May 2016

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

COLGATE4

(14,791 posts)
127. That has to be one of the stupidest answers I've
Fri May 13, 2016, 02:37 PM
May 2016

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

 

AzDar

(14,023 posts)
9. Read the article. Hillary's bestie Lloyd Blankfein invested and let Mezvinsky use his name...
Thu May 12, 2016, 07:50 PM
May 2016

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

 

AzDar

(14,023 posts)
17. You're confused. The SIL used the Clintons as a vehicle... which makes this absolutely RELEVANT.
Thu May 12, 2016, 08:01 PM
May 2016
 

leftynyc

(26,060 posts)
77. This pathetic attempt
Fri May 13, 2016, 09:54 AM
May 2016

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.

GreydeeThos

(958 posts)
143. I am talking about our candidate for the Presidential nomination
Fri May 13, 2016, 05:30 PM
May 2016

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

DebbieCDC

(2,544 posts)
5. Has degrees in religion, philosophy and politics
Thu May 12, 2016, 07:48 PM
May 2016

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.

Duppers

(28,223 posts)
46. His MA from Oxford included economics.
Fri May 13, 2016, 02:01 AM
May 2016

I thought what you did until I read that.

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

My Good Babushka

(2,710 posts)
56. Having a liberal arts degree
Fri May 13, 2016, 07:30 AM
May 2016

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

(362 posts)
61. Liberal Arts degrees are handouts
Fri May 13, 2016, 09:06 AM
May 2016

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.

 

egalitegirl

(362 posts)
66. It is the truth, student loans benefit wealthy universities
Fri May 13, 2016, 09:21 AM
May 2016

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

(14,791 posts)
129. Too bad you never had the chance to personally experience what
Fri May 13, 2016, 02:41 PM
May 2016

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

(362 posts)
139. I do not mean science and math
Fri May 13, 2016, 04:11 PM
May 2016

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

(14,791 posts)
142. If your university courses were the equivalent of high
Fri May 13, 2016, 05:29 PM
May 2016

school you really made a very bad investment.

 

egalitegirl

(362 posts)
144. Accreditation body approves of it
Fri May 13, 2016, 05:39 PM
May 2016

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

(14,791 posts)
159. I don't think you understand how accreditation works.
Sat May 14, 2016, 12:01 AM
May 2016

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.

 

2banon

(7,321 posts)
89. Nothing to do with the Primaries, right like Halliburton had nothing to do with Cheney
Fri May 13, 2016, 10:34 AM
May 2016

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% ..

Response to taught_me_patience (Reply #10)

 

leftynyc

(26,060 posts)
79. So now DUers are
Fri May 13, 2016, 09:55 AM
May 2016

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

JoePhilly

(27,787 posts)
38. If someone Hilary knows takes a shit ...
Thu May 12, 2016, 08:37 PM
May 2016

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

CountAllVotes

(21,031 posts)
53. Boy rich babies
Fri May 13, 2016, 05:54 AM
May 2016

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

(180 posts)
14. Clinton takes money from wall street and her son in law works on wall street?
Thu May 12, 2016, 07:57 PM
May 2016

Please tell me this is not real..!

Response to AzDar (Original post)

My Good Babushka

(2,710 posts)
59. It's not jealousy, it's contempt
Fri May 13, 2016, 07:37 AM
May 2016

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.

 

Arugula Latte

(50,566 posts)
151. And Chelsea sounds like a self-absorbed rich kid who never had to worry about
Fri May 13, 2016, 06:54 PM
May 2016

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

Beacool

(30,289 posts)
20. The Clinton heir apparent????
Thu May 12, 2016, 08:08 PM
May 2016

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.

 

leftynyc

(26,060 posts)
80. Awwwwww
Fri May 13, 2016, 09:57 AM
May 2016

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

JudyM

(29,491 posts)
91. Unlike you, I have compassion for strangers losing 90%, unless I know they are a-holes.
Fri May 13, 2016, 10:58 AM
May 2016

Stereotype much?

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

 

leftynyc

(26,060 posts)
101. They INVESTED
Fri May 13, 2016, 12:55 PM
May 2016

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.

Response to Beacool (Reply #20)

 

TimPlo

(443 posts)
78. Yea but people you are replying to in this thread
Fri May 13, 2016, 09:55 AM
May 2016

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

(14,791 posts)
132. I don't think you even understand what Steinbeck meant when he talked about
Fri May 13, 2016, 02:47 PM
May 2016

"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

(443 posts)
146. Sorry about my spelling I suffered a brain injury when was in military
Fri May 13, 2016, 05:59 PM
May 2016

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

(14,791 posts)
158. If what you're saying is true, then I an sorry for your injury. You are still wrong about
Fri May 13, 2016, 11:58 PM
May 2016

Steinbeck.

 

lancer78

(1,495 posts)
23. And the rich get to use these losses
Thu May 12, 2016, 08:12 PM
May 2016

to reduce their tax liability.

"Only the little people pay taxes."

 

woolldog

(8,791 posts)
44. So true.
Thu May 12, 2016, 10:38 PM
May 2016

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!

