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Soros’s Oil Spill Payoff
Frontpage Mag ^ | June 22, 2010 | Tait Trussell

Posted on 06/22/2010 8:42:35 AM PDT by opentalk

Within 48 hours after President Obama issued the six-month moratorium on deep-water drilling, the George Soros-backed Brazilian oil company, Petrobras, contacted a large New Orleans company, Laborde Marine, which services the deep-water drilling market. The company was seeking to lease all its vessels. “If the moratorium on deep-water drilling is not lifted, 33 semi-submersible rigs and/or drill ships affected will simply go to other countries where they will be well received, such as Brazil,” Cliffe F. Laborde and J. Peter Laborde, Jr. wrote in a June 4 letter to their Louisiana Senators.

Could this be merely a happy coincidence for George Soros, the major financial backer of Obama’s presidential campaign who also has $811 million invested in the Brazilian oil company, Petrobras? Wasn’t it enough of a payback to Soros when the Obama Administration loaned up to $10 billion to Petrobras? Soros, with his far left-wing organization, MoveOn, is called the Godfather of world socialism. But most relevant currently is that he has been an enthusiastic proponent of global warming and environmental liberalism. He has urged adoption of a global carbon tax. Could it be more than coincidence that his position is strikingly similar to what Obama called for in his June 14 Oval Office speech on the Gulf oil spill and future energy actions?

(Excerpt) Read more at frontpagemag.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Front Page News; Government
KEYWORDS: 10billionus; beck; bp; brazil; cap; communism; congressinvestigate; corrpution; corruption; crimeinc; cronies; defund; democrats; economy; energy; ethicsprobe; gangstergovernment; illegal; impeach; jail; jonesact; labordemarine; liberalfascism; lootingofamerica; moratoriumondrilling; moveon; obama; obamainaction; obamapuppet; oilspill; oilspillscam; petrobras; podesta; puppeteer; rapingofamerica; shadowgovernment; socialism; soros; thugocracy; tonypodesto; usurper
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To: Liz

Amazing. Where is the New York Times? Washington Post? Chicago Tribune? Philadelphia Inquirer?

Quietly going out of business rather than assault corruption where it lies . . . which in this case is with their President.


21 posted on 06/22/2010 9:39:20 AM PDT by Mere Survival (Mere Survival: The new American Dream)
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To: opentalk

HUMMMMMMM, where is 007 when you need him. Soros and Zero, hell in America.


22 posted on 06/22/2010 9:48:55 AM PDT by Marty62 (marty60)
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To: Mere Survival
Soros has access to trillions of US dollars via Ohaha----Soros already has in place, thousands of global offshore organizations that can be used to hide govt money.

HERE'S THE SOROS MO: The court appointed trustee looking into Ponzi king Madoff's assets unearthed a labyrinth of interrelated international funds, institutions and entities of almost unparalleled complexity and breadth...... with assets and businesses in 11 separate places overseas.

Keep in mind that Madoff was running multiple scams with the knowledge and consent of wealthy businessman:

(1) a Ponzi fraud that made him and his family personally wealthy;

(2) laundering tax-free money for non-profit "foundations and charities;"

(3) IRS fraud facilitation for wealthy businessmen;

(4) a protection racket (shielding his investors from federal scrutiny);

(5) laundering tax-free money that was donated to Democrat candidates (campaign fraud).

23 posted on 06/22/2010 9:49:56 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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Comment #24 Removed by Moderator

To: RightOnline
Glenn Beck delved quite deeply into this yesterday on his show on FNC. Absolutely bone-chilling.

Hey, we are to sophisticated on this forum to watch that squirrel, besides he cries too much.</sarcasm>

25 posted on 06/22/2010 10:06:07 AM PDT by itsahoot (Each generation takes to excess, what the previous generation accepted in moderation.)
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To: opentalk

George Soros. You mean self described Nazi collaborator George Soros?


26 posted on 06/22/2010 10:06:31 AM PDT by ChinaGotTheGoodsOnClinton (To those who believe the world was safer with Saddam, get treatment for that!)
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To: opentalk

>> Soros’s Oil Spill Payoff

Shouldn’t that be Soros’?

