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The principle
financier of the Democrats, the man whose early support catapulted
Obama into the lead for the nomination, the man who made billions from
the stock market crash that changed everything in the fall campaign
(McCain was in the lead when the crisis hit), has been given a record
fine by Hungarian financial authorities. AFP reports:
Hungary's financial supervisory watchdog announced
Friday it had slapped a 1.6-million-euro fine on an investment fund
founded by US billionaire George Soros, for manipulating the market.
The PSzAF said it had fined Soros Fund Management
LLC for transactions on the Budapest stock exchange on October 9 that
led to a "significant loss in value" of Hungarian OTP bank stocks,
which fell in days from 4,000 forint (13.2 euros, 17.86 dollars) to
2,500 forint.
The PSzAF "is imposing a 489-million-forint fine on
Soros Fund Management LLC... for violating the rules regarding the
illegal manipulation of financial markets," the supervisory authority
said in a statement on its Internet site.
This is not the first time Soros has been fined for illegal market
manipulation. That he is the most significant financial backer of the
American left should serve as a clarion call to Americans. Do not trust
this man.
Thomas
Lifson - American Thinker
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