Hedge Funds

In The Public Interest: An Oil Industry Tax-Dollar Leak No Amount of "Top Kill" Can Stop

Phineas Baxandall | Posted 05.25.2011

Read More: Taxes, Bp, Cbo, Regulation, Public Interest, British Petroleum, House Ways and Means Committee, Loopholes, Gulf Oil Spill, Politics News, Senate, In the Public Interest, Hedge Funds, Hedge Fund Managers, Deepwater Horizon, US Pirg, Saturday Night Live, Cheaters, Politics News

President Obama and Congress need to get some serious "top kill" going on the corporate tax loopholes which allow greedy corporations to shirk their responsibilities and billions of dollars to tax bills of those who play fair.

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Volcker Rule Under ATTACK!

Bloomberg | Yalman Onaran | Posted 05.25.2011

Read More: JP Morgan, Lobbyists, Banks, Senate Banking Committee, President Barack Obama, Citibank, Hedge Funds, Paul Volcker, Volcker Rule, Barack Obama, Senate, Business News

Senate negotiators will probably offer changes today that would soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own ...

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Will the Real Obama Please Stand Up for Reform? Six Ways to Know if the Financial Reforms Are for Real

Les Leopold | Posted 05.25.2011

Read More: JP Morgan Chase, Goldman Sachs, Unemployment, Wall Street, Hedge Funds, Too Big to Fail, Wall Street Reform, Financial Crisis, Wall Street Bonuses, Barack Obama, Glass-Steagall, Citigroup, Great Depression, Politics News

Obama's working from a flawed theory: "There is no dividing line between Main Street and Wall Street. We are all in this together as one nation." Really? The entire story of this crisis is about how we are not in this together.

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John Paulson Defends His Toxic CDOs by Insulting Everyone's Intelligence

David Fiderer | Posted 05.25.2011

There are countless ways to discredit Paulson's recent statements, just as there are countless ways to discredit his claim that he operated in "good faith."

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Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011

Read More: Foreclosures, Democracy Now!, Nomi Prins, The American Prospect, Robert Reich, Tbtf, Derivatives, Wall Street Crisis, Financial Reform, Christopher Hayes, The Nation, Recession, Greenspan, Alternet, Financial Fraud, Aig, Goldman Sachs, Foreclosure Crisis, Wall Street Reform, Nick Baumann, Bailout, Goldman Sachs Fraud, Mother Jones, Hedge Funds, Subprime, Amy Goodman, Juan Gonzales, Bank Bailout, Wall Street Fraud, Wall Street Bailout, Too Big to Fail, Home News

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

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Goldman and SEC: Why No Settlement?

Jill Schlesinger | Posted 05.25.2011

Read More: Goldman Sachs, Sec, Hedge Funds, Business News

Why hasn't Goldman just settled this thing? Usually litigators inside Wall Street firms argue that fighting is a losing proposition, due to the negative PR and/or potential liability from a loss.

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Wall Street Wants Its Name Changed to Casino Canyon?

Les Leopold | Posted 05.25.2011

Read More: Financial Crisis, Wall Street Crisis, Volcker Rule, Wall Street Bonuses, Hedge Funds, Great Depression, Too Big to Fail Banks, Business News

Under the rules governing high finance, bankers can win every time. They're essentially serving as "the house" within a vast global casino. That yields a lot more cash than moving the nation's savings into productive investments.

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Does Dow 11,000 Mean Total Victory for Wall Street?

Les Leopold | Posted 05.25.2011

Read More: JPMorgan Chase, Goldman Sachs, Unemployment, Wall Street, Hedge Funds, New Deal, Financial Reform, Too Big to Fail, Financial Crisis, Wall Street Bonuses, Great Depression, Business News

Now that the Dow is shooting past 11,000, Congress has the perfect excuse to pass a pathetic set of watered down financial reforms. Arguments between Democrats and Republicans are for political show. The bankers already have won.

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SEC To Hire Experts And Academics, Fewer Lawyers

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: Fraud, Lawyers, Hedge Funds, Derivatives, Salomon Brothers, Aig, Sec, Securities and Exchange Commission, Financial Regulation, Financial Instruments, Business News

Although lawyers fill most of the SEC's ranks, the agency has been hiring experts with specialized quantitative skills and those who have worked on Wa...

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In The Public Interest: Close the Loophole. Really.

Nicole Tichon | Posted 05.25.2011

Read More: Taxes, Politics News, Senate, In the Public Interest, Cheaters, Cbo, Hedge Funds, Hedge Fund Managers, Public Interest, Saturday Night Live, US Pirg, House Ways and Means Committee, Loopholes, Politics News

On Saturday Night Live, the "Weekend Update" sometimes includes a segment in which Seth Myers and Amy Poehler will report a fairly ridiculous - but tr...

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Rahm Emanuel and Magnetar Capital: The Definition of Compromised

Yves Smith | Posted 05.25.2011

Read More: Financial Crisis, Hedge Funds, Rahm Emanuel, Financial Reform, Campaign Finance, Business News

Obama raised more money from financial services players than any previous presidential candidate, so it can hardly be a surprise that he and his minions are happy to give the industry a free pass.

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Hedge Funds Finance Campaigns

politico.com | Manu Raju | Posted 05.25.2011

Read More: George Soros, John Paulson, Carl Icahn, Wall Street, Hedge Funds, Campaign Contributions, Federal Election Commission, Business News

According to a review of Federal Election Commission records, the nation's 10 richest hedge fund managers have dumped nearly $1 million into campaign ...

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After Hobnobbing With Bankers, McConnell Attacks Wall Street Reform

Chris Harris | Posted 05.25.2011

Read More: U.S. Economy, Mitch McConnell, Lobbying, Lobbyists, Financial Reform, Wall Street Reform, Reform, Wall Street Crisis, Wall Street, Hedge Funds, Financial Crisis, Banking Crisis, Global Financial Crisis, Bank Lobbying, Special Interests, Republican Party, Republicans, Politics News

In return for obstructing Democratic legislation to hold Wall Street CEOs accountable, Republican lawmakers are pressing bankers for financial help heading into the November elections.

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Is there a Global War Between Financial Theocracy and Democracy?

Les Leopold | Posted 05.25.2011

Read More: Wall Street Bailout, Wall Street, FInancial Markets, Hedge Funds, Financial Reform, Too Big to Fail, Financial Crisis, Wall Street Bonuses, Great Depression, Glass-Steagall, Business News

The financial reform bill is virtually designed to institutionalize "too big to fail." And when it's reconciled we'll lose another battle in the ongoing war between global financial markets and democratic nation-states.

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Magnetar How One Hedge Fund Helped Keep the Bubble Going

ProPublica | Jesse Eisinger and Jake Bernstein | Posted 05.25.2011

Read More: Economic Crisis, Hedge Funds, Economy, Cdos, Magnetar Trade, Financial Crisis, Yves Smith, Recession, Housing Bubble, Magnetar, Business News

Several journalists have alluded to the Magnetar Trade in recent years, but until now none has assembled a full narrative. Yves Smith, a prominent fin...

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The 5 Best-Paid Hedge Fund Managers (PHOTOS)

Huffington Post | Posted 05.25.2011

Read More: George Soros, David Tepper, Steve Cohen, John Paulson, Hedge Funds, Hedge Fund Managers, Hedge Fund Manager Pay, Sac-Capital-Advisors, James Simons, Slidepollajax, Business News

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...

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Why Are 25 Hedge Fund Managers Worth 658,000 Teachers?

Les Leopold | Posted 05.25.2011

Read More: Unemployment, Hedge Funds, Financial Reform, Hedge Fund Managers, Tax Cuts, Financial Crisis, Billionaires, Teachers, Business News

While hedge fund managers are living large, teachers everywhere are getting the axe. Our economic system isn't rewarding real value.

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Commercial Real Estate: Why Hasn't It Crashed?

money.cnn.com | Heidi N. Moore | Posted 05.25.2011

Read More: Mortgage, HIlton Hotel, Private Equity, Real Estate, Cre, Property, Commercial Real Estate, Mortgage-Backed Securities, Jones Lang LaSalle, Cmbs, Hedge Funds, Securitized Mortgages, Blackstone Group, Business News

Oddly, however, there is one sector that has been outrunning the reaper since 2007, and it's the last place you'd expect to have survived so long: com...

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Marriage: Social Media and Hedge Funds?

April Rudin | Posted 05.25.2011

Read More: Marketing, Social Media, Business Social Media, Hedge Funds, Hedge Fund Managers, Business News

Social media platforms are changing the way people communicate both personal and professional information about themselves.

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Alan Greenspan Painting You're Ever Going To See Is Owned By A Hedge Funder

businessinsider.com | Courtney Comstock | Posted 05.25.2011

Read More: Greenspan Portrait, Scott Walters, Hedge Funds, Economy, Federal Reserve, Alan Greenspan, MaxCapital Markets, Greenspan Economy, Business News

Hedge fund manager Scott Walters commissioned a portrait of Alan Greenspan in 2005, which now hangs in his office at MaxCapital Markets. Of the Greens...

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Restricting Bank Funding for Hedge Funds: Paul Volcker Does Not Go Far Enough

Georges Ugeux | Posted 05.25.2011

While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enough.

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Hedge Fund Pay

Jeff Danziger | Posted 05.25.2011

Read More: Executive Pay, Hedge Funds, Cartoon, Business News

Hedge fund pay

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President Obama: Bring Back Black

Janet Tavakoli | Posted 05.25.2011

Read More: Goldman Sachs, Sec, Lehman, Hedge Funds, Fcic, Confidence Game, Bailouts, William K. Black, Financial Crisis, Tarp, Psi, Business News

It's time to bring back William K. Black and resolute regulators like him. Our proposed "financial reform" bill is a sham, and the health of our society and our economy is at stake.

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Are Bailouts for the Super-Rich Inevitable? Ask Paul Krugman

Les Leopold | Posted 05.25.2011

Read More: Wall Street Bailout, Wall Street Crisis, Unemployment, Income Inequality, Hedge Funds, Financial Reform, Financial Crisis, Paul Krugman, Great Depression, Business News

Come on, Mr. Krugman, we know you're not ready to make peace with our pampered and grossly overpaid financial elites. Americans are looking for a way out of our billionaire bailout society. Lead the way!

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Offshore Corporate Tax Havens: Why Are They Still Allowed?

Arianna Huffington | Posted 05.25.2011

Read More: Taxes, American Jobs and Closing Tax Loophopes Act, Offshore Tax Havens, Tax Loophole Bill, Wall Street, Hedge Funds, Tax Havens, Tax Loopholes, Business News

The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now.

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