Tag Archives: national economic council


Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.

April 6, 2009 : Permalink

New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co.  The New York-based hedge fund, […]

Senate Gives Obama Victory, Allows Distribution of $350 Billion in TARP

January 16, 2009 : Permalink

New York (HedgeCo.Net) – President-elect Barack Obama has been granted permission to dole out the second half of the $700 billion in the Troubled Asset Relief Program, after a vote of confidence from the Senate.  They shot down a resolution […]

Obama’s Treasury to Restrict Dividends, Executive Pay

January 13, 2009 : Permalink

New York (HedgeCo.Net) – Financial institutions that have received generous assistance from Congress may be forced to restrict executive compensation and their dividends, if Barack Obama and his new Treasury have their way. “Those receiving exceptional assistance will be subject […]