The Third Point manager has endorsed Wilson for Comptroller, who Loeb says is New York’s only hope against riots in the streets. Alternatively, if that’s what you want, DiNapoli’s your man.

Dear Friends,

I have chosen only one candidate to bring to your attention, that is Harry Wilson for Comptroller of NY State. He has recently tied incumbent Democratic candidate Thomas DiNapoli in the polls. For those of you who are Democrats, this is not a matter of party politics but literally one of whether we want New York the go the way of Greece and go bankrupt because, trust me, that is the course we are headed towards without sound fiscal leadership.

Harry has attracted support from Democrats, Republicans and our independent Mayor Bloomberg; Harry is endorsed by the New York Times AND the Wall Street Journal, the Daily News and the NY Post.

Daniel Heninger’s WSJ article lays it all out: “New York, like California and many other once-important states, is sitting on a public- pension debt bomb. If it blows, it will take great swaths of the productive American economy with it for years. Harry Wilson thinks he can defuse the New York bomb. If Harry Wilson can get the public-pension death spiral under control in New York—and he just might have the professional and intellectual tools to do it—it should be possible to reform pensions in any state. That matters. The United States needs a growth rate well above the 2%-something that the Obama years have allowed. That means the people in all 50 states have to be pulling on the oars. They won’t be able to do that if their productive energies are being siphoned into more and yet more taxes that will be demanded— indeed virtually mandated—to pay off these pension obligations. It’s Harry Wilson or the deluge.”

Harry and DiNapoli are neck at 44% and which is why it is vital for you and to vote and to please pass this onto anyone else who is registered to vote in New York.

Dan

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If you’re into that sort of thing.

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As you’re aware, back in the day, President Obama and Wall Street got along just fine. Better than fine, in some cases, with Jamie Dimon being one of his boys and hedge fund managers like Dan Loeb, Steven Cohen and so and so forth donating considerable month to his campaign. But, things happened. People changed. Stuff was said that couldn’t be taken back. SC burned the two-man donkey costume he bought for election night ‘08 and made a couplea traders get into to celebrate the night and now reportedly holds weekly Tuesday night GOP strategizing sessions. Loeb gets his feelings out on paper. Jamie doesn’t even think to call BO to chill and in fact couldn’t even if he wanted to, which he doesn’t, as that guy was deleted from his phone/life. And, just generally, the businessmen of America feel abused. Obama knows, he’s sorry, and he wants to make it up to you.

Just sit tight for a bit.

Austan Goolsbee, the President’s top economist, will try patching up relations in an Oct. 13 meeting in New York with business leaders. A rapprochement, however, will not occur until after the midterm elections, when the Administration will know the strength of the Republican opposition in Congress. That timing also will help Obama avoid looking like he’s giving Wall Street a pass just when he’s trying to turn the Democratic base out to vote. At an Oct. 4 meeting of Obama’s economic advisory board, Laura D. Tyson, a former Clinton Administration economist, suggested not renewing the Bush tax cuts for top earners and using the savings to pay for a temporary cut in Social Security taxes. At the same meeting, Obama said he’d be “very interested” in lowering the top corporate tax rate, now 35 percent, so U.S. companies aren’t at a disadvantage against overseas rivals.

Obama Wants A Detente With Business [BW]

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September performance.

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Related: Paul Krugman: Dan Loeb & Co Are Mad At Obama Because They’re A Bunch Of Petty Little Rich Boys

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No need for tears.

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April performance.

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Dan Loeb is kicking ass and taking names (Jamie Dinan)

Hedge Fund Performance: March 29 – April 2 [PDF]

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March performance info.

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