Tucker Carlson Investigates Who Is Behind ‘Vulture’ Hedge Funds that Are Destroying Rural America

Hedge fund billionaire, Paul SInger, the "World's Most Feared Investor" Youtube
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Fox News Host Tucker Carlson blasts Wall Street billionaire, Paul Singer, and shows how hedge funds, like Singer’s Elliot Management Fund, have destroyed American small towns and economies in their quest for quick profits. Carlson explains how hedge funds, like Singer’s Elliott Management company, have made billions by buying large stakes in American companies, then firing workers, driving up short-term share prices because of their improved balance between revenue and expenses, and then selling out quickly before the companies collapse. In some cases, they even take government bailouts.


To clarify how this works, Carlson presents a case study in Sidney, Nebraska that was home to the headquarters of the mega-sporting goods store Cabela’s. After buying a stake in Cabela’s, Singer pushed the company to sell, despite the company’s profit of more than $1 billion a year. One year after Singer entered the equation, Bass Pro Shops announced the purchase of Cabela’s. This news caused the the company’s stock price to surge. Within one week, Singer cashed out with a profit of at least $90-million, but 2,000 workers lost their jobs and the economy of the town was destroyed. -GEG

Fox News Host Tucker Carlson dedicated a segment of his show Tuesday night to torching the Wall Street billionaire Paul Singer. Carlson’s show featured an investigation into how hedge funds, like the the one Singer manages, have destroyed American towns and economies for the sake of lining their pockets.

Carlson described how Singer and his hedge fund Elliott Management has made billions of dollars from their style of “vulture capitalism,” exploiting financially distressed countries and American companies.

“Elliott Management has made billions by buying large stakes in American companies, then firing workers, driving up short-term share prices, and in some cases taking government bailouts,” he said.


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Ed LaPinskas
Ed LaPinskas
7 months ago

THe citizens of that town must have him ‘dealt’ with to set an example.

mark
mark
7 months ago

he’s behind the massive hi-tech transfer to Israel….his purpose is to bleed America dry and make Israel the new hi-tech centre of the world

https://www.mintpressnews.com/neocon-billionaire-paul-singer-driving-outsourcing-us-tech-jobs-israel/259147/

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Tucker Carlson Investigates Who Is Behind ‘Vulture’ Hedge Funds that Are Destroying Rural America | WeAreChangeTV.US
7 months ago

[…] on December 5, 2019December 5, 2019 Author Fox News and The Federalist Comment(0) This post was originally published on this […]

MJ Raichyk, PhD
MJ Raichyk, PhD
7 months ago

So yeah there are such people around in the investors world… BUT THE REAL *TRAITORS* WERE THE *MANAGEMENT AT CABELAS*…. stop making excuses for their treachery……. Small town people have [pre Trump] been such suck-uppers to the BIG CITY SUITS in every encounter,… whether it’s the bigcity special prosecutor assigned by the state attorney general to handle the grand jury of small county people [WHO THEN CAME TO THE AG’WANTED CONCLUSION of suicide in spite of the evidence] examination of the suspicious embarrassing death in custody by the sheriff’s officials…. OR whether it’s the managers of the THRIVING BUSINESS that… Read more »