Money will always find a way into politics. Its funny Johnny McInsane and and Russ Feingevelt haven't succeeded in making politics cleaner. They simply managed to hide the dirt where the public can't see it. Congratulations on making politics less responsive to the wishes of the American people while at the same time fatally weakening our political parties and eviscerating our First Amendment free speech rights.
Now the question is how much of that money made by Soros was/is legal?
Does he have any connections with the acts of terrorism which tanked some currencies this past week? Does he have any connections with the once a month new audio tape lying about the long gone Bennie Laden or the probably gone $oddomite being alive and going to kill millions? Those tanks cause a loss in stocks around the world each month of about 2-4%. The markets recover after the tape scare is over, and then fall for the same bs the next month.
Will this investigation reviewed below eventually lead to one of $oro$'s back alley doors?
http://www.freerepublic.com/focus/news/1025531/posts?page=1 Currency Fraud Ran Deep, Officials Say
NY TIMES ^ | November 20, 2003 | JONATHAN FUERBRINGER and WILLIAM K. RASHBAUM
Posted on 11/20/2003 4:45 AM PST by Liz
What began with an undercover F.B.I. agent's "posing as a bad guy with money" led to the discovery of rigged currency trading by traders at some of Wall Street's biggest banks, federal prosecutors said yesterday.
An 18-month investigation led to charges being filed against 47 people yesterday, a day after F.B.I. agents swooped into offices in downtown Manhattan to make arrests. Civil fraud charges were also filed against nearly half of the 47 by the Commodity Futures Trading Commission and one was charged by the Securities and Exchange Commission.
Although the amounts of money were small by Wall Street standards, federal officials said yesterday that they had uncovered a pattern of deep-rooted and apparently long-running fraud within the foreign exchange industry. The five big banks, which included J. P. Morgan and UBS, were the victims of rigged currency trades made by some of their own foreign exchange traders, who pocketed kickbacks, according to the indictment. The transactions also involved traders at some interbank brokers, including the Harlow subsidiary of Garban Intercapital and Tullett Liberty, which facilitate foreign currency trades between banks.
Over a six-month period, federal officials said the five banks involved lost more than $650,000, of which $270,000 went to the traders at the banks and the interbank brokers who were involved.
In a second incident detailed yesterday, prosecutors said that many unwitting small investors were swindled by "boiler room" operators who would call them posing as legitimate brokers and offering sure-fire investments in the foreign-exchange market.
In some cases the people charged with those crimes are also accused of being involved in the fraudulent bank trades.
"Today's charges run the gamut of fraud," the United States attorney in Manhattan, James Comey, said. "With more than 1,000 victims from small investors to large banks, the losses are in the millions."
"When the F.B.I. placed an undercover in the foreign exchange world, posing as a bad guy with money looking for bad things to do," Mr. Comey added, "he had more criminal schemes thrown at him than he could imagine."
The charges are the newest round of scandal to hit Wall Street in recent years and come as federal and state investigators are uncovering new evidence almost daily of improper trading in mutual funds. But in this case, the activities under question did not involve top financial executives but lower-level employees whose relative anonymity may have helped them engaged in fraudulent activities for years. Mr. Comey said that the big banks themselves were not under suspicion.
A troubling fact for the banks, investors and regulators is that the investigation showed, Mr. Comey said, that similar rigged trading involving bank traders has been defrauding banks for as long as 20 years. That history and the fact that so many individuals could apparently pull off the rigged trading and get caught only after an F.B.I. agent became involved may serve as warning: the largely unregulated foreign exchange market, with trading volume of $1 trillion a day, is vulnerable, and banks' internal controls may not be strict enough.
"What is astounding is that you have so many people involved," David Gilmore, a partner at Foreign Exchange Analytics, said. "That is a lot of ducks to line up to commit fraud."
According to the F.B.I., some of the people charged had bragged to the undercover agent that law enforcement would never be able to get close enough to stop them.
In addition, the documents indicate that several important players in the rigged trading had been involved in earlier corrupt activities or had run similar schemes with other participants.
According to the indictment, one firm accused of involvement in the boiler-room scams of retail investors, Madison Deane, was started by people who had earlier run two other firms, Hamilton Sterling and Montgomery Sterling, which federal officials say were also involved in boiler-room activities.
UBS and J. P. Morgan said there was no material financial impact on the banks. Two other banks that were defrauded, Dresdner Kleinwort Wasserstein and Société Générale, declined to comment.
Executives of the fifth bank, Israel Discount Bank could not be reached for comment.
