I’ve spent most of my professional life working on Wall Street, and a fair amount of that time working with hedge funds. Over the past few years, I’ve moved over to spend more of my time working with politics and non-profits. Now, the mainstream media is starting to look at hedge funds and lending and how this relates to the political process.

John Edwards worked for a hedge fund. Barack Obama is having a major fundraising event in Greenwich CT at the house of one of the top names in hedge funds. Chris Dodd received over $380,000 in donations from a single hedge that has become a big player in funding campaigns.

A lot of people are attacking these candidates, yet these attacks seem to reflect a basic lack of understanding about hedge funds, lending or finance. More details below the fold.