1 minute readThe former British Prime Minster may have landed a huge speaking deal at a hedge fund, reportedly worth $3,250 a minute, according to one publication; to the chagrin of the political party he once led. It is only part of what is becoming windfall earnings in the financial sector since Blair left public office: “Tony Blair is to give speeches to a hedge fund that made millions betting on the collapse of British banks. The former prime minister will be paid hundreds of thousands of pounds by Lansdowne Partners, one of London’s biggest, yet lowest-profile funds. The Mayfair-based company reputedly made £100m betting on the demise of Northern Rock and £12m in a matter of days exploiting a dramatic fall in Barclays shares….” It pays to be popular: 
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
