[Ernest_at_the_Beach]

H/T to the Drudge Report.

[Pearls Before Swine]

Good for him. He bet against immediate disaster and was right without manipulation.

[griswold3]

David Tepper has purchased bonds backed partly by debt of 666 Fifth Ave. in New York.

“666”?? Just who is this David Tepper fellow?

[wastedyears]

Of course, some people will say the guy shouldn’t be allowed to make that much money, for whatever reason.

Not anybody from on here though.

[Cletus.D.Yokel]

Mr. Tepper's hedge-fund firm has racked up about $7 billion of profit so far this year—with Mr. Tepper on track to earn more than $2.5 billion for himself

Is the Politburo going to arbitrarily reduce his compensation?

Why don't we hear more about the evils of "Big Hedge"?

[E. Pluribus Unum]

Obama’s pay czars will be paying a visit.

[PaulAllen]

Is Pimco’s Bill Gross too powerful? - Feb. 20, 2009

Indeed, Pimco’s success stems from shrewd bets on government intervention.

“We looked for assets that we felt the government would eventually have to own or support.”

“We tried to move ahead of the government,” says Gross, “to purchase assets before we believe they will have to.”

http://money.cnn.com/2009/02/19/news/newsmakers/benner_gross.fortune/index.htm

[PaulAllen]

If government is going to make poor choices, someone will always be there to capitalize on it.