New York (HedgeCoVest.Com) – Omega Advisors founder Leon Cooperman is tired of Hillary Clinton bashing the hedge fund industry with her populist rhetoric. Cooperman told CNN on Monday, “I don’t need anybody crapping all over what I do for a living. She hangs out with all these people in Martha’s Vineyard and in the Hamptons and then the very first thing she has to say is to criticize hedge funds.”
Cooperman went on to point out how generous the industry is with donations to charities, universities and other institutions. “I have nothing to apologize for. I’ve made a lot of money. I’m giving it all back to society,” he said.
Clinton has taken at least two swipes at the hedge fund industry during her early campaigning. Voicing her opinion that, “People aren’t getting a fair shake. Something is wrong when CEOs earn more than 300 times than what the typical American worker earns and when hedge fund managers pay a lower tax rate than truck drivers or nurses.” That statement came on her second trip to Iowa, and during her trip the previous month she stated, “There’s something wrong when hedge fund managers pay lower tax rates than nurses or the truckers that I saw on I-80 as I was driving here over the last two days.”
HedgeCoVest.Com featured an article in the HedgeCoVest newsletter on May 27 titled Wall Street & Democrats: A Love/Hate Relationship. The article pointed out how Democrats and Wall Street have been feuding for years, but in reality they have been good for one another over the last quarter of a century.