I understand Americans’ frustrations with the recent story of AIG paying large bonuses out to executives who helped bring the company to it’s knees. We, the taxpayers, are now staking our future on the idea of bailing out companies like AIG and we have a significant amount of skin in the game. I agree in [...]

Once again the “carried interest” tax (affecting alternative asset managers almost exclusively) has come to the forefront of the tax discussion and debate. To illustrate how this works, here is an example: A Private Equity General Partner/Manager traditionally puts up its own cash commitment to a fund (let’s say $20 million for purposes of this [...]

Obama unleashed his new budget proposal last week. The aim was to try and calm the markets and the masses about the deep depths of our current ecomonic crisis. I used to laugh and even disagree with many when they would compare Mr. Obama to Jimmy Carter during the campaign. I believed that Jimmy Carter’s [...]