July 26, 2011
— Open Blogger Rather than reveal details of just how his hedge fund manages to make money for himself and his few select clients, George Soros has decided to lose the extra profits he makes off of his clients.
He is instead turning the business into a family-only fund, requiring far less transparency to regulators called for commercial hedge-funds under the new Frank-Dodd Act.
His fund has been primarily a family-only fund for some time now, which gives rise to the suspicion that his motivation may be to keep potentially shady business practices from the law & the general public.
Posted by: Open Blogger at
05:57 AM
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Post contains 115 words, total size 1 kb.
Posted by: Shoeless Joe Jackson at July 26, 2011 06:00 AM (hZqYp)
The check is still in the mail, isn't it?
Posted by: King Barry the BFF at July 26, 2011 06:02 AM (so1xa)
Posted by: chazmartel at July 26, 2011 06:03 AM (wlSqE)
You can hide all you want from worldly authorities but no matter how much wealth you amass it will not buy you leniency for the souls of all the innocents you shepherded to the gas chambers.
"His Justice cometh, and right soon!"
May you rot in Hell.
Sincerely,
Nighthawk
Posted by: Nighthawk at July 26, 2011 06:05 AM (OtQXp)
I know, rhetorical question.
Posted by: Vic at July 26, 2011 06:08 AM (M9Ie6)
The Frank-Dodd commercial regulation act...is that like the Bonnie-Clyde bank withdrawal act?
Posted by: 18-1 at July 26, 2011 06:11 AM (7BU4a)
I say we trade him for Roman Polanski...
Posted by: 18-1 at July 26, 2011 06:11 AM (7BU4a)
Posted by: 18-1 at July 26, 2011 06:12 AM (7BU4a)
Yet another reason to pound home the idea that more regulation is never the answer.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 06:14 AM (8y9MW)
You do have to love the fact that man at the center of the political left is an honest to goodness Bond villain - rich, secretive, and in an earlier part of his life tied to the National Socialist movement.
I say we give him that cat-thing in the Doom thread.
Posted by: alexthechick at July 26, 2011 06:14 AM (VtjlW)
Posted by: Doodad Pro at July 26, 2011 06:15 AM (MMC8r)
Posted by: Quilly Mammoth at July 26, 2011 06:17 AM (gF+ch)
Posted by: No Whining at July 26, 2011 06:17 AM (VXWNp)
ChazMartel
The Good die young, that they might not be corrupted,
The Evil die late, that they may be saved.
Posted by: Hard Truth at July 26, 2011 06:19 AM (GkYyh)
He was convicted of insider trading in shares of SocGen. I don't think that there is an outstanding warrant.
Posted by: CharlieBrown'sDildo (NJConservative) at July 26, 2011 06:21 AM (LH6ir)
Winning the Future!
Posted by: Barky the Orator at July 26, 2011 06:22 AM (/ZZCn)
Posted by: Retread at July 26, 2011 06:25 AM (BO5ap)
Posted by: CharlieBrown'sDildo (NJConservative) at July 26, 2011 10:21 AM (LH6ir)
I thought he was convicted of manipulating French currency (the way he did the pound).
Posted by: Vic at July 26, 2011 06:25 AM (M9Ie6)
I know, rhetorical question.
Posted by: Vic at July 26, 2011 10:08 AM (M9Ie6) Is it because they don't have the death penalty?
Posted by: Unclear on the concept at July 26, 2011 06:25 AM (hbAPu)
I really wish this didn't have quite the ring of truth that it does.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 06:25 AM (8y9MW)
Posted by: CharlieBrown'sDildo (NJConservative) at July 26, 2011 06:26 AM (LH6ir)
I know of no more evil person on the planet than George Soros. An idealogue that has vocally decided that the United States is the largest block to a One World Govt. and has therefore funded every radical and uber-liberal group he can fund. He's personally responsible for the financial bankrupting of nations and freely admits he'll cheat at every opportunity to win more in the markets. Mean while he's funding (directly and covertly) La Raza, The DailyKos, The DNC, MoveOn.org.
