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Hedge fund managers make BILLIONS while american's get screwed

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posted on Apr, 1 2010 @ 05:27 PM
reply to post by Kaytagg

You seem to not understand how money is created in the United States or worse the history or the mechanisms behind banking in general.

Money is created everyday out of thin air due to our private banking cartel called the Federal Reserve. Hence why we as a nation will always be in perpetual debt. It's rigged that way in order for profits to flow back to the private banks. Money is just an abstract form of law.

posted on Apr, 1 2010 @ 05:40 PM
reply to post by Zosynspiracy

Yeah the 3 1/2 hour documentary Money Masters gives the goods on where it comes from:

posted on Apr, 1 2010 @ 09:51 PM
reply to post by Janky Red

Oh, please. Ever heard of the expression "Work smart, not hard"? Hard work is so last century.

posted on Apr, 1 2010 @ 10:11 PM
reply to post by drew hempel

I watched that whole docu before I knew anything about the fed/economy/finance.

I don't exactly remember the finer points of it, now adays, but It was an okay docu.

Most of the fuss over the Fed is simply ignorance on the part of many Americans, who don't understand why they're getting such a bum deal in the richest country in the history of the world, while some guys -- like a certain hedge fund manager who in 09 made 4,000,000,000.00 dollars and only paid 15% in taxes on it -- are making out like bandits.

It has nothing to do with the fed, imo. There's just no link, except for a vague conspiracy theory about Alan Greenspan and Ben Bernankee running the world -- which makes no sense at all.

If you really want to learn something, listen to Noam Chomsky. A good place to start is Noam Chomskie's Talk on Class Warfare.

Most people are simply mad, because they've basically been left behind, in the wake of a changing economy/government/world. How that happened exactly, I do not know. But I think it has something to do with people being too comfortable in life -- laying back, watching tv, playing video games, spending time on fantasy football, etc. When you make room for all those activities, you have to cut out other activities in your life -- like reading books, finding new hobbies, "bettering" yourself and educating yourself. You replace those more noble pastimes with mindless ones, and you "progress" backwards as a human being. That, surely is part of what lead to the decay of our society.

Most people didn't feel it until it was too late to do anything about it. And here we are today, with a bunch of angry americans who can't understand what went wrong -- as if the 30+ year long overhaul of the economy happened overnight, and they've just been waking up to the consequences of that overhaul in the last 5 years or so.

Well, I hate to be the ass hole here, but many of you people were simply left behind. Fox news helped cover up the mass exodus, so did many prominent republicans. Although it should be noted that if you were fortunate enough to get a quality education at a school like harvard, this is no surprise at all. The only "surprises" left are what the bewildered herd of ignorant americans will invent to explain all these shortcomings in their lives.

posted on Apr, 1 2010 @ 10:13 PM
reply to post by drew hempel

Greenspan in the mid 00's said there was irrational exuberance in the housing market. He knew a bubble was forming. It was all these real estate hucksters and that were preaching housing prices would continue to exponentially rise.

posted on Apr, 1 2010 @ 10:16 PM
Well if you want to add insult to injury, guess what percentage of a hedge fund manager's salary goes towards federal income taxes?

You might think they are in the top marginal tax bracket at 35% right?

No they are not.

The beauty of hedge funds is that the managers get to treat their gains as capital gains, and only pay 15%. In short, most of you probably pay a greater percentage of your income in federal income taxes than hedge fund managers who have salaries that are hundreds of times greater than yours.

posted on Apr, 1 2010 @ 10:34 PM

Originally posted by mnemeth1
reply to post by David9176

I'll take 50% of 1 billion as a bonus for losing other peoples money.

How do I apply for such a job?

[edit on 1-4-2010 by mnemeth1]

Pretty easy actually, if you have any self motivation.

How To Build Your Own Hedge Fund

Problem is too many people in today's America are in the mindset of entitlement rather than self achievement and success. They'd rather sit around on their butts complaining about the self achievement and success of others and how unfair it is until their welfare or unemployment check shows up in the mail, then they go out for 'premium' fast food to celebrate their success in getting more 'free' money.

