Showing posts with label George Soros. Show all posts
Showing posts with label George Soros. Show all posts

Monday, February 1, 2016

George Soros ponies up $6 million to elect Hillary Clinton...

Birds of a feather...

Via The Hill:
Billionaire George Soros contributed $6 million to a super-PAC supporting Hillary Clinton last month, according to the committee’s latest financial statement.
The investor has now contributed a total of $7 million in this election cycle to Priorities USA Action, which raised $41 million on behalf of Clinton in 2015.
In the last 6 months, the super-PAC raised $25.3 million, meaning that Soros’s contribution accounted for almost a quarter of its fundraising haul.
Also making large contributions to the committee in 2015 were media mogul Haim Saban and his wife Cheryl, who gave a total of $5 million, philanthropist Laure Woods, who gave $2.3 million, and investor Donald Sussman, who contributed $2.5 million.
This group, along with Soros, accounted for two-fifths of Priorities total fundraising in 2015. Keep on reading…

Saturday, June 6, 2015

Guess who is bankrolling many of those voting rights lawsuits...

If you guessed George Soros, you win. 

Via NY Times:
A Democratic legal fight against restrictive voting laws enacted in recent years by Republican-controlled state governments is being largely paid for by a single liberal benefactor: the billionaire philanthropist George Soros.
Mr. Soros, the Hungarian-born investor whose first major involvement in American politics was a voter-mobilization drive in the 2004 presidential race, has yet to commit the many millions of dollars that Hillary Rodham Clinton’s allies hope he and other like-minded billionaires will pour into the “super PAC” directly aiding her campaign.
But it turns out that Mr. Soros has already agreed to put as much as $5 million into the litigation effort, which Democrats hope will erode restrictions on voter access that they say could otherwise prove decisive in a close election.
Keep on reading…

Thursday, April 30, 2015

Interesting: George Soros may owe a tax bill of $6.7 billion after gaming the system for years

I would be surprised if he ever pays up. Liberals are above the rules. Soros will likely find another loophole. 

Via Bloomberg:
George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.
Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore. Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion. That calculation is based on publicly available information such as the Irish regulatory filings, which provide only a partial glimpse into Soros’s finances. Read it all and see all the tax games Soros has played.

Monday, August 18, 2014

Wonderful: Group behind Rick Perry's indictment is heavily funded by...George Soros...

I am shocked. (snark)

Via MRC:
Sometimes it seems like there isn’t a single political issue that a Soros-funded group isn’t involved in. Texans for Public Justice, one of the groups behind Rick Perry’s indictment charges, is part of a “progressive” coalition that has received $500,000 from liberal billionaire George Soros. 
Rick Perry was indicted by a Texas grand jury for vetoing funding for the state’s public integrity unit, unless the lead prosecutor resigned following her drunk driving arrest. Since the news of Perry’s indictment charge broke on Aug. 15, none of the network morning or evening news broadcasts have mentioned the Soros connection, or mentioned Texans for Public Justice at all. 
According to KXAN, a local NBC affiliate in Austin, Texans for Public Justice filed a complaint against Perry in court last June
According to an Open Society Institute press release, OSI has given $500,000 to help form a coalition that “could change the way the progressive community engages public policy in Texas.” Besides Texans for Public Justice, this coalition includes Texans Together, the Sierra Club, Texas Legal Services, La Fe Policy Research and Education Center, Public Citizen, and the Center for Public Policy. 

Tuesday, June 4, 2013

George Soros is now funding Gov. Chris Christie's re-election campaign...


Gov. Chris Christie's best hope in 2016 mis to run as a Democrat against Hillary Clinton...
TRENTON — Gov. Chris Christie is cashing in donations from top Democratic fundraisers and other traditionally liberal donors across the country, even nabbing the support of a handful of rainmakers aligned with President Obama and Chicago Mayor Rahm Emanuel, a Star-Ledger review of state and federal records shows.
The checks are flying into the Republican governor’s war chest from all sorts of unlikely places — the hedge fund run by liberal billionaire George Soros, for example, and the politically progressive halls of the University of California, Berkeley.
The nascent support from Democratic donors is an early sign of Christie’s fundraising prowess in a potential run for the White House in 2016, experts and Democratic donors said, and dovetails with recent polls showing him gaining popularity nationally among Democrats and independents.
Christie’s partnership with New Jersey Democratic leaders and his warm relationship with Obama after Hurricane Sandy could be enticing donors who don’t often give to GOP candidates, even if they are closer ideologically to Democrat Barbara Buono, Christie’s lesser-known challenger, political scientists and Democratic fundraisers say.