He needs to be the next target for Seal Team Six, because he is without question, an international predator and terrorist, operating on the level of the villans in most of the James Bond movies. Think Blowfeld without the cat.
Posted by: MrObvious at July 26, 2011 06:26 AM (H87Hu)
My wife's mom had a saying for this: Mala cosa nunca mueren (bad things never die).
Posted by: Otis Criblecoblis at July 26, 2011 06:27 AM (fjoLg)
Posted by: mpurinTexas supports Rick Perry, bitch at July 26, 2011 06:27 AM (ignDe)
Posted by: 18-1 at July 26, 2011 10:12 AM (7BU4a)
KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.
Mr. SOROS: Yes. Yes.
KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.
Mr. SOROS: Yes. That's right. Yes.
KROFT: I mean, that's–that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?
Mr. SOROS: Not–not at all. Not at all. Maybe as a child you don't–you don't see the connection. But it was–it created no–no problem at all.
Posted by: Lord Humungus at July 26, 2011 06:30 AM (Yv6gq)
Posted by: Minuteman at July 26, 2011 06:30 AM (hbAPu)
Posted by: Kratos (Ghost of Sparta) at July 26, 2011 06:30 AM (9hSKh)
Posted by: krakatoa at July 26, 2011 06:30 AM (bbJJG)
Posted by: andycanuck at July 26, 2011 06:31 AM (oUG6f)
Wilkommen, bienvenue, welcome, come in, Tami.
I just happen to be reading some books about Bernie Madoff and one thing he always did was say that his method of producing his high returns was proprietary and so couldn't be discussed with outsiders. Seems to me that people who have nothing to hide don't try so hard to hide it. (That doesn't mean I think Sarbanes Oxley or Dodd Frank were good ideas.) But shysters and swindlers always have to hide their methods from the light of day.
Posted by: Tonestaple at July 26, 2011 06:31 AM (b39lA)
Posted by: Don Quinine at July 26, 2011 06:33 AM (dB02l)
He was convicted of insider trading in shares of a French bank (Societé Generale). The conviction was upheld by the French, and then again recently by some bullshit European court. He paid a fine, but I know that he still speaks in France, and I can't imagine that his presence is unknown to the French authorities.
Posted by: CharlieBrown'sDildo (NJConservative) at July 26, 2011 06:34 AM (LH6ir)
I didn't see you on the other side of the wire but it's nice to see you back along with me.
Did miss'80sbaby make it past the guard Ewoks?
Posted by: andycanuck at July 26, 2011 06:37 AM (oUG6f)
Posted by: Oldsailor's poet at July 26, 2011 06:38 AM (ZDUD4)
Posted by: willow at July 26, 2011 06:38 AM (h+qn8)
Posted by: andycanuck at July 26, 2011 10:37 AM (oUG6f)
I think so....saw her on the Dueling Demagogue thread. I was still unable to post when I saw her earlier.
Posted by: Tami at July 26, 2011 06:38 AM (ULMuv)
Posted by: emdfl at July 26, 2011 06:41 AM (QSAHd)
Posted by: FRONT TOWARD LEFT at July 26, 2011 06:42 AM (cbyrC)
Posted by: Tami at July 26, 2011 10:26 AM (ULMuv)
Welcome Back!
Now behave yourself........
Posted by: Lord Humungus at July 26, 2011 06:42 AM (Yv6gq)
Posted by: Oldsailor's poet at July 26, 2011 06:42 AM (ZDUD4)
31 Someone needs to build a time machine, go back to Budapest 1944, and narc off the Schwartz family.
The Nazi's tried. But the Schwarts family also passed off George as a "non-jew" so he was picked up as a protoge to a local Nazi who was tasked with confiscating all the property of Jews. George went along on these events (Hilter Youth in Training) and later recounts this as being "one of the most exhilorating times of my life".
Posted by: MrObvious at July 26, 2011 06:45 AM (H87Hu)
I wish I had done something worthy of a banning....
Maybe I can get my 'techy friends' to preempt the next one. I hear individual servings of lasagna work.
