Marc Mevshinsky has to be the worst, stupidest investor of all time.
The implicit deal was that Clinton cronies were to deliver an unorthodox bribe by investing in Mevshinsky’s hedge fund. The payoff would have been if he took reasonable fees (2% plus a chunk of any gains), and eventually the money would be given back.
But no, the stupid s**thead had to try and be a hero and go for the longshot gold by investing the $400 million in Greek bonds. Of course he lost 90% of it. That wasn’t part of the deal! What an idiot—he had enough money coming in off of the fees for he and Chelsea to grift comfortably, but he had to go for the brass ring and lose it all.
LOL. I KNOW! I thought the same thing, but your post far exceeds what I could have expressed.
I even wondered if he was surreptitiously taking the other side of the “trade” to mitigate his potential losses, but no such trade would mitigate the loss of his financial reputation.
But then again, he is a Clinton by marriage, and the certainty that his MIL would be the next POTUS was in the bag.
He always has seemed to me in over his head.