LIKE FATHER,LIKE SON
Chelsea's Husband Folds Greek Hedge Fund, Investors Lose Everything
http://newsbusters.org/blogs/nb/geoffrey-dickens/2016/05/10/charlie-rose-and-presidents-speechwriters-laugh-about-obamacare
RUSH: Have you heard this story? Chelsea Clinton's husband, Marc Mezvinsky, the son of Marjorie Margolies Mezvinsky. Remember that name? Clinton found a way to get her to vote for his budget back in 1993. Anyway, this Marc Mezvinsky guy is a hedge funder, and Chelsea Clinton is also on record saying, "I'm just not into money! I tried. I tried. I really try. But I just don't care. I'm not a money person." We think she was raised to say this by her parents who kept complaining about leaving the White House broke.
It's one of the lessons that rich Democrats learn early in life. The richer you are, the better. But you always act like you aren't and that it doesn't matter to you, that money couldn't just doesn't affect you (when it's all you're interested in). Well, it turns out this Mezvinsky guy, 'cause of connections with the Clintons, partnered up with Goldman Sachs to do a hedge fund in Greece. Now, tell me. We all know the problems that Greece had, right? They were practically belly up two different times.
Greece was facing default if it weren't for the Germans, right? There was no solution other than the EU. So this Marc Mezvinsky guy gets together with Goldman Sachs and starts a hedge fund, rolling the dice that Greece is going to have a massive economic recovery. The hedge fund has now lost, I think... Let me check the number. It's either million or billion. Let's see what it is. Ah, come on, where is it? I can't find it. Ah! There it is. It was a $25 million hedge fund, and all of the investors' money is gone. It was a $25 million hedge fund, and all the investors' money is gone.
Who in their right mind would invest in the economic rebound of Greece? In order to do that, what do you have to believe? That the European Union or some other government agency is gonna come along and bail them out? And not just bail 'em out, even the balance sheet? They're gonna bail 'em out to the point of a robust profit? But it didn't happen. Now, the Clintons have enough money to cover the loss. That $25 million? No big deal. I don't know what's gonna happen, but who in their right mind...? Can you imagine somebody's running a hedge fund, and they come say, "Hey, I've got this hedge fund, and we're investing in the rebound of Greece, and all I need from you is like, you know, a quick 50 mill or $50,000 or whatever"?
It boggles the mind.
Chelsea's Husband Folds Greek Hedge Fund, Investors Lose Everything
http://newsbusters.org/blogs/nb/geoffrey-dickens/2016/05/10/charlie-rose-and-presidents-speechwriters-laugh-about-obamacare
RUSH: Have you heard this story? Chelsea Clinton's husband, Marc Mezvinsky, the son of Marjorie Margolies Mezvinsky. Remember that name? Clinton found a way to get her to vote for his budget back in 1993. Anyway, this Marc Mezvinsky guy is a hedge funder, and Chelsea Clinton is also on record saying, "I'm just not into money! I tried. I tried. I really try. But I just don't care. I'm not a money person." We think she was raised to say this by her parents who kept complaining about leaving the White House broke.
It's one of the lessons that rich Democrats learn early in life. The richer you are, the better. But you always act like you aren't and that it doesn't matter to you, that money couldn't just doesn't affect you (when it's all you're interested in). Well, it turns out this Mezvinsky guy, 'cause of connections with the Clintons, partnered up with Goldman Sachs to do a hedge fund in Greece. Now, tell me. We all know the problems that Greece had, right? They were practically belly up two different times.
Greece was facing default if it weren't for the Germans, right? There was no solution other than the EU. So this Marc Mezvinsky guy gets together with Goldman Sachs and starts a hedge fund, rolling the dice that Greece is going to have a massive economic recovery. The hedge fund has now lost, I think... Let me check the number. It's either million or billion. Let's see what it is. Ah, come on, where is it? I can't find it. Ah! There it is. It was a $25 million hedge fund, and all of the investors' money is gone. It was a $25 million hedge fund, and all the investors' money is gone.
Who in their right mind would invest in the economic rebound of Greece? In order to do that, what do you have to believe? That the European Union or some other government agency is gonna come along and bail them out? And not just bail 'em out, even the balance sheet? They're gonna bail 'em out to the point of a robust profit? But it didn't happen. Now, the Clintons have enough money to cover the loss. That $25 million? No big deal. I don't know what's gonna happen, but who in their right mind...? Can you imagine somebody's running a hedge fund, and they come say, "Hey, I've got this hedge fund, and we're investing in the rebound of Greece, and all I need from you is like, you know, a quick 50 mill or $50,000 or whatever"?
It boggles the mind.