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'The Game Is Rigged': How Fury Over The Great Recession Fueled The Reddit Trade

Occupy Wall Street participants march down Fifth Avenue in New York on May 1, 2012. Lingering anger over the 2008 global financial crisis has fueled several populist movements, including most recently, the battle waged by amateur investors coordinating in Reddit against hedge funds. Emmanuel Dunand/AFP via Getty Images hide caption

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Emmanuel Dunand/AFP via Getty Images

Economy

'The Game Is Rigged': How Fury Over The Great Recession Fueled The Reddit Trade

The GameStop stock saga has risen into a movement fueled by a wave of emotions from the 2008 global financial crisis that are still raw.

'The Game Is Rigged': How Fury Over The Great Recession Fueled The Reddit Trade

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How Wall Street Brought Down Georgia's Suspicious Chicken Price Index

Georgia's chicken prices were 30 to 50 percent higher than chicken prices elsewhere in 2015. Investors smelled a rat. Rob Lawson/Getty Images hide caption

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Rob Lawson/Getty Images

The Salt

How Wall Street Brought Down Georgia's Suspicious Chicken Price Index

When a bunch of Wall Street investors sniffed out a potential price fixing scheme in the poultry business, they bet against big chicken. Then they targeted a price index published in Georgia.

How Wall Street Brought Down Georgia's Suspicious Chicken Price Index

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'Denver Post' Calls Out Its 'Vulture' Hedge Fund Owners In Searing Editorial

In May 2013, 142 newsroom employees of The Denver Post posed for a photo after the newspaper won a Pulitzer Prize for its coverage of the Aurora theater shooting in 2012. This illustration shows the original staff members who remain in April 2018. RJ Sangosti/Katie Wood/The Denver Post hide caption

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RJ Sangosti/Katie Wood/The Denver Post

The Two-Way

'Denver Post' Calls Out Its 'Vulture' Hedge Fund Owners In Searing Editorial

"If Alden isn't willing to do good journalism here, it should sell The Post to owners who will," the newspaper's editorial board wrote, as 25 staffers are laid off from the newsroom.

Senate Questions 'Egregious' Price Hikes For Specialty Medicines

AIDS activists poured cat litter on an image of Turing Pharmaceuticals CEO Martin Shkreli during an October protest in New York. Craig Ruttle/AP hide caption

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Craig Ruttle/AP

Shots - Health News

Senate Questions 'Egregious' Price Hikes For Specialty Medicines

Some companies have bought the patents for old drugs, then abruptly upped the prices — from $13 per pill to $750 in one case. Irate senators call it price gouging.

Senate Questions 'Egregious' Price Hikes For Specialty Medicines

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The Man Argentines Love To Hate Is An American Judge

A wall in Buenos Aires, Argentina, displays posters with an image of U.S. Judge Thomas Griesa and a message in Spanish — "Sovereignty or vulture scam" — in support of Argentina's government in its dispute against a U.S. hedge fund, known locally as a "vulture fund." Natacha Pisarenko/AP hide caption

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Natacha Pisarenko/AP

Parallels

The Man Argentines Love To Hate Is An American Judge

Little-known in the U.S., Thomas Griesa is a villain and scapegoat in the Argentine media. The federal court judge in New York has ruled against Argentina in its battles with its "vulture" creditors.

The Man Argentines Love To Hate Is An American Judge

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Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

A woman in Buenos Aires walks with her dog past a mural that reads "Vultures" in Spanish. The mural is a reference to the dispute between the Argentine government and U.S. hedge funds. Victor R. Caivano/AP hide caption

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Victor R. Caivano/AP

Parallels

Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

Argentina calls them vulture funds, but those hedge funds have a legal right to demand payment. Still, is that moral when a nation is the debtor and its citizens will suffer as a result?

Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

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Some Public Pension Funds Making Big Bets On Hedge Funds
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Business

Some Public Pension Funds Making Big Bets On Hedge Funds

States and cities have been investing billions of pension money dollars in hedge funds. That's costing a lot of money in fees, and experts say the pensions don't have much to show for it.

Some Public Pension Funds Making Big Bets On Hedge Funds

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Feds Charge SAC Capital In Insider Trading Case

Former SAC portfolio manager Michael Steinberg (center) exits a Manhattan federal court with his attorney after his indictment on securities fraud charges in March. Louis Lanzano/AP hide caption

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Louis Lanzano/AP

The Two-Way

Feds Charge SAC Capital In Insider Trading Case

But billionaire hedge fund owner Steven Cohen was not hit with criminal charges. SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees."

Planet Money

Iceland Has Food

On today's podcast, an Icelandic listener says the nation has plenty of food, an Icelandic reporter says that's true but the thrill's still gone, and David Kestenbaum wonders what's the matter with hedge fund.

Yes, Iceland Has Food

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