Posted by: Tami at July 26, 2011 06:45 AM (ULMuv)
I thank God everyday for the pacemaker/defibrillator implanted in my chest. Although it makes for slightly less attractive Summer wear, I suspect that, before all is said and done with this administration and his cronies, it will have saved my life several times over.
They do get my blood pumping.
Posted by: As If... at July 26, 2011 06:55 AM (LyOUH)
Posted by: Lord Humungus at July 26, 2011 06:55 AM (Yv6gq)
Posted by: t-bird at July 26, 2011 06:55 AM (FcR7P)
Posted by: 80sBaby at July 26, 2011 06:56 AM (o2lIv)
Posted by: arhooley at July 26, 2011 06:58 AM (wPNzO)
Posted by: Billy Bob, the guy who drinks in SC at July 26, 2011 10:51 AM
Among many other dubious enterprises.
Posted by: huerfano at July 26, 2011 06:58 AM (aZLY2)
Soros Fund management will buy the 4 % stake in Asia's oldest stock exchange from Dubai Financial, part of sovereign fund Dubai Holding, the sources, who declined to be named as they were not authorised to speak to the media, told Reuters.
Posted by: willow at July 26, 2011 06:59 AM (h+qn8)
Good thing I missed Gabe Malor's "dueling demagogue" post. Complete bullshit and it belongs somewhere else -- perhaps at Frum's Forum.
Posted by: soothsayer at July 26, 2011 07:05 AM (sqkOB)
I dislike George Soros as much as the next Moron, but I can't complain with him making a quite legitimate decision to avoid additional government scrutiny.
This says very little about George Soros, and a great deal about the absurdity of adding any additional regulations to an already over-regulated sector. Enforcement, not regulation, is the answer.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:06 AM (8y9MW)
The Atlantic: The Chart that should accompany any discussion of the debt ceiling.
http://tinyurl.com/3rdeaac
In recap: It's all the fault of the Bush-era tax cuts. But the chart is not partisan. Why? Because I said so, that's why!!
Posted by: Lone Marauder at July 26, 2011 07:07 AM (/bVuS)
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 11:06 AM (8y9MW)
Does he not do his damnedest to get the type of politicians elected that put these regulations in place?
Posted by: Tami at July 26, 2011 07:07 AM (ULMuv)
Well, it sells...
Wait, no, this blog is free, isn't it.
So why did he post it? (kidding, kidding)
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:07 AM (8y9MW)
Sure he does, but that's fairly basic "crony capitalism." All businesses (past a certain size) attempt to stifle competition by having regulations introduced that either miss them completely while hampering their competition, or that can be countered by an economy-of-scale advantage.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:09 AM (8y9MW)
Perhaps I was wrong?
Posted by: willow at July 26, 2011 07:09 AM (h+qn8)
Posted by: dɥoǝuıxƃıɹl at July 26, 2011 07:09 AM (eOXTH)
I beat you to that point, but I think you and I are the only ones who see it this way.
Isn't this part of freedom and liberty? Your enemies are governed by the same laws?
Posted by: CharlieBrown'sDildo (NJConservative) at July 26, 2011 07:09 AM (LH6ir)
Posted by: Oldsailor's poet at July 26, 2011 07:11 AM (ZDUD4)
Posted by: Arthur Laffer at July 26, 2011 07:12 AM (4Kl5M)
I understand the need for tracking this kind of thing, but I'm thinking with piracy on the rise, we'd want a little more security surrounding that kind of information.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:15 AM (8y9MW)
Tami and '80sbaby have returned!
The next step is getting the Ewok-powers-that-be to grant '80sbaby cob-logger status.
Posted by: Kratos (Ghost of Sparta) at July 26, 2011 07:15 AM (9hSKh)
Posted by: Jane D'oh at July 26, 2011 07:16 AM (UOM48)
The moment they call a tax cut "new spending" they lost me.
That's not the Government's money- it's mine (and yours, and your buddy Joe's, and so on).
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:17 AM (8y9MW)
Posted by: Oldsailor's poet at July 26, 2011 07:17 AM (ZDUD4)
Posted by: Sgt. Fury at July 26, 2011 07:18 AM (+avak)
As much as I dislike Soros, anything with Frank or Dodd's name on it is bound to be bad for all of us.
