Thursday, May 19, 2016

Marc Mezvinsky, Wall Street, and the Clintons

The hedge fund of Chelsea Clinton's husband, Marc Mezvinsky, collapsed after making a preposterous bet that Greece's economy would rebound in the face of grinding austerity.

The above suggests one of the following is likely:
  1. Bill or Hillary (or both) had information that Greece would get an adequate rescue, which reached Chelsea's husband, but the rescue fell apart. 
  2. Mezvinsky believes in the cleansing powers of austerity for reasons that have nothing to do with the Clintons. 
  3. Bill or Hillary (or both) believe in the cleansing powers of austerity, which they imparted to Chelsea's husband.
The Clintons are partners with Wall Street, the Peterson Institute, and other austerity supporting groups. Bill supported reckless budget surpluses and trade deficits in the 1990s, both increased private sector debts and bubbles via accounting identity, both are commonly supported by pro-bubble and pro-austerity forces. Bill also supported financial deregulation. In Kentucky, Hillary informed us: "My husband, who I’m going to put in charge of revitalising the economy, because you know he knows how to do it."

Now Hillary is even more psychologically in debt to Wall Street after seeing her Wall Street partners lose with her son-in-law. "I gave your son-in-law my money, and I didn't even get a t-shirt." Lloyd Blankfein doesn't invest money with a neophyte hedge fund for fun and games. The Clintons have a history of rewarding donors.

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