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March 4, 2010: Who's Really Behind the Financial Crisis?
Accuracy In Media (AIM) reposted on Expertclick.com Blog ^ | March 4, 2010 | Cliff Kincaid

Posted on 11/13/2010 5:22:39 PM PST by bronxville

Edited on 11/13/2010 6:33:57 PM PST by Admin Moderator. [history]

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.


(Excerpt) Read more at expertclick.com ...


TOPICS:
KEYWORDS: brzezinski; economy; governmentfinance; horwardbaker; johngaine; kissinger; managedfinance; marccharon; mfaboard; mfadirectors; richardhbaker; rockefeller; rogerhollingsworth; soros; spookydude; stuartkaswell

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

1 posted on 11/13/2010 5:22:41 PM PST by bronxville
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To: bronxville

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.


2 posted on 11/13/2010 5:34:01 PM PST by Fester Chugabrew (.)
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To: Fester Chugabrew

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.


3 posted on 11/13/2010 5:37:32 PM PST by bronxville
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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


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


“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


4 posted on 11/13/2010 5:37:52 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: bronxville

Is this what is called “naked short selling”?


5 posted on 11/13/2010 5:39:05 PM PST by cradle of freedom (Long live the Republic !)
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To: combat_boots

A veritable who’s who. Thanks.


6 posted on 11/13/2010 5:41:46 PM PST by bronxville
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To: bronxville

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


7 posted on 11/13/2010 5:47:18 PM PST by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: bronxville

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.


8 posted on 11/13/2010 5:49:05 PM PST by Fester Chugabrew (.)
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To: bronxville; All

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/


9 posted on 11/13/2010 5:52:57 PM PST by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: bronxville
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.

10 posted on 11/13/2010 6:04:31 PM PST by ROCKLOBSTER (Celebrate: Republicans freed the slaves Month.)
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To: cradle of freedom

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.


11 posted on 11/13/2010 6:05:10 PM PST by bronxville
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To: ETL

Great - thanks. :)


12 posted on 11/13/2010 6:07:01 PM PST by bronxville
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To: combat_boots

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.


13 posted on 11/13/2010 6:10:44 PM PST by bronxville
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To: combat_boots

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...:)


14 posted on 11/13/2010 6:15:47 PM PST by bronxville
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To: bronxville

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


15 posted on 11/13/2010 6:19:56 PM PST by allmost
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To: butterdezillion

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


16 posted on 11/13/2010 6:29:13 PM PST by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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To: bronxville

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?


17 posted on 11/13/2010 7:19:56 PM PST by Avid Coug
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To: SatinDoll

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.


18 posted on 11/13/2010 7:26:41 PM PST by butterdezillion (.)
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To: 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?

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.

19 posted on 11/13/2010 7:30:01 PM PST by danielmryan
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To: Fester Chugabrew

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


20 posted on 11/13/2010 7:43:21 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Farmer Dean

It won’t matter. He has sons and daughters or daughters-in-law who are already really running things.

All of the hedge funds work together. All of the enviro groups work together. All the state-controlled media groups work together.

They are flipping out over the Tea Party because, for a change, the plebes have begun working together.


21 posted on 11/13/2010 8:20:04 PM PST by reformedliberal
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To: reformedliberal

“It won’t matter. He has sons and daughters or daughters-in-law who are already really running things.”

Hu Jintao is considered the most powerful man on Earth now, and King Faisal 3rd.

If Soros & the Hedge mercs & globalists/Gore/Reid/Pelosi types bring the US down, Saudi & the ChiComs are next. I don’t think they’ll take well to these tactics, from Soros, his minions, children or partners in treachery.

Besides, Soros is an American citizen. He is also engaging in practices worthy of multiple RICO lawsuits, class-action suits and other sundry felony counts.


22 posted on 11/13/2010 8:24:41 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: reformedliberal

Well,it matters to me.Just like Ted Kennedy,some people need to meet their maker.


23 posted on 11/13/2010 8:24:46 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Avid Coug; danielmryan

This is an EXCELLENT explanation of what happened -
http://elainemeinelsupkis.typepad.com/money_matters/2008/09/elaine-meinel-8.html

Many don’t believe it was the Glass-Steagal repeal, written and proposed by the Repubs and signed into law by Clinton only after the repubs gave him and the left carte blanche with the Community Reinvestment Act. I believe BOTH were the beginning of our downfall. Both parties worked together against us. Read up on Citicorp Ruben. Gore, Udalls etc who piled millions into the EPA etc. How they’re so lauded today is beyond me.

The Clinton administration was one of our worst admins. Carter started the CRA but the Clintons took it to a whole other level along with the EPA and Education Dept - the latter was given to us by Carter. When the Clintons got the banks well...


24 posted on 11/13/2010 9:00:58 PM PST by bronxville
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To: combat_boots; Farmer Dean

Oh, I actually agree with Farmer Dean. It would be satisfying to see the end of Soros. But, realistically, as one of the *owners* of this world, he has set up his dynasty and it will continue on.

