"There is always a philosophy for lack of courage."—Albert Camus

Tuesday, May 08, 2007

Poverty On Wall Street

So John Edwards, Democratic Presidential wannabe and fabulously wealthy trial lawyer, worked part-time at a NY hedge fund because, he says, he wanted to "learn" about markets. And, no, he won't say how much he was paid, though we'll all learn that in May (when he has to file his financial disclosure forms or somesuch). Just wanted to learn about markets. Righty-o, Mr. "Two-Americas," Mr. "we gotta end poverty now", yep, that's entirely believable. Because I'm just sure that there's no-one, not a soul at that fine institution, the University of North Carolina, who could spend, oh, a few days with Mr. Edwards to get him up to speed on markets. Not a soul. Heck, there's no where in the world where you could get such information. You can only learn that sort of stuff while getting some big bucks on the side.

Well, in case you're not entirely convinced by former Sen. Edwards' Richie-rich sorta-faux populism, let me suggest another reason for his working for a NEW YORK hedge fund...donations, donations, donations. The article notes that the employees at his former fund constitute now his single biggest group of contributors. What better way to cut into the Wall Street crowd and lure some campaign contributions than to be shoulder to shoulder with them?

3 comments:

Hunter Baker said...

This is a theme that will never stop giving.

Tom Van Dyke said...

Aye, HB, and hope Mr. Simpson runs with it.

You wanna be Ralph Nader or Francis of Assisi, live like 'em. One is secular and one had that religion thing, but both can be called saints, according to their own creeds.

Jay D. Homnick said...

No one has a richer fund of hedges than a politician.