When the financial crisis hit, some people made a mint. Hedge fund traders carrying out complex trades -- largely unregulated -- made sophisticated bets that netted them millions, in some cases billions. Deborah Amos talks to financial writer Sebastian Mallaby about his new book, More Money Than God. It's a history of hedge funds, and explores their role in the U.S. economy.
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| Audio Embed: NPR's Morning Edition 6/14/10, Host: Deborah Amos. | |
And Their Tax Rates Could Change
The Senate is considering a bill this week aimed at creating jobs and extending some business and family tax breaks. Lawmakers have decided to pay for those provisions by partially closing a controversial tax loophole that has allowed managers of investment partnerships, from hedge funds to real estate developers, to pay less than half the regular tax rate on much of their income.
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| Audio Embed: NPR's Morning Edition 6/14/10, Reporter: John Ydstie. | |
Earthquake, tsunami,
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