It isn’t just about money, or even power, IMO. It is about intricate networks that function even if one or more of the chief perpetrators are gone. They get their own in the oversight positions, so, actually, they are immune from prosecution.

I think many people knew about Soros and his cronies a long time ago. He is the model for all the Dr. Evil characters. He probably gets a kick out of that.


25 posted on 11/13/2010 9:28:17 PM PST by reformedliberal
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To: bronxville

Meanwhile, the SEC extends the compliance date for the new short sale rule by more than three months.

http://www.reuters.com/assets/print?aid=USTRE6A849J20101109


26 posted on 11/13/2010 9:28:32 PM PST by Enough is ENOUGH (Protest QE2.)
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To: Enough is ENOUGH

Obama tried to get Asian countries to change accounting to mark to market. Peter Schoonheim says the International Bank of Settlements of Basel (which Soros led at one time) told Congress to switch to the new accounting, FASB 157, back in 2007 and this led to the market meltdown and eventually leads to total transfer of ownership and control of capital, production, etc to the government.


27 posted on 11/13/2010 10:34:46 PM PST by charlie72
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To: charlie72; Enough is ENOUGH

Thanks. Do you have a link?


28 posted on 11/14/2010 1:19:26 AM PST by bronxville
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To: charlie72; Enough is ENOUGH

On December 30, 2008, the SEC delivered its report to Congress recommending against the suspension of fair value accounting standards and concluding that SFAS 157 was not the cause of the recent bank failures. The SEC’s report includes an overall analysis of fair value accounting including mark-to-market accounting and SFAS 157 as subsets of fair value accounting.
http://www.rkmc.com/SFAS-157-What-Is-Its-Purpose.htm

This article briefly summarizes SFAS 157 and the current positions of the FASB and SEC.


29 posted on 11/14/2010 1:33:55 AM PST by bronxville
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To: bronxville
I don't want to get into an argument, but I have my doubts about that repeal being the sole cause. Here's why:

In Canada, the Canada I grew up in, there was a Glass-Steagal-like provision that split financial services into four sectors. Any firm that wanted to conduct business had to stick to one of the four; no cross-ownership was allowed. The four sectors were: banks, trust companies (basically S & Ls), brokerage services and insurance. They used to be known as the "Four Pillars."

The Government of Canada allowed some cross-ownership starting in late 1987, and allowed complete cross-ownership in late 1991. Since then, Canadian banks have been permitted to own any financial institution they want.

Canada's financial-services sector was one of the few to get through the crisis of '08 largely unscathed - bloodied, yes, but unscathed. As for previous meltdowns, the same.

In order to claim that the repeal of the cross-ownership restrictions of Glass-Steagall was the major causative force, the difference between the American and Canadian experience has to be explained too. The CRA growing teeth might suffice.

(If anyone's interested, this master's thesis goes into the Canadian experience of cross-ownership deregulation.)

30 posted on 11/14/2010 9:30:34 AM PST by danielmryan
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To: bronxville

Soros-is-Satan’s-Emissary-on-Earth-bump


31 posted on 11/14/2010 10:57:09 AM PST by WashingtonSource
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To: bronxville

Soros-is-Satan’s-Emissary-on-Earth-bump


32 posted on 11/14/2010 10:57:36 AM PST by WashingtonSource
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To: danielmryan

No problem - I enjoy input. You’ve given me info to read and reflect. The repeal of Glass-Steagal and the consequences just might have been a coincidence or added to... Will keep for a read later. Thanks. :)


33 posted on 11/14/2010 3:45:46 PM PST by bronxville
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To: bronxville

It is on rightsidenews.com Sunday Oct 17, 2010.
www.rightsidenews.com/20101017ll892/us/politics-andeconomics/time-bomb-progressives-destruction-of-private-sector-wealth-and-control-of-capital-and-property


34 posted on 11/14/2010 4:44:58 PM PST by charlie72
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To: bronxville

Sorry, I forgot how to post a link.
I failed to place a dash (-) between “and-economics.”

The conclusion of the article says the boom would have continued had FASB 115 “hold to maturity” in the Private sector been left in place, while the government retains the right to value and write up Private Sector assets it refinances and acquires on a “hold to maturity” basis. The political intent was to shift control and ownership of capital to the elite and their chosen.


35 posted on 11/14/2010 4:59:34 PM PST by charlie72
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To: bronxville

Do you remember the closed session of Congress on Mar. 12, 2008? I found two reports of what was said about the coming economic collapse, etc. etc. It was said that Bush/Paulson wrote a plan for that eventuality, which occurred in October, I believe. I wonder how involved was Soros or Kissinger or Brzezinski or Rockefeller? One of the reports on the closed session was by Gold and Silver Exchange. I forgot the other. (Just for your info.)


36 posted on 11/15/2010 5:52:00 PM PST by charlie72
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