March 4, 2010: Who's Really Behind the Financial Crisis?

Accuracy In Media (AIM) reposted on Expertclick.com Blog ^ | March 4, 2010 | Cliff Kincaid

[bronxville]

The New York Times is quoting a spokesman for George Soros as saying that the well-known hedge fund operator is guilty of no wrong-doing in connection with the financial upheaval currently affecting Greece and Europe as a whole.

[bronxville]

Book Reveals How Short Sellers Engineered Economic Collapse and Pocketed $11 Trillion

[Fester Chugabrew]

Meawhile crops continue to grow. Cows, chicken and fish multiply. There are any number of neighbors whose expertise and gifts are worthy of purchase and/or barter.

I’d be content to barter with my neighbors the rest of my life while watching Soros and his ilk die rich and unhappy.

[bronxville]

I’d agree with you if one was left alone to pursue it but that’s not what those rich and unhappy manipulators have in store for us.

[combat_boots]

Founders’ Council

MFA’s Founders’ Council is the premier level of membership for single manager hedge funds. Members of MFA’s Founders’ Council advise the MFA Board of Directors and contribute significantly to the development of key policy positions, operational issues and short and long-term strategic planning.

The Founders’ Council includes individuals affiliated with the following firms:

•AQR Capital Management, LLC
•BlueMountain Capital Management LLC
•Caxton Associates, LP
•Citadel LLC
•D. E. Shaw group, the
•Eton Park Capital Management, L.P.
•Highbridge Capital Management, LLC
•Highside Capital Management, LP
•Level Global Investors, L.P.
•Lone Pine Capital LLC
•Maverick Capital Ltd.
•Moore Capital Management, LLC
•Paulson & Co., Inc.
•Renaissance Technologies LLC
•S.A.C. Capital Advisors, L.P.
•Soros Fund Management LLC
•TPG-Axon Capital Management, LP
•Tudor Investment Corporation
MFA’s Chairman is an ex officio member of the Founders’ Council.

http://www.managedfunds.org/founders-council.asp

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Sustaining Members are MFA’s highest regular membership class and are instrumental in helping MFA structure its goals and agenda. Sustaining Members provide vision, opinion and consensus views that help MFA form policy on issues affecting the industry. Sustaining Members have the opportunity to provide substantial impact on MFA initiatives through participation on a wide range of active committees and working groups.

Sustaining members include individuals affiliated with the following firms:

