FDL Book Salon: How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning Off America’s Wealth
Posted in: FDL Book Salon
Top hedge fund managers make more than Oprah, Rupert Murdoch, and A-Rod combined—but they aren’t running news and entertainment empires or playing baseball for the New York Yankees. Aren’t you curious about how these hedge fund dudes make so much doing who knows what? You may even wonder if you can get there, too. After all, this is America!
This book gives you the answers in a twelve-step guide to accumulating vast riches the way hedge fund managers do—by playing trillion-dollar poker with a marked deck. Through each easy step, you’ll learn the sleight of hand and disregard for basic morality you’ll need to move from making tens of dollars an hour to millions an hour! Along the way, you’ll also question whether these hedge fund moguls make markets work better—as they and their apologists insist—or cause instability, siphon off capital, and destroy value without adding so much as a single widget to the economy.
LES LEOPOLD is the executive director of the Labor Institute and Public Health Institute in New York and one of the most popular writers for the progressive website AlterNet. He is also the author of The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do about It. (Wiley)