To paraphrase Lloyd Bentsen, you haven’t met a real elitist until you consider the life of John Paulson. His salary last year: $3.7 billion. That is not a misprint: three billion, seven hundred million dollars. Now that’s doing elitism in a big way. Welcome to the new Gilded Age. Today, Institutional Investor Magazine releases […]
Working Life
Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Hedge Funds"
Let Them Eat Cake: Now Here Are Real Elitists
Posted on 16 April 2008.
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Democrats Can’t Capitulate on Economic Fairness, Either
Posted on 08 September 2007.
While they are quivering and wavering on the Iraq War, let me suggest that there is another issue Democrats cannot capitulate on: economic fairness. It’s been said, repeatedly, that the Democrats took control of Congress in 2006 because of the anger over the Iraq War. I don’t disagree that the war was, and should […]
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Schumer’s Buddies Find Other Tax Dodges
Posted on 14 August 2007.
The hedge fund industry–those very close friends of Sen. Chuck Schumer–are apparently finding other ways to avoid paying taxes. Today’s The Wall Street Journal has this story: U.S. lawmakers are examining yet another tax perk enjoyed by hedge funds: Many of these funds lend money like banks, but unlike traditional lenders, often don’t pay […]
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More Collapsing Hedge Funds–Inevitable
Posted on 25 June 2007.
You can hear the nervous Nellies on Wall Street expressing worries that so many of us have raised for a long time about hedge funds and the private equity funds that operate outside the scrutiny of the government. Today’s front-page Wall Street Journal article is an expression of the concern: Â The near-meltdown of two […]
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