02
Dec
2011
In hedge fund manager’s letter, an echo of the 1930s
Categories: Friday Risk Reading
Prominent hedge-fund manager Leon Cooperman wrote a widely distributed letter to President Obama this week in which he decried the President’s role in framing the national economic debate in “class warfare” terms.
Cooperman’s words are remarkably similar to those of another pubic figure who warned a President about the risks stemming from a bruising policy debate. In 1936, Alfred E. Smith, the former Governor of New York, famously cited the perils he saw as the Depression extended its grip on the country:
"What are these da...
Read More