In a Crackpot Economy, Endless Jackpots for Hedge Fund Managers

By Sam Pizzigati

April 9, 2012 - 10:44am ET 

At what point will our world wake up to the fantastically rewarding scam that our hedge fund masters of the universe have been running?

No single individual in the United States had a more lucrative year at the office in 2011 than Raymond Dalio. Working out of his Bridgewater Associates headquarters in Westport, Connecticut, the 63-year-old hedge fund manager pulled down a sweet $3.9 billion.

The typical American worker, by contrast, ended 2011 earning just under $40,000. That typical worker would have had to labor over 97,000 years to equal what Dalio made in just one.