How America’s Wealthiest Are Saving Billions Through a Private Tax System

Staff / Truthdig Dec 31, 2015 Part of the so-called "income defense industry," the system involves highly paid tax lawyers, estate planners, anti-tax activists and lobbyists who work in tandem to devise the best strategies for super-rich individuals to save on taxes. Dig deeper ( 3 Min. Read )

Martin Shkreli Is Just a Brasher, Larger Version of What Others in Finance and Corporate Suites Do

Robert Reich / Truthdig Dec 22, 2015 The former hedge-fund manager and pharmaceutical executive may be a rotten apple, but hedge funds and the pharmaceutical industry are two rotten systems that are costing Americans a bundle. Dig deeper ( 4 Min. Read )

VIDEO: ‘Pharma Bro’ and Hedge Fund Profiteer Martin Shkreli Arrested in Fraud Case

Staff / Truthdig Dec 18, 2015 The 32-year-old Turing Pharmaceuticals CEO and Wall Street player became a source of schadenfreude on a mass scale Thursday with the news that he had been arrested for securities fraud. Dig deeper ( 3 Min. Read )

How Illinois’ Super-Rich Governor and His Cronies Are Changing the State

Staff / Truthdig Nov 30, 2015 If the recent political trends in Illinois serve as a test case for the rest of the country, we're in for big trouble. Dig deeper ( 2 Min. Read )

VIDEO: Turing Pharmaceuticals CEO Martin Shkreli: 5,000 Percent Price Boost ‘Not Excessive at All’

Staff / Truthdig Sep 23, 2015 In case you hadn't heard, last month, Turing Pharmaceuticals CEO and former hedge fund manager Martin Shkreli got hold of the rights to parasite-zapping drug Daraprim, and then he had the bright idea to raise the price from $13.50 to $750 per pill. Now he has a big public relations problem and a self-created health care crisis on his hands. Dig deeper ( 1 Min. Read )

Clintons’ Affair With Wall Street Grows With Son-in-Law’s Hedge Fund Hookup

Donald Kaufman / Truthdig Mar 25, 2015 Marc Mezvinsky, a money manager at the hedge fund firm Eaglevale, married Chelsea Clinton in July 2010 and seems to have reaped benefits from the Clintons' wide web of financial supporters. Dig deeper ( 2 Min. Read )

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

Staff / Truthdig Dec 31, 2014 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. Dig deeper ( 11 Min. Read )

Cry for Argentina: Fiscal Mismanagement or Pillage?

By Ellen Brown, Web of Debt Aug 15, 2014 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. Dig deeper ( 6 Min. Read )

Greg Palast: How Obama Could End Argentina’s Debt Crisis

Alexander Reed Kelly / Truthdig Aug 9, 2014 "The 'vulture' financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama," investigative journalist Greg Palast writes Thursday at The Guardian. "But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default." Dig deeper ( 2 Min. Read )

The Disconnect Between Workers’ Pay and Social Worth

Robert Reich / Truthdig Aug 4, 2014 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? Dig deeper ( 3 Min. Read )

Clintonians Join Vulture Flock Over Argentina

By Conn Hallinan Jul 24, 2014 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.Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars from Argentina. Dig deeper ( 7 Min. Read )

Just One Hedge Fund Dodged $6 Billion in Taxes, Senate Committee Finds

Staff / Truthdig Jul 22, 2014 Sen. Carl Levin's Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund of Renaissance Technologies LLC found a clever way of cheating the IRS. Dig deeper ( 1 Min. Read )