Hearing to investigate hedge funds postponed (delayed by Dems until after election)

The Hill ^ | 10/10/08 | Mike Soraghan

[TigerLikesRooster]

Hearing to investigate hedge funds postponed

By Mike Soraghan

Posted: 10/10/08 08:30 PM [ET]

House Democrats have postponed until after the election a hearing to investigate the role of hedge funds in the credit meltdown to accommodate witnesses, who include billionaire financier George Soros.

The House Oversight and Government Reform Committee announced late Friday that its hearing on hedge funds would include Soros, a major Democratic financial backer.

At the same time, it announced that the Oct 16 hearing would be rescheduled for Nov. 13.

A statement from the committee said, “the committee has postponed the hearing in order to accommodate the schedules of witnesses.”

Oversight Chairman Henry Waxman is holding a series of hearings to look into the causes of the instability plaguing markets and freezing lending across the country and around the world. Earlier this week, he grilled the former CEOs of Lehman Brothers, which is in bankruptcy, and American International Group, which got an $80 billion federal bailout. Waxman has also indicated he’ll look into the bailout of mortgage lenders Fannie Mae and Freddie Mac.

[biff]

YOU KNOCK IT OFF. I FIND CAPS MUCH, MUCH EASIER TO READ, ESPECIALLY WITH THE OLE VISION GOING. THERE IS NO NEED TO BE THAT RUDE AND BESIDES, IS THIS NOT AMERICA THAT HAS SOMETHING CALLED THE FIRST AMENDMENT?

[Uri’el-2012]

IBTZ

[dennisw]

On O’Reilly last night, Ben Stein mentioned that the humongous Ivy league endowments are also likely tied into the hedge fund mess. If you check Open Secrets, I believe the category “education” contributes in about a 5 to 1 ratio for the Democrats, so they don’t want to touch this.

Someone claimed the Harvard endowment (30 billion last I looked) is in effect a tax free hedge fund operating a university as it's front

[Safetgiver]

IS THIS NOT AMERICA THAT HAS SOMETHING CALLED THE FIRST AMENDMENT? Free speech against the government has nothing to do with rudeness or breach of accepted etiquette.

[Texas4ever]

Ok I hear ya!

[dforest]

All public awareness began when Schumer created a run on Indy bank.

The communist party, better known as democrats, have robbed the US citizens to bring their agenda.

Now the old harlot Nancy wants another 150 billion bailout to make her and her demons FEEL good.

These people need to be brought to justice.

Thanks for the crappy rice cooker, evil one.

[combat_boots]

You made me laugh with that comment. Thanks. I needed that this week.

[ex-Texan]

Vultures' Get Ready to Feed: Opportunistic Investor Groups Raise Tens of Billions and Wait to Scavenge on Distressed Assets and Debts

First they create a crisis by unloading mountains of stock and selling shares short. Then these private investor groups and hedge funds watch middle class Americans panic. They watch retired boomers panic, too. They take a deep breath. Then they laugh and drink more champaign. Greedy criminals next cherry pick key distressed stocks, raping the public even more.

What we need is full Congressional investigation. People need to see liars lying to Congress. I would love to see Barney Frank and Chis Dodd under subpoena and answering serious questions. I would love to see Anthony Mozillo doing the 'perp walk' in chains on television.

But these event will never happen. Some people seem to be above the law. 'Nuff said.

[Marauder]

Try this for an hypothesis: Soros and/or others of his ilk (limousine liberals) fully aware of the sub-prime mortgage mess and cognizant of the precarious position of their over-extended borrowers, start speculating in the oil markets, driving up the cost of crude oil, and hyperinflating the price of gasoline. They could have started this a year and a half or so ago.

This of course torpedoes fragile budgets, causing them to be blown nationwide and defaults and foreclosures to ramp up out of control, just in time for the election.

Some of you freepers more astute than I in terms of stock market and futures manipulation please feel free to evaluate the feasibility of such a scenario. Is it possible that it could have been engineered by people like Soros, who’d give anything to see the GOP out of control?

[TribalPrincess2U]

Foxes in charge of the hen house!

CAN WE HAVE A PETITION TO GET THESE PEOPLE OUT?

Is there any hope for some sanity?

[TribalPrincess2U]

Sorry, I’ll try to watch my yelling.

[TribalPrincess2U]

People are getting so frustrated.

[Freedom_Is_Not_Free]

I loved the Vulture who called himself a “white night” as if he is providing a valuable service for the economy. Yeah, right...

Even the tone of the article seemed to go easy on these guys. The tone seemed to be less about “look at these greedy pigs looking to do more damage” as deserved, and more about, “lots of private capital is poised to go to work to help save our economy. They’re just bargain hunters...”

At least the opening paragraph was accurate, painting them as heartless, ala, Potter. Heartless they are.

What I hate most about money are the things people are willing to do for it and what people are willing to become for it.

“What profits a man, if he gains the world but loses his soul.”

[biff]

MY COMMENT WAS NOT ABOUT CONTENT BUT THE STUPID MADE UP INTERNET WHACKOS ABOUT THE USE OF CAPS.

[M. Espinola]

The ruling radical Dem lice are hoping their leftist 'chosen one' is elected then there will be no meaningful investigations effecting the largest corporate contributors.

Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'

[ovrtaxt]

And when are they going to drag Raines up there? After the election, if ever, I’ll guess.