Explain the significance of this crappy boutique mentioned in James Altucher's post

http://www.jamesaltucher.com/2011/06/politics-is-…

Bill was CEO of Brean Murray, one of the mini-banks I considered selling my fund of hedge funds to in 2006.

...Alan Quasha, the owner of Brean Murray, at an event they were throwing...

Terry was the Vice-Chairman of Brean Murray. Terry was known in most circles as “Bill Clinton’s best friend”.

Why is it that the guy that owns this investment banking shop, and his vice chairman, are supposed to be two of the most powerful people in American politics, yet I've never heard of their little shop? It looks like they are probably heard of in the ER realm, but that is not a very profitable way to make a name for yourself.

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