Lucifer Five
George Soros, Jim Simons, John Paulson, Philip Falcone, and Kenneth Griffin are sworn in. Photograph: Tim Sloane/AFP/Getty
Posted on 11/23/2008 3:41:36 AM PST by TigerLikesRooster
US hedge fund bosses threaten to move to Britain
• Billionaires battle against threat of regulation
• Soros says he would happily pay income tax
America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry yesterday and warned Congress that knee-jerk regulation could push financial jobs across the Atlantic to London.
In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the house oversight committee to answer charges that their unregulated bets on financial markets have destabilised the global economy.
George Soros, Kenneth Griffin, Philip Falcone, Jim Simons and John Paulson - who have an estimated combined wealth of $29bn (£20bn) - faced grilling over their low rate of tax and their funds' minimal level of transparency.
(Excerpt) Read more at guardian.co.uk ...
Ping!
I think the Republicans ought to do a favor and “help” these guys move. If they think EU rules are any easier...they are wrong. The EU will act and toughen up their rules within months after their arrival in the UK. The only place they might be safe...is Russia...and Putin would love to have them in his neck of the woods.
These JERKS (Sorass in particular) screwed up the politics and economy to rake in BILLIONS for themselves. Let them leave but without their bank accounts.
Gee, I missed the headline where it said, “George Soros threatens to move to England if 0bama is elected.”
In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the house oversight committee to answer charges that their unregulated bets on financial markets have destabilised the global economy.
No, no greed here, move on!!! Sac off
Well they’d better enjoy the life they now have here cause they won’t like the place they’re going to after they die....
George Soros bears a striking and chilling resemblance to the millionaire's son of a German industrialist who was distressed that Communism had not overtaken his native Germany as all true believers assumed it would in 1919. So he convened at his own expense a collection of Jewish communist educators and formed The Frankfurt School whose express purpose was to undermine the institutions identified by these communists to be the reasons why communism had not taken over. Thus the birth of cultural Marxism, relativism, grotesque feminism, anti-nationalism, critical theory, antiwar movements, anti-sovereignty (especially the later of the United States), and of course anti-church and anti-family movements. There is not one of these features of the original Frankfurt school that Soros could not underwrite today. In fact, as the following editorial shows he has in fact underwritten virtually all of them:
George Soros: The Man, The Mind And The Money Behind MoveOn
By INVESTOR'S BUSINESS DAILY | Posted Thursday, September 20, 2007 4:20 PM PT
To read Soros' own spun story, he's a Jewish survivor of Nazi-occupied Hungary who pulled himself up by his bootstraps, studied economics in England, became a U.S. citizen in 1961 and made a multibillion-dollar fortune as a financier who pioneered hedge funds.
Financier George Soros, 77, with a fortune estimated at $8.5 billion, uses some of it to fund radical groups like MoveOn.org.
But Soros is no hands-off donor. According to the Open Society Institute's Web site: "Despite the breadth of his endeavors, Soros is personally involved in planning and implementing many of the foundation network's projects."
Soros says he gives away about $400 million annually.
The image gives him moral cover to manipulate democracies whose voter verdicts he opposes.
And since 2003, tearing down what he views as the "fascist" tyranny of the United States, as he has put it, is "the central focus of my life."
Through networks of nongovernmental organizations, Soros intends to ruin the presidency of George W. Bush "by any legal means necessary" and knock America off its global pedestal
Best known among these groups is MoveOn.org, a previously small fringe-left group to which Soros has given $5 million since 2004. Bulked up by cash, the group now uses professional public relations tactics to undercut the Iraq War effort, with its latest a full-page New York Times ad that branded Gen. Petraeus "General Betray Us."
MoveOn.org previously put out ads depicting Bush as a Nazi, something that certainly echoes Soros' sentiment.
"We have to go through a certain de-Nazification process," he told this year's Davos conference in Switzerland.
Soros acolyte Arianna Huffington ...
Soros also has financed spin outfits such as Media Matters that specialize in providing distorted conservative political statements as grist for leftist politicians and media.
Soros pledged $10 million to ACT, which has since been fined $775,000 for illegally funneling $70 million set aside for voter registrations to Democratic candidates.
He also gave at least $150,000 to ACORN, the left-wing group best known for pushing minimum-wage hikes, marching for illegal-immigrant amnesty and harassing Wal-Mart. ACORN has been accused of voter fraud in 13 states since 2004 and was convicted of falsifying signatures in a voter registration drive last July, drawing a fine of $25,000 in Washington state.
... he still heads a secretive rich-man's club called "Democracy Alliance" that has doled out $20 million to activist groups like ACORN.
He has handed $3.1 million to the left-wing Tides Foundation, which funds organizations, such as the Sea Shepherds, Earth First! and the Ruckus Society, that have condoned or engaged in eco-terrorism.
...he favors U.N. dominance in world affairs, sees the European Union as a model for "open society" and has called for a global central bank.
Anyone who doesn't agree with this vision, or who doesn't fit cozily into his multilateral model, gets a visit from Soros-backed groups.
MoveOn.org, for example, led the charge to keep John Bolton out of a permanent seat in the U.N., and Bankwatch piled on to topple Paul Wolfowitz at the World Bank.
In fact, pick any cause that seeks to weaken the U.S. and it's hard not to find Soros' name on its list of financial backers. Most of these causes are financed by relatively small amounts, but that's all that's needed to make trouble.
It's probably no coincidence that Soros was a big backer of campaign finance reforms that have allowed nominally nonpartisan groups like MoveOn.org to strike with the kinds of tactics they are using.
Soros himself does not believe in victory in Iraq and wants to keep America from achieving it.
"The war on terror cannot be won," he has said.
