Posted on 07/26/2011 10:31:31 AM PDT by SanFranDan
George Soros, the wartime Hungarian emigre who went on to become not only one of the world's most famed investors and one of the world's richest men but also a prolific author and philanthropist, is hanging up his hedge-fund hat, Bloomberg News reports.
SNIP
In a letter expressing gratitude to Soros Fund Management investors, Soros's sons Jonathan and Robert, both executives with the firm, said the firm would return to outside investors their approximately $1 billion in invested cash and continue to operate the business as a family office rather than an investment firm
(Excerpt) Read more at marketwatch.com ...
Of course.. he needs to concentrate on getting his pet 0bama re-elected. Soros doesn’t want to give up his shadow presidency.
With Republicans looking ever more likely to win in 2012, they do not want to be audited
George Soros is a domestic terrorist who needs an introduction to SEAL Team 6.
I was thinking the same thing. What an evil SOB...
there’s a reason for everything......don’t know what it is....but this action is self serving and self enrichment in some way.....people like him just don’t quit and retire....he’s thinking of new ways to sham the system....
His lifelong goal has been to destroy America to clear the way for his One World Govt.
Pray for America
I also read that his sons are a couple of F ups. Not up to the old mans standards of evil.
Obama is a failure, even to his puppet-master. I think ol’ George is in the final stages of figuring out how to cut his boy loose.
Headline at Drudge, reason is to avoid new financial regulations. If Soros was ever investigated/audit, there are probably many skeletons.
The irony is palpable.
...(Soros) will return capital to investors in order to avoid reporting requirements under the Dodd Frank reform act.
...The new requirements would call for funds to report information about the assets they manage, potential conflicts of interest, and information on investors and employees. The act allows an exemption for what the Commission considers "family office" advisers.
>>George Soros, the wartime Hungarian emigre <<
George Soros, the wartime Nazi collaborator.
There, fixed it.
That is perfect to illustrate a few of my points and wishes.... consider it stolen. ;>)
I enlarged that so that I could see what the sign on the gate reads.
“Please stay off the gallows. Respect it as an instrument of Justice”
Arrest him.
...The new requirements would call for funds to report information about the assets they manage, potential conflicts of interest, and information on investors and employees. The act allows an exemption for what the Commission considers “family office” advisers.
In other words, Soros is taking advantage of a loop hole that Dodd and Franks slipped in to the bill under the radar to cover for Soros and shield him from any reporting requirements.
This clause was intended to exempt small family investors but it really provides a huge advantage to hyper wealthy individual private investors. The billionaires who support the Democrats just became a major protected class with a huge competitive advantage over other investors. They also will be able to operate globally in secret.
I'd agree with that, but given Soros' craving for power in the shadows and his lust for destroying this country, 0bama's his only option. No other dem is going to fill the puppet role during the few years Soros remains north of room temp.
You may be right. Better minds than mine have had more success figuring this stuff out.
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