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FBN’s Charlie Gasparino on the snub by the White House of one of its largest campaigners.
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It doesn't matter your top fund raiser for President Obama if you -- private equity business you're probably blacklisted.
From a top administration post just acts Blackstone president.
He able -- Tony James Charlie gets me.
Huge fund -- you know have more problems selling well some -- around.
It's just a guy who worked in various jobs on Wall Street went to work for Steve Schwartzman over at Blackstone a couple years ago -- there while.
A very prominent on Wall Street huge Obama fund -- and by the way this is a perfect example why.
You know.
-- this administration sort of equates tobacco or cigarette would -- pretty -- it's.
It's like you know Mitt Romney were from private equity private equity -- companies private.
You know some -- works and -- but it's some sort of a bad industry as you know it's not.
Many private equity companies they they they create jobs there are some there's some she's in some cases where they don't but it's pretty good anyway Tony James who we understand.
Has quietly reached out to do the administration.
Since the reelection.
In November to try to -- try to get a job.
Act in the ministries -- -- senior post presumably economic posts and he's been given the cold shoulder the cold shoulder he's been to essentially told you know.
Not now or maybe not never.
-- kind of interest in what does this mean for for James.
Well as you know he's largely considered the heir apparent to -- to Steve Schwartzman CEO Blackstone.
The big private equity firm however a lot of people now say that is not the case this guy Jonathan -- who is the head of real state.
Is really the he's really there and we should point out that Schwartzman 65.
You know -- -- still -- somebody in this said he's not leaving you know unless it -- -- or something like and that was a quote from the senior Blackstone.
Official to be today -- and I think that's pretty -- he's not going until he's you know sick over he has you know he's.
You know alzheimer's god forbid or something that forces him to leave the firm and bodily.
You know they're they're they're CEO's head of that work well into the sixties and and even in the seventies ace Greenberg has as -- -- -- perfect example.
That said.
Hamilton Tony James just a couple years younger than Schwartzman.
So of course he's not really the heir apparent heir parent -- this -- -- great we should point out that we talked the Blackstone about this.
They declined any comment wouldn't comment on any of the stuff I could tell you these are sources close on Wall Street both closed for the administration.
And closed the Blackstone Seinfeld you know tie up for shares of what I think -- -- about the stories that because a lot of the stories that we heard after the first Obama election where people said they really you know when Natalie raised a lot of money.
Thinking that they were gonna get some sort of post afterwards and then afterwards -- given the cold shoulder right.
I mean if you think about it jetBlue -- a nice enough fellow.
A loyal Democrat on the stands watch -- the ways of Washington.
But is -- the best guide to be Treasury Secretary mean obviously not mean this is not a major player.
In economic circles I mean in at a time when we need sort of real economic intelligence.
Here's a guy that's you know just a very deep player in that in that context.
You know work two years at Citigroup -- some sort of doesn't enough about Wall Street businesses don't know enough about economics somebody like Tony James and make a lot more sense I would think so right I -- -- -- our Jamie Jamie doesn't want that job but I but I think I think Larry Fink is someone who wouldn't want that job.
And someone who's so good -- -- the stands.
Both Washington the nexus between washing -- understands the economy.
And understands yelled the money game which is what a Treasury Secretary needs to do.
And because he works you know he's -- is it's not not quite a private equity firm.
So I think that's the -- this administration you look at some of their point seven it was pretty -- eagle.
Jack Lou I mean Mary Jo White Smart but -- the right person a prosecutor to run a regulatory agency.
Probably not.
We gotta go great story great scoop Charlie Gasparino break a story can thank you so much.
