When Stephen Colbert interviewed Campbell Brown, he asked her who was funding her activities against unions and teacher tenure. She said she couldn’t reveal their names because she had to protect them, presumably against the few dozen moms protesting outside Colbert’s studio with hand-lettered signs.
Mother Crusader found through her diligent research skills that Campbell Brown is aligned with some “vulture” capitalists, and it might be better for her cause to keep their identities secret.
Darcie Cimarusti (Mother Crusader) writes this:
“I’ve already taken a look at the Board of Directors of Brown’s new outfit, Partners for Educational Justice, which brings together reformy heavyweights from groups like StudentsFirstNY, DFER and NYCAN, and all the money, power, and influence behind those groups.
“But I’m embarrassed to say, I missed a HUGE piece of the puzzle.
“In my last post I described Brown’s husband, Dan Senor, as a board member for StudentsFirstNY and a former advisor for Mitt Romney. But I missed two gigantic parts of his backstory.
“Senor first came to prominence as a spokesman for the Coalition Provisional Authority in Iraq in the aftermath of the 2003 U.S.-led invasion, gaining a reputation as “the spinmeister responsible for selling the early years of the occupation … as a rosy time—even as bombs exploded daily and sectarian violence ripped apart the country.”
“After leaving the Bush administration, Senor—who is the spouse of former CNN anchorwoman Campbell Brown—became a guest commentator on foreign policy issues for Fox News and a private equity executive. He co-founded the investment firm Rosemont Capital LLC before joining Elliott Management, the hedge fund firm owned by Paul Singer, a billionaire Wall Street investor who has given millions to Republican political campaigns and neoconservative advocacy groups. (emphasis mine)
“So Brown’s husband is a wartime spinmeister, education reformer, AND a Wall Street hedge fund guy? How did I miss that?!?
“And who is Paul SInger, the guy who was able to lure Senor away from the investment firm he co-founded?”
And Mother Crusader continues:
“Singer is the big power broker in the Republican financial world,” says one operative who knows him. “He’s involved with almost everything.” Fortune described him as “a passionate defender of the 1%.” In practical terms, notes one conservative donor, “if you write checks as big as Singer’s, you can be close to anyone.” (emphasis mine)
“Check out how Singer makes his money.
“Mr. Singer is perhaps best known for the fight he put up — and the money he made — in his battle over Peruvian debt. In 1996, he paid $11.4 million for $20 million worth of discounted, government-backed Peruvian bank debt. Then, rather than joining with 180 other Peruvian creditors who agreed to a plan using bonds to forgive some of the impoverished country’s debt, Mr. Singer held out for bigger payments.
“He battled in the courts. At one point he hired an Albany lobbying firm and got New York State to change an obscure law to strengthen his position. When the dust had settled, Mr. Singer ended up getting $58 million for his Peruvian investment.
Groups advocating debt relief — and higher-profile people like Bono — criticize such transactions, maintaining that they force poor countries to divert money from social and economic programs in order to pay back investors. The International Monetary Fund, where a top official once labeled Mr. Singer’s firm a “vulture company,” issued a report recently saying that such funds present a “major challenge” to the success of debt-relief programs in poor countries. (emphasis mine)
Excuse me, but HOLY S%&*!!
“Reading about Singer’s practices in poor, distressed countries around the world is horrific. This is from truthout and Democracy Now!.
“You know, right now what’s happening in this particular case is now these vulture funds have been equipped with an instrument that’s going to force poor countries, like the Ivory Coast and Zambia, into submission. So it’s a very powerful precedent that will be impacting the one-out-of-five people that live in extreme poverty around the world.
“AMY GOODMAN: Can you talk, Eric LeCompte, very quickly, in 30 seconds, about Paul Singer, who is the head of the parent company of NML?
“ERIC LECOMPTE: So, essentially, he’s the person that’s developed this predatory behavior, that goes after assets in poor countries that essentially belong to vulnerable communities. He’s the person that leads several firms that are these predatory hedge funds which engage in this exploitative, extreme behavior. And he’s popularized, essentially, this kind of investor action around the world. And right now the World Bank notes that there are about a hundred companies that follow, essentially, the leadership that Paul Singer has laid out in terms of this behavior.
“AMY GOODMAN: And his significance in national politics? Five seconds.
“ERIC LECOMPTE: Yeah, he’s the number one donor to the GOP. (emphasis mine)
Senor and Singer are some seriously scary dudes.”
There is simply no way they are going to be intimidated by a small clutch of protesters milling around outside Colbert’s studio, but that was one hell of an act Brown put on! Singer, and presumably Brown’s husband, take on entire countries for heaven’s sake!”