The Hedge Funds Strike Back

by Pejman Yousefzadeh on May 6, 2009

Taking on a very popular and politically powerful President requires a lot of guts, but at some point, businesses have to fight back against Administration efforts to shake them down–and there are strong signs that shakedowns are taking place. I imagine that something to the effect of the “‘personalized’ tax rate” will indeed go into effect, but perhaps if more and more people take their cues from people like Clifford Asness, the White House will back off from its bullying.

Relatedly, wasn’t the election of Barack Obama supposed to signal the end of the Imperial Presidency?

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