Who, Exactly, Will Feel The Bern?
Bernie Sanders' entire campaign revolves around going after big banks, financial institutions, millionaires and billionaires. So you would think that an endorsement from Alan Grayson, who is undergoing an ethics investigation for possibly violating hedge fund rules, would be an unwelcome addition for his campaign, but you would be wrong.
What's wrong with this picture? Well, for starters, there's the investigation of Grayson by the Office of Congressional ethics:
At issue: Grayson’s name was on three hedge funds and a management company that oversaw them.
House ethics rules prohibit a sitting member of Congress from using his name on financial vehicles to prevent members from using their elected offices for financial gain. Grayson has said this rule does not apply to him because he had no “fiduciary responsibility” over the funds. Experts, however, dispute his claim.
Grayson, who started the funds in 2011 before he was re-elected to Congress in 2012, struck his name from the funds after he was hit with the ethics complaints.
An ethics challenge is one thing, but isn't this just a bit out of sync with Bernie Sanders so-called message?
The hedge fund manager boasted that he had traveled to “every country” in the world, studying overseas stock markets as he fine-tuned an investment strategy to capitalize on global companies’ suffering because of economic or political turmoil.
Said hedge fund manager would indeed be Alan Grayson. But there's more:
But the fund manager had an even more distinctive credential to showcase in his marketing material in June 2013: He was a “U.S. congressman,” Representative Alan Grayson, Democrat of Florida, a member of the House Foreign Affairs Committee. Now he is also among the leading Democratic candidates for one of Florida’s United States Senate seats.]
[Interviews and the documents show that Mr. Grayson told potential investors in his hedge fund that they should contribute money to the fund to capitalize on the unrest he observed around the world, and to take particular advantage when there was “blood in the streets.”
Capitalize from the unrest of others where there is "blood in the streets."
I don't recall hearing calls for that from Bernie Sanders. In fact, Sanders' campaign professes to be all about "the little guy" standing up to the big banks, and the "big guys" like Grayson, who would profit to the detriment of others.
This is absolutely utter hypocrisy coming from Bernie Sanders. It certainly isn't the first time for that, and undoubtably won't be the last.
But accepting this endorsement while ignoring Grayson's investigation, not to mention his views of profiting from "blood in the streets," would disqualify candidate Bernie in the eyes of the "purist" Bernie Sanders.
Feel the Bern, I guess?