NY Times: In Debate, Hedge Funds Take Some Hits
Submitted by Michael Nystrom on Fri, 10/12/2007 - 10:13This morning I dialed into the front business page of the NYTimes.com, and what did I see? It was none other than our hero Ron Paul, and a link to a story on the GOP candidates position towards hedge funds. It is a short article, but it does include a small picture. Here are some relevant snips:
Mr. Paul said it represented a “transfer of wealth from the poor and the middle class to the wealthy,” adding that, in the current monetary system, “the money gravitates to the banks and to Wall Street. That’s why you have more billionaires than ever before.”
. . .
Although hedge funds took a few hits Tuesday night, they got a big cheer from Mr. Giuliani, the former mayor of New York City. Asked about the same “hedge-fund bonanza” as Mr. Paul, he was unwavering in his enthusiasm: Mr. Giuliani responded by calling the free market a “wonderful thing,” adding that “the free market is the asset that has allowed us to — the sky’s the limit.”
I'm reading Giuliani's mind
I'm reading Giuliani's mind here when he heard that question about "hedge fund bonanza":
Hedge funds, yeah, that sh1t is making me a rich son of a b1tch! Gotta say everything is just fine as they are. Ehm, funds goes together with words like market, asset... I'll namedrop those things in the same sentence to show that I'm competent.
And then it came out:
Mr. Giuliani responded by calling the free market a “wonderful thing,” adding that “the free market is the asset that has allowed us to — the sky’s the limit.”
(Actually, that looks like a sentence that Bush could've formulated...)
Americans take note!
This should tell the American people all they need to know about the phony political system and the Oligarchs who control our lives.
quote from the story:
"Paul Tudor Jones II, the billionaire hedge fund executive, used his home in Greenwich, Conn., to hold a fund-raiser for Barack Obama, while also giving the maximum amount to two Republicans, Rudolph W. Giuliani and Mitt Romney."
Washington doesn't need more lawyers.
It needs a doctor!
Dr. Ron Paul *** RX for Freedom