•Abrams Capital
•Advent Capital Management
•Alden Global Capital
•Amber Capital Investment Management
•Anchorage Advisors, L.L.C.
•Angelo, Gordon & Co., L.P.
•Arden Asset Management LLC
•Aurora Investment Management L.L.C.
•Avenue Capital Group
•Balyasny Asset Management, L.P.
•Baupost Group, LLC
•BBT Capital Management, Inc.
•BlackRock Alternative Advisors
•Blenheim Capital Management, LLC
•Brevan Howard, Inc
•Bridgewater Associates, LP.
•Brigade Capital Management, LLC
•Brookside Capital, LLC
•Campbell & Company, Inc.
•Cantillon Capital Management
•Carlson Capital, L.P.
•Centaurus Energy Management, LP
•Cerberus Capital Management L.P.
•Chilton Investment Company, L.L.C
•Claren Road Asset Management
•Clarium Capital Management LLC
•Coatue Management LLC
•Conatus Capital Management LP
•Convexity Capital Management
•Cowen Group, Inc.
•Davidson Kempner Capital Management LLC
•Diamondback Capital Management, LLC
•Discovery Capital Management, LLC
•DLA Piper US LLP
•Duff & Phelps
•DW Investment Management, LP
•Ellington Management Group, LLC
•Elliott Management Corporation
•Eminence Capital, LLC
•Equinox Partners, LP.
•Farallon Capital Management, L.L.C.
•Fortress Investment Group LLC
•FrontPoint Partners LLC
•Geosphere Capital Management
•Glenview Capital Management
•GLG Partners, LP
•GlobeOp Financial Services
•GoldenTree Asset Management LP
•Goldman Sachs Asset Management
•Graham Capital Management
•Greenlight Capital, Inc.
•Harbinger Capital Partners
•HBK Capital Management
•Highfields Capital Management LP
•Hoplite Capital Management
•JANA Partners LLC
•Kenmar Global Investment Management LLC
•Kensico Capital Management
•Kepos Capital LP
•King Street Capital Management, LLC
•Kingdon Capital Management, LLC
•Kynikos Associates, LP
•Magnetar Capital LLC
•Magnitude Capital, LLC
•Man Investments Inc.
•Mason Capital Management
•Millburn Ridgefield Corporation
•Millennium Partners, L.P.
•Monarch Alternative Capital LP
•Och-Ziff Capital Management Group
•Odyssey Investment Management, LLC
•Omnium
•One William Street Capital Management LP
•Ospraie Management, LLC
•P. Schoenfeld Asset Management LP
•Passport Capital
•Perella Weinberg Partners LP
•Perry Capital, LLC
•Pershing Square Capital Management LP
•Quantitative Investment Management
•QVT Financial LP
•Regiment Capital Advisors, LP
•Rotella Capital Management, Inc.
•Royal Capital Management, LLC
•Samlyn Capital, LLC
•Sankaty Advisors, LLC
•Scopia Capital
•Silver Creek Capital Management, LLC
•South Ferry Capital Management, L.P.
•Stevens Capital Management LP
•Strategic Value Partners, LLC
•Sunrise Capital Partners, LLC
•Taconic Capital Advisors LP
•Tenor Capital Management Company, L.P.
•Third Point LLC
•Tiger Asia Management, LLC
•Tiger Consumer Management, L.L.C.
•Tiger Management L.L.C.
•Tremblant Capital Group
•TRG Management LP
•Varde Partners
•Wexford Capital LP
•Willowbridge Associates Inc.
•Winton Capital Management Ltd.
•Yorkville Advisors, LLC

http://www.managedfunds.org/sustaining-members.asp

Key People
Richard H. Baker (R-LA), president and ceo
John G. Gaine, president emeritus and special counsel, International Affairs
Marc Charon, executive vice president, chief operations officer
Roger Hollingsworth, executive vice president and managing director, Government Relations
Stuart Kaswell, executive vice president and general counsel
MFA directors are elected annually to serve two-year terms. They are eligible to serve two consecutive terms. Directors elect a chairman and officers to serve for a fiscal year, October 1 - September 30.

Eric Vincent, president, Ospraie Management, LLC, chairman
Putnam Coes, chief operating officer, Paulson & Co., Inc. vice chairman
Art Bell, managing partner, Arthur Bell Certified Public Accountants, treasurer
Tracy Wills-Zapata, managing director - Institutional Business Development, Campbell & Company, secretary
Trey Beck, managing director, D.E. Shaw & Co., L.P.
Michel Brogard, managing partner, Amber Captal Investment Management
Norman Champ, III, general counsel, Chilton Investment Company, LLC
Samuel Cole, chief operating officer, Blue Mountain Capital Management LLC
Mark Horowitz, chief operating offficer & general counsel, Glenview Capital Management
Scott Lawin, managing director & chief operation officer, Fortress Investment Group LLC
Jeffrey Lomasky, chief financial officer, Cerberus Capital Management
John Macfarlane, chief operating officer, Tudor Investment Corporation
Peter Nussbaum, general counsel, S.A.C. Capital Advisors, LLC
Jim O’Brien, chief operating officer, Cantillion Capital Management
Joanne Pace, chief operating officer, Morgan Stanely Investment Management
Sean Simon, co-president, Ivy Asset Management
Sarah E. Street, executive vice president and chief investment officer, XL Capital Ltd.
Appointed Directors

Dean C. Backer, managing director, Goldman, Sachs & Co.
Mark J. Casella, partner, PricewaterhouseCoopers
Craig S. Donohue, chief executive officer, CME Group
Fred Hatfield, president, Hatfield Advisory Services
William Keunen, director of Fund Services, Citco Fund Services (USA) Inc.
Annette Nazareth, partner, Davis Polk & Wardwell
Special Advisor

