In November 2011, billionaire hedge fund manager Leon Cooperman, the founder/CEO of Omega Advisors, sent an open letter to President Barack Obama detailing the issues he has with how the president has treated the nation's wealthiest.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.Leon Cooperman, Chairman & CEO of Omega Advisors, says he is very alarmed at the direction President Obama is taking the country. Click here for the open letter he wrote to Obama.
For years, when it came to Presidential candidates, Wall Street made huge compromises in order to support the Republican Party. The money men in New York City set aside their socially liberal views in order to support fiscally conservative candidates because that was the only way to get on the same page as the GOP base.
REUTERS/Eric ThayerFor a long time, Wall Street was focused on rates, and when the Federal Reserve would put an end to the zero interest rate policy era.
Now the focus is switching to another R-word: recession.