{"id":20584,"date":"2016-05-14T09:34:36","date_gmt":"2016-05-14T14:34:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20584"},"modified":"2016-05-14T09:34:36","modified_gmt":"2016-05-14T14:34:36","slug":"blockbuster-story-how-hedge-funds-invest-heavily-in-washington-d-c-s-culture-of-corruption","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20584","title":{"rendered":"Blockbuster Story \u2013 How Hedge Funds Invest Heavily in Washington D.C.\u2019s Culture of Corruption"},"content":{"rendered":"
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Blockbuster Story \u2013 How Hedge Funds Invest Heavily in Washington D.C.\u2019s Culture of Corruption<\/a><\/h3>\n
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Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece\u00a0in the\u00a0Huffington Post<\/em>, titled:\u00a0The Vultures\u2019 Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington<\/a>.<\/p>\n

It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable quest for more and more money. In many ways, it\u2019s merely a microcosm\u00a0of America in 2016. A culture\u00a0in which ethics has become so irrelevant, it isn\u2019t even a nuisance; it simply never factors into the equation.<\/p>\n

The first few paragraphs set the stage perfectly:<\/p>\n

WASHINGTON \u2013 Take Robert Shapiro.<\/em><\/p>\n

A Harvard-trained economist, Shapiro is the head of a consulting firm called\u00a0Sonecon.<\/a>\u00a0That business card doesn\u2019t do it for you? He\u2019s got a few more in his wallet:<\/em><\/p>\n

Senior fellow at the Georgetown University School of Business.<\/em><\/strong><\/p>\n

Adviser to the International Monetary Fund.<\/em><\/strong><\/p>\n

Director of the Globalization Initiative at\u00a0NDN<\/a>, a progressive think tank.<\/em><\/strong><\/p>\n

Shapiro, a Democrat, has advised presidents and presidential candidates, and has held powerful government posts. It stands to reason, then, that when he has thoughts on public policy, he can find an outlet ready to publish them.<\/em><\/strong><\/p>\n

Recently, he\u2019s had ideas on how the government can address the\u00a0debt crisis in Puerto Rico<\/a>\u00a0and how it can\u00a0end the conservatorship of Fannie Mae and Freddie Mac by\u00a0<\/a>moving them into the private market. Before that, he had\u00a0a take on how to deal with Argentina\u2019s debt crisis<\/a>. For all three, he produced academic-looking papers, complete with footnotes and charts.<\/em><\/p>\n

All three situations have one thing in common: If they were resolved the way Shapiro suggested, a variety of bets placed by a select group of the most politically powerful hedge funds would pay off in a huge way. In the case of Argentina,\u00a0they mostly have.<\/a>\u00a0<\/em><\/strong><\/p><\/blockquote>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Blockbuster Story \u2013 How Hedge Funds Invest Heavily in Washington D.C.\u2019s Culture of Corruption Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece\u00a0in the\u00a0Huffington Post, titled:\u00a0The Vultures\u2019 Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington. It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[1769,370,2297,7265,418,434,4285,6174,7405,13802,13801,865],"class_list":["post-20584","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-corruption","tag-globalization","tag-hedge-funds","tag-huffington-post","tag-imf","tag-international-monetary-fund","tag-liberty-blitzkrieg","tag-michael-krieger","tag-paul-blumenthal","tag-robert-shapiro","tag-ryan-grim","tag-washington"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20584"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20584\/revisions"}],"predecessor-version":[{"id":20585,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20584\/revisions\/20585"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}