Wall Street hedge funds made out quite well with the election of Elise Stefanik to Congress. According to data compiled at
opensecrets.org by the Center for Responsive Politics,
newly-minted Congresswoman Stefanik received more money from hedge funds in 2014 than anyone else now serving in the House of Representatives, ranking in $162,716 in campaign donations, even besting House Speaker John Boehner, who came in second, raising $143,600.
As I have mentioned in
previous diaries, a large portion of Stefanik's hedge fund cash is coming from Manhattan billionaire Paul Singer, the CEO and founder of Elliot Management, who has notably gained attention for his distressed sovereign debt trading activities,
which have indirectly forced Argentina into default. In addition, Singer is one of a handful of wealthy individuals that is currently
waging a massive campaign to privatize public education and expand charter schools throughout New York State. Interestingly enough, former CNN anchor Campbell Brown,
who has recently garnered national attention for her support of charter school expansion, is married to Dan Senor, a senior adviser at Elliot Management.