Bill Clinton is not a fan of Bernie Sanders, but the two seem to agree on at least one thing: Hedge funds are bad, and the people who run them are mean and greedy.
The former president and frequent flyer slammed hedge funds and other shady financial operators for trying to “squeeze everything they can” out of companies in order to make money.
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“If you really wanna do something to reduce inequality in America, you’ve got to reduce the power of the hedge funds and the billionaires to drive all the profits of corporations only to shareholders and the top management,” Clinton said earlier this week.
Bill’s nominal wife, Hillary Clinton, has also been attacking hedge funds since launching her campaign for president in 2015 (with a series of fundraisers hosted by hedge fund managers).
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That must be pretty awkward for the Clintons’ son-in-law, hedge fund manager Marc Mezvinsky. Chelsea’s husband founded Eaglevale Partners in 2012 with the help of Goldman Sachs CEO Lloyd Blankfein, a prominent Clinton supporter and Democratic donor.
Mezvinsky, whose father served time in jail for stealing money from his friends and family members, is not very good at his job, but the Clinton-Mezvinskys seem to be doing pretty well for themselves in their massive $10 million condo in Manhattan.
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Chelsea, who claims to be fundamentally incapable of caring about money, also has experience working for a hedge fund — Avenue Capital Group — which is run by Marc Lasry, the billionaire owner of the Milwaukee Bucks. Lasry is one of the Clintons’ top financial patrons, along with hedge fund executives George Soros and Donald Sussman.
Hedge fund honchos like the Clintons so much that many are supporting Hillary in 2016 over her potential opponents on the Republican side. It’s almost as if they don’t think these attacks on their industry are entirely genuine.
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