Remember when The Blaze reported that George Soros’ family fund bought $2 billion worth of MF Global’s European bonds?
At the time we reported:
…When MF Global filed for bankruptcy, the firm sold part of the bonds but still had about $4.8 billion worth of them on its books, CNBC reports.
They were turned over to KPMG, MF Global’s bankruptcy administrator in London; they were then offered to big investors by MF Global’s London clearing house, LCH Clearnet, the Journal said, quoting a KPMG spokeswoman.
When KPMG offered the bankrupts firm’s European debt to a variety of big investors, most of them passed. However, they were able to find one investor willing to buy the bonds at rock-bottom prices: George Soros.
A spokesman for Soros declined to give details about the company’s positions and why it decided to buy the bonds.
“While our firm is always in the market, we have a policy of not disclosing details of our positions,” the spokesman told the Wall Street Journal.
The Blaze also noted that his purchase of European debt seemed odd, considering that earlier he said that European debt crisis is putting the global financial system in a ”self-reinforcing process of disintegration.”
Now it’s being reported that he stands to profit quite a bit from the purchase.
The Wall Street Journal reports the discount Soros got and the current size of his paper profits:
Big deal. So funny to see the loony right complaining about Soros who is small potatoes compared to the Koch Brothers who are deliberate out to destroy the middle class.
Let me guess, since MF Global scammed so many farmers, the gubment will bail out MF Global and Georgie Porgie will benefit.
Soros plays both sides and gets away with it.
In CNN’s “Exclusive: Inside the offices of Occupy Wall Street,” we meet activist Han Shan, whose activist resume is quite impressive; he:
We also learned that these Soros front organizations are involved with and are funding Occupy:
Adbusters (a Publication Funded by Tides)
The Ruckus Society (Funded by Tides)
The Open Society Institute (Soros’ own group)
Moveon.org (Funded by Tides)
The Tides Foundation (One of the most prominent Tides donors is Soros)
CORXINE SAID he doesn’t know where the billions went,
it might be in the GOVERNEMENT ‘S pocket, with SORO’S BEING the GODFATHER of OBAMA,
by the way, did the OBAMA’S FRIENDS GOLDEN SASH, found the GADAFI’S BILLIONS, they told him where gone to bad investments, when he request his money back to fight the insurection in LIBYA, just before OBAMA TOLD HIM TO GO,
@liberalmann:
Whoa there…Soros dumps $550 million into the left-wing machine…amounting to 27% of the total donations, etc. — which totally dwarfs anything the Koch’s ever have done — and you want to waggle your little finger?
Give
Me
A
Break
Put the Koch boogeymen away already and take a harder look at your own side of the house before jumping the hypocrite shark.