In point of fact their meddling has cost me thousands. My ROI has been cut in half on my investments as an American. They FORCED Americans to repatriate our trading account funds to Wall Street firms who did not offer as good a deal as a number of European firms did. Then they forced Americans to ante up twice the margin of anyone else in the world. Thirdly they forbid Americans to use spread trades which everyone else in the world uses to set up a way to catch an expected big move in either direction.
While I have great respect for "Wall Street" as one of the last bastions of the (mostly) free market, the investment bankers have taken the Congress captive and we are all getting screwed six ways from Sunday.
Posted by: chuck in st paul at July 26, 2011 07:18 AM (EhYdw)
I would like to publicly thank her for leading the charge, through the tireless use of her nick, to keep those of us so unjustly banned in the minds of the...uh....powers that be? Um...that ace person.
Thank you Jane!
Posted by: Tami at July 26, 2011 07:19 AM (ULMuv)
I don't like that provision. Not at all. The rest of it is very, very good (and should be very difficult to demagogue).
BTW- those who don't support a BBA because "If we have enough votes for a BBA, we have enough votes to pass a balanced budget"- Okay. But what about 2, 3, 6, 8, 10, 12, etc., years from now? A BBA can constrain future congresses, unlike a normal law.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 07:21 AM (8y9MW)
Posted by: The Donkey Show (Will never use HTML under penalty of DOOM) at July 26, 2011 07:23 AM (ijjAe)
Posted by: Barbed Cock of Satan at July 26, 2011 07:24 AM (136wp)
Posted by: obladioblada at July 26, 2011 07:26 AM (YQs+k)
Soros said he dropped the clients, the question is should we believe him?
Posted by: Buzzsaw at July 26, 2011 07:27 AM (tf9Ne)
Can't wait to read it.
Posted by: Jane D'oh at July 26, 2011 07:27 AM (UOM48)
Posted by: 80sBaby at July 26, 2011 07:29 AM (o2lIv)
Posted by: Circa (Insert Year Here) at July 26, 2011 07:30 AM (B+qrE)
I just finished reading a NYT article devoted to a criminal conspiracy. One of the conspirators was described as an "illegal immigrant" (there were no quotes surrounding 'illegal immigrant' in the piece). Did that slip by the editors?
Posted by: mrp at July 26, 2011 07:30 AM (HjPtV)
iowahawkblog David Burge The 10 stages of spending loss: anger, denial, bargaining, golf, focus groups, petulance, polling, fund raisers, math, acceptance
Posted by: Jane D'oh at July 26, 2011 07:31 AM (UOM48)
You can tell becasue he spells his name backwards.
Posted by: Circa (Insert Year Here) at July 26, 2011 07:31 AM (B+qrE)
I was trying to find Soro's conviction and ran across this little gem from the NYT.
Soros, 74, now retired from money management but active as a philanthropist and author, was ordered to pay a fine of €2.2 million, or $2.9 million, representing the money made by funds he managed from an investment in Société Générale. He said the purchase had been part of a strategy to invest in a group of companies that had been privatized by the French government.
So he is a philanthropist and author eh? This was in 2005. What a shit pot of liars the NYT is. This actually looks like a press briefing paper from SoroÂ’s PR goons.
Posted by: Vic at July 26, 2011 07:32 AM (M9Ie6)
You can tell becasue he spells his name backwards.
heh
Posted by: Jane D'oh at July 26, 2011 07:32 AM (UOM48)
Posted by: Circa (Insert Year Here) at July 26, 2011 11:31 AM (B+qrE)
In girum imus nocte et consumimur igniPosted by: The Robot Devil at July 26, 2011 07:34 AM (136wp)
iowahawkblog David Burge Idea for new MSNBC talk show: 'Barely Legal' with Weiner & Wu
Posted by: Jane D'oh at July 26, 2011 07:36 AM (UOM48)
Posted by: USA at July 26, 2011 07:39 AM (6Cjut)
Posted by: FRONT TOWARD LEFT at July 26, 2011 07:42 AM (cbyrC)
Thailand and the UK. He rammed it up Thailand's ass by manipulating the Thai bhat, further impoverishing a Third World country to enrich himself still more, so he could rail against evil international financiers grinding the poor under foot.
