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Paul Singer

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politics2 years ago

Senator Exposes Alito's Dubious Ethics Defense.

Senator Sheldon Whitehouse criticized Supreme Court Justice Samuel Alito's excuses in response to ethics questions raised in a report about a free luxury fishing trip. Alito failed to report the trip on his financial disclosure forms and didn’t recuse himself from cases involving Singer’s businesses. Whitehouse said Alito's excuses were "preposterous" and investigators would "get to the bottom of" ethics bombshells involving Alito and his fellow conservative Justice Clarence Thomas. Whitehouse also highlighted the need to scrutinize "this creepy group of right-wing billionaires who are meddling in the Supreme Court."

via HuffPost|
#ethics-scandal#paul-singer#politics
politics2 years ago

Supreme Court Justice Alito Under Fire for Accepting Unreported Luxury Trip from GOP Donor

Justice Samuel Alito took an unreported fishing trip with GOP megadonor Paul Singer, who flew him out on his private jet, then ruled on a case involving Singer's hedge fund without recusing himself, according to a report by ProPublica. Alito claimed he never discussed business with Singer and was unaware of his connection to the case. This follows similar reports of questionable ethics by conservative Supreme Court justices Clarence Thomas and Neil Gorsuch. Senate Judiciary Committee Chairman Dick Durbin has called for an enforceable code of conduct for Supreme Court justices.

via Rolling Stone|
#ethics#gop#paul-singer
politics2 years ago

Justice Alito's Controversial WSJ Op-Ed and Unreported Luxury Trip

Supreme Court Justice Samuel Alito went on a luxury fishing trip to Alaska in 2008 with hedge fund billionaire Paul Singer, who has had cases before the court. Singer flew Alito to Alaska on a private jet, which Alito did not report on his annual financial disclosures, potentially violating federal law. Alito did not recuse himself from cases involving Singer's hedge fund, including a 2014 case in which the fund was ultimately paid $2.4 billion. Justices are largely left to police themselves on ethical issues, with few restrictions on what gifts they can accept.

via ProPublica|
#ethics#luxury-travel#paul-singer
finance2 years ago

Billionaire investors and economists warn of recession risks amidst strong job gains and inflation.

Hedge-fund billionaire Paul Singer of Elliott Management warns that financial markets may only be getting started a year into the Federal Reserve's rate hikes and thinks a deep recession and credit collapse will be necessary to purge excesses created by more than a decade of easy-money policies. Singer is not a fan of sweeping banking regulations from the Dodd-Frank Act of 2010, or prolonged market interventions by global central banks in the wake of the 2008 global financial crisis, or cryptocurrencies. He called crypto, "completely lacking in any value," in his WSJ interview. Singer said there may be only a few places for investors to ride out the storm that he sees brewing, such as relatively short-term U.S. government debt and having some gold in portfolios.

via MarketWatch|
#credit-collapse#cryptocurrencies#elliott-management