Senator Mark Warner suggests cutting social security. Think he's the only Dem

[octoberlib]

88. This is despicable.

I just read David Dayen's article on this conference.


At the root, the Milken conference is an investor conference. Attendees want to know about national politics and global military campaigns, but only insofar as that intelligence produces new opportunities to make money. A panel called “Value in Turmoil” was as packed as any that I attended. “Opportunities in distress” was a recurring theme.

“There’s a lot more hope in emerging markets,” said Steve Tananbaum, a vulture fund investor with GoldenTree Asset Management during a panel in the International Ballroom, the same place where they hold the Golden Globes. “Argentina and Brazil, there’s a reaction that’s a positive, pro-market reaction,” he added, referring to the attempted coup on Dilma Roussef. Discussion of the effect on people living in these countries was outside the frame of reference.

At a different panel, Jim McCaughan of Principal Global Investors pronounced himself “a heretic on infrastructure,” because Uber and driverless cars were so efficient that we didn’t need to spend as much on building roads anymore

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https://theintercept.com/2016/05/05/at-conference-of-elites-the-distress-of-others-is-an-investment-opportunity/


These fucks.