Thanks for that, Hunter. On a different
topic, what do you think will ultimately happen on the question of the Bush tax
cuts?
N
Nicolas S. Rohatyn
The Rohatyn Group
212.984.2901
From: Hunter Biden
[mailto:hbiden@rosemontseneca.com]
Sent: Wednesday, August 04, 2010
5:56 PM
To: chris.chafe@cleaneconomycenter.org;
rob@mccord2008.com; rlesniew@nysutmail.org; Loeb Daniel;
Kevin.R.Lynch@morganstanleypwm.com; John.Novogratz@mlp.com; Arlene Busch;
Pedrotty Daniel; Nick Rohatyn; JTargoff@thirdpoint.com;
astanton@rosemontseneca.com
Cc: cheinz@rosemontseneca.com
Subject: Rosemont Seneca Dinner
Follow-Up
All-
Chris and I wanted to
reach out to all of you as a follow up to our dinner a couple of weeks ago.
We both hope that one of the outcomes from our recent dinner will be that we will
all seize the opportunity of the recent introductions to continue the various
lines of discussion we started at dinner. Part of the driving force behind our dinner was the notion that
each of you has a perspective that should be discussed and amplified.
One topic we feel we did not have adequate time to flesh out over the
course of the evening is the pending crisis of unfunded liabilities in public/
Taft Hartley pension programs. It is our belief that legislation alone
will not solve the problem and can only be seen as a temporary fix we will all
pay for later. Following the dinner, we have heard from several of you
individually who have expressed in both broad and specific terms potential
private sector solutions and suggestions for reform. We do not mean to be
presumptuous, but we think a continued conversation that could lead to real and
actionable ideas may benefit those entrusted with their constituents'/ members'
pension dollars. At the very least we will all end up with a better
understanding of each other's unique perspectives on the problem.
In that spirit, we recently saw the following two reports that both
gave interesting perspectives on the issue. One is by the GAO and one is
by Pew - some of you may have your own thoughts on these reports.
We know you are all busy with the work in front of you on a day to day
basis, but if any of you have the time or the inclination we hope that you
would share with the group any specific ideas or refer the group to any
particular articles like the ones above or writings of your own that address
the issue. We know some of you have already begun your own conversations
– if we can in any way facilitate such talks, please let us know. And
please feel free to reply "all" with any thoughts on the subject that
you would like to share with the group. We look forward to another
meeting in the near future.
Best,
Hunter
and Chris
R. Hunter Biden
Rosemont Seneca
Partners LLC
202-333-1880
212-933-9965
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