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Billionaire Soros: Guilty of Insider Trading
voanews.com ^ | 20 Dec 2002, 13:23 UTC | VOA News

Posted on 12/20/2002 10:53:03 AM PST by Destro

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To: Destro
Breaking the law to make money for you, Soros, and financially crippling socialism for everyone else, right?
21 posted on 12/20/2002 11:59:14 AM PST by Cinnamon Girl
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To: TopQuark
What's with you and your English correcting kick?!
22 posted on 12/20/2002 12:02:41 PM PST by Destro
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To: TopQuark
Shakespear proved that the English language is better off when you invent new words for it.
23 posted on 12/20/2002 12:04:24 PM PST by Destro
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To: Destro
Careful! The next bag lady you see may be George Soros in drag.
24 posted on 12/20/2002 12:21:07 PM PST by Grut
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To: Cinnamon Girl
Breaking the law to make money for you, Soros, and financially crippling socialism for everyone else, right?

That's exactly the modus operandi of many billionaire socialists.

25 posted on 12/20/2002 12:54:31 PM PST by eleni121
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To: Dane
You'll have a ball with this one. Knock yourself out. :-)
26 posted on 12/20/2002 1:24:57 PM PST by jmc813
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To: Destro

One of the scariest sites on the net...Soros.org's "Your children belong to themselves" (otherwise known as useful tools of leftist activists): http://www.soros.org/youth/whatsnew.htm


27 posted on 12/20/2002 1:48:27 PM PST by Ragtime Cowgirl
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To: Destro
The 72-year-old Soros is the president of Soros Fund Management, the world's largest hedge fund. He denied all the charges and was not in court Friday when the verdict was announced.

What a surprise. I guess he and Marc Rich are hanging out.

28 posted on 12/20/2002 2:24:39 PM PST by L.N. Smithee
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To: dirtboy
lol ... best regards, Dirtboy.

(The French will probably let him off same as they did those who dealt in tainted blood and infected thousands with a death sentence of HIV or Hep-C.)
29 posted on 12/20/2002 2:26:06 PM PST by Askel5
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To: Ragtime Cowgirl
One of the scariest sites on the net...Soros.org's "Your children belong to themselves" (otherwise known as useful tools of leftist activists):

You're right. I have been there before.

$oro$' social engineering philosophies are hardly unique, but what makes him scary is that he's willing to spend billions to put his in effect.

30 posted on 12/20/2002 2:28:16 PM PST by L.N. Smithee
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To: weikel
LOL.
31 posted on 12/20/2002 2:31:12 PM PST by Zack Nguyen
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Comment #32 Removed by Moderator

To: Destro
GOOD RIDDANCE JACKASS!!!!!!
33 posted on 12/20/2002 4:39:54 PM PST by Dan from Michigan
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To: Cultural Jihad
Soros is the liberdopians' Daddy Warbucks.
34 posted on 12/20/2002 8:41:50 PM PST by Kevin Curry
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To: Destro
He CAN'T be an inside trader, he supports so many liberal causes.......

But then again, so does Terry McAuliffe.

35 posted on 12/20/2002 8:43:05 PM PST by Doctor Raoul
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To: Destro
It should be one rule for all. Not if you are a Billionaire we treat you more lenient.

Send his $ss to Jail.

Then the other creeps that make the man in the streets life terrible through out the world, when they get up to their tricks, while adding millions to their own bank accounts.

36 posted on 12/20/2002 9:36:24 PM PST by John_11_25
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To: Destro
What kills me is, you know this happens all the time.

Talk about your unprovable crimes, insider trading is the worst of the worst.

Imagine two guy's on a golf course:

Bob: "Hey, ya know I don't think we're gonna get that contract.."

Jim: "Oh really?"

Bob: "Yeah, looks that way.."

Jim: "Guess I should sell my shares..."

Bob: "Probably"

Jim: "You know, I think the FDA is going to tank our new drug.."

Bob: "Really?"

Jim: "Looks that way.."

Bob: "Guess I should sell my shares."

Jim: "Probably.."

(Pause)

Bob: "You buyng lunch?"

Jim: "Sure.."

37 posted on 12/20/2002 9:46:20 PM PST by Jhoffa_
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To: Rightone; Destro; Gunrunner2; VaBthang4; John_11_25; Guy Angelito; droid; swarthyguy; wardaddy
Same as a guy with a net worth of $690,000 being fined $220. Whoopee, what a punishment.

Actually the difference is larger ....by far!

Although technically what you posted is true, when you look at it from an actual perspective (for example adding factors like purchasing power), the difference is just enormous and not just comparing 220 bucks to a net worth of 690,000.

An example: Let us say you told a person with 10 dollars in his pocket to loan you a dollar. And then you turned and told a person with 10 million dollars to loan you 1 million.

Looking at it from the perspective of pure ratios they are equal. Equal in that they both give 10% of what they have.

However looking at it from the perspective of equitable purchasing power, and the 'pain' of giving, the person giving you 1 dollar out of his ten is actually giving 'more' than the person giving you 1 million from his 10 million.

The person who has given you 1 dollar now has 9 dollars left. The person who gave you 1 million dollars now has 9 million dollars leff. You can do relatively nothing with 9 dollars, but with 9 million the world is yours (unless you want to blow it off a gulf stream jet or a chateau in the South of France).

Although both these hypothetical people give 10%, the guy who started out with 10 mil is still very ok (even though he gave a whole mil), while the person who gave just a dollar is now even worse off.

Hence Soros being fined 2.2 million dollars is nothing considering his wealth is close to 7 billion dollars . And just as the person who gave 1 million gave 'less' than the person who gave 1 dollar; in the same way Soros (with a fine of 2.2 million) would actually feel less pain than a person with 690K being made to pay 220 dollars.

Actually i doubt Soros will notice any difference, and by the end of the day the interest from his accumulated cash in the bank and markets will have given him much more than a 'measly' 2.2 mil. It is plain silly to fine Soros 2.2 mil ....they should start at around 800 mil if they want him to even notice it, and even that would still be nothing! Think of it ....you could technically remove 5.9 billion dollars from Soros' net worth (6.9 bil) and he would still be a billionairre! He would still be exceedingly rich even if most of his cash was taken away. And if you left him with just 1% (one percent) of his current wealth the dude would still be worth 69 million dollars (which although not in the billions, or even hundreds of millions, is still a lot of cash).

2.2 million dollars is a joke ....however since these are French courts i guess it is to be expected .....

Actually the best punishment would be to turn him over to the Indonesian government and i am sure swift retribution would follow (there are many Indonesians who used to live large and drive expensive German autmobiles who now are forced to pull rickshaws and peddle wares because of what Soros helped do to their currency. And after the Asian Contagion of the late nineties i am sure there are many Indonesians who would love to spend a long evening alone with Soros, a rusty machete, and bamboo splinters! I hear they are very adept at pushing bamboo splinters all the way up under your fingernails to your carpals .........)

38 posted on 12/21/2002 4:31:56 AM PST by spetznaz
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To: MadIvan
ping
39 posted on 12/21/2002 4:33:37 AM PST by spetznaz
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To: Bluntpoint
"When you're right, your write"... or is it, "when yer rite, yore wright"?
40 posted on 12/21/2002 6:21:27 AM PST by Teacher317
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