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Tom Wolfe On 'Masters Of The Universe' What happened to the ambitious young people who took Wall Street by storm in the 80s and helped usher in an era of greed and prosperity? Two words: hedge funds. Author Tom Wolfe, who has written extensively about this group, discusses how they are faring now, amid the economic turmoil.

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Tom Wolfe On 'Masters Of The Universe'

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Tom Wolfe On 'Masters Of The Universe'

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Author Tom Wolfe calls them "Masters of the Universe" — the ambitious young people who took Wall Street by storm in the 1980s and helped usher in an era of greed and prosperity. But where are they now? Two words: hedge funds. Madeleine Brand talks to Wolfe about how these people are faring now, amid the economic meltdown.