John Damgard, president, Futures Industry Association

http://www.marketswiki.com/mwiki/Managed_Funds_Association

FIA Expo
http://www.marketswiki.com/mwiki/MarketsWiki_at_FIA_Expo_2010_%28VIDEO%29

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“Managed Funds Association: Additional Comments of Managed Funds Association for the U.S. Securities and Exchange Commission Roundtable on Hedge Funds, May 14 - 15, 2003” Submitted August 5, 2003 by: John G. Gaine, President, Managed Funds Association

http://www.sec.gov/spotlight/hedgefunds/hedge-mfa3.htm

[cradle of freedom]

Is this what is called “naked short selling”?

[bronxville]

A veritable who’s who. Thanks.

[ETL]

Soros is scarier than any of the make believe villains in the Bond films.

[Fester Chugabrew]

If they are not content to let us use the resources betowed upon us by our Maker they (and their enablers) could very easily die soon and unhappy.

[ETL]

Here are links to a 2-part FoxNews Glenn Beck Show on George Soros...

Glenn Beck Show- November 9, 2010:
http://www.watchglennbeck.com/video/2010/November/glenn-beck-show-november-9-2010-the-puppet-master-revealed/

Glenn Beck Show- November 10, 2010:
http://www.watchglennbeck.com/video/2010/November/glenn-beck-show-november-10-2010-the-puppet-masters-plan-for-america/

[ROCKLOBSTER]

Who's Really Behind the Financial Crisis?

I'm fine with:

1. The Banking Queen.
2. The former Chris Dodd.
3. The former ACORN, featuring Obama.
4. The Boston Fed.

[bronxville]

This is what they do...
http://www.deepcapture.com/tag/naked-short-selling/

David Einhorn et al make me sick to my stomach...

They attacked Allied which was then bought by Ares for a song. Ares is a sub of the Apollo group - Leon Black. I believe they’re a close affil of BlackStone Group. The Blackstone Group are full of Clintons ex-staffers - many on CFR. I think much of our problems, in every area, can be traced back to the Clinton/Gore admin.

[bronxville]

Great - thanks. :)

[bronxville]

The DE Shaw group is heavy into healthcare. They’re also into something else which I can’t offhand but I know he got a big reward from MacAuthur Foundation which means he’s working for the left. Paulson and Soros made a billion last year.

[bronxville]

PS: I’ve observed that most of the Greek named companies usually track back to Leon Black, the Blackstone Group and Soros. The Blackstone Group always go to great length to explain how they came up with their name. I wonder why...:)

[allmost]

Numerous people at fault. The hindsight makes it exceptionally clear. Number one is Greenspan.

[SatinDoll]

You might find this thread very, very interesting. George Soros ain’t alone.

[Avid Coug]

I have two questions. When did the concept of short selling on the stock market first appear in practice? What would happen if we passed a federal law that prohibited short selling?

[butterdezillion]

Very interesting indeed. Thanks for the heads-up.

I wonder if anything can be done about any of this before 2013, or if trying to reduce the deficit and get rid of crippling taxes and regulations are the best we can do to get back from the precipice until Obama is gone.

[danielmryan]

I have two questions. When did the concept of short selling on the stock market first appear in practice? What would happen if we passed a federal law that prohibited short selling?

I can't precisely answer the first, but I can say it's been around since at least the nineteenth century (in the U.S.).

As for the second: the SEC actually prohibited short selling on sixty or so bank stocks back in late October- November of '08. They still gyrated around despite that 'safety net'. I remember watching Fannie Mae one day when it dropped 50% in minutes. That was during the time when the short-selling ban on it was in place.

I point this out because it shows that a buyer's strike plus seller's panic can give you a hair-raising drop without any short sellers at all. Granted that it would be rare - I only remember one - but they're also rare with short selling permitted.

[Farmer Dean]

I’m surprised that someone hasn’t relieved Soros of the burden of a misspent life.