DEM MONEYBAGS STRIKES AGAIN – AT 10:27 A.M. ET: The great Ed Lasky, of American Thinker, who's always ahead of the curve, reports on the latest despicable escapades of one George Soros, one of the leading financial backers of the Democratic Party and assorted leftist causes:
In the case of George Soros, the rich really do get richer while the poor get poorer. Let me count the ways hedge fund billionaire has enriched himself through his trading "strategies." Years ago, he broke the Bank of England by wagering against the British pound -- pressuring it in such a way that England had to devalue the pound. His first billion-dollar payday. Various ploys over the years enriched him further. Then he made billions by wagering that the housing and mortgage markets would collapse in America. A multi-billion dollar payoff again. Now he is up to his old tricks again: working with other hedge funds to force the euro to crack.
Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis.
The big bets are emerging amid gatherings such as an exclusive "idea dinner" earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to "parity" -- or equal on an exchange basis -- with the dollar, people close to the situation say.
Ed notes the utter phoniness of this man who finances so many leftist "help the people causes:
These types of moves bring exacerbate problems with financial markets and the turmoil that results may enrich speculators and hedge fund managers but bring misery to millions of people.
But who cares about real people, those flyover people out there. It's the ideology that counts.
Democrats have been major beneficiaries of hedge fund managers making donations to their party and to its politicians. Senator Chris Dodd was the number one beneficiary of their largesse until Barack Obama emerged as a presidential candidate; Obama became the "hedge fund candidate."
The Democratic Party preaches that it is for the little guy and bashes Wall Street and bankers mercilessly. Yet it remains silent on the machinations of their patron saint, George Soros. He funds think tanks galore. He created the Center for American Progress -- Obama's think-tank and hiring hall. The CAP is an adjunct of the Democratic Party, peddling its ideas throughout the media landscape.
Yet, Soros has no compunction about bringing misery to millions of people -- the same people the Democrats tout they are helping. They have no problem accepting money and support from George Soros-they also have no compunction and are notable short in the morality department, too.
Let's call it for what it is: liberal hypocrisy.
It certainly is. And it has been going on for years.
London's Daily Mail has now picked up the story:
A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.
Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.
A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.
Will the Democrats now refuse to accept funds from Soros? Are you kidding?
February 27, 2010