Record fine for Soros 'illegal manipulation of financial markets'

http://www.americanthinker.com/blog/2009/03/record_fine_for_soros_illegal.html

Thomas LifsonThe principle financier of the Democrats, the man whose early support catapulted Obama into the lead for the nomination, the man who made billions from the stock market crash that changed everything in the fall campaign (McCain was in the lead when the crisis hit), has been given a record fine by Hungarian financial authorities. AFP reports:

-Hungary's financial supervisory watchdog announced Friday it had slapped a 1.6-million-euro fine on an investment fund founded by US billionaire George Soros, for manipulating the market.

-The PSzAF said it had fined Soros Fund Management LLC for transactions on the Budapest stock exchange on October 9 that led to a "significant loss in value" of Hungarian OTP bank stocks, which fell in days from 4,000 forint (13.2 euros, 17.86 dollars) to 2,500 forint.

-The PSzAF "is imposing a 489-million-forint fine on Soros Fund Management LLC... for violating the rules regarding the illegal manipulation of financial markets," the supervisory authority said in a statement on its Internet site.

18 Years On and Exxon Still Won't Pay $2.5B for Valdez Oil Spill

And now the Supreme Court has agreed to hear Exxon try to explain why it shouldn't pay.
(Click link here for full story)

The Supreme Court's recent decision to hear ExxonMobil's reasons to void the $2.5 billion punitive award in the Exxon Valdez case hit the town of Cordova, Alaska, hard. This small coastal fishing community -- my hometown -- along with the Alaska Native villages in Prince William Sound have borne the brunt of the largest crude oil spill in America's waters; a spill that took place more than 18 years ago, but one that continues to hold the region hostage.

The second painful blow was the high court's decision to not even hear our reasons why the award should be restored to the full $5 billion that a jury of peers decided was necessary to punish the corporate giant back in 1994.