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America Faces 'crisis Of Leadership', Leading Wall St Investor Warns

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http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7973955/America-faces-crisis-of-leadership-leading-Wall-St-investor-warns.html

Daniel Loeb, the founder of the $3.3bn (£2.1bn) Third Point fund, said that the administration's policies appear intent on "redistribution rather than growth", and should send a chill through those who believe in free markets.

In the letter to investors, Mr Loeb pinpoints the "politically-laced" lawsuit brought by regulator the Securities and Exchange Commission against Goldman Sachs in April as the moment that investors began to lose confidence.

The criticism underlines the fear some on Wall Street have about the Obama administration's intentions toward a financial services industry still bearing the brunt of Americans' anger over the crisis.

Steve Schwarzman, the billionaire founder of private equity firm Blackstone, last month likened the president's plans to levy taxes on the private equity industry as being akin to Adolf Hitler's invasion of Poland.

The tension between the White House and Wall Street, analysts say, is likely to increase in the weeks before the critical mid-term elections for Congress in November.

Mr Loeb, who has an reputation for being outspoken and is seen as a pioneer of activist investing, added that "so long as our leaders tell us that we must trust [them] to regulate and redistribute our way back to prosperity, we will not break out of this economic quagmire."

Clearly what's needed is redistribution that favours the bankers and the rich because they understand how to create wealth, and the way to do that is with leverage and debt. That way we can have guaranteed growth.

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http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7973955/America-faces-crisis-of-leadership-leading-Wall-St-investor-warns.html

Clearly what's needed is redistribution that favours the bankers and the rich because they understand how to create wealth, and the way to do that is with leverage and debt. That way we can have guaranteed growth.

hmm references to adolf

try Palestine instead

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http://www.telegraph...stor-warns.html

Clearly what's needed is redistribution that favours the bankers and the rich because they understand how to create wealth, and the way to do that is with leverage and debt. That way we can have guaranteed growth.

As chunks of 'redistributed' wealth? fling off the 'Big Apple' merry-go-round, it will expose the 'rotten core' & the bankstas corrupt practices even more!

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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