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A couple of major figures in the world of media and finance are mouthing off and one wonders if somebody is going to do anything about them.
First, George Soros. He's the hedge fund billionaire who answers to no one and uses his wealth in quietly powerful ways to drive the American political marketplace. He funds moveon.org, a left-wing political hit team, and others of similar outlook to the tune of about $4 million. In the campaign of 2004 he donated $27 million to beat Bush and said that the removal of George W. Bush is "the central focus of my life."
So Soros is anti-Bush, anti-Republican, anti-war and until just a day or two ago, he was leading the Democrats around by their various noses. His donation sheet looks like the top to bottom Democratic ticket coast to coast and none have dared cross him.
But he may have finally gone too far, especially for Democrats not on the far, far left fringe. Soros has tried to push Democrats into supporting negotiations with terror groups like Hamas, insisting America force Israel to do just that. Thankfully the left backed away. Barack Obama rebuffed the Soros push, as did other Democrats.
But the quotes from Dems demonstrate Soros' continuing power. "He's a very substantial figure," said Democrat Robert Wexler of Florida. "I respectfully disagree."
I respectfully submit that Democrats will be much better off when they can publicly observe that Soros is unhinged and should be condemned and shunned. Will they? We'll see.
Then there is another financial world big shot who needs to be reined in. This is Jim Cramer and it is NBC and GE which need to do something.
Cramer made this startling admission of what seems like a crime on a Web site recently. He said: "A lot of times when I was short at my hedge fund and I was 'position short,' meaning I needed it down, I would create a level of activity beforehand that could drive the futures. It doesn't take much money."
In fact, in May of '02 a former colleague offered investigators evidence Cramer used CNBC anchors for precisely the purpose of manipulating the market, running a stock up or down depending on whether he'd positioned himself long or shot, betting the stock would go up or down.
The SEC will undoubtedly investigate, but GE should get there first. After the Maria Bartiromo imbroglio mess, does GE need more misbehavior swept under the rug after everyone has already seen it out in the open?
That's My Word.
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