ICAP, the owner of Garban Intercapital, where some of the interbank traders worked, said there was no suggestion that any ICAP business was being investigated. Other firms involved had no comment or could not be reached.
The government said that the currency traders made transactions that appeared to have been designed to escape detection by senior bank executives.
In each case, the bank would lose only relatively small amounts of money in a trade with another bank, where a trader would also be involved. That second bank would then lose those profits in trades with another series of trades, all involving conspirators. The trades would all be at prices that appeared to be reasonable within the range of trading that day, but were set to assure that the profits would flow in the predetermined direction.
In the middle of these trades were the interbank brokers. At the end of the chain, the indictment said, was an account at a firm called Itradecurrency that would collect the profits, and then split them with the various people involved. The F.B.I. undercover agent owned that account, which gave the government full knowledge of what was going on.
The investigation, code-named Wooden Nickel, began in May 2002 when a witness told F.B.I. agents that people at Madison Deane, one of the boiler-room firms, were cheating small investors, an official said.
The tip by the witness, who had earlier been arrested for a white-collar crime, led the F.B.I. to open an investigation that later uncovered the rigged foreign exchange trades at the big banks.
Early in the investigation, the F.B.I. undercover agent was introduced to the group at Madison Deane, according to documents and the law enforcement official. The F.B.I. agent posed as manager of a hedge fund, called Centurion Consulting, with money to play with. The agent, who came to be known as the Prince by executives at Itradecurrency, also told the conspirators that he was interested in learning about how to conduct rigged foreign exchange trading, which in the industry's shadowy corners is known as "points for cash."
The undercover agent ended up working from an office near the Madison Deane traders in 2 World Financial Center. "He definitely fit the part," the official said. "These are primarily young guys. He dressed nicely, he was convincing enough that they would interact with him socially." In fact, at least one trader invited him to his weekend home, the official said, but "he tried to avoid the invitations."
Two principals of Itradecurrency, Steven E. Moore and Anthony Iannuzzi, were charged by the federal prosecutor and the Commodity Futures Trading Commission.
Mr. Moore used to work for an interbank dealer called Lasser Marshall and served in the late 1980's on the foreign exchange committee that advises the Federal Reserve Bank of New York on foreign-exchange trading practices.
The Commodity Futures Trading Commission charged separately that Itradecurrency ran a boiler room that raised and misused $1.6 million from investors. A women answering the phone at Itradecurrency said there would be no comment.
Another of those arrested, Albert Guglielmo, was convicted in June in federal court in Brooklyn of cheating customers of Evergreen International Spot Trading out of $105 million in a foreign currency trading scam. That firm is defunct, but the federal indictment charges Mr. Guglielmo with being involved in the scheme that defrauded the five banks.
"It is downright depressing," Mr. Comey, the federal prosecutor said, "how much criminal activity they found just from being there posing as a bad guy."
This link takes you to another scary article posted on FR about this dangerous Lunatic, $oro$:
http://www.freerepublic.com/focus/f-news/1025689/posts Soros, Europeans: Die Juden sind unser Unglueck! Holocaust II?
A Different Drummer ^ | 21 November 2003 | Nicholas Stix
Posted on 11/20/2003 8:24 AM PST by mrustow
Beginning on November 9, 1938, and continuing through the following day and night across Germany and Austria, Nazi storm troopers smashed Jewish shop windows, looted the stores, and beat Jews in their homes and on the streets, murdering at least 91 Jews, arresting 26,000 Jewish men and boys, all of whom were sent to concentration camps, destroying over 7000 Jewish businesses, and burning down 101 synagogues.
The storm troopers (“Stuermer”), also known as “brown shirts” for the uniforms they wore, hung posters in Jewish stores with the phrase, coined in 1880 by the famed German historian, Heinrich von Treitschke, “Die Juden sind unser Unglueck!” (“The Jews are our misfortune!”), and the warning to German Christians, “Deutsche, kauft nicht bei Juden!” (“Germans, don’t buy from Jews!”) The state-ordered, “spontaneous” pogrom, which the Nazis mockingly called “Reichskristallnacht” (Imperial Night of Glass), and Jews have translated as the “night of broken glass” (“Kristallnacht”), was the beginning of the end, for Germany’s 500,000 Jews. (With the “Anschluss” (annexation) of Austria on March 12 of that year, Austrians suddenly also became “Germans.”)
