Monday, October 31, 2011

Mr. Greene goes to #OWS

Real estate billionaire Jeff Greene, who enjoys some truly interesting Hollywood friends such as Oliver Stone, Heidi Fleiss, and Mike Tyson, recently got a chