GOP Billionaires Can’t Seem to Buy This Election
▻http://nymag.com/daily/intelligencer/2015/12/gop-billionaires-cant-seem-to-buy-this-election.html
A few days after the election, New York hedge-fund manager Daniel Loeb, who’d helped finance Rove’s surge, tried to sue Crossroads and Fox News for misrepresenting the facts. “Loeb felt this was like an investment bank committing fraud on a road show,” a friend of his told me. After conferring with a securities lawyer, Loeb discovered that there are no investor protections in politics. He never filed a suit. (And Loeb declined to comment.)