On November 5, 2003, billionaire financier George Soros arose at a function to say, in so many words, “Die Juden sind unser Unglueck!” He blamed the Jews, Israel, and the policies of Pres. George W. Bush, for the rise in world anti-Semitism in recent years, most dramatically, since 911.
"There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well. I'm critical of those policies.
"If we change that direction, then anti-Semitism also will diminish. I can't see how one could confront it directly."
Soros also responded to recent remarks by powerful anti-Semites, such as Mahathir Mohammad, who just stepped down as Malaysia’s prime minister, that the Jews, particularly, Jewish financiers like Soros, rule the world.
Mohammad: "The Jews rule the world by proxy. They get others to fight and die for them.”
Soros: "I'm also very concerned about my own role because the new anti-Semitism holds that the Jews rule the world. As an unintended consequence of my actions, I also contribute to that image."
There are, of course, huge differences between Kristallnacht and Sorosnacht. First and foremost, Hungarian-born George Soros, whose family fled the Nazis, is a Jew! During the Nazi era of 1933-1945, it was unheard of for Jews to blame Jews for anti-Semitism. There were Jews who aided the Nazis in the killing of Jews, but that involved the extraordinary case of the “Kapos,” Jews in the death camps who bought themselves a little time, by leading other Jews to the “showers,” where they were gassed to death.
There is, however, precedent for Jews letting other Jews die, through deferring to murderous anti-Semitism. Once Hitler began carrying out his “Final Solution” in early 1943, Rabbi Stephen Wise and other American Jewish leaders found out about the genocide, but refused to publicize it, out of deference to Democrat President Franklin D. Roosevelt. FDR was in a position to bomb the death camps, or at the very least, the rail lines leading to them, but instead did nothing, costing millions of Jews their lives.
But this is a different time, a time of wealthy Jewish prostitutes, Jewish anti-Semites, and even Jewish Nazis.
And George Soros was not speaking before an audience of genocidal anti-Semites, a la Yassir Arafat, UN Human Rights Commissar Mary Robinson, or the al Qaeda leadership. Rather, he was speaking before the Jewish Funders Network, a group of multimillionaire Jewish philanthropists and their bureaucrats, in Manhattan’s Harvard Club.
Rather than vilify Soros, the prostitutes, er, philanthropists, were polite to a fault. Event organizers Michael Steinhardt and Mark Charendoff, said nice things, and even saved Soros from further embarrassing himself. According to Jewish Telegraphic Agency (JTA) reporter Uriel Heilman, Steinhardt interrupted Soros’ defense of anti-Semitism. "’George Soros does not think Jews should be hated any more than they deserve to be,’ Steinhardt said by way of clarification, eliciting chuckles from the audience.”
The interruption gave Soros a chance to catch his breath. He said he had more observations on the subject, but asked first if any journalists were in the room. When he found out journalists were present (surprise, surprise), he held his tongue.
(Note that after sitting on the Soros story for four days before running it, the JTA has since censored it, by killing the hyperlink to it. Fortunately, it is still posted on the web … for now.
George Soros presents one of the greatest dangers to world Jewry. Unlike genocidal Jewish anti-Semites such as Israel’s “post-Zionists” or Adam Shapiro, the co-founder of the PLO front, the International Solidarity Movement, Soros does not wake up in the morning thinking, “How may I help kill Jews?” For Soros, rather, the Jews are an inconvenience.
One of the ironies of the case of George Soros, is that he could conceivably respond to my criticisms by calling me a Jewish anti-Semite. (Rhetorically speaking, one can say anything.) Another irony is that he is one Jew who really does seek to rule the world. Not the way anti-Semites from central casting like Mahathir Mohammad claim, through rigging currency markets, but rather through non-governmental organizations like his Soros Foundation and Open Society Institute, which are allied with anti-American organizations like the U.N., Red Cross/Red Crescent, and the New York Times, in trying to destroy America. Soros seeks to institute a humanitarian, socialist, world government.
As to why Soros should make nice with genocidal anti-Semites, I believe he is following the rule of “My enemy’s enemy is my friend.” Genocidal Muslims are America’s greatest enemy. Strange bedfellows, and all that.
But you ask, Isn’t Soros a Jew?! Tell him that.
The prostitutes who heard Soros speak, want his money. They refuse to understand that they would be making a deal with the Devil. Soros would only give money to Jewish philanthropies and organizations, in order to gain control over and subvert them. If there are any real Jewish leaders worthy of the name, they will vilify and marginalize Soros.