Does Palin comment on all the coincidental opportunity that lands on the infamous lap of Soros?


27 posted on 06/22/2010 10:10:08 AM PDT by Gene Eric (Your Hope has been redistributed. Here's your Change.)
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To: ChinaGotTheGoodsOnClinton

George Soros. You mean self described Nazi collaborator George Soros?


28 posted on 06/22/2010 10:17:02 AM PDT by ChinaGotTheGoodsOnClinton (George Soros. You mean self described Nazi collaborator George Soros?)
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To: Liz

I knew it. To the talented Barry, being president was just a stepping stone to bigger things . Meet our next Miss America.


29 posted on 06/22/2010 10:24:25 AM PDT by haroldeveryman
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To: opentalk

When I read articles like this, I feel like I’m living in a parallel world. I don’t hear any Elected Republicans talking about this smarmy and Anti-American Oil Deal either, per usual.


30 posted on 06/22/2010 12:46:38 PM PDT by Pagey (B. Hussein Obama has no experience running anything, except his pedestrian mouth.)
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To: opentalk

“Give them the wealth! Give them the wealth!”

Van Jones.


31 posted on 06/22/2010 1:03:47 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: opentalk

Obama had to pay Soros back for job placement.


32 posted on 06/22/2010 2:47:00 PM PDT by NoLibZone (Liberals are right. The AZ situation is like Nazi Germany. Mexico is Germany and Arizona is Poland)
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To: Liz

Very interesting post. Point me to links if you have them easily available or tell me more if you are doing your own research!


33 posted on 06/22/2010 3:29:24 PM PDT by Mere Survival (Mere Survival: The new American Dream)
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To: AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...

34 posted on 06/22/2010 3:37:14 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: Mere Survival
Lots of good references on FR---just search key words.

WRT MADOFF'S MULTIPLE SCAMS: Madoff Trustees court filing #524, Oct 16, 2009

Madoff Securities had 244 special non-split strike accounts comprised of his Palm beach pals----Picower, Norman Levy, Carl Shapiro, family and other insiders. Some people did not know they were invested w/ Madoff b/c fund feeders who were entrusted with OPM and placed it w/ Madoff w/out investors' knowledge or consent. Feeders Merkin, Avellino, Bienes, Chais, Jaffe, and Cohen pocketed large fees from Madoff for the placement.

The agreed-upon returns exceeded 100%---meaning Madoff insiders knowingly took out more than they put in. Picower's tax-exempt Foundation took out an astounding 900%---but his widow has agreed to give some of it back to avoid prosecution.

The insider accounts steadily drained billions while Madoff suckered the rubes who continued to invest in good faith and got 10-12% return. Unknowing investors---suckered by feeder funds----were hit with additional fees. Some of this money is clawback-able b/c the thieves put in cash in the late stages to keep the fraud going for themselves.

Feds and DOJ pursuing criminal charges, and bankruptcy trustee pursuing "fraudulent conveyance" lawsuits (law says one cannot profit from a fraud), should stay alert----this is where the money is.

============================================

THE BIGGEST FEEDER OF THEM ALL WHO GOT BILLIONS IN FEDERAL BAILOUTS Madoff depended on feeder funds to funnel investor deposits directly to him. In 2000, J. Ezra Merkin---a prominent wealthy New Yorker who attended sunagoguie with Madoff---told his Gabriel and Ariel fund investors that he was investing in distressed assets and bankruptcies......... when he actually transferred more than one third of each of those funds' money to Madoff.

Merkin's Ascot Partners formed in 1992, held $1.7 billion from 300 investors, and earned him $25.5 million per year by the end of December, 2008. He advised investors that only 15% of the fund was invested with Madoff. "Substantially all" of its assets went to Madoff, although he represented the contributions as only a 15% investment.

