The wage-gap continues.
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 [...]
Archive for April 16th, 2008
Reliving 1928
Posted in Economy and Business, Humanism, tagged 1928, hedge fund managers, stock market crash, wage gap, wealth distribution on April 16, 2008 | 2 Comments »
Corporate Welfare in Senate Housing Bill
Posted in Economy and Business, Housing, US Senate, tagged corporate welfare, Foreclosure Prevention Act, Housing, mortgage crisis on April 16, 2008 | Leave a Comment »
I just cannot follow the logic between the name of the senate bill meant to help homeowners facing foreclosure and the corporate welfare contained within the actual bill. In fact, the spiffy name, Foreclosure Prevention Act, does not even slightly come close to describing what is actually contained in the bill.
The tax provisions of [...]
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