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Jul 11, 2015 8:59 PMPublication: The East Hampton Press

Groups Protest Andrew Cuomo Fundraiser Outside Home Of East Hampton Billionaire

Protesters lined Highway Behind the Pond in East Hampton to protest a fundraiser being held for Governor Andrew Cuomo by Billionaire Daniel Loeb. KYRIL BROMLEY
Jul 14, 2015 4:14 PM

The exclusive neighborhood of Highway Behind the Pond in East Hampton Village was the scene of a large protest on Saturday, as hundreds of activists, dropped off in busloads from New York City, attempted to crash what was said to be a $5,000-a-plate fundraiser for Governor Andrew Cuomo at the lavish home of billionaire hedge fund manager Daniel Loeb.

The Hedge Clippers, a group that seeks to expose the influence of the wealthy on politics, was joined for the protest by other liberal organizations, including Strong Economy for All Coalition, New York Communities for Change, Alliance for Quality Education, VOCAL-NY, and Long Island Progressive Action Coalition.

Mr. Loeb manages the Manhattan-based Third Point LLC, a company said to be worth $14 billion.

“This is what democracy looks like!” and “Governor Cuomo, we’ll be back!” the protesters chanted as they marched down the street holding banners and placards, one depicting the governor with dollar signs in his eyes.

The Hedge Clippers, a group that opposes charter schools and supports teachers unions, has been leading protests much like those of the recent Occupy Wall Street movement. The group, which has been a presence at other fundraisers for Gov. Cuomo, has accused him and other high-profile politicians of doing “the bidding of billionaire donors,” according to a release that the Long Island Progressive Coalition sent out on Friday.

East Hampton Village Police used crowd control measures on Saturday to limit access to Highway Behind the Pond. The road was partially blocked off until the protest ended at around 8 p.m.

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Time to bring back the separation of corporation and state, as it was when this country was founded. No place in civic life for a corporation. Period, end of [expletive deleted] list.
By Mr. Z (11847), North Sea on Jul 12, 15 10:58 AM
2 members liked this comment
Yeah all our social problems are from corporations lol
By chief1 (2800), southampton on Jul 12, 15 12:06 PM
I definitely see one social problem...
By Mr. Z (11847), North Sea on Jul 12, 15 12:21 PM
exactly chief

money rules the world
politics, business, etc

this is not a democracy we live in
it just helps the rich get richer
By llimretaw (118), watermill on Jul 12, 15 12:38 PM
The word you seek is Oligarchy.
By Mr. Z (11847), North Sea on Jul 12, 15 2:03 PM
And you seem to want to bring the wealthy down to your economic level, same old story , same old song and dance.
By bigfresh (4666), north sea on Jul 12, 15 5:13 PM
1 member liked this comment
And you still have the same capacity for presumption, a total lack of critical thought, and a complete lack of acumen. On the bright side, at least you seem to be capable of basic math...
Jul 12, 15 10:19 PM appended by Mr. Z
BTW, back in the Sixties minimum wage was five shiny silver quarters. Those same quarters would be worth about $15 today.
By Mr. Z (11847), North Sea on Jul 12, 15 10:19 PM
Another American that can blame everyone for his shortcomings not look in the mirror at his lazy mentality.
By chief1 (2800), southampton on Jul 12, 15 11:29 PM
2 members liked this comment
MAY THE RICH GET RICHER , and choose to live in our beautiful neck of the woods. Opportunity is knocking if you have enough sense to answer the door.
By bigfresh (4666), north sea on Jul 13, 15 6:35 AM
11,937.8 Billions of Dollars
Monthly, Seasonally Adjusted, M2SL, Updated: 2015-06-25 4:01 PM CDT


As long as the Fed keeps printing money out of thin air, your favorite little catch phrase is inevitable, technically. Rent seeking will continue as long as the financial sector remains grossly unregulated. Also, the value of a dollar will become devalued by more than the 97% which it has been since 1913 for every billion supplied to Wall Street to cover speculation. How do you ...more
Jul 13, 15 7:48 AM appended by Mr. Z
"To blame the poor for subsisting on welfare has no justice unless we are also willing to judge every rich member of society by how productive he or she is. Taken individual by individual, it is likely that there’s more idleness and abuse of government favors among the economically privileged than among the ranks of the disadvantaged." ~ Norman Mailer
By Mr. Z (11847), North Sea on Jul 13, 15 7:48 AM
1 member liked this comment
Can't disagree with the first and third sentences Z.
By razza5350 (1911), East Hampton on Jul 13, 15 7:44 PM
I agree that the FED is screwed up Mr Z and have never disputed that fact. Your constant , consistent display of class envy has gotten old, that's all. Myself and many others here make our living by providing services to the wealthiest of the wealthy who reside here, therefore what's good for them is also good for me.
By bigfresh (4666), north sea on Jul 14, 15 6:26 AM
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By Mr. Z (11847), North Sea on Jul 14, 15 9:12 PM
1 member liked this comment
Oops, looks like you were wrong. Again. Told you so...

Low-income loans didn't cause the financial crisis
By Mark Thoma MoneyWatch


What caused the housing bubble and collapse of the financial system? Many fingers have pointed to a lack of regulation, financial innovation that didn't live up to its promises of risk-sharing and risk-reduction, and low interest rates from the Fed, which created an excess of liquidity.

Another cause that's often cited says the financial ...more
By Mr. Z (11847), North Sea on Jul 16, 15 9:28 PM
Let's see if this can flow into that cranium...

How Goldman Sachs Profited From the Greek Debt Crisis
The investment bank made millions by helping to hide the true extent of the debt, and in the process almost doubled it.

By Robert B. Reich
Yesterday 9:45 am

he Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most accounts.

The crisis was exacerbated years ago by ...more
Jul 16, 15 9:47 PM appended by Mr. Z
"Yet, hear me, people, we have now to deal with another race – small and feeble when our fathers first met them but now great and overbearing. Strangely enough they have a mind to till the soil and the love of possession is a disease with them. These people have made many rules that the rich may break but the poor may not. They take their tithes from the poor and weak to support the rich and those who rule. They claim this mother of ours, the earth, for their own and fence their neighbors away; they deface her with their buildings and their refuse. The nation is like a spring freshet that overruns its banks and destroys all that are in its path." ~ Sitting Bull
By Mr. Z (11847), North Sea on Jul 16, 15 9:47 PM
"The Hedge Clippers, a group that seeks to expose the influence of the wealthy on politics," And of course, we all know the Teacher's Unions don't influence politics. What a joke this is. Just teacher union flunkies running interference. They are afraid of losing their supreme influence on politics in NY.
By Babyboo (293), Hampton Bays on Jul 14, 15 7:03 PM
2 members liked this comment