I'm guessing this isn't what Alice Cooper had in mind.
http://news.yahoo.com/s/nm/20080416/bs_nm/hedgefund_earnings_dc_1
A number of hedge fund managers received in excess of $1 billion each
in compensation this year.
And to top it off, a tax loophole allows their comp to be considered
"carried interest" such that they are taxed at the lower 15% capital
gains rate rather than the ordinary income rate like us working folks.
These useless parasites owe quite a thank you to Bernanke.
