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David Tepper

Why Tepper Should Fear the Taper

Michael Pento | Posted 07.22.2013 | Business
Michael Pento

Besides the fact that the deficit for fiscal 2013 will still be about $500 billion higher than it was before the Great Recession began at the end of 2007, markets have two other reasons to fear the cessation of quantitative easing.

America's New Math: 1 Wall Street Hour = 21 Years of Hard Work For the Rest of Us

Les Leopold | Posted 06.22.2013 | Business
Les Leopold

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.

Yahoo CEO Apologizes For Resume Error Fallout

Reuters | Posted 07.07.2012 | Technology

* Yahoo CEO Thompson apologizes to employees in email * Yahoo board expected to discuss internal review - source * Activ...

Astoria Characters: The Do-Gooder

Nancy Ruhling | Posted 05.06.2012 | New York
Nancy Ruhling

David Tepper didn't plan any of it. The universe pushed and pulled him in different directions until he found himself sitting behind the check-out desk at Nook n' Crannie, the second-hand shop that gives alcoholics and addicts a second chance.

Joy Resmovits

Who's Funding Michelle Rhee? | Joy Resmovits | Posted 03.09.2012 | Education

Politics is once again making strange bedfellows. A top Mitt Romney supporter and one of Barack Obama's wealthier contributors have a common cause: Th...

$100 Million ATM Receipt Found In Hamptons

The Huffington Post | Timothy Stenovec | Posted 08.30.2011 | New York

This could be the closest many of us get to seeing $100 million. The Wall Street tabloid site on Wednesday posted a June 18 ATM rec...

How One Hedge Fund Manager Made A Killing Betting On Washington | ANITA RAGHAVAN | Posted 05.25.2011 | Business

[David] Tepper, who runs Appaloosa Management, a $14 billion hedge fund in Short Hills, N.J., told CNBC in late September that the Federal Reserve's w...

Why David Tepper Is Only Half Right

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

An economy can't persist for very long by buying its own debt with printed money. When rates rise despite the Fed's efforts to keep them down, that's game over for the "recovery."

When Fed Signals Stimulus, It's 'Balls To The Walls,' Says Hedge-Fund Manager (VIDEO)

Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

When the Treasury Department announced one of its bank rescue plans in early 2009, few investors besides David Tepper believed the government would ac...

Why Do We Save Billionaires, but Not Teachers?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

In New Jersey, a state that is home to a bevy of high finance billionaires, with the highest per capita income in the nation, teachers are being sacked left and right.

The 5 Best-Paid Hedge Fund Managers (PHOTOS)

Huffington Post | Posted 05.25.2011 | Business

We heard a lot about CEO pay when Wall Street firms doled out their annual bonuses earlier this year. Of course, any bonus at all could be interpreted...

What Would You Do With a Billion Dollars?

Tony Schwartz | Posted 05.25.2011 | Business
Tony Schwartz

Today, Americans donate an average of 2 percent of their gross income to charitable causes. But what if the richest people gave much more away (and still kept a lot)?

Hedge Fund Managers' Pay Roared Back Last Year

New York Times | Posted 05.25.2011 | Business

The Lazarus-like recovery of the nation's big banks did not benefit just the bankers -- it also created huge paydays for hedge fund managers, includin...

The Ten Wealthiest Financiers in America Are Not Worth $900,000 an Hour

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The time may come when the American people demand a modicum of financial justice and economic sanity. This would require something far beyond the current financial reform, which is basically a gift to Wall Street and hedge funds.