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Over the past couple of decades, elliott management has made billions by buying large stakes in the american companies and firing workers, driving up short-term share prices and in some cases taking government bailouts. insult to injury. "bloomberg news" wants to describe him as the world's most feared investor, that tells you a lot. no one is pretending his tactics are good for anyone but paul singer and despond. consider the case of delphi, the automotive parts supplier. during the last financial cris crisis, purchased delphi. singer and the other funds at the helm took billions of dollars i...

The 29 delphi plants when hedge fund started buying delphi's debt were only operating in the united states in 2012. tens of thousands of unionized and white collar workers lost their jobs. paul singer's hedge fund cashed out for more than a billion dollars. to see that works? >> it bears no resemblance whatsoever to the capitalism we were promised in school. it creates nothing, it destroys entire cities, it couldn't be uglier or more destructive. so why is it still allowed in the united states? the short answer, because people like paul singer have tremendous influence over our political proce...

Elliott management has made billions by buying large stakes in the american companies and firing workers, driving up short-term share prices and in some cases taking government bailouts. insult to injury. "bloomberg news" wants to describe him as the world's most feared investor, that tells you a lot. no one is pretending his tactics are good for anyone but paul singer and despond. consider the case of delphi, the automotive parts supplier. during the last financial cris crisis, purchased delphi. singer and the other funds at the helm took billions of dollars in government bailouts paid for by...

The 29 delphi plants when hedge fund started buying delphi's debt were only operating in the united states in 2012. tens of thousands of unionized and white collar workers lost their jobs. paul singer's hedge fund cashed out for more than a billion dollars. to see that works? >> it bears no resemblance whatsoever to the capitalism we were promised in school. it creates nothing, it destroys entire cities, it couldn't be uglier or more destructive. so why is it still allowed in the united states? the short answer, because people like paul singer have tremendous influence over our political proce...

The world's most feared investor. and that tells you a lot. no one is even pretending paul singer's tactics are good for anyone but paul singer and his fund. consider the case of delphi, the automotive parts supplier. during the last financial crisis, the consortium of hedge funds including singer's elliott management purchased delphi. with singer and the other funds at the helm, the company took billions of dollars in government bailouts paid for by you. obama's auto czar compared those tactics to extortion. but they continued anyway. once they had the bailout money, the funds moved most of d...