Posted by: Jay Guevara at July 26, 2011 07:43 AM (wXg0X)
LA Times has the reactions from the GOP prez hopefuls. I will shall consolidate them for yous.
Herman Cain: "Instead of speeches, why won't he try leadership?" [How despicable!]
M Bachmann: "Not one person in Iowa, New Hampshire or South Carolina has told me that we need a ‘balanced approach,' which, of course, is code for higher taxes and spending."
T-Paw: "[Obama is] lecturing the country instead of leading it."
T-Paw: [This speech] is "another reason why President Obama needs to be removed from office."
Mitt Romney: "An historic failure of leadership."
Rick Santorum: "people are fed up with is a president who uses class warfare as a crutch to divide rather than focusing on solving the issues affecting each and every American"
Soothsayer J Soothington III: "Obama is a disgrace to the office. And we'll be lucky to survive the balance of his tenure."
Posted by: soothsayer at July 26, 2011 07:43 AM (sqkOB)
Posted by: USA at July 26, 2011 11:39 AM (6Cjut)
You should see his running list of tweets on #ConsequencesofDefault. Hysterical!
Posted by: Tami at July 26, 2011 07:44 AM (ULMuv)
Posted by: Jean at July 26, 2011 07:46 AM (hpnF1)
haha, I'm reading some WaPo twit's 'critical' opinion about Obama's speech.
According to her, Obama struck the right tone; he was "calm and cool," unlike Speaker Boehner who was "fiery and combative."
The rest of the piece is crap and spin disguised as criticism.
Posted by: soothsayer at July 26, 2011 07:48 AM (sqkOB)
iowahawkblog David Burge #ConsequencesOfDefault Chevy Volt rebate checks bounce; owners stranded more than 50 miles from outlet
Posted by: Jane D'oh at July 26, 2011 07:49 AM (UOM48)
Posted by: USA at July 26, 2011 07:51 AM (6Cjut)
This. I've long suspected this. Soros & Co. couldn't engineer the crash, but they could easily stampede a jittery market and thereby precipitate one that was imminent. And their timing was perfect. Bastard.
Posted by: Jay Guevara at July 26, 2011 07:52 AM (wXg0X)
seems the He and the American Left have that in common.
Posted by: willow at July 26, 2011 07:52 AM (h+qn8)
Posted by: Circa (Insert Year Here) at July 26, 2011 07:53 AM (B+qrE)
One billion dollars worth.
Posted by: Miss Marple at July 26, 2011 07:55 AM (Fo83G)
Posted by: blue star at July 26, 2011 07:55 AM (lofS9)
Last Thursday someone apparently bought bond futures betting on a loss of our AAA rating.
One billion dollars worth.
Yes, I'll go there: I wish it were me. Because it will happen.
Posted by: Circa (Insert Year Here) at July 26, 2011 07:56 AM (B+qrE)
Posted by: USA at July 26, 2011 07:59 AM (6Cjut)
Posted by: t-bird at July 26, 2011 07:59 AM (FcR7P)
iowahawkblog David Burge #ConsequencesOfDefault roving bands of outlaws selling incandescent bulbs to vulnerable children
Posted by: Jane D'oh at July 26, 2011 08:00 AM (UOM48)
Posted by: t-bird at July 26, 2011 08:00 AM (FcR7P)
Posted by: Jane D'oh at July 26, 2011 08:01 AM (UOM48)
He's been a lot more successful and been able to hide his true intentions since he changed his name from Ernst Stavro Blofeld
Posted by: TheQuietMan at July 26, 2011 08:04 AM (1Jaio)
Posted by: Jane D'oh at July 26, 2011 08:04 AM (UOM48)
I hear that she had to put out to get you unbanned.