Tuesday, May 8, 2012

Desperation: George Soros and big liberals preparing to pump Obama's re-election up with $100 million in cash

In case you haven't noticed, President Obama's re-election is looking unlikely. He has no accomplishments.  Race, class and gender warfare aren't selling. Voters are in a foul mood over the economy and there is a worldwide "throw the incumbent out" movement going on. I know the polls show it is close now and Obama has the mainstream media in his pocket, but Obama is under 50% and the undecided will break heavily for Romney. History has proven this to be true. You can practically smell the fear coming from Team Obama and liberals.
(New York Times) — After months on the sidelines, major liberal donors including the financier George Soros are preparing to inject up to $100 million into independent groups to aid Democrats’ chances this fall. But instead of going head to head with the conservative “super PACs” and outside groups that have flooded the presidential and Congressional campaigns with negative advertising, the donors are focusing on grass-roots organizing, voter registration and Democratic turnout.

The departure from the conservatives’ approach, which helped Republicans wrest control of the House in 2010, partly reflects liberal donors’ objections to the Supreme Court’sCitizens United decision, which paved the way for super PACs and unbridled campaign spending.

But in interviews, donors and strategists involved in the effort said they also did not believe they could match advertising spending by leading conservative groups likeAmerican Crossroads and Americans for Prosperity, and instead wanted to exploit what they see as the Democrats’ advantage in grass-roots organizing.

Monday, March 12, 2012

George Soros' five-decades-younger ex-girlfriend is suing because he failed to deliver the goods



In this case, 'the goods' was a $1.9 million Manhattan apartment. With all the money Soros has, she should be insulted by the offer to settle her lawsuit for a measly $250,000.

Billionaire George Soros was so eager to stop his ex-gal pal from filing a lawsuit, he offered her cousin $250,000 to persuade her to drop the case, the Daily News has learned.

The cousin says the offer was a bribe; Soros’ lawyer says it was merely an attempt to settle the dispute.

Former Brazilian soap star Adriana Ferreyr, 31, sued Soros, 81, in August after he reneged on a promise to buy her a $1.9 million Manhattan apartment.

The $50 million suit also contained claims of emotional torture, harassment and violence — all denied by the twice-divorced Soros.

When she threatened to take him to court, Soros went to her cousin Mauricio Carneiro, a lawyer, with a cash offer.

“Pursuant to your conversation with George Soros . . . I understand you may wish to be helpful with the situation,” the billionaire’s lawyer William Zabel wrote to Carneiro in an email seen by The News.

Monday, August 8, 2011

Did George Soros Bet Almost a Billion U.S. Credit Would Be Downgraded?


Rumors are flying....

(Daily Mail) — A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.
Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market.
There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.
He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News.
Now the investor’s gamble seems to have paid off after Standard and Poor’s issued a credit rating downgrade from AAA to AA+ last Friday.
Whoever it is stands to earn a 1,000 per cent return on their money, with the expectation that interest rates will be going up after the downgrade.

Wednesday, July 27, 2011

George Soros doesn't want you to know his secrets


Instead of complying with the new reporting requirements under the Dodd Frank reform act, George Soros seems to be packing up his hedge fund and going home.
George Soros, the billionaire hedge-fund manager and philanthropist best known for breaking the Bank of England in 1992, will return capital to investors in order to avoid reporting requirements under the Dodd Frank reform act.
Soros will return money to investors by the end of the year, Bloomberg reported Tuesday, citing two people briefed on the matter. Soros Fund Management will focus on managing assets for his family, according to a letter to the firm’s investors. Soros will turn 81 on August 12.
… The reason? Under new requirements from the Dodd Frank act, hedge funds are required to register with the Securities and Exchange Commission by March 2012 if the fund continues to manage more than $150 million in assets for outside investors. The new requirements would call for funds to report information about the assets they manage, potential conflicts of interest, and information on investors and employees. The act allows an exemption for what the Commission considers “family office” advisers.

Thursday, November 4, 2010

Liberal Heartache: George Soros Sure Wasted a Lot of Money on This Election


A million dollars of George Soros money went 'up in smoke' when the California pot initiative failed. That wasn't Soros only failure of the night.

Billionaire investor George Soros, who’s known as the Democrats biggest backer, had a bad Tuesday night...

Soros also donated at least $1 million toward the campaign to legalize marijuana in California — which failed.

He also funded the Secretary of State Project — which failed ...

Read more here.

Monday, October 11, 2010

George Soros on Upcoming Republican Electoral Gains: "I don’t believe in standing in the way of an avalanche.”


George Soros didn't become a billionaire manipulating playing market fluctuations without discerning an unstoppable trend.

The NY Times reported:
Mr. Soros, a champion of liberal causes, has been directing his money to groups that work on health care and the environment, rather than electoral politics. Asked if the prospect of Republican control of one or both houses of Congress concerned him, he said: “It does, because I think they are pushing the wrong policies, but I’m not in a position to stop it. I don’t believe in standing in the way of an avalanche.”

Thursday, August 20, 2009

"Drill, baby, drill," as long as it's Brazil


President Obama opposes drilling for oil in the US. However, he is willing to loan billions to Brazil for offshore drilling. Perhaps the fact Obama's friend George Soros will make money off the deal helped change his opinion.

From Townhall:
The Obama administration is financing offshore drilling off the coast of Brazil. According to the Wall Street Journal,

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.