Can you believe this?

[Andy823]

http://money.cnn.com/2008/04/16/news/hedge_fund_managers/index.htm?postversion=2008041608

How can these people justify such outrageous salaries?

[Hestia]

1. A billion here, a billion there, pretty soon you are talking real money n/t

[lpbk2713]

2. Side note ...

There's a poll at that link that wants to know 'Where do you like to spend your money'.

I think it reflects the times we live in. Most votes went to 'Wherever is cheapest'.

Least votes went to 'The Mall'. I haven't been to my local Mall in years.

[Warpy]

3. Hedge funds are and always have been a Ponzi scheme

The trick is to stash the loot offshore and skedaddle just before it collapses, sailing off to follow your money on that platinum parachute.

[EmperorHasNoClothes]

4. The rich get richer, and the rest of us get screwed

They get a government loan from China in the form of an enormous tax cut, and we get stuck paying it back. Nice how that works.

[dysfunctional press]

5. people are worth whatever someone is willing to pay them.

that's how it works.
that's also why we need to back to the days of a 90% top tax bracket.