Monday, July 4, 2016

More Clinton Self-Enrichment



“Clinton sought secret info on EU bailout plans as son-in-law’s doomed hedge fund gambled on Greece” Hedge fund manager Marc Mezvinsky had friends in high places when he bet big on a Greek economic recovery, but even the keen interest of his mother-in-law, then-Secretary of State Hillary Clinton, wasn’t enough to spare him and his investors from financial tragedy.
In 2012, Mezvinski, the husband of Chelsea Clinton, created a $325 million basket of offshore funds under the Eaglevale Partners banner through a special arrangement with investment bank Goldman Sachs. The funds have lost tens of millions of dollars predicting that bailouts of the Greek banking system would pump up the value of the country’s distressed bonds. One fund, exclusively dedicated to Greek debt, suffered near-total losses.
Maybe I’m cynical, but given this is the Clinton’s, if I were an investor in that fund I would want to check the receipts very carefully.
Clearly only an idiot would think Greece was going to have a resurgence after the bailout, given their cultural tendencies toward tax evasion and profligate government spending on entitlements. So why would Clinton’s son in law bet everything on a resurgence, especially when he had inside information which should have confirmed the obvious? It doesn’t make sense.
Here is an alternate scenario I would examine, if I was paranoid, and thought the Clintons and all their family were degenerate criminals: He knew it was going to fail.
Now suppose I am a rich idiot, and for purposes of simplicity the only investor in this fund. Clinton’s son in law comes to me, tells me he has an inside track, and I should give him $325 million to invest.
Clinton’s son in law can do it one of two ways. He can bust his ass 20 hours a day, 7 days a week, doing due diligence on all the financial investments he will spread the wealth into, looking at every possible option, mapping out their potential returns, figuring the probabilities of alternate outcomes, and selecting the very best investments of the lot that will give the best returns. Then he can take his small percentage of the held funds, maybe ten or twenty million, to share with his partners, in return for his months of 24/7 work. And if he is successful, he has just opened the door to even more work.
Or he can just find ten investments guaranteed to fail (relatively easy to do with inside information). He pockets the $325 million, and when they fail, tosses me some dummied up paperwork showing he invested in them, and, oh, well, you win some and you lose some. Little to no work, $325 million, and he’s done. Can I really track that cash’s path, exactly? Will anyone dumb enough to give a Clinton cash doubt a Clinton?
Which scenario sounds more like a liberal’s modus operandi? Which sounds more like a Clinton’s? How many investors do you think decided to track their money precisely, to see where it went?
Moreover, how many do you think invested with an expectation of favors from Hillary? Hell, many may have invested with an expectation the money would disappear, only to emerge in a Clinton bank account somewhere.
Increasingly, I view the whole system as corrupt, and wholly untrustworthy. And as the Apocalypse approaches, it will only get more so. Desperation will bring out the worst in everyone.

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