Most gentiles are unaware of how pervasive Jewish anti-Semitism is, particularly in America. Of course, Jews’ internecine disagreements are so legendary, that there is a tradition of jokes on the subject: “Two Jews, three opinions.” “If there were only two Jews in a town, they’d need three synagogues. One for each, and a third where they could worship together.”
In America, conflicts that are simply the stuff of human nature and social interaction (conflicting interests, preferences, principles, etc.) are exacerbated by a reality in which Jews, unlike their European ancestors, may enter all professions and own land. The good news, is that American Jews are no longer desperately dependent on the Jewish community. The splintering of Jewish communities has meant that wealthy Jews no longer feel bound by any religious obligations to their brethren, and instead feel solidarity with other wealthy folks, Jewish and gentile alike. Meanwhile, wealthy Jews feel that irrational hatred for those less well off that is typical of so many wealthy people, but since it is socially unacceptable to show hatred for poor blacks and Hispanics, and wealthy Jews have business alliances with white gentiles, they focus their class hatred on Jews from the lower tax brackets. Poor, working-class, and lower-middle-class Jews often seem to be the only groups that well-to-do Jews are unafraid to “stand up to.” And so, while during the immigrant generations, wealthy Jews gave overwhelmingly to Jewish philanthropies, and helped some gifted but poor Jews, today, in order to make friends, many wealthy Jews are more likely to help gentiles than Jews.
(An academic expression of the break up of Jewish community, was the alchemy whereby social scientists, many of them Jews, dishonestly redefined Judaism into an “ethnicity.” Ethnicity refers to the nation of one’s forebears, or in the case of an immigrant, one’s nation of birth. Imagine categorizing Christians or members of any other religious group as an ethnic group. My ethnicity, for instance, is Hungarian-Russian-German-Canadian.)
Some will disagree with my calling such class hatred “anti-Semitism,” but if it were merely class hatred, it would express itself equally towards Jews and gentiles alike. (I realize that some wealthy Jews are openly contemptuous towards poor white Christians, but this contempt is not as widespread as is commonly assumed.) When I told an Evangelical friend about class-based, Jewish anti-Semitism, he argued that perhaps the well-to-do Jews simply looked down on poor and working-class Jews whom they considered inferior types, independent of the latter’s class origin. But since the well-to-do Jews ONLY feel that way about Jews whose parents made less money than their parents did, and are accepting of incredibly obnoxious but well-to-do Jews, there is no factor independent of being Jewish and poor that could explain their behavior. Indeed, while I have encountered well-to-do Jews (socialist and neo-conservative alike) who actively sought to derail me professionally, with rare exception, those who have supported me professionally have been Christians.
Discussions of class-based Jewish anti-Semitism are suppressed by the mainstream media. One exception I’m aware of, is David Mamet’s 1991 movie, Homicide. In Homicide, working-class, Jewish Det. Bobby Gold (Joe Mantegna) investigates the murder of the matriarch of a wealthy Jewish family. The victim’s son, a doctor, pulls strings to get “the Jewish detective” assigned to the case. And yet, the doctor pulls social rank on Gold, as well, demanding of him, “Do you have the pride to do the job?” Gold responds in kind, “I’m not impressed by your money, or who you are.”
And then there is the anti-Semitism of Jews who suffer from WASP-envy.
About 15 years ago, at a holiday dinner combining Jewish and gentile anti-Semites from my family, a Jewish relative remarked at how “civilized” things were. Translation: The dinner table conversation was dull as dishwater. That relative, who is unmistakably Jewish, wanted to pass for a WASP. Jews see WASPs as boring. Meanwhile, the stereotypical Jewish family dinner is (was?) a series of quips and arguments; lacking the proverbial Jewish wit, and feeling hostility towards those Jews who have it, my relative opted instead to be “civilized.” (Note that being “civilized” included trashing the First Amendment in favor of campus speech codes, and workplace repression.)
Due to circumstances abroad, American Jewish anti-Semitism today has a significance that goes beyond social slights, ethnic envy, and comedies of social manners will not be produced on Broadway.
Sorosnacht came only days after it was revealed that 59% of those polled in European Union countries declared Israel (read: the Jews) to be the greatest threat to world peace, worse even than gulag-state and rogue nuclear power, North Korea. Die Juden sind unser Unglueck!
Some will no doubt be confused. Haven’t millions of Europeans since World War II told of how sad they were about the poor Jews? Didn’t postwar movie Germans from central casting all say, “Wir haben nichts gewusst!” “We didn’t know!” (E.g., in the big-budget, 1963 Hollywood film, The Cardinal.)
