Soros Buys Haliburton

ThumbingMyWay32ThumbingMyWay32 Posts: 1,224
edited March 2007 in A Moving Train
Tue, 02/27/2007 - 3:22pm.

Normally, I'm willing to overlook the hypocrisy of the liberal elite. If Al Gore and his Hollywood cronies want to fly around on gas-guzzling, atmosphere-polluting private jets while railing against global climate change, I'm willing to overlook it.

But the latest move by globe trotting, hyper-liberal billionaire George Soros borders on being too much. According to papers filed with the SEC, in the fourth quarter of 2006 Soros purchased nearly 2 million shares of ... hold your breath ... Halliburton. The Halliburton shares reportedly went for an average purchase price of $31.30 a share. That puts Soros' total investment in Halliburton at around $62.6 million, or about 2 percent of his total portfolio.

Soros, of course, is the dean of Democratic money giving. And Halliburton, of course, is the company that embodies everything the Democrats see as evil. Dick Cheney is its former chief, for goodness' sake. But Soros is also a man of contradictions. He supported campaign finance reform for years, only to declare that defeating President George W. Bush was the "central focus" of his life. To prove it, he sunk $24 million of his own "soft" money into the 2004 campaign, helping make that election one of the most divisive in modern history.

Soros' position in Halliburton is reported to be his first, which means he bought it with a full understanding of Halliburton's reputation. Soros may not see a problem with profiting from a company that has been accused of everything from sweatheart deals to cooking the books to serving U.S. troops lousy food in Iraq. The real question, however, is whether MoveOn.org, the Center for American Progress, and other organizations that have benefitted from Soros' charity will see a problem with accepting money earned off Halliburton shares?
"Sarcasm: intellect on the offensive"

"What I lack in decorum, I make up for with an absence of tact."

Camden 5-28-06
Washington, D.C. 6-22-08
Post edited by Unknown User on

Comments

  • jlew24asujlew24asu Posts: 10,118
    wow thats fairly shocking. or just a wise investment
  • Pacomc79Pacomc79 Posts: 9,404
    smart investment, I wonder if he can get them to deliver on thier contracts.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • know1know1 Posts: 6,794
    Sometimes money trumps peace


    (I just made that up)
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • blackredyellowblackredyellow Posts: 5,889
    I really don't know anything about Soros, except that he spent a lot of money on democrats last time around...

    a couple thoughts that came into my mind when I read that:
    1) Maybe he's just trying to make money - it's not like making a shitload of money is a foreign idea to him, with that kind of wealth he seems to be a smart investor.

    or

    2) Maybe as a large share holder he will use that leverage to try to make some changes withing the company.

    I don't know, and quite honestly, I don't really care.
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • Alex_CoeAlex_Coe Posts: 762
    LOL we suck. I guess I'm going to have to go Libertarian.

    (Seriously, you Democrats have been pooping on this country's metaphorical face lately. It's quite annoying.)
  • KatKat Posts: 4,931
    Good idea (required) to list the source of news and/or blog entries, please....

    I'm thinking:
    How good will that investment be when the congressional investigations of that company are underway?

    Companies are supposed to listen to your input when you're a stockholder with voting rights.

    It'll be interesting to see how this turns out.

    Love,
    Kat
    Falling down,...not staying down
  • normnorm Posts: 31,146
    Change comes from within.
  • Is it just me or has Democratic hypocrisy just been out of control as of late?

    Al Gore telling everyone to grab their life jackets because of global warming, yet his home uses more energy in a month then the average American home uses in a year.

    Pelosi and the Dems putting William Jefferson on the Homeland security panel, while he is going through a federal probe on bribery charges. Way to make this the cleanest Congress in history Madame Speaker.

    And now George Soros buying into Halliburton. That's a nice trifecta.
  • Kat wrote:
    Good idea (required) to list the source of news and/or blog entries, please....

    I'm thinking:
    How good will that investment be when the congressional investigations of that company are underway?

    Companies are supposed to listen to your input when you're a stockholder with voting rights.

    It'll be interesting to see how this turns out.

    Love,
    Kat


    interesting, yes,...

    perhaps obama will take soros for his running-mate, then the US VP will be a haliburton mole for another 8yrs,.. thus finalizing america's transition into an undetectable oligarchy.

    am i dreaming?
    we don’t know just where our bones will rest,
    to dust i guess,
    forgotten and absorbed into the earth below,..
  • normnorm Posts: 31,146
    Is it just me or has Democratic hypocrisy just been out of control as of late?

    Al Gore telling everyone to grab their life jackets because of global warming, yet his home uses more energy in a month then the average American home uses in a year.

    Pelosi and the Dems putting William Jefferson on the Homeland security panel, while he is going through a federal probe on bribery charges. Way to make this the cleanest Congress in history Madame Speaker.

    And now George Soros buying into Halliburton. That's a nice trifecta.

    Why is it just the democrats? ALL politicians are hypocrites. It's the nature of the biz. :(
  • normnorm Posts: 31,146
    Kat wrote:
    Good idea (required) to list the source of news and/or blog entries, please....

    I'll help thumbing out, Kat.

    http://blog.foreignpolicy.com/node/3776
  • What else could be expected from a man who once said this, in a critique of the very system that made him super-rich:

    "As an anonymous participant in financial markets I never had to weigh social consequences of my actions, but I felt justified in ignoring them because I was playing by the rules."
  • Pacomc79Pacomc79 Posts: 9,404
    Kat wrote:
    Good idea (required) to list the source of news and/or blog entries, please....

    I'm thinking:
    How good will that investment be when the congressional investigations of that company are underway?

    Companies are supposed to listen to your input when you're a stockholder with voting rights.

    It'll be interesting to see how this turns out.

    Love,
    Kat


    Soros being a big contributor to the very people in charge of investigating helps the company out quite a bit especially when he lets them in on "sweeping changes" they will be making. This is likely the perfect time for him to get involved because this could be part of making that company perform better without a lot of government red tape and oversite which only really makes the people at the bottom do more paperwork. You scratch our back we'll scratch yours kind of thing. It certainly helps the image of that company in this political climate. :D Cheers K. Good to hear from you.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • dunkmandunkman Posts: 19,646
    know1 wrote:
    Sometimes money trumps peace


    (I just made that up)


    we could tell ;)
    oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
  • cutback wrote:
    Why is it just the democrats? ALL politicians are hypocrites. It's the nature of the biz. :(

    I totally agree, it just seems like a bad week for libs.
  • I thought me starting this thread would be source enough. :D


    ha ha ha... Yes, that was a joke.
    "Sarcasm: intellect on the offensive"

    "What I lack in decorum, I make up for with an absence of tact."

    Camden 5-28-06
    Washington, D.C. 6-22-08
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