Perdido 03

Perdido 03

Friday, July 17, 2015

Cuomo's Hedge Fund Manager Pal Donates $1 Million To Pro-Charter/Anti-Union Lobby Group

Nick Reisman at State of Politics blog:

Hedge fund managers Paul Singer and Daniel Loeb helped replenish the coffers of a pro-charter school independent expenditure committee, contributing $1 million each to the group, according to its recent Board of Elections filing.

The PAC, known as New Yorkers For A Balanced Albany, had virtually maxed out its funds after the 2014 election.

Loeb just held a fundraiser for Cuomo at his Hamptons estate - one that was protested by a few hundred labor and public schools activists.

A few billionaires like Loeb and Singer quite literally own the political system in this state.

Democracy in New York?


Plutocracy wherein the Wall Street bankers, real estate industry and hedge fund managers call all the shots.


  1. Obviously not hedge funders nor Cuomo worried about Preet's investigation. .

    1. But Leonard Litwin and Glenwood Management certainly are: