Why Politicians Love Regulations

From Robert Novak: "The Democratic Senatorial Campaign Committee (DSCC) is drubbing its Republican counterpart, with nearly $23 million on hand at the end of the third quarter, compared to the National Republican Senatorial Committee's $8 million. DSCC Chairman Chuck Schumer (D-N.Y.) is an aggressive fundraiser who has successfully tapped the burgeoning hedge-fund industry that his party is threatening with new regulations and taxes."

So the mere threat of regulation compels the hedge fund industry to pay tribute to those who could harm them.