Scott Brown to Give Speech on Over-Regulation of Hedge Funds at Hedge Fund-Sponsored Conference


If Scott Brown really is thinking of running for Senate in New Hampshire next year, he has an odd way of showing it. In May, the former Massachusetts Republican senator will travel to Las Vegas to give a topic at the SALT Conference, an annual confab put on by the hedge-fund giant Skybridge Capital. His topic: The consequences of over-regulating hedge funds.

SALT

Although Brown touted his crucial vote for the Dodd–Frank Wall Street reform law during his re-election campaign against Sen. Elizabeth Warren, he was widely credited with watering the financial-reform legislation at the behest of Wall Street interests. Among other things, Brown used his position as a tie-breaker to loosen the regulations on how much control banks could have over hedge funds, and to make it easier for them to use federal bailout funds to bail out failing hedge funds. (He brought in more than $3 million in campaign donations from the financial sector during his two campaigns.) Sure enough, in March Brown took a new gig at Nixon Peabody LLC, a law firm that services large Wall Street shops. As a release from the company explained at the time, “Brown will focus his practice on business and governmental affairs as they relate to the financial services industry.”

The trip to Vegas looks like a sign he’s focusing on the job he has now, not the job he might want later.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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