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    Fear Factor: White House Edition

    “…I am indeed fearful writing this. It’s really a bad idea to speak out. Angering the President is a mistake…” What country would you expect to hear a citizen make this statement? Venezuela? Cuba? Russia? Nope, those are the words of prominent hedge fund manager Clifford Asness, who wrote a now-famous and widely circulated open letter this week describing the intimidation techniques used by President Obama and his administration. Why did the President have to resort to such enhanced techniques of intimidation? Mainly because he was asking financial lenders to … More