footnoted.org - 11/20/2008
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Last Thursday, we had the spectacle of five top hedge fund managers testifying on Capitol Hill. Several Congressmen honed in on the current tax code which allows hedge fund partners (and other partnerships) to be taxed at a lower rate because of the rules on carried interest . At last ...
bloomberg.com - 11/16/2008
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bloomberg.com —
Nov. 13 (Bloomberg) -- Fortress Investment Group LLC
's hedge-fund clients have asked to pull more than...
$4.5 billion, or 25 percent of their money, over the next few months as the company reported its first quarterly loss since going public. The ...
(more)
Fortress Hedge-Fund Investors Ask to Pull 25% of Cash ...
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Obama Factor Cited in Fortress Filing
DealBook —
... views on private equity: [What] we’ve seen is a growth of all kinds of new financial institutions and mechanisms to buy and sell companies. Some of them are good. I mean, in some cases private equity is creating new pools of money that allows investments in new businesses, new opportunities, entrepreneurship. And we want to encourage that. Of course, with Fortress’s stock slumping to new lows on Thursday, carried interest taxes may be the least of its concerns.– Cyrus Sanati Go to Item from DealBook » Go to Fortress Filing via the Securities and Exchange Commission ...
Wes Edens’ Obama Waterfall
NakedShorts —
... Fortress worries about Obama’s plans… by Michelle Leder Footnoted Nov. 19 2008
Related Content
Fortress Reports a $258 Million Loss
dealbook.blogs.nytimes.com 3/17/2009 — The Fortress Investment Group, the beleaguered private investment firm, said Monday that it lost $258 million in its fourth quarter, as it suffered investment losses and withdrawals from investors. Its assets under management dropped 10 percent, to ...
Fortress to take first step into retail banking
hf-implode.com 5/28/2009 — "The Fortress deal comes days after four private equity firms won BankUnited, another Florida bank, in an auction conducted by government regulators, and nearly five months after a group of private equity and hedge fund investors bought the assets of IndyMac from the Federal Deposit Insurance ...
Worries about next year
krugman.blogs.nytimes.com 12/4/2008 — I've been ruminating over economic prospects for next year, and I'm getting scared.
Two points:
1. The economy is falling fast. We'll see what tomorrow's employment report says, but we could well be losing jobs at a rate of 450,000 or 500,000 a ...
Obama Plans to Propose Stronger Financial-Fraud Rules
hf-implode.com 3/25/2009 — "The Obama administration plans to unveil new rules to protect consumers and investors against financial fraud, aiming to stamp out practices that helped cause the mortgage-market crisis."
Plans, plans, plans
marginalrevolution.com 10/2/2008 — There is the O'Neill plan : His plan to deal with the crisis would start with a "discounted cash-flow analysis'' of distressed instruments that are clogging the financial system. The government would guarantee the assets, paring back the ...
Lexington: How new a deal? —
The Economist: Full print edition 11/20/2008
Comparisons between Barack Obama and FDR are misguided IN HIS victory speech on November 4th Barack Obama talked about people putting “their hands on the arc of history” and bending it “once more towards the hope of a better ...
Gun sales: Booming —
The Economist: Full print edition 11/20/2008
A surge in the run-up to the election MANY sorts of Americans are happy that Barack Obama has been elected to be their 44th president: blacks, rich whites, Hispanics, women, the young. But no one seems happier, at the moment, than the owners of gun ...
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