Free Republic

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...

December 12, 1997 At 10:30 on Thursday morning at Arlington National Cemetery, a team of gravediggers quietly dug up the remains of Larry Lawrence and carted away his granite tombstone, which was engraved with lies. Chiseled in stone were claims that Lawrence, the late millionaire businessman who became an ambassador, had served in the U.S. merchant marine and had earned the designation of “S1C,” the Navy abbreviation for seaman, first class, which would not have been given to a merchant mariner anyway. Neither claim was true. During his 69-year lifetime, Lawrence fabricated his World War II heroics, his education, how...

While the average New Orleans homeowner enjoys a low property tax assessment, a select group of locals gets an even larger break: the people who donate to the assessors' campaigns. Campaign donors' properties are more than twice as likely as those of nondonors to be valued by assessors at less than their most recent sales price. Slightly more than half of the donor-owned properties examined by the newspaper were assessed for less than their owners paid for them. By comparison, one in five homes overall is assessed for less than its most recent sales price. For example, former Saints quarterback...

If the name of a "Big Money" Political Party Donor with ties to Enron were discovered on the Saddam's Coalition of the Bribed, what do you think would happen to the Candidate of that party? What if that Candidate of that Party was John Kerry? Newsweek drops a bombshell on the Kerry Campaign: Texas Oil Baron and Big-Time Democrat Donor Oscar Wyatt has received perhaps as much a $22 million dollars in profits through oil allocations bought illicity from Saddam Hussein. From MSNBC: United Nations: Oil-for-Food Fiasco?"Law-enforcement sources say Americans who participated in alleged oil-for-food scams also may face further...

<p>Gov. Arnold Schwarzenegger defended his campaign finance organization as completely open and above board Tuesday and promised to disclose all donors to any of his political committees.</p> <p>Along with six political action committees, Schwarzenegger has also recently incorporated a private nonprofit corporation to help oversee his fund-raising. While some political watchdogs have characterized the organization as confusing to most voters, the governor said in an interview that each committee is necessary to meet state laws.</p>

Mon September 29, 2003 10:02 AM ET WASHINGTON (Reuters) - A man affiliated with at least two American Muslim groups has been arrested on criminal charges, federal law enforcement officials said on Monday. They confirmed a report by Al Jazeera, the Arabic satellite channel, that Abdul Rahman al-Amoudi has been arrested. They declined to give details of the charges against him. Muslim activists described him as one of the founders of a group called the American Muslim Armed Forces and Veteran Affairs Council and a board member of another Washington, D.C.-based group called the American Muslim Council. The officials said...