I do not think it is moral exaggeration to liken Soros to Goldfinger. The man is evil incarnate. His threat to withdraw to London is illustrative of his perception of the world in which he regards himself as subject to the patriotic call of no country. All is grist for his mill, all is there for him to manipulate.
The results of the last election reveal, at least in part, just how pathetically vulnerable we are to the machinations of this man.
..explain please...is this 'Satan' with his conquests?
"The war on terror cannot be won," he has said.
George Soros, Kenneth Griffin, Philip Falcone, Jim Simons, MARTIAL MONK and John Paulson - who have an estimated combined wealth of $29bn AND 74 cents...
Just wanted to see what it looked like.
George Frederic Watts (1817 - 1904). “Mammon: Seinen Anbetern gewidmet.”
George Frederic Watts 1817-1904
Mammon 1884-5
Oil on canvas
support: 1829 x 1060 mm
painting
Tate Britain, London
This is a powerful picture with powerful social comment.
Mammon, the god of money, is represented as a tyrant on a throne. Note the small skulls on either side on the back of the throne.
He nurses money bags in his lap and two youthful figures (one female ?, the other male) are crushed by his monstrous power. They are deprived of life.
Mammon is surounded by the accoutrements of wealth: the crown or diadem, the fine clothes, the elegant suroundings.
This is one of a series of paintings in which George Frederick Watts criticised modern commerce and its de-humanising effect on the nation.
Watts subtitled the picture Dedicated to his Worshippers, as if inscribing a monument.
He apparently had plans to commission a sculpture of Mammon for Hyde Park where he hoped the god’s followers ‘would be at least honest enough to bow the knee publicly to him’.
Anyone started a “One-Way Ticket” fund yet?
Mr Soros, don’t let the door hit you in the behind as you ship out. And the same for the rest of you birds.
Thank you for that analysis, it was very good.
Not mine. I play a cut and paste genius online.
Apropro.
bookmark
OCTOBER 2002 : (SOROS COMMENTS ON THE TOBIN TAX / GLOBAL TAX - TAXATION WITHOUT REPRESENTATION) Billionaire George Soros has joined the campaign, having declared last October [2002] at the London School of Economics that the Tobin Tax is a “valid suggestion” for raising international revenue and that opposition to implementing the tax can be overcome. -—— “Franco-German Alliance Pushes Global Tax Against America,” by Cliff Kincaid, America’s Survival Posted on 03/27/2003 2:04:39 PM PST by Tailgunner Joe
DECEMBER 2002 : (FRANCE : SOROS CONVICTED OF INSIDER TRADING) US financier George Soros, convicted in December 2002 of insider trading and fined 2.2 million euros (2.8 million dollars). The billionaire and philanthropist was found guilty of using privileged information to speculate in shares of the French bank Societe Generale during a failed takeover bid in 1988.
-———”FRENCH COURT POSTPONES SOROS APPEAL ON INSIDER TRADING CONVICTION UNTIL 2005,” AFP via The Tocqueville Connection, Initially posted Wednesday, 28 January 2004 09:50:00 GMT, http://www.ttc.org/cgi-binloc/searchTTC.cgi?displayZop+15110
2003 late : (SOROS AND BUFFET FIDDLING WITH US DOLLAR) He and Buffett the imposter have both taken huge short dollar positions as of late.
I still can’t figure this one out. When Soros has taken out currencies before, he’s always had for his goal the tripping of some level at which the currency can no longer be defended. In the case of the Bank of England, he pushed the pound and lira out of an EU stabilization pact. In the case of Thailand, he broke the baht’s peg to the dollar.
The US isn’t defending the dollar (we think it’s overvalued); Japan and China are, and the EU may be considering currency controls to protect the euro from overvaluation.
Unless there’s something linked to the value of the dollar that will bust if the dollar hits a certain level (FNMA/GNMA, for example), this move is completely out of character for Soros. If he’s truly trading on emotion, he’s going to get creamed. Buffett doesn’t strike me as the currency trading type.
27 posted on 12/04/2003 10:20:07 PM PST by seamole
JANUARY 28, 2004 : (PARIS : SOROS’ APPEALS HEARING IS POSTPONED UNTIL 2005 - See SAMIR TRABOULSI & JEAN-CHARLES NAOURI) A French court on Wednesday postponed until next year the appeals hearing of US financier George Soros, convicted in December 2002 of insider trading and fined 2.2 million euros (2.8 million dollars).
The billionaire and philanthropist was found guilty of using privileged information to speculate in shares of the French bank Societe Generale during a failed takeover bid in 1988.
The Paris appeals court rescheduled the hearing for February 10, 2005 at the request of Soros’ defense team, which asked for more time to prepare their case. At the time of his conviction, Soros said he was “astounded and dismayed by the court’s ruling” and vowed to appeal “to the highest level necessary”.
“Let me repeat now what I have maintained from the start: at no point was I in possession of inside information regarding Societe Generale. The charges against me are unfounded and without merit,” he said.
Two of Soros’ co-accused — Lebanese financier and middleman Samir Traboulsi and Jean-Charles Naouri, an aide to the late Socialist finance minister Pierre Beregevoy — were acquitted.
The Societe Generale affair was widely cited as evidence of a climate of illicit collusion linking the worlds of politics, business and high finance under Francois Mitterrand, France’s Socialist president from 1981 to 1995.
-———”FRENCH COURT POSTPONES SOROS APPEAL ON INSIDER TRADING CONVICTION UNTIL 2005,” AFP via The Tocqueville Connection, Initially posted Wednesday, 28 January 2004 09:50:00 GMT, http://www.ttc.org/cgi-binloc/searchTTC.cgi?displayZop+15110
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