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Tag: Hedge Funds

Tony Fischer (CC-BY)

How a Hedge Fund Made $100 Million From New Jersey’s Desperation

When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.

Posted on Dec 30, 2014 READ MORE

Cry for Argentina: Fiscal Mismanagement or Pillage?

Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Posted on Aug 15, 2014 READ MORE

The Disconnect Between Workers’ Pay and Social Worth

Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Posted on Aug 4, 2014 READ MORE

Clintonians Join Vulture Flock Over Argentina

Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars out of Argentina, a move that could derail the country’s long climb back into solvency and undermine debt settlements worldwide.

Posted on Jul 24, 2014 READ MORE


Imagine Christie’s Budget Crisis on a National Scale

Two key decisions by the New Jersey governor have redistributed wealth from pensioners to hedge fund managers while throwing the state’s finances into chaos.

Posted on May 23, 2014 READ MORE

huangjiahui (CC BY-SA 2.0)

Truthdigger of the Week: Documentary Filmmaker Marije Meerman

Through testimony from the people who built it, Dutch filmmaker Marije Meerman gives us a singular view into the dark and dangerous future of investment and trade.

Posted on Jan 12, 2014 READ MORE

White House/Pete Souza

Gag Me With Lawrence Summers

President Obama thinks his former economic adviser is brilliant, but as Summers’ second trip through the revolving door between Washington and Wall Street reveals, he’s just greedy.

Posted on Jul 29, 2013 READ MORE

John Wiley and Sons

Take, Don’t Make!

How did two hedge funds that have fewer than 100 employees each make as much money as Apple Inc., which relies on the hard work of its nearly 30,000 U.S. employees and an additional 700,000 workers and contractors globally?

Posted on Apr 18, 2013 READ MORE

AP/Jae C. Hong

Do the Bain Hustle

President Obama is to be applauded for questioning Mitt Romney’s legacy, although his motives seem to be as opportunistic as those of Romney’s opponents in the Republican primaries who took the same tack.

Posted on May 23, 2012 READ MORE

Flickr / woodleywonderworks

Big Finance Argues Its Irrelevance

Don’t mistake the claims of relative unimportance coming from the big shots on Wall Street before an audience of federal regulators over the past several months for some sort of newfound humility. (more)

Posted on Jun 12, 2011 READ MORE


Hedge Fund Founder Found Guilty: Who’s Next?

The founder of the Galleon Group hedge fund, Raj Rajaratnam, faces 25 years in prison after a jury convicted him on 14 charges related to a six-year insider-trading binge that netted him more than $60 million. (more)

Posted on May 11, 2011 READ MORE

University of California Berkeley

A British Perspective: How U.S. Universities Became Hedge Funds

A U.K. journal offers a great primer on why our public universities—especially California’s—are in such a dismal state these day.

Posted on May 5, 2011 READ MORE

Photo illustration

New England Republicans Assure Financial Reform Passage

Scott Brown of Massachusetts has decided to support the anemic financial reform bill because, as The Washington Post reports, “he got nearly everything he wanted.” The bill is now expected to pass with the support of at least two other Republicans, including Maine’s Olympia Snowe.

Posted on Jul 13, 2010 READ MORE

AP / Virginia Mayo

EU Moves to Cap Bank Bonuses

Looks like banking executives in EU member nations will have to settle for slightly less ginormous bonuses in the coming year, once the European Parliament puts its official stamp on an agreement to limit banking bonuses and severance packages.

Posted on Jun 30, 2010 READ MORE

AP photo / Louis Lanzano

The Root of Madoff’s Evil

Bernard Madoff should be exhibit A in why the dark world of totally unregulated private money managers and hedge funds should be opened to the light of systematic government supervision. Instead, he is being treated as an aberrant menace.

Posted on Jul 1, 2009 READ MORE

Flickr / World Economic Forum

Wall Street Showered Obama’s Top Economic Adviser With Riches

Lawrence Summers is the man President Obama turns to for insight into the economy, so it’s more than a little disturbing that the very financial institutions the taxpayers are now rescuing—to the tune of nearly $3 trillion—paid Summers almost $8 million last year. Goldman Sachs & Co., a major beneficiary of the government’s largesse, paid him $135,000 for one speech.

Posted on Apr 6, 2009 READ MORE

White House

White House Looking to Curb Wall Street’s Excesses

Faced with the glaring problem of indulgence and intractability on the highest tiers of Wall Street’s corporate behemoths, the Obama administration is putting together a plan to make financial institutions more accountable and more transparent to the government and to the taxpayers who granted them buoyancy.

Posted on Mar 21, 2009 READ MORE

Cramer on TV

Jim Cramer’s Stock Market Manipulation Primer

So, CNBC hyperpundit Jim Cramer was the very picture of contrition during his cringe-tastic appearance on Thursday night’s “Daily Show.” But let’s revisit this moment from 2006—when Cramer brought a much haughtier version of himself to TV to discuss, among other delightful topics, how to “create a new truth to develop a fiction” whilst in “hedge-fund mode”—shall we?

Posted on Mar 13, 2009 READ MORE

Down to Their Last Billion

The satirist reports that, desperate to protect their endangered fortunes, thousands of the nation’s leading hedge-fund managers converged on Washington today in “The Million Mercedes March.”

Posted on Sep 9, 2007 READ MORE

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