How Hedge Funds (Secretly) Get Their Way in Washington

(Bloomberg) With swept-back silver hair and a prestigious résumé, James K. Glassman cuts the classic figure of a Washington wise man. He’s a former undersecretary of State, think-tank founder, and best-selling author, with a considered opinion on just about any Beltway issue. In July 2014, when a House subcommittee held a hearing on Latin American economies, its members asked Glassman to speak first. “Thank you, Mr. Chairman,” he said, and began to testify: “A stable and prosperous Latin America is critical, not just to Latin Americans themselves, but to all of us here in the United States.?

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