Another Harvard Hedge Funder Former RNC chair Ken Melhman, HLS class of '91—Barack's year—is going to start giving "strategic advice" to hedge funds, "political intelligence" to hedge funds regarding their investment strategies.

This is a sure sign that the hedge fund boom is over—when people from politics are getting in, then it's really all about the money and has nothing to do with intelligent investing.

Now that he's left the RNC, Melhman is promoting bipartisanship, dropping that he and Barack are friends—not a good sign for the GOP in 2008, when your party chair feels a need to demonstrate his friendship with a Democrat—and saying that we need to get back to the time "when you argued during the day and had a beer after work."

Did Melhman ever believe that while he ran the party for George Bush and Dick Cheney?  ¶ 7:42 AM