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Avenue Capital's Marc Lasry on Why the Hedge Fund Industry Abandoned Obama

December 17, 2012 | About:

Lasry is one of the few hedge fund managers who is still openly supporting Obama. In this interview he discusses what Obama did to alienate the industry:

- The industry grew tired of the Obama rhetoric on the financial industry.

- Thinks hedge fund managers would be willing to pay more in taxes if the money was used to reduce the deficit.

- Any "numbers guy" can see that taxes have to be raised.

- Does not think the increase in regulations since 2008 has been terribly restrictive.

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