Soros: Wall Street's Profits Are "Gifts" From The Government

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First Posted: 10-24-09 12:37 AM   |   Updated: 10-24-09 12:42 AM

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Soros

Reuters:

Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Financial Times.

Read the whole story: Reuters

Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Fina...
Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Fina...
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where are the unemployment benefits we need?

he's right: http://finnanceopinionss.blogspot.com

./

    Reply    Favorite    Flag as abusive Posted 07:53 PM on 10/26/2009
- RomeoMD25 I'm a Fan of RomeoMD25 51 fans permalink

Soros Also Funds this site

    Reply    Favorite    Flag as abusive Posted 06:21 PM on 10/26/2009
- Konnie I'm a Fan of Konnie 19 fans permalink

i'm confused. or maybe i'm not. was soros talking about banks.....­......well yes sir,
there was the money they made.
( less the money they owed ucle sam)
equals = gross profit
(less business expenses and all those outrageous bonus and salaries)
equals = net profit.

did they miss the part about paying back uncle sam? paying back the debt before
you pay yourself..­..........­hmmm. sounds like maybe some bankers need to be fired.
put in jail......­......oh that's right - what they did was legal because the government
they bought and paid for didn't change the laws......­... wasn't
uncle paulson generous to not set an interest rate or a payback date......­..and
cousin timmy has always been so kind......­......isn'­t that special.

    Reply    Favorite    Flag as abusive Posted 03:58 PM on 10/26/2009
- pov I'm a Fan of pov 16 fans permalink

He probably thinks that we should also see him as a gift from God?

    Reply    Favorite    Flag as abusive Posted 11:58 AM on 10/26/2009
- jennylynn I'm a Fan of jennylynn 49 fans permalink

BO's Bailout put to good use.

    Reply    Favorite    Flag as abusive Posted 09:00 AM on 10/26/2009
- Chipher I'm a Fan of Chipher 23 fans permalink
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Translation: Soros has investments in Fed bailed out companies but he's not getting his bahkshish.

    Reply    Favorite    Flag as abusive Posted 02:42 AM on 10/26/2009
- jeanrenoir I'm a Fan of jeanrenoir 112 fans permalink

Good for Soros. Let's hear more from Buffett and Volcker on this, too.

    Reply    Favorite    Flag as abusive Posted 01:07 AM on 10/26/2009
- Trueheart I'm a Fan of Trueheart 45 fans permalink
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The hope of a rapid recovery is misplaced, says Mr. Soros.
Consider the source from whence this remark cometh, and take it seriously.

    Reply    Favorite    Flag as abusive Posted 12:39 AM on 10/26/2009
- 396 I'm a Fan of 396 8 fans permalink
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Somebody please tell me what it takes to stop this ongoing crime.

    Reply    Favorite    Flag as abusive Posted 12:06 AM on 10/26/2009
- Betsie I'm a Fan of Betsie 13 fans permalink
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Only when "We the People" are marching and shouting at the HOMES and OFFICES of our elected officials and the CEO's and bankers will they begin to realize the how ANGRY "We the People" are.

And we are VERY ANGRY... !!!!!!!!!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!!!!!!­!!!!!

    Reply    Favorite    Flag as abusive Posted 06:32 AM on 10/26/2009

Soros once said that he would have given his entire fortune if he could have been certain Bush would not be reelected.

    Reply    Favorite    Flag as abusive Posted 11:10 PM on 10/25/2009
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Mr. Soros, do you have a swimming pool?

    Reply    Favorite    Flag as abusive Posted 10:49 PM on 10/25/2009
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Right on George !
~

    Reply    Favorite    Flag as abusive Posted 09:22 PM on 10/25/2009

George Soros is one of the few rapiers of modern capitalism with a conscience, a moral compass. He sees acutely the damage of financiers­-speculato­rs-insider­s-fraudste­rs to our democracy and to common people in most parts of the world. And he is intrepid and honorable in speaking in public for a new set of policies and procedures in setting a new course for the American Republic. His courage and leadership should be applauded and emulated by all Americans.

    Reply    Favorite    Flag as abusive Posted 08:35 PM on 10/25/2009
- msjimmied I'm a Fan of msjimmied 50 fans permalink
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Absolutely. There has been many times over the years when his giving sent a message. The timing coincides with a period of uncertainty and waning interest on an important issue, and he brings it back to the forefront to give it breathing room. The latest was the development of clean power. A lovely man..deser­ves all the money he earns.

    Reply    Favorite    Flag as abusive Posted 09:11 PM on 10/25/2009
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Georg Soros has a felony conviction in France for insider trading.
His main goal now that he has used the system he castigates to get rich is to get power.
See Wikipedia. A philanthropic heart is not what made him rich. Now he bites the hand that made him rich.

    Reply    Favorite    Flag as abusive Posted 10:50 PM on 10/25/2009
- Lambpie I'm a Fan of Lambpie 3 fans permalink

He should see it, he's one of them. The man about took down Britain and is a criminal in France. Your idea of moral compass and mine aren't the same. He's so rich and powerful he uses it to force governments to do policy he approves of. Think about how scary that would be if he were a republican. I don't think any one person should have such influence.

    Reply    Favorite    Flag as abusive Posted 11:20 PM on 10/25/2009
- Ergon I'm a Fan of Ergon 79 fans permalink
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His currency speculations have caused hardships to millions in third world countries, and his messianic political pretensions only cover the fact he's specualting with the American dollar.

    Reply    Favorite    Flag as abusive Posted 11:29 PM on 10/25/2009

He wasn't the only one doing that and besides if not for certain people in politics and in charge of the various financial systems hadn't done certain things he wouldn't been able to do the currency speculations that got him a billion dollars in one day.

Also he has given six billion away to various NGOs that feed the people in third world countries.

    Reply    Favorite    Flag as abusive Posted 12:50 AM on 10/26/2009
- lillibelle I'm a Fan of lillibelle 61 fans permalink
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Exactly so, Ergon. Fav'd!

    Reply    Favorite    Flag as abusive Posted 09:27 PM on 10/26/2009

Our military needs to be redeployed back home to k street and wall street.

    Reply    Favorite    Flag as abusive Posted 07:26 PM on 10/25/2009
- Mark Litt I'm a Fan of Mark Litt 2 fans permalink
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Gifts are an understatement!! These corrpupt scammers should never have received a bailout for their scandalous behaviour!!!

    Reply    Favorite    Flag as abusive Posted 06:29 PM on 10/25/2009
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