Story here on Big Government. (H/T ECM)
Excerpt:
The world’s top-earning hedge fund managers have bankrolled almost exclusively Democratic campaigns.
The top 10 highest-paid hedge fund managers in 2009 have dished out campaign contributions almost only to Democrats.
Over their lifetimes, those managers have given almost $33 million in campaign contributions to Democrats, according to research by the National Republican Congressional Committee (NRCC) and that is based on data maintained by the nonpartisan CQMoneyline.
The same managers gave roughly $600,000 to Republicans, according to the research. The contributions went 98 percent to Democrats and two percent to Republicans.
But there’s more:
As the Senate prepares to debate possibly hundreds of amendments to a Wall Street overhaul bill, labor unions and others have criticized the bill for not having tough restrictions on hedge funds.
“It’s very disconcerting to see this legislation moving forward that gives them a complete pass,” said Heather Slavkin, of AFL-CIO.
I wonder if the two facts are connected in some way? Maybe.
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WINTERY KNIGHT 
I doubt there is a correlation; especially since it’s the republicans that have blocked all of the latest legislation to prevent the same events from happening…
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Oh, you mean the bill that provides banks that are too big to fail with the massive line of credit so they can get automatic bailouts without congressional approval? The bill that was panned as ineffective by MIT professors of finance who max out their donations to Democrats? (New York Times article linked! h/t ECM)
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Really, Mr.Knight, beating up Jerry is like a bodybuilder kicking the living hell out of a toddler–I hope you’re pleased with yourself XD
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I’m actually out-of-my-mind in love right now, so I figured it was a fair fight. See how I link to the New York Times to win my case?
I’m just kidding Jerry. I’m just deflecting you. A better argument on your side would be to say where were the Republican efforts at financial reform when they had control of Congress?
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No, I’m talking about the bill that the democrats just attempted to pass would end bailouts – not the bill that Bush passed while winding down his presidency that started bailing out the too big to fail banks. Republicans believe that too big to fail is just the right size. I believe too big to fail is too big. If we can’t let the invisible hand of the free market system remove these bad companies because doing so would decimate our economy, then they are too big. The most recent bill would allow the safe unwinding of such companies and put laws in place that would prevent them from taking the unsafe risks they did that got us into this situation. The reds just want the status quo.
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