Soros Buys Haliburton
ThumbingMyWay32
Posts: 1,224
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?
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
"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
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Comments
(I just made that up)
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
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.
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
(Seriously, you Democrats have been pooping on this country's metaphorical face lately. It's quite annoying.)
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
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.
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?
to dust i guess,
forgotten and absorbed into the earth below,..
Why is it just the democrats? ALL politicians are hypocrites. It's the nature of the biz. :(
I'll help thumbing out, Kat.
http://blog.foreignpolicy.com/node/3776
"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."
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.
we could tell
I totally agree, it just seems like a bad week for libs.
ha ha ha... Yes, that was a joke.
"What I lack in decorum, I make up for with an absence of tact."
Camden 5-28-06
Washington, D.C. 6-22-08