The Soros Syndrome

Pittsburgh Tribune-Review ^ | Sunday, October 5, 2008 | By Ed Lasky

[april15Bendovr]

Wachovia, one of America's major banks, has seen its stock price plummet over the last few months and will be purchased either by Citibank for the proverbial song -- a few dollars a share for a stock that sold at more than $50 a share late last year -- or by Wells Fargo at a premium.

What brought about the wreckage of Wachovia?

[april15Bendovr]

"The top five donors to these 527 groups in the 2004 presidential cycle were George Soros, Peter Lewis (of Progressive car insurance fame), Steven Bing (a Hollywood film and record producer) and Herbert and Marion Sandler. Collectively they gave $78 million to left-leaning groups."

[Aria]

More about Soros and Obama here:

http://www.jonchristianryter.com/2008/080908.html

[Ilya Mourometz]

Soros has caused more than one currency/financial crisis in his sordid career. He nearly destroyed the economies of several Eastern European and African nations by deliberately devaluing their currencies after hoarding then dumping them. He’s a truly evil, evil man.

[april15Bendovr]

I am watching the Hannity Fox News special right now that is bringing up many of these connections.

This information is disturbing and disgusts me.

[Frantzie]

This is creepy. Somebody does get it and knows Soros is behind this with others. I have a little faith that if someone knows then we are not sunk.

They (Democrats) knew Fannie and Freddie could blow up the global financial system and the hedge funds shorting could pick off these companies like fish in a barrel one by one. Wall Street companies and banks did not have a clue what hit them. They made tens and possibly hundreds of billions.

Fannie and Freddies ex-execs wrecked the company, bailed out and made $500 million among 9 execs. They probably told the shorts which companies to attack first. Countrywide then Indy Mac then WAMU and on. The Sandlers knew their Golden West Financial was a bag of crap when they sold it to the rubes at Wachovia. It was stuffed with “pick a payment” mortgages. These people all had inside info on how bad the mess was, how to attack each company by shorting them, how to do naked shorting that required no money, how to get billions from other sources (Saudis perhaps)for more shorting, how to use the Chicago Options Exchange to drive comapnies down more.

How to use shorting on one side and buying credit default swaps on those companies to drive their default insurance up. Think of the company as a drowning man. The shorts are pushing his head under water while the shorts are buying the credit deafault swaps are pulling the drowing man (company) under deeper.

This is the biggest robbery in history and the Democrats and Obama’s fingerprints are all over this and Republicans got blamed for. The avg American just wants it “fixed” so they can go watch the college footbal game or Desparate Housewives aka soft core porn.

If Obama wins we are headed towards serfdom.

[BillaryBeGone]

As my husband is wont to say: "God help us, we're not ready for self-government." I pray McCain-Palin will prevail. I truly fear the alternative. It would likely lead to anarchy - not only here at home, but across the globe. If "the savior" (that IS what the MSM want's us to think of him as, right?) handles stragetically important meetings as well as I hear he "handled" the bail-out meeting just before the House voted it down, all is lost. Pray God takes pity on us and spares us the burden of this dyed-in-the-wool socialist.

[Ouderkirk]

The Sandlers are directly responsible for th failure of Wachovia. They knew fully well that they sold them a pile of crap. Shame on Wachovia for buying into this mess. If the Sandlers were still holding theBag on Godlen West they would be going to jail.

[april15Bendovr]

http://www.streetstories.com/gs_art_obrien.html

George Soros Has Seen The Enemy. It looks Like Him.
October 11, 2005

The New York Times

Sunday, December 6, 1998

“On Aug. 13, a Thursday, Soros published a letter in The Financial Times saying that the meltdown in the Russian financial markets had “reached the terminal phase.”

He called for immediate action, including a devaluation and the institution of a currency board — a system fixing a nation’s currency to the value of its richest trading partner. Such a plan would have taken away Russian central bankers’ discretion over monetary policy.

The letter helped prompt a panic in Russian markets — and invited a fresh bout of suspicion about Soros’ motives. Later in the day, he issued a statement saying that he was not shorting the ruble, adding that his own portfolio “would be hurt by any devaluation.” In his book, he added that he did not trade any Russian securities during the crisis.

By the weekend, Russia appeared headed for a default on its foreign and domestic debt. In a private meeting in Russia’s White House on Sunday, Aug. 16, business leaders — including Potanin — persuaded members of the Yeltsin administration to add a moratorium on debt repayment to a deep devaluation of the ruble that was to be announced the next day.

That announcement caused international investors to flee Russia, touching off a global financial panic and setting in motion the events that would lead, a month later, to the near-collapse and government-orchestrated bailout of another big hedge fund, Long-Term Capital Management.

Soros says self-interest played no part in his financial diplomacy during the meltdown.

“In Russia, of course, I had been very involved and became more involved at the time of the crisis,” he said last week. “But the advice that I gave, which I think would have avoided the breakdown, was not designed to benefit me personally.”

Indeed, at the end of August, Soros’ funds announced a $2 billion loss in Russia. But it is hard to imagine that the country’s economic stabilization — the goal of his activism — could have failed to bolster Svyazinvest.

Ever philosophical, Soros acknowledges that his foray into Russia was problematic. “I have no regrets with regard to my attempts to help Russia move toward an open society: They did not succeed, but at least I tried,” he wrote in his book. “I have grave regrets as an investor. It goes to show how difficult it is to reconcile the two roles.”

[april15Bendovr]

Heading towards Saul Alinskyville

[RegulatorCountry]

What brought about the wreckage of Wachovia?

The reckless, go-go, dishonest idiots who ran First Union, and bought Wachovia for their (formerly) good name, once they'd driven their own into the ground. Anyone who knew the two institutions here in NC, prior to the "merger," could see where this was headed. Baker should be ashamed. I hope those millions help him sleep at night.

[april15Bendovr]

A buyout of sub prime loans?

Acorn= Fannie Mae & Freddie Mac= Democrats= financial disaster?

[uncommonsense]

I'm trying to connect the dots - documented here post # 20 and 22. Buffett, Paulson, Soros (never created value anywhere - only destroyed currencies, destabilizing countries, and reaping billions), and the Rats are right in the middle.

There's very good information on who owns whom here in Open Secrets. Look at investments by industries in politicians - like:

Forget about the pennies contributed by Fannie and Freddie to congressional members. Look at industry totals. The top two recipients of contributions from the financial industry are none other then Senators Clinton as #1 (makes some sense since she represents NY, but that's a lot in a short time period, 2000-2008) and Obama as #2, elected in 2004, is not far behind Hillary. Source - Open Secrets

Hillary Clinton (D-NY) $31,040,714

Barack Obama (D) $27,942,613

Combine this with the deep ties by Obama to several high-profile purveyors of the mess - the former CEOs of Fannie and Freddie, plus his campaign's Finance Chair, Penny Pritzker, owned a failed Chicago thrift that helped pioneer sub-prime financial instruments and faced accusations of abuse. Source - Huffington Post of all sources

Countrywide's CEO gave below market mortgage deals (called "Friends of Angelo") to numerous Democratic officials - Senators Chris Dodd, Democrat from Connecticut and chairman of the Banking Committee, Kent Conrad, Democrat from North Dakota, chairman of the Budget Committee and a member of the Finance Committee, Jim Johnson, former CEO of Freddie Mac and advisor to Obama, and Richard Holbrooke, adviser to Hillary Clinton’s presidential campaign, a former U.N. ambassador and assistant Secretary of State. Source - Portfolio

Another good WSJ article points out the how the Democrats blocked GSE reform proposed by Republicans in 2005, which is at the center of this crisis. Source - WSJ

[uncommonsense]

Sorry, for some reason links i posted changed.

Countrywide link: Portfolio here

Finance industry investments in congress Open Secrets here

[april15Bendovr]

Don’t forget this connection

From WSJ article SEPTEMBER 25, 2008

Countrywide Made Home Loans to Gorelick, Mudd

“One of Countrywide’s previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide’s chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae’s vice chairman at the time.”

Look at when and why Jamie Gorelick was appointed to the 9/11 Commission.

The Democrats new if this scandal reached the surface they would be in big trouble.

Jamie Gorelick was a convenient distraction at the time and by nominating this former high ranking women of the DOJ as 9/11 Commissioner she was in the unique position to discredit any info that could of helped President Bush like the Army data-mining program Operation Able Danger.

She was in a position to keep the Democrats on life support with this scandal.

Check out this article by our former FBI Director

http://www.opinionjournal.com/extra/?id=110007559

An Incomplete Investigation
Why did the 9/11 Commission ignore “Able Danger”?

by LOUIS FREEH
Thursday, November 17, 2005 12:01 A.M. EST

[Frantzie]

Yup you got it. This was a coordinated attack. Paulson and Cox at the SEC should have cuaght it earlier but there is probably little they could do. The Fannie & Freddie looting and CRA/community activist sub prime mortgage giveaway was the “setup” for the attack.

[april15Bendovr]

The Hannity Fox News special showed a journalist along with a congressman stating Angelo Mozilo and Democrats tried intimidating them when suggesting regulation of Fannie Mae and Freddie Mac with the sub prime loans.

[april15Bendovr]

Check out my video

Fannie Mae Scandal and Obama’s friends

http://www.youtube.com/watch?v=05vGzbtM4XU

[Protect the Bill of Rights]

From your link:

........The Hollywood-staged script, aptly entitled the Democratic National Convention, was supposed to make the American people believe a man who removed the American flag from the tail of his jet plane ...........

Is that interpretation true? Was it temporary or permanant?

If it is, I didn't know that and I pay attention. I would be willing to bet many voters do not know that. I bet those voters would be enraged.

He is running for President of the United States. He has had Secret Service protection for a long time. And yet he removes the American Flag from the plane?

My opinion is that this could be an issue which tips the scale IF it is factually correct.

[Protect the Bill of Rights]

Ping to 18

[Protect the Bill of Rights]

http://www.google.com/search?q=obama+flag+plane&rls=com.microsoft:*:IE-SearchBox&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7GGIK

Google is my friend