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Hands up if you made billions of dollars out of the credit crisis

Hedge fund 'masters of the universe' face Congressional grilling over their role in the global credit crunch

The five best-paid hedge fund managers – who between them made $12.6bn last year, even as the financial world began to crumble around them – were hauled before the US Congress yesterday and assailed over their huge salaries, their tax perks and their contribution to the credit crisis that has engulfed the globe.


In a piece of public theatre that reflected not just the present crisis, but also a decade or more of vastly increased income inequality, the five men declared themselves innocent of causing the market meltdown and insisted that their riches reflected hard work and investment insight.

As one Congressman, Elijah Cummings, put it, "these are five citizens who have more money than God", and he proceeded to tear into them over rules that have allowed them to pa

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Added: Nov-14-2008 
By: PiRaTeCoPy
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  • this is what happens when you deregulate corporations and let them run wild, Republicans/Democrats

    regulate them and make sure they aren't screwing:

    - their shareholders

    - their customers

    - their employees

    Posted Nov-14-2008 By 

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  • source .. http://www.independent.co.uk/news/world/americas/hands-up-if-you-made-billions-of-dollars-out-of-the-credit-crisis-1017955.html

    Posted Nov-14-2008 By 

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  • they probably deserve it :-/

    Posted Nov-14-2008 By 

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  • i have lost 7 thousand quid off my pension cos of these greedy wankers sorry bankers

    Posted Nov-14-2008 By 

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  • The crack dealer exploits the stupidity and weakness of the crackhead.

    The people who got rich off the credit crisis exploited the stupidity and weakness of greedy people.

    While they deserve contempt, many of their so-called "victims" deserve some contempt as well.

    Posted Nov-14-2008 By 

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  • this article is very biased.

    Posted Nov-14-2008 By 

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  • Give the money back to the shareholders. Retrain these people to be useful to society. George Soros is an asshole. I think the movie "Inside Man," is about him.

    Posted Nov-14-2008 By 

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  • Nothing wrong with making money, this is after all the United States of America. You libs are just jealous because you can't get a pc of the pie! Oh wait, you will don't worry now that your messiah is in the Black House.

    We are in for a rough ride, no freedoms, brown shirts wow. Glad I just bought a handgun and applied for my carry permit.

    Posted Nov-14-2008 By 

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    • can a handgun protect an American citizen from having a CEO sending his/her job overseas? can it stop our government from selling us out to foreign investment?

      Posted Nov-14-2008 By 

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    • Blah blah blah. Sending jobs overseas is because the US has the highest tax rate for businesses in the world and Snobama wants to make it worse with more taxes on them. The over abundance of regulations on a company is another reason. Wake the fuck up moron.

      If I owned a company that was getting taxed at 35-40% and I saw that I would get taxed in another country at 4-5% goodbye! Gone like a rocket. So many regulations its impossible for the companies to stay alive in the US anymore.

      It c More..

      Posted Nov-14-2008 By 

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    • and well said again las

      Posted Nov-14-2008 By 

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    • lol, this is too easy. i'll humor myself by responding to you, though:

      - corporations are sending american jobs overseas, and hiring illegal immigrants here at home, so they can pay their employees less than minimum wage without benefits

      - i'm not talking about regulating corporations by increasing the tax on them. i'm talking about punishing corporate ones that act like Enron or WorldCom -- our economy would greatly benefit by this kind of regulation (enforcement of existing laws).

      - i don't More..

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    • Well said. What a joke. You must be as dumb if not dumber then the other idiot. Libs are so stupid its pathetic.

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