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