 

leftynyc

(26,060 posts)
81. LOL
Fri May 13, 2016, 09:59 AM
May 2016

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

(14,255 posts)
35. Gosh, I wonder if anyone thinks he would be PERFECT to hand the Social Security fund to, to
Thu May 12, 2016, 08:32 PM
May 2016

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

(84,711 posts)
87. Bill Clinton and Paul Ryan on Privatizing Social Security...Cato Institute
Fri May 13, 2016, 10:21 AM
May 2016

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

 

synergie

(1,901 posts)
50. Isn't that the daily BS meme, whenever anyone finds any wrongdoing on the part
Fri May 13, 2016, 04:34 AM
May 2016

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

Sparkly

(24,309 posts)
42. Let me know when it's a scandal
Thu May 12, 2016, 09:07 PM
May 2016

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

 

synergie

(1,901 posts)
49. Do you actually believe that this is a credible source?
Fri May 13, 2016, 04:33 AM
May 2016

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

(55,745 posts)
71. Nice article.
Fri May 13, 2016, 09:41 AM
May 2016
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?

BernieforPres2016

(3,017 posts)
76. No, his father was a small time Madoff
Fri May 13, 2016, 09:53 AM
May 2016

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

(14,791 posts)
133. Before you post shit like this, you really ought to educate yourself
Fri May 13, 2016, 02:51 PM
May 2016

as to what Bernie Madoff did.

COLGATE4

(14,791 posts)
156. So tell me how a Ponzi scheme compares to a legitimate investment group
Fri May 13, 2016, 11:55 PM
May 2016

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

 

B Calm

(28,762 posts)
160. Oh I'm sure everything he did with his clients money was completely legal. They took high risks
Sat May 14, 2016, 05:19 AM
May 2016

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

COLGATE4

(14,791 posts)
161. Aside from not understanding either the market or the laws regarding
Sat May 14, 2016, 10:11 AM
May 2016

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

(28,762 posts)
162. No proof here. Why don't you give the guy a call and invest your
Sat May 14, 2016, 10:35 AM
May 2016

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

COLGATE4

(14,791 posts)
163. We're not talking about my investments. We're talking about
Sat May 14, 2016, 10:43 AM
May 2016

your proving your allegations of wrongdoing. Well?

 

B Calm

(28,762 posts)
164. LOL, you are arguing for the sake of arguing. I feel any
Sat May 14, 2016, 10:48 AM
May 2016

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

COLGATE4

(14,791 posts)
165. You have been alleging that Chelsea's husband was guilty of
Sat May 14, 2016, 10:50 AM
May 2016

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

(28,762 posts)
168. Absolutely! I'll bet the vast majority of DU'ers would never invest
Sat May 14, 2016, 10:55 AM
May 2016

invest in an UNREGULATED HEDGE FUND!

 

egalitegirl

(362 posts)
60. So Chelsea married someone with low intelligence?
Fri May 13, 2016, 09:01 AM
May 2016

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

 

egalitegirl

(362 posts)
90. Gloating over bonuses by making others lose their money?
Fri May 13, 2016, 10:53 AM
May 2016

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

(26,060 posts)
104. Spare me the faux outrage
Fri May 13, 2016, 01:00 PM
May 2016

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

(362 posts)
118. Inferior intellect
Fri May 13, 2016, 01:38 PM
May 2016

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

(55,745 posts)
69. Kid made the mistake of getting into the game on the tail end.
Fri May 13, 2016, 09:38 AM
May 2016

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.

 

leftynyc

(26,060 posts)
74. So fucking what?
Fri May 13, 2016, 09:52 AM
May 2016

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.

BlueStateLib

(937 posts)
84. $25 million loss is a small portion compared to the $300 billion assets under their management
Fri May 13, 2016, 10:05 AM
May 2016
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

hobbit709

(41,694 posts)
97. In the financial casino, the house always wins
Fri May 13, 2016, 11:31 AM
May 2016

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

 

Aerows

(39,961 posts)
100. Seems things are ...
Fri May 13, 2016, 12:53 PM
May 2016

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

Turin_C3PO

(15,421 posts)
106. They gambled and lost.
Fri May 13, 2016, 01:06 PM
May 2016

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

(14,791 posts)
135. Absolutely - positively - not one fucking thing!
Fri May 13, 2016, 02:54 PM
May 2016

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

(96,882 posts)
124. Can I ask what this story has to do with the Democratic Primary?
Fri May 13, 2016, 01:49 PM
May 2016

Would Billy Carter stories have been appropriate in 1976?

COLGATE4

(14,791 posts)
136. If he were Hillary's fifth cousin twice removed from a prior
Fri May 13, 2016, 02:55 PM
May 2016

marriage you'd be hearing about him TODAY.

COLGATE4

(14,791 posts)
141. And you know that how? Nothing but an unsubstantiated assumption
Fri May 13, 2016, 05:28 PM
May 2016

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

 

AzDar

(14,023 posts)
147. You give it a rest... clearly, you didn't read the article. I'd want to run away from reality, too
Fri May 13, 2016, 06:30 PM
May 2016

if I supported such a shady candidate.

COLGATE4

(14,791 posts)
157. So the answer is that you cannot support that wild-ass
Fri May 13, 2016, 11:57 PM
May 2016

allegation with any facts. About what I expected.

 

NobodyHere

(2,810 posts)
138. Geez, using the same language as this thread
Fri May 13, 2016, 03:09 PM
May 2016

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

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