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Keyword: financialreformbill

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  • The Soros Loophole

    08/11/2011 9:37:56 AM PDT · by opentalk · 14 replies
    Frontpage ^ | August 11, 2011 | Matthew Vadum
    It wasn’t that long ago that currency speculator George Soros was traveling the globe urging 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...