It's easy to get caught up in the moment and forget about those who are hurting the most this holiday season: old, rich white men, who have suffered the slings of the 99% despite being responsible for all that is good in the world. Thankfully Bloomberg News was able to track down these noble creatures to find out what they think about the legions of Americans who believe in greater income equality. "Who gives a crap about some imbecile?" 82-year-old billionaire and co-founder of Home Depot, Bernard Marcus says. "Are you kidding me?" more ›

Call it "Mr. Hipster Goes To Delaware", or just a case of a regular guy who's tired of being pushed around by the rich and powerful. When Queens resident Nate Thoma gave a 24 minute statement in front of a judge at WaMu's bankruptcy hearing in December, it "changed the course of one of the largest bankruptcies in U.S. history." The Wall Street Journal, who apparently takes photos of subjects with Hipstamatic and will call any smoker with a scruffy beard a "hipster," details how the 33-year-old self-taught trader crawled his way back from losing all of his investment when the bank filed bankruptcy in late 2008, only to see hedge funds play in same strategy to quash smaller investors. more ›

When an inside trading scandal is as puny as the one against Winnie "The Poohster" Jiau (hedge funds paid her $200K for tips, which is how much Lloyd Blankfein's iPad case cost) it's only natural to seize on the more titillating aspects of the case, like how a witness against her somehow testified about his bad mushroom trip. Totally told you to stay away from those purple ones bro! more ›

In the battle between legislators and teachers' unions over federal Race to the Top funding, hedge funds' executives are becoming powerful proponents of charter school reform. A new proposal for federal school funding would require the Assembly to pass legislation that would raise the cap on charter schools, and many managers have contributed millions in funds to lobby for the bill. “A lot of hedge fund and finance people in New York had decided state politics was too dirty and focused on their philanthropy.” said Eagle Capital Management partner Boykin Curry, “I think there’s an awakening now that we can be a force in Albany, but we’ve got to play a tougher game than before.” more ›

White collar perp walk time: WNBC is reporting that the FBI arrested former Bear Stearns hedge fund managers Ralph Cioffi Jr. and Matthew Tannin this morning. Why? Because they allegedly reassured investors the hedge fund was a-okay "before the funds lost more than $1.5 billion in value." more ›