Monday, March 10, 2014

Buying Regulators Attention to Make Big Bucks?

Suppose you have made a big bucks bet that some company's business practices wouldn't survive regulatory scrutiny - or rigorous enough regulatory scrutiny. How do make your ambition come true. Michael S. Schmidt, Eric Lipton and Alexandra Stevenson, writing in The NYT have the fascinating story of how one hedge fund billionaire has paid elected officials, activist groups and others to make his scrutiny a reality.