Via Rich Yeselson, Alec MacGillis has a fantastic piece in the New Republic (unfortunately paywalled) about how hedge fund managers' love for Obama has turned into blind, spitting hatred. His main argument is that it's all about feeling disrespected

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This seems completely right to me. When you make a billion dollars a year, you can buy anything you want -- which means that goods and services yield almost no marginal utility. What you crave, then, is what money can't buy: respect.

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And now Obama says what anyone paying attention would: that these big-money people were, to some extent, making their money in socially destructive ways -- and they go insane, precisely because in their hearts they know that he's right.