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The In Box blog is a general news and discussion site for the News Department of North Country Public Radio. In Box contact information 
Latest NCPR News
The In Box blog is a general news and discussion site for the News Department of North Country Public Radio. In Box contact information
Latest NCPR News
Whats wrong with Doheny….is he getting cold feet? Scared that he can’t handle the truth that Mr. Owens is honest, truthful and knows what it takes in NY23 and the North Country? Doheny is a coward.
Hopefully they can move it to friday the 29th. We are going to make it a drinking game: a drink every time Doheny says ‘Pelosi”. I may need to call in the next day if its on a weeknight.
Owens wins hands down!
I work in New York City and am familiar with Matt Doheny. For the past 10 years we both worked as distressed or “vulture” investors. Being a known Republican I was recently asked if I would vote for Doheny. Here is my response:
Doheny’s website spins his Wall Street career as some kind of dedication to job creation. Nonsense. For many years Doheny worked on the Distressed Trading Desk at Deutsche Bank in Manhattan. His group used the Bank’s capital (i.e. depositor money) to buy the bonds of troubled companies at a deep discount and then profited as the companies slashed jobs and outsourced to save money. Wall St. did not pay Doheny so well as a distressed debt lawyer-banker because he helped increase payrolls. Jobs were slashed – period.
Doheny’s Deutsche Bank trading group mirrored the same operation run by other banks like Lehman Brothers, Goldman Sachs, Bear Stearns, and Citibank. This group put depositor funds at risk so his team could earn bonuses when distressed debt bets paid off. Doheny repeated his “investing” pattern by joining Fintech Advisors in 2008. Fintech is a well-known vulture hedge fund run by Mexican billionaire David Martinez out of London and New York City. Martinez was in the press in 2003 when he paid $54.7 million for a penthouse condo in the Time Warner Center, then a New York City record. At Fintech Doheny works on buying distressed debt hoping to help Martinez profit once costs are cut in a bankruptcy or reorganization. As a wall streeter myself I don’t begrudge Doheny this work, but the fact that he spins plain old vanilla vulture investing as “job creation” is fictitious and I imagine the voters in your District see through it.
I would vote for Bill Owens because character counts. For a long time Rep Owens has been living and working in his district while Doheny only returned from Wall Street when he sensed opportunity. Rep Owens made the sacrifice to serve in the military. Doheny made the personal decision not to serve, but nonetheless talks a lot about service. Although I would never vote for Obama, Pelosi or Reid, I would vote for a principled man over a moneyed opportunist. I don’t have a horse in this race, but I wanted the North Country to know what some of us “down here” are saying about Doheny.