A Soros/Holder Head Fake?

Joy Tiz

©2010

How did Republicans get saddled with Wall Street? Obama just got the biggest campaign haul from Wall Street in world history, and Republicans still can’t shake the public perception that they are tied at the hip to Wall Street bankers who hate them.

-Ann Coulter

 So beholden to the potentates of Wall Street is Obama that Ed Lasky at the American Thinker calls Obama the Hedge Fund Candidate . One hedge funder in particular has a special interest in the Obama administration:

“George Soros-hedge fund pioneer and titan-was early in his support. As emperor of a range of 527 groups, he has wielded his influence to help his largest political investment to date: Barack Obama.”

The unrepentant Nazi collaborator has long been the patron saint of the unhinged Left; but, Obama was selected for his most special benevolence.

For a guy who prefers to stay behind the curtain, Soros has been uncharacteristically garrulous lately.  He just publicly spanked his jackal for his failure to follow orders:

Soros carped that the government should have taken over U.S. banks rather than bailing them out.  He also asserted  that the American people would have been happier if the federal government had socialized the entire banking system.  

Obama’s boss hasn’t made any secret of his latest  plans to tank the Euro :

Currency ravaging is one of the Nazi collaborator’s specialties, having worked his alchemy on the British pound in the 1990s.

“Some heavyweight hedge funds have launched large bearish bets against the euro in moves that are reminiscent of the trading action at the height of the U.S. financial crisis.

 “The big bets are emerging amid gatherings such as an exclusive ‘idea dinner ’earlier this month that included hedge-fund titans SAC Capital Advisors LP and Soros Fund Management LLC. During the dinner, hosted by a boutique investment bank at a private townhouse in Manhattan, a small group of all-star hedge-fund managers argued that the euro is likely to fall to ‘parity’ — or equal on an exchange basis — with the dollar, people close to the situation say. “

Suddenly, the Justice Department is looking into whether hedge funds colluded to drive down the value of the Euro: 

“The Justice Department asked hedge funds, including SAC Capital Advisors LP, Greenlight capital Inc., Soros Fund Management LLC and Paulson & Co., to keep all trading records tied to euro trading, according to the report which cited unidentified people familiar with the matter.”

“The investigation is likely to determine if the hedge funds coordinated their bets that the euro would fall. However, proving such cases is hard because investigators must show the hedge funds intentionally sought to act together, the newspaper said.”

The Wall Street Journal is reporting that some of the hedge funds were betting the Euro would drop to parity with the U.S. dollar, meaning a 27 percent loss in value.

It would be pure folly to presume that Eric Holder’s Justice Department has had a crisis of conscience.  In fact, Holder’s terrorist-friendly policies are a perfect fit for Soros, who has long believed that we Americans made way too big of a fuss about 9/11.  The billionaire donated heavily to the defense fund for radical lawyer Lynne Stewart.  Stewart was disbarred and convicted of charges that she let a Muslim extremist client communicate with followers while serving a life prison sentence for plotting with others to blow up New York City landmarks even though she had signed papers pledging that she would not allow him to do so. 

The notion of Democrats punishing their Wall Street benefactors is pretty fanciful, as Ann Coulter points out:  “The Democrats are acting as if they want to punish everyone in the financial services industry, including the innocent, while the Republicans seem to want to protect everyone on Wall Street, including the guilty.”

“How about just punishing the guilty? The Democrats can’t do that because the list of Wall Street’s biggest offenders may turn out to be eerily similar to the list of Obama’s biggest campaign contributors.” 

Was Soros’ recent criticism of Obama an attempt to pretend there is some daylight between them and that Obama isn’t actually a mere puppet?  The DOJ’ sudden curiosity in about Soros’ mischief is worth watching.