Merkin became embroiled in controversy when Ascot Partners investors were told of the connection in a letter faxed to them on December 11. Many of them were not aware or told of the connection to Madoff, and Merkin denied any connection to Madoff when asked by an investor. Merkin lied to a client that his investment was with Morgan Stanley, and protected.

On April 6, 2009, civil fraud charges were filed against J. Ezra Merkin alleging he "betrayed hundreds of investors" by moving $2.4 billion of clients' money to Bernard Madoff without their knowledge.

The complaint states, he lied about putting the money with Madoff, failed to disclose conflicts of interest, and collected over $470 million in fees for his three hedge funds, Ascot Partners LP with Ascot Fund Ltd., Gabriel Capital Corp. and Ariel Fund Ltd.

He promised he would actively manage the money, but instead, he misguided investors about his Madoff investments in quarterly reports, in investor presentations, and in conversations with investors. "Merkin held himself out to investors as an investing guru...In reality, Merkin was but a master marketer."

==========================================

BACKSTORY GMAC chair J Ezra Merkin and Chrysler's Stephen A. Feinberg (who also owns private equity firm---Cerberus Capital Management LP). The two partnered to buy Bank Leumi from the Israeli government for $500M.

BAILOUT SWILLERS Stephen A. Fineberg's private equity firm---Cerberus Capital Management LP--- also owns Chrysler Motors. The US Treasury bought a $5 billion stake in GMAC, and lent $1 billion to GM. This latest loan is IN ADDITION to the $13.4 billion the US Treasury lent earlier to J Ezra Merkin's GM, and Fineberg's Chrysler.

SWILLING TIMELINE In 2006, GM sold 51% of Merkin's GMAC to Feinberg's private equity firm Cerberus Capital Management LP (which also owns Chrysler).

HOGGING AT THE PUBLIC TROUGH In May 2004, Feinberg's "private investment group," Cerberus Capital Management, LP (Cerebrus is the three-headed dog that guards Hades), became majority owner of IAP Worldwide Services, Inc, one of the US Army’s largest contractors in Iraq. In Afghanistan, Feinberg's IAP runs a drug/addiction center" in Kunduz---Kunduz is the largest opium supplier in the world. BUSY LITTLE BEAVER IAP also provides infrastructure support for the British Ministry of Defence in Kandahar....apart from supporting the US Army in Basra.

TIMELINE On October 19, 2006, John W. Snow, Secretary of the Treasury under George H.W. Bush, was named head of Cerebrus.

BAILED OUT AND STILL SWILLING Stephen A. Feinberg's IAP also serves a broad array of federal clients including the US DOD, NASA, the US Geological Survey, the US Agency for International Development, the IRS, and a variety of other federal agencies.

FEDERAL RESERVE INFO A FACTOR? Madoff's connections to J Ezra Merkin and Stephen Fineberg's company---Cerebrus---could also mean the connivers were stealing Federal Reserve insider info. Ex-Treasury Sect John Snow headed Cerebrus. Knowing Federal Reserves moves in advance would make zillions for the thieves...........on top of the billions they were swilling elsewhere. These termites were running rampant allover the US government---Merkin and Feinberg's auto companies received billions in govt bailouts.

35 posted on 06/22/2010 4:25:25 PM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: opentalk

Obama is the President from Hell.


36 posted on 06/22/2010 5:55:25 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: sickoflibs

Yes, this one more instance when Soros has either attempted or succeeded in gaming an unfortunate situation, whether he was involved in the cause or not.

It’s my take that it’s quite likely he was involved in some of the others.


37 posted on 06/22/2010 7:25:30 PM PDT by DoughtyOne (06/15/2010 Obama's Shame-Wow address...)
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To: opentalk

I put this amazing coincidence up there with the mystery Web Hubbell suicide.


38 posted on 06/22/2010 7:27:28 PM PDT by catfish1957 (Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
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To: sickoflibs

but the msm is far more concerned about the judge (who lifted the ban) and HIS oil investments!

The world has turned upside down since the election of O.


39 posted on 06/23/2010 6:32:59 AM PDT by a real Sheila (NOTHING makes SENSE anymore!)
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