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 ...
Agreed. Let them go. Soon these five will be men without countries.
That’s fine with me - if they take the guy they got elected with them.
Off hand I would say GTFO along with the illegal aliens. These parasites should move to Dubai and see how well they can operate from there
$29,000,000,000.74
;)
But where are all the hedge fund customer yachts?
we have long passed the concept of hedge funds predicting and are now in full blown,
HEDGE FUND MANIPULATION OF MARKETS TO GUARANTEE RETURNS.
This is no different than the early stock markety with the you-know-whose family (attn rio linda: kennedy) using insider information and false stories to manipulate the turn of the century markets.
Remember “Mr. Smith goes to Washington”? The big boss kingmaker order the newspapers to publish news stories to conceal the truth.
Remember the cold war era movie called “the persuaders”? It was about a korean vet go comes home to his ad agency to find out communists have infested his partner and are using anti-nuke groups to attack the USA from within.
Soros is using the left the way yoyo ma uses the chello.
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