Posted by: Typical perverted moron at July 26, 2011 08:05 AM (LH6ir)
Posted by: Minnie Rodent at July 26, 2011 08:05 AM (S3rrR)
This proves once again that the left is full of dim bulbs. Why bother with the middleman (US government) when they could go straight to the source and get a lot more money?
Posted by: Miss Marple at July 26, 2011 08:06 AM (Fo83G)
Posted by: USA at July 26, 2011 08:06 AM (6Cjut)
Posted by: USA at July 26, 2011 08:07 AM (6Cjut)
I hear that she had to put out to get you unbanned.
Posted by: Typical perverted moron at July 26, 2011 12:05 PM (LH6ir)
shhhhhhhhh!
Posted by: Jane D'oh at July 26, 2011 08:09 AM (UOM48)
Finally! BarryÂ’s progressive policies result in closing borders!
Great post and link to NewsBusted.
Posted by: Hussein the Plumber at July 26, 2011 08:09 AM (jx2j9)
Posted by: Y-not at July 26, 2011 08:09 AM (5H6zj)
I guess I'm in for a long day.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 12:03 PM (8y9MW0
Pfftt...c'mon, really?
Posted by: The Chicken at July 26, 2011 08:10 AM (8ieXv)
Hey, you're so busy the day should fly by.
From one "appointment" to the next. Your day may be repetitive, but it shouldn't be slow.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:11 AM (8y9MW)
But that isn't the way our regulatory agencies work. They depend on the "regulated" entity to fill out government forms and questionnaires to document why they are complying with the law.
The auditor then checks the paper to make sure each of the spaces are properly completed. Audits are only performed "after the fact". The "fact" being some huge blowout in which it was obvious that the law was broken. (And then only if no politicians were involved)
This again illustrates why federal regulations are not worth a shit.
Posted by: Vic at July 26, 2011 08:12 AM (M9Ie6)
Posted by: Circa (Insert Year Here) at July 26, 2011 11:31 AM (B+qrE)
In girum imus nocte et consumimur igniHey, leave me out of this...
Posted by: Don Imus at July 26, 2011 08:13 AM (GBXon)
Holder needs to go to jail. Barky needs to be impeached.
This is Watergate +1000.
Posted by: Jane D'oh at July 26, 2011 08:13 AM (UOM48)
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 12:11 PM (8y9MW)
You got that right...its always fast & furious.
Yeesh.
Posted by: The Chicken at July 26, 2011 08:13 AM (8ieXv)
I have a link to that Chaffetz quote:
“I’m as no as you can possibly be," Rep. Jason Chaffetz, R-Utah, said outside the House floor this evening. “I did something I never thought I’d be able to do, and that’s vote to raise the debt ceiling. And that was contingent on sending a Balanced Budget Amendment to the states.”
Posted by: 80sBaby at July 26, 2011 08:15 AM (o2lIv)
Posted by: cherry π at July 26, 2011 08:15 AM (OhYCU)
Posted by: MikeTheMoose at July 26, 2011 08:16 AM (0q2P7)
Link
Posted by: curious the confused at July 26, 2011 08:17 AM (k1rwm)
Posted by: MikeTheMoose at July 26, 2011 08:17 AM (0q2P7)
No, it wouldn't. Do something completely legal to reduce your visibility to the government is not (and should not be) probable cause to get a warrant. That's like saying that anyone who drives exactly the speed-limit should be pulled over and searched: because they wouldn't be doing that if they didn't have something to hide.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:17 AM (8y9MW)
Rep. Wu resigning
unfortunately Democrats who get into scadals are almost always in safe districts.
It's likely another Dem will replace him.
Posted by: Ben at July 26, 2011 08:17 AM (wuv1c)
Posted by: t-bird at July 26, 2011 08:18 AM (FcR7P)
First, who says it's a problem for him? The third party profits are probably just gravy, the real work is whatever the managed fund is doing. By going "family only" he still gets to keep doing whatever that is.
But, even if it's a problem for Soros, I just put it down to "unintended consequences." The real point was the pain for everyone else, and it just accidentally caught his ally as well.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:20 AM (8y9MW)
Interesting, maybe even apt comparison. JuryÂ’s still out. WeÂ’ll see.