I even heard that exact line from real Germans, such as an attractive business lady of a certain age, whose shop I was visiting in Garmisch-Partenkirchen in the Bavarian Alps, in 1984. (I didn’t have to tell her I was a Jew; she just knew.)
Most people under a certain age are unaware of the de-Nazification re-education programs our army of occupation imposed on the West German populace after World War II, or that for at least 25 years after the occupation officially ended in 1950, West German school children were forced to endure films shot by the American servicemen who liberated the Nazi death camps in 1945. The films showed the starving, surviving Jews (some of whom died in the days to come) and mountains of skeletons of murdered Jews.
The films caused sensitive souls to vomit. I was repelled by them, seeing them as a bullying way of torturing the children for the sins of the fathers and grandfathers. That was before I encountered Holocaust-deniers.
I believe that the occupation authorities anticipated that a day would come, when German parents would tell their children, that the Holocaust was just another lie manufactured by those wily Jews who run the world. It was imperative that young West Germans know, “that it did happen here.”
Likewise, across Europe, in the face of American power, and a tacit understanding that the Europeans could blame everything on the Nazis, Europeans paid lip-service to “the horror.” I grew up on the myth, for example, of the French resistance. A fraud named Jean-Paul Sartre, who had all the physical courage of a church mouse, made a career out of claiming to have been a resistance fighter. Had half as many Frenchmen fought in the resistance as claimed to, the Germans would have endured a worse slaughter in France than they did in Russia.
The French killed the Nazis with kindness. Anyone who doubts me, need only visit Paris. Rotterdam resisted the German Wehrmacht; it was leveled. Paris surrendered without a peep; after the war, it looked as beautiful as it had in the 1920s.
The hatred that Europeans now routinely express towards Jews, the tacit support they give to the murderous Muslims in their midst, could be expressed in the form of a t-shirt: My Grandfather Got to Kill Jews, but All I Got was This Lousy T-Shirt.
Hundreds of millions of Europeans have a sentimental attachment to the notion that they may determine whether the Jews live or die.
In “The European Solution,” Jerusalem Post columnist Caroline Glick argues that Europeans seek the destruction of Israel as part of a package deal, which includes the subordination of the U.S. to Europe. The Europeans, so Glick, see this as a golden opportunity to recapture their lost glory. The Americans would have to sacrifice the Jews, as a gesture of good faith, on the way to instituting a humanitarian, world government. (Sound familiar?) So, we’ll kill the Jews, as part of a filthy, lousy operation to help Europe.
Is the idea delusional? Sure, but it’s the Europeans’ (and Soros’) delusion, not Glick’s. She cites French “policy wonk” Dominique Moissy as having explicitly articulated the delusion, in terms of Israel relinquishing her sovereignty, which is a lace curtain way of saying, “We’ll kill the Jews.”
It doesn’t occur to the power-crazed Europeans, as Steve Sailer recently noted, that Europe’s fall from greatness owes much to the slaughter of its most creative ethnic group, the Jews. But then, the Europeans have given up on greatness in the arts and sciences, and care only about naked political power, albeit power derived through bureaucratic jockeying, and sucking up to terrorists.
In the classic, 1964 John LeCarre (aka David John Moore Cornwell) novel, The Spy Who Came in from the Cold, British counterintelligence spy Alec Leamas must “defect” to communist East Germany, where he accuses a Nazi butcher, Mundt, now atop the East German spy service, who is already under suspicion of being a traitor, of being a double agent.
And in fact, he is. But the ruse involves a double switch. Leamas’ charges against Mundt are designed to fall apart at trial, exonerating and thus saving the truly guilty man, and pointing instead to Fiedler, an innocent colleague and rival of Mundt’s, a humane, worldly, charming, bon vivant of a man who actually believes in communism, but lacks the system’s brutality (I know, he’s too good to be true) … and who is a Jew.
(LeCarre notes repeatedly, by the way, how well Nazis did in postwar East Germany, as many others have noted how well they did in postwar West Germany. That was before LeCarre “evolved,” regarding the Jews.)
With the deed done, Leamas confesses to his civilian lover, “We are witnessing the lousy end to a filthy, lousy operation to save Mundt’s skin. To save him from a clever little Jew in his own Department who had begun to suspect the truth. They made us kill him, do you see, kill the Jew. Now you know, and God help us both.”
Leamas’ speech was LeCarre’s metaphor for the Jews always being sacrificed for the sake of some grubby, political goal.
I say, not this time.