In response to:

Obama's (Un)American Auto Bailout

Buck O Wrote: Sep 05, 2012 9:22 AM
Hasn't Soros been convicted of a felony in the U.K.?
ResistWeMuch Wrote: Sep 05, 2012 10:32 AM
Not in the UK, but he is widely detested as the "Man Who Broke The Bank of England."

He enriched himself while decimating the lives and living standards of pensioners, as well as many others.
rickmcq Wrote: Sep 05, 2012 9:46 AM

Economist Paul Krugman is critical of Soros' effect on financial markets.

"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi'.
rickmcq Wrote: Sep 05, 2012 9:46 AM
Agreed, Buck. From Wikipedia:

On September 16, 1992, Black Wednesday, Soros' fund sold short more than $10 billion in pounds, profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.

Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound, earning Soros an estimated $1.1 billion. He was dubbed "the man who broke the Bank of England". In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
Buck O Wrote: Sep 05, 2012 9:41 AM
Well, if he wasn't convicted in the U.K., he should have been. He tried to crash their economy.
rickmcq Wrote: Sep 05, 2012 9:37 AM
He was convicted in France in 2005 for insider trading.

CHARLOTTE, N.C. -- Cue "Fanfare for the Common Man" and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the "rescue's" benefits for American workers. UAW President Bob King will sing the savior-in-chief's praises.

But like all of the economic success stories manufactured by the White House, the $85 billion government handout is a big fat farce.

"I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," Obama bragged...