Posted by: Hussein the Plumber at July 26, 2011 08:21 AM (jx2j9)
thanks t-bird. Plus Soros gets the added benefit of Alinsky's "Pick the target, freeze it, personalize it, and polarize it."
Posted by: cherry π at July 26, 2011 08:22 AM (OhYCU)
Posted by: USA at July 26, 2011 08:22 AM (6Cjut)
Posted by: curious the confused at July 26, 2011 08:24 AM (k1rwm)
I don't think he's Reagan, but he (and the rest of the House) has been refreshingly firm in this debate.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:25 AM (8y9MW)
Rep. Wu resigning
Posted by: Ma Bell at July 26, 2011 12:15 PM (fepJ7)
I'm sure he'll bounce back, after all, the wonderful thing about Wu is his top is made out of rubber and his bottom is made out of springs.
Posted by: Warthog at July 26, 2011 08:25 AM (WDySP)
Posted by: Typical perverted moron at July 26, 2011 12:05 PM (LH6ir)
shhhhhhhhh!
Posted by: Jane D'oh at July 26, 2011 12:09 PM (UOM4
Oh geez Jane....I'm soooo sorry. I'll pay for the therapy you're gonna need.
Posted by: Tami at July 26, 2011 08:28 AM (ULMuv)
iowahawkblog David Burge #ConsequencesOfDefault Beltway policy experts begin living by own wits; within 45 minutes there are no survivors
Posted by: Tami at July 26, 2011 08:29 AM (ULMuv)
That guy can't even read his own charts. Government revenue collapsed due to the Bush tax cuts? Last time I checked, 2.6 trillion is a lot more than 2 trillion. Whoever wrote that is obviously a fucking retard.
Posted by: Waterhouse at July 26, 2011 08:29 AM (iTHsS)
Interesting, maybe even apt comparison. JuryÂ’s still out. WeÂ’ll see.
Posted by: Hussein the Plumber at July 26, 2011 12:21 PM (jx2j9)
Don't make me say it.
Posted by: Mr. Wolf at July 26, 2011 08:29 AM (8ieXv)
Posted by: Oldsailor's poet at July 26, 2011 08:30 AM (ZDUD4)
I mostly ignore Business Insider. If they aren't a wholly-owned-and-operated subsidiary of the DNC, they're very, very close allies.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:31 AM (8y9MW)
Honestly, I've been watching for a while. They have been doing this a lot. I keep writing them emails and I keep getting a robo response.
Posted by: curious the confused at July 26, 2011 08:31 AM (k1rwm)
That is total BS. Most of the Republicans who have been fighting to reverse the trajectory of the debt and deficit have consistently blamed it on Washington, left and right. This article and the accompanying charts is more of the same crap from the left - blame everyone but us - instead of trying to fix the problem.
What the hell good does it do to go back blame only half of the crooks who were involved? Will it fix anything?
Plus, the charts and the conclusions drawn from them are more of the same half truth nonsense from the left. Does that fix anything?
What idiocy.
Posted by: Hussein the Plumber at July 26, 2011 08:32 AM (jx2j9)
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 12:25 PM (8y9MW)
I totally agree. I was sure they would fold. I am happy to see them hold fast, especially when the stakes appear to be so high.
Posted by: Hussein the Plumber at July 26, 2011 08:35 AM (jx2j9)
Not so with a regulated industry (which is all of them)
The SEC could go in at any time and demand an audit of their activities and look at everything. If they fail to comply then the DOJ can get a warrant.
Posted by: Vic at July 26, 2011 08:38 AM (M9Ie6)
Me, too. And, honestly, they still might (which would make my anguish all the greater). However, I expected them to fold quickly, and they haven't. Indeed, their words have gotten stronger, and their actions haven't backed down (yes, they're looking for a "compromise" but they seem to be set in stone on actual spending cuts and {some of them} the BBA) very much at all.
It gives me a little hope.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:39 AM (8y9MW)
Let me go a bit deeper on this. The sewer project in question was mandated by the EPA (political insiders), and had its cost inflated out of sight, apparently to line the pockets of cronies and corrupt outfits (sound familiar yet?)
Add to that happening on the watch of a shady politician with no track record of success in anything aside from laying his hands on public funds, and you start getting this feeling of deja vu I've had nagging me for three years now. (By the way, Langford shared Obama's love of pie in the sky projects, especially a pointless domed stadium project. He even had a thing about unicorns.
There are differences to be sure, but the whole thing echoes like a dry run for Obama...
Posted by: F--- Nevada! (I'm AoSHQ's DarkLord©, and I approve this message) at July 26, 2011 08:42 AM (GBXon)
Posted by: 80sBaby at July 26, 2011 08:43 AM (o2lIv)
Indeed, that's correct. And if the SEC did so, and they failed to comply, a warrant should issue.
However, simply changing status from public to family only is not something which should, in, and of, itself, establish probable cause for a warrant.
Semi-related example.
There is a requirement for banks to notify Sec. Tres. of any cash transaction which totals (both incoming and outgoing) $10,000.01 or more (Currency Transaction Report). When a bank teller informs a customer of that, the customer has several options. One is to suck-it-up and have the paperwork filled out. Another is to change their transaction so it doesn't go over that mark. Even that has sub-options, and those have sub-options, etc., etc.
Just because someone, once informed of the reporting requirement, changes their transaction so as not to be reported does not mean that there is necessarily any suspicious activity (which would require a separate report, called a Suspicious Activity Report). Depending on how they modify their transaction, an SAR may be required, or it may not.
In this case, there is a new regulation which opens up publicly managed funds to more government scrutiny. A fund manager (in this case, George Soros) is taking a fund which is technically publicly managed- but is mostly a family fund already- and converting it fully to family managed.
That's not enough for probable cause for anything. Indeed, what would it be probable cause for? Do you suspect insider trading? Fraud? You'd need a lot more than just shielding themselves from more government intrusion before you had probable cause for any kind of offense- like an actual suspected offense, among other things.
Posted by: AllenG (Dedicated Tenther) at July 26, 2011 08:47 AM (8y9MW)
Posted by: Oldsailor's poet at July 26, 2011 08:49 AM (ZDUD4)
Posted by: curious the confused at July 26, 2011 12:24 PM
Look at the author of the article
Henry Blodget. Yes, you may remember him from the dot-com bubble as the guy who paid millions in fines for pump and dumping, hyping stocks he told colleagues in emails were total shit.
Yeh, another "expert"
Posted by: kbdabear at July 26, 2011 08:59 AM (so1xa)
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published. In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission. He settled and agreed to a bar from the securities industry. He paid a $2 million fine and $2 million disgorgement.
Currently Blodget is the Co-Founder, CEO, and Editor in Chief of The Business Insider, a blog about internet business trends and research. He is also a frequent contributor to the magazines Slate, Newsweek and New York.
Posted by: kbdabear at July 26, 2011 09:09 AM (so1xa)
The good news is that Bin Laden was given the 007 license to kill solution.
The real question is why a known, admitted, and unrepentant, Nazi collaborator like Judenrat Soros is allowed to reside in the United States. Oh, that's right, he supports left wing causes so he gets a free ride from the MSM; all of whom would immediately collaborate with nearest piece of pond scum they could find if only they were given a chance.
Is there at least a book exposing this piece of human excrement Soros?
Posted by: An Observation at July 26, 2011 10:01 AM (ylhEn)
Posted by: Merovign, Dark Lord of the Sith at July 26, 2011 10:17 AM (bxiXv)
Posted by: Merovign, Dark Lord of the Sith at July 26, 2011 10:18 AM (bxiXv)
What! Are we suspecting that a fund that earns 30% might not be on the up and up.
I do admire the way he has bribed so many journalists into using the word "philanthropist" in front of his name. Branding is important.
Posted by: Ronzoni at July 26, 2011 11:31 AM (UFJvm)
Posted by: SuperFreakonomics Audiobook at July 26, 2011 04:17 PM (Y2XdG)
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Posted by: Nighthawk at July 26, 2011 05:59 AM (OtQXp)