Pretty pathetic, actually. But that is Obama's America.

posted on Apr, 1 2010 @ 10:42 PM
reply to post by Ferris.Bueller.II

That article has nothing to do with starting an actual hedge fund..

posted on Apr, 1 2010 @ 10:47 PM
reply to post by hotpinkurinalmint

By then it was too late!! The housing 2nd mortgage bonanza was in full swing by 1998!!

The root of the present drama is in the huge housing mania—and the financial adventurism that surrounded it—that took hold of the U.S. in the mid-1990s and accelerated after the stock market collapsed in 2000–1. (For background, see this prescient 2005 LBO article.) Several aspects of the bubble have left behind a toxic residue.

[edit on 1-4-2010 by drew hempel]

posted on Apr, 1 2010 @ 10:52 PM
Why blame other people for being good at making money while you are not? These people worked hard to be born into rich, well-connected families in order to get cushy, astronomically-paid jobs. If you weren't born into a rich, well-connected family, it's your own fault. Stop whining!

posted on Apr, 1 2010 @ 10:54 PM
There is massive conflation in this thread between hedge funds, big banks, and the Fed. People are lumping them all in together. I'm not going to say too much more on that topic because the rage is too strong, but look at the '08 bailouts...they all went to massive firms, not hedge funds. The one example of a hedge-fund bailout given here was LTCM, which happened twelve years ago. The examples of unfair proprietary trading all have to do with big investment banks, not hedge funds. I am not going to stand here and sing the praises of hedge funds, which certainly have their own problems, but give the devil his due...learn who gets what and how. If you want to rail against the government/financial nexus, all well and good but get your facts straight first.

posted on Apr, 1 2010 @ 11:19 PM
reply to post by silent thunder

Hedge Fund Bail Out 12.20.08 -- 2:19PM By Josh Marshall The Fed has set up something called the TALF, the Term Asset-backed Securities Loan Facility, which will offer "low-cost three-year funding to any US company investing in securitized consumer loans" including hedge funds. Says the Financial Times (reg.req.), "Since the credit crisis erupted, hedge funds have complained that they cannot get the leverage they need to arbitrage away excessive spreads and meet high hurdle rates of return."

If you are having trouble telling the difference between hedge funds and investment banks these days, the latest ranking from Alpha magazine probably won’t help. In a further sign of how deeply Wall Street firms are getting into the hedge-fund business, the hedge fund arms of two bulge-bracket banks, J.P. Morgan Chase and Goldman Sachs, have the No. 1 and No. 2 positions on Alpha’s annual list of the biggest hedge funds. Top-ranked J.P. Morgan has $33 billion in hedge fund assets, putting it just above last year’s winner, Goldman, which oversees $32.5 billion.

posted on Apr, 1 2010 @ 11:25 PM
In regards to these felonious hedge fund managers and bankers in general. I recommend that the population start voiding the warranties on their rusty linoleum knives on these immoral nut wads.

It's amazing, that thanks to the deregulation of the banking system the average teller can do things (often unwittingly) that would literally be felonies in any other profession. Banks are a giant scam. heres an experiment. cash every single check you get, deal only wit cash and be amazed as you save way more money than you ever expected to by not putting up with your banks BS fees. "are you sure you want to cash that check, we'll take a whole 5 bucks from it. thats so expensive!!!" Yeah 5 bucks is way more expensive than the BS transfer money to my savings account every month from my checking or the 2000% interest I get charged when I over draft one dollar on my checking account cause the bank transfered my money to my savings account and then double dipped and charged me for taking money out of my account to begin with.

Bankers are scum, or unwitting morons committing immoral acts. sort of like the pharma companies and their crazy profit margins. Last time I checked loan sharking was illegal unless it's your bank screwing you

posted on Apr, 1 2010 @ 11:31 PM
reply to post by BASSPLYR

The overdraft industry, which started only 16 years ago, has grown to nearly $40 billion. It's one of the banking industry's biggest honeypots. How? Well, many people don't realize that you can incur more than one overdraft fee in a single day, or that many banks deliberately reorder purchases to ensure that you pay the maximum number of fees. And while the Fed finally ruled that come July consumers must opt in to overdraft protection, it didn't address the central flaw: Overdraft fees are essentially a form of loan sharking. Consider that the average overdraft amount is $17 and is paid back in five days. With the typical overdraft fee now around $35, this works out to nearly $2 in fees for every $1 borrowed, an effective annual percentage rate of more than 10,000 percent. Not even the Mafia has a vig like that.

It was, for example, what allowed Big Finance to keep Congress from banning "universal default," the small-print declaration on millions of credit card applications that banks could retroactively raise interest rates on consumers at any time for any reason.

posted on Apr, 2 2010 @ 03:40 AM
reply to post by David9176

Im gonna have to agree with you here... unplug your damn televisions... its doing nothing positive for this country...

youd be suprised at how many i have been called a socialist as of late... ehh

posted on Apr, 2 2010 @ 05:16 AM
reply to post by Divinorumus

the system that they were investing collasped, remember, billions of dollars in bailouts, just to keep the gears from grinding to a halt???

siphoned from the taxpayers, just so a bunch of parasitic clowns from wall street can keep playing in their casino???

sorry, but, as I see it, once the taxpayers money starts being forced to funnel into something, then yes, the taxpayers have an interest in that something, they have a say!!!

as for being producers, and working hard...
sorry, but the producers are the ones working in the factories, what few we have left, they are producing tangible goods via blood and sweat!! wall street just feeds on those that want to magically double their buck, oh, so much like a slot machine in vegas!! or the house flippers that will scoop up a house, throw a maybe a week or so of their time into fixing it up a little, then turn and sell it and walk away with a nice hefty profit!!

hard work isn't at play work might be, but not hard work.
there's too much tax money being directed into the industries and I've watched as the wall street players shuffled their money around according to the latest words coming from washington...
there's no way you are gonna convince me that we, the people, aren't involved here!

posted on Apr, 2 2010 @ 07:14 AM
wow 20,000% interest. a fee rate of two dollars to every one dollar withdrawn. Damn thats a crime against humanity.

It's a sad fact when the federal reserve and wall street would be better off run by the mafia cause they are actually more reasonable, less greedy, and relatively more fair. Thats saying something. I picture a day in he future where when technically guido your mob boyfriend is less deplorable than the guy with the beemer and the bad suite at the bank.

my biggest pet peeve about banks though is when the hot teller girl only flirts with you when you are depositing or cashing a big check. go in a week later and withdraw 20 bucks or only have 100 bucks in your account and flirty girl pretends like you don't even exist. Like you were just some looser with a normal job and life. GRRRRRRRR!!!!!! The worst part of banks. I mean whats that saying about the tellers personality.

posted on Apr, 2 2010 @ 10:31 AM
reply to post by BASSPLYR

Hey don't discount the "young flirty" angle on banks! Banks pay $1 billion dollars a year for exclusive marketing rights to college campuses -- preying on the young and innocent.

Here's the latest -- 8 new secret bank fees have been created in response to the new rule not allowing retroactive interest increases.

posted on Apr, 3 2010 @ 02:11 PM
There is a simple explanation for the HUGE "Bonuses"

I bet that each of those accepting this money must sign a nondisclosure agreement, agreeing to forfeit the entirety of their bonus



The Bankers and brokers are being PAID TO SHUT UP

The financial melt-down is a non-recoverable error.... in order to fix it, the entire system must be reset.... the desperate attempts to keep it going 'just a little longer' will get more and more expensive... until there wont even be enough printing presses to print the required amounts of cash.

Already the Feds have printed so much cash and taken on soo much debt, that, if you sit and actually do the math, it is an impossible situation, it will never be paid off...the system is going to collapse.

If you own paper currencies, better get the hell out now...

FDIC Insurance sounds great but read the fine print.... by the time you get your cash out, what if there has been a surprise depreciation of 100%...

My lawyer started explaining the mess to me and after two hours I stopped him, and I said, ... "Dave, lemmie get this straight, you are telling me that we are totally screwed and there is no way out? That there isnt nough money if you count all the currencies of the world to settle the true extent of this cock-up?"


[edit on 3-4-2010 by seataka]

[edit on 3-4-2010 by seataka]

posted on Apr, 4 2010 @ 06:41 AM
reply to post by OnceReturned

Personally I'm all for capitalism and making money, I suppose the kink in this particular money making SCHEME is it was all lies packaged to make investors think they had value on PUMPED up BS, if it was such a solid REAL investment why is the public bailing out these thiefs?

Real value doesn't take a bailout does it?

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