Who wants to be a billionaire? Public Citiizen's Proposal to Control Hedge Fund Managers

Hello Concerned Citizens,

The average pay for the top 25 hedge fund managers was $1 billion each in 2009.(1)

So one year after Wall Street crashed the economy and plunged the middle class into its worst crisis since the Great Depression, some of the people who created the crisis became newly made billionaires.

Help us show public support for ending Wall Street’s outrageous pay practices.
Sign the petition: Wall Street must be stopped from rewarding itself for making more trouble.

These 25 hedge fund managers made $25 billion. Now, what else costs $25 billion?

How about NASA? You know, the federal agency that employs thousands and thousands of scientists and engineers? NASA’s budget in 2010 was less than $19 billion.(2)

Guess what else is close? Wisconsin. Gov. Scott Walker’s budget cuts that put corporations before people make that state’s full year budget come to $29.3 billion.(3)

Why, with just a few more cuts, Walker could just sell the whole state to these 25 hedge fund managers. How’s that for “fiscal responsibility” and “free enterprise”?

It’s simply obscene that Wall Street gamblers are raking in such vast sums of wealth. And what is our society getting out of the deal? Increased economic instability and unemployment for 1 out of every 10 American workers.

Sign the petition to end Wall Street’s outrageous pay practices:


Thanks for all you do,

Rick Claypool
Public Citizen’s Online Action Team
action@citizen.org

1. Gilbert, Lisa and Bartlett Naylor. “The Unified Pay Theory,” Huffington Post. March 7, 2011.
http://www.huffingtonpost.com/lisa-gilbert/the-unified-pay-theory_b_830165.html

2. News Release. “NASA Announces Fiscal Year 2010 Budget,” May 7, 2009
http://www.nasa.gov/home/hqnews/2009/may/HQ_09-102_FY2010Budget.html

3. State of Wisconsin – Department of Administration. March 1, 2011
http://www.doa.state.wi.us/debf/execbudget.asp


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