The billionaire head of the Galleon hedge fund was found guilty of 14 counts of securities fraud and conspiracy, but he's not just an isolated "bad apple."
It’s high time that the $2.2 trillion sloshing around in hedge funds supported real job creation and debt repayment instead of enriching a handful of billionaires.
How do they make so much money? Where does it come from? How can hedge fund firms with fewer than 100 employees make as much profit as firms with thousands of employees?
Wealthy investors and major banks have been making windfall profits by using a little-known federal tax break to finance new charter-school construction.