Monday, March 23, 2009

Profiting Off Of Misery

Some folks are profiting - big time - over the economic downturn. I suppose that's to be expected, but it's sort of sad, in a way. Mother Jones reports (click on the link to read more) on 10 folks who are making big bucks off of other people's problems...

"Everyone is suffering," President Obama said in his speech to a joint session of Congress in late February. He was referring to the global financial and economic crisis, but he didn't have it exactly right. There are some people who are doing well: dollar-store owners, bankruptcy lawyers, gun manufacturers (sales are up!), short-sellers of stock, foreclosure experts, and so on. But some individuals who are doing well are doing really well. Here's a rundown of 10 of the financial crisis' biggest winners:

John Paulson
Andrew Lahde
Sir Fred Goodwin

James Chanos

Prem Watsa

Shawn Kolahi

Jerry Haworth

Meredith Whitney

Jamie Dimon

John Maynard Keynes

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