Thursday, August 11, 2011

The Soros Loophole

I have a piece at Front Page Magazine today about ACORN patron George Soros.

It's titled The Soros Loophole. Here's the top of it:

It wasn’t that long ago that currency speculator George Soros was traveling the globe urging a regulatory crackdown on the same financial sector that has allowed him to become a billionaire 14 times over.
In late 2008 the preachy political radical who has given more than $8 billion to charities and left-wing causes lectured a congressional committee. “The entire regulatory framework needs to be reconsidered and hedge funds need to be regulated within that framework,” he pontificated.
Soros got his wish, and the lawmakers his money helped to install in Congress dutifully approved the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203).
Soros talks a good game when it comes to openness and transparency. With an obedient media in tow, he postures as a defender of business ethics and good government but the lofty ideals he espouses apply only to other people. In the end, when his personal interests are at stake, his professed ideals get discarded like yesterday’s racing form.
So it shouldn’t surprise anyone that this man who has described himself as “some kind of god” now doesn’t want to comply with new disclosure rules that accompany the Dodd-Frank law. To avoid complying, he is closing his $25 billion Quantum funds to investors outside his family. [...]

* * * * *

America needs to know that ACORN is restructuring in time to help re-elect President Obama in 2012. Obama used to work for ACORN and represented the group in court as its lawyer. These radical leftists who use the brutal, in-your-face, pressure tactics of Saul Alinsky want to destroy America as we know it and will use any means to do it.

Buy my book Subversion Inc. at Amazon and in Barnes & Noble and Books-A-Million bookstores. Visit the Subversion Inc. Facebook page. Follow me on Twitter.

No comments:

Post a Comment