Listen To You Tell Me Texas Friday 5/13/16
Does the name Marc Mezvinsky ring a bell? No? I’ll confess, it didn’t ring a bell with me either.
But we know of him. He’s married to Chelsea Clinton, daughter of Bill and Hillary. He’s a hedge fund manager. Or at least he was.
However, as the New York Times reports, the Eaglevale Hellenic Opportunity Fund, an investment fund he established along with two former colleagues from Goldman Sachs, is shutting down after having lost 90 percent of its value.
The Eaglevale Hellenic Opportunity Fund was created to capitalize on the idea that the Greek economy was poised for a rebound and that strategically placed investments in Greece would pay off handsomely.
Pouring good capital into a bankrupt welfare state. What could go wrong?
Just about everything, apparently.
This is not to demean a high-risk investment fund that went broke. That such funds exist is a testament to capitalism. There have been similar funds invested in propositions with similarly high levels of risk that have paid off handsomely.
That some wealthy people invested money and lost it isn’t the story.
The story is that losing a boatload of investment capital will not adversely affect Marc and Chelsea one little bit. They will still live in their $10 million Manhattan apartment and still get around on private jets. Chelsea will still get $600,000 a year jobs doing essentially nothing – such as the one she had at NBC from 2011 to 2014.
That’s because in all likelihood, those that invested in the fund didn’t really expect to ever see their money again. They invested money with Hillary’s son-in-law in order to bank a favor with Hillary.
If you still need an explanation for Donald Trump’s apparently unstoppable rise, look no further than this story. If your business or my business loses millions of dollars, we likely have to sell our homes. We ride in coach – assuming we take a trip by air at all. People stop taking our phone calls.
But with the right connections – particularly liberal connections – failure carries exactly no consequence.
If it turns out that you don’t get to keep your health plan, those who told you otherwise get to joke about it.
If an IRS official gets caught behaving unethically – if not illegally – she gets to avoid prosecution and retire on a six figure pension.
RELATED: Lois Lerner – Phony scandal or real coverup?
And if the head of a cabinet-level department lies repeatedly, mishandles government secrets, and violates federal law and policy regarding official communications, she gets to have a shot at becoming president.
Millions of middle class Americans that have seen their financial circumstances deteriorate year-by-year for a decade have had it with well-connected elites. The people who obey the law, file and pay their taxes on time and who only get to keep their jobs if they perform well doing them, are sick of the consequence-free zone inside the Washington, D.C. beltway.
Billionaire that he is, Trump doesn’t look or sound like an unaccountable Acela Corridor snob.
And that’s why he’s winning.
Another column right on target all the way. And its isn’t jut the federal government. I live in Arlington where social engineering wastes millions–like bike lanes added to our streets to encourage us to give up cars and bike to work, or a 550 car park-and-ride on Lamar Street that sits empty day after day. Government never apologies for its mistakes, it just doubles down on the dumbness.
The clintons feel as though they are untouchable, this is why hillary is acting as though nothing will come of the emails or the Bengazi cover-up. For someone who claims to be a great one for women’s causes, take a good look at the women with whom her husband has dallied with and how they were treated by hillary. Instead of putting the blame where it belongs, in bill’s lap, she tried to destroy the lives of the women. For her to say a word about Trump and how he treats women, she had better look in the mirror! And for someone who claimed they were broke when they left the Whitehouse, they have seemed to rebound nicely…being broke and now multimillionaires? Do they include themselves when they talk about the rich should pay their fair share? If it weren’t for the rich, no one would have a job. Poor people do not own businesses or employ people. Despite what hillary or the bern tells you, Utopia does not exist on this planet. It is near impossible for people such as myself, who really needs a job, to find one in this obama economy and will be impossible if hillary has her way!!!