Hedge Fund Managers See Billion-Dollar Paydays

Hedge fund managers, those masters of a secretive, sometimes volatile financial universe, are making money on a scale that once seemed unimaginable, even in Wall Street's rarefied realms.

One manager, John Paulson, made $3.7 billion last year. He reaped that bounty, probably the richest in Wall Street history, by betting against certain mortgages and complex financial products that held them.

Read the whole story here.

Comments

[biwee]

What do you think is the marginal tax bracket for these billionaires?? Ask a Republican!!

[totalliberal]

We contribute nothing to our society. We move money around and take a cut every time it moves. We are the new Capitalists.
Our job is to decimate everything in our path by owning governments and living like kings.

[LivingStardust]

The Paragons of Greed. Venal Incarnate.

You add nothing to the economy. You push paper. You make nothing of value, you merely leech the system.

In Dante's work, the greedy and venal are sent to the 5th Circle and condemned to lay face-down, paralyzed until they a purified of their unholy obsession and desire for power and possession and a position competing with God. Despite the fact that Dante has Statius, a soul condemned to the 5th Circle, become purified and join the ascension to Heaven, I wouldn't hold my breath for your lot.

And when milk is $40 a gallon and bread can't be bought, Hell is going to sound good to you venal bastards when the hungry poor show up.

Enjoy your money, pigs.