The Rich Get Richer With OUR Money & The Rest Of Us Get Poorer

When you see the word “government” used to describe any entity or in any topic, it means YOUR TAX DOLLARS GOING TO THE WEALTHY AND NOT YOU, THE COMMUNITY YOU LIVE IN OR INTO INVESTING IN FUTURE GENERATIONS: Story: Billions in profits made during the panic

David Tepper’s hedge fund earned a whopping $7 billion by betting against the U.S. recession.

In this comeback year for investors, David Tepper may have scored one of the biggest paydays of all.

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, according to people familiar with the matter. That is among the largest one-year takes in recent years.

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On Feb. 10 of this year, Mr. Tepper read that the Treasury Department was introducing the so-called Financial Stability Plan. It included a commitment by the government to inject capital into banks by buying their preferred stock, (THAT MEANS YOUR MONEY TAXPAYERS !!!) or shares that carry less chance of reward but also less risk than common stock.

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….the government would stand behind the banks….

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Just months earlier, the government had injected billions of dollars to keep companies such as American International Group Inc…

More: http://finance.yahoo.com/career-work/article/108451/fund-boss-made-7-billion-in-the-panic?mod=career-leadership

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