Saturday, August 28, 2010

Financier’s Largess Shows G.O.P.’s Wall St. Support

The New York Times reports on Wall Street's turn against the Democrats:
At a black-tie dinner in April, a politically influential hedge fund manager named Paul Singer offered a blistering critique of the “terrible path” he said Washington politicians were charting on economic issues.

Mr. Singer, professorial and soft-spoken, used a gathering of business and government leaders at the conservative Manhattan Institute to lash out at “indiscriminate attacks by political leaders against anything that moves in the world of finance.” Government efforts to “take over and run” the economy through more regulations, he warned, threatened to ruin the United States’ standing as the world leader in finance.
An article well worth your time.