tagged w/ Soros
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Segment: Cleantech Society
The Hungarian-born U.S. investor also announced
he would form and fund a new climate policy initiative
with $10 million a year for 10 years.
He pledged $1bn for Cleantech energy.
From speculating against British pound to Cleantech Investment
I'm breathing I'm breathing out.....Segment: Cleantech Society
The Hungarian-born U.S. investor also announced
he... more
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Now that Jones has resigned, Loudon says that "the focus needs to go on who hired him and why an easily identifiable communist revolutionary with a police record could serve as a presidential adviser."
He explains, "The Obama administration boasted of its extreme vetting procedures, so I find it unlikely that if a blogger from New Zealand could identify Jones as a communist militant that the White House didn't know."
In terms of the evidence about who recommended and hired Jones, Loudon says that the focus that Accuracy in Media has put on far-left Oakland Democratic Rep. Barbara Lee is correct, since she was "almost certainly complicit in getting Jones hired." Lee is chair of the Congressional Black Caucus, was a presidential campaign adviser to Obama, and is a friend of Jones and Obama. Jones and Lee worked together on "green jobs" in Oakland.
At the same time, Obama's "brain" Valerie Jarrett is on tape as saying "they" have been watching Jones for years and were happy to recruit him. Since Jarrett is in the White House, "the spotlight must go on Jarrett," Loudon argues. "But eventually it must come back to the president himself."
He explains, "Jones and Obama have worked with the same people all the way."
For example, Loudon notes that "In 1999 Obama was called to New York to set up a left-wing think tank called Demos. He served for a time on the Demos board of trustees. Jones is still listed a member of the Demos board. Demos is a partner organization to the Institute for Policy Studies and also works closely with ACORN and Project Vote-names very familiar to any Obama watcher."
Explaining the rise of Van Jones, Loudon says, "Seven years ago Van Jones was a Bay Area Alinskyite street communist. After hooking up with the Committees of Correspondence for Democracy and Socialism, Democratic Socialists of America, former '60s Maoists, Weather Underground supporters and Demos, he managed to land a job in the White House."
By comparison, "Twenty-two years ago Barack Obama was a Chicago Alinskyite 'community organizer.' After hooking up with the Committees of Correspondence for Democracy and Socialism, Democratic Socialists of America, former '60s Maoists, Weather Underground supporters and Demos, he managed to land a job in the White House."
Just a coincidence?
Loudon concludes, "Jones' resignation is a blow for the left and a victory for freedom, but it is only the beginning in unmasking a whole series of White House radicals. They may not have been as loud mouth and indiscrete as Van Jones -but that makes them more dangerous, not less. Millions of Americans now have some inkling of what is happening to their country. Now is the time to amp up the pressure and research."Now that Jones has resigned, Loudon says that "the focus needs to go on who hired... more
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dbe928
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added this
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2 years ago
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A Congressional panel grilled five of the world's richest and most powerful hedge fund managers Thursday as lawmakers sought to understand how much blame they could assign the little-understood hedge fund industry for the global economic collapse.
The managers testifying before the House Committee on Oversight and Government Reform included John Paulson, George Soros, Philip Falcone, James Simons and Kenneth Griffin, a group that made on average more than $1 billion in 2007.
Committee Chairman Henry Waxman said his reasons for holding a hearing were twofold: He wanted these men, "some of the most successful and knowledgeable investors in our financial markets," to discuss how to nurse the financial system back to life. And he wanted the committee to examine how hedge funds contributed to the current financial crisis, whether they pose a systemic risk to the financial system, and how best to regulate the industry, which is now subject to very little oversight.
Noting that we are in the worst financial crisis since the 1930s, George Soros told the committee: "The salient feature of the current financial crisis is that it was not caused by some external shock... The crisis was generated by the financial system itself."A Congressional panel grilled five of the world's richest and most powerful hedge... more
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The emergency legislation currently before Congress was ill-conceived – or more accurately, not conceived at all. As Congress tried to improve what Treasury originally requested, an amalgam plan has emerged that consists of Treasury’s original Troubled Asset Relief Programme (Tarp) and a quite different capital infusion programme in which the government invests and stabilises weakened banks and profits from the economy’s eventual improvement. The capital infusion approach will cost tax payers less in future years, and may even make money for them.
Two weeks ago the Treasury did not have a plan ready – that is why it had to ask for total discretion in spending the money. But the general idea was to bring relief to the banking system by relieving banks of their toxic securities and parking them in a government-owned fund so that they would not be dumped on the market at distressed prices. With the value of their investments stabilised, banks would then be able to raise equity capital.
The idea was fraught with difficulties. The toxic securities in question are not homogenous and in any auction process the sellers are liable to dump the dregs on to the government fund. Moreover, the scheme addresses only one half of the underlying problem – the lack of credit availability. It does very little to enable house owners to meet their mortgage obligations and it does not address the foreclosure problem. With house prices not yet at the bottom, if the government bids up the price of mortgage backed securities, the taxpayers are liable to loose; but if the government does not pay up, the banking system does not experience much relief and cannot attract equity capital from the private sector.
A scheme so heavily favouring Wall Street over Main Street was politically unacceptable. It was tweaked by the Democrats, who hold the upper hand, so that it penalises the financial institutions that seek to take advantage of it. The Republicans did not want to be left behind and imposed a requirement that the tendered securities should be insured against loss at the expense of the tendering institution. The rescue package as it is now constituted is an amalgam of multiple approaches. There is now a real danger that the asset purchase programme will not be fully utilised because of the onerous conditions attached to it.
....more....The emergency legislation currently before Congress was ill-conceived – or more... more
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