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Thursday, November 13, 2008
Congress to grill hedge fund billionaires, friends included

The financial press is giddy over the prospect of sometime bulldog Rep. Henry Waxman, D-Calif., grilling hedge fund managers in a hearing today, at a time when big private money managers are being cast as villains in the global financial tragedy. 

But a look at the guest list shows there may be less real conflict in store than meets the eye. The first two names on the witness list are John Alfred Paulson, who famously made a fortune betting against subprime home loans and Wall Street excess, and George Soros, an outspoken opponent of President Bush and his policies and a big-wallet backer of Democratic Party candidates and causes.

How hard are you gonna hit 'em, Henry?  FT Alphaville story, with links to some testimony, here

 
Posted by Joseph N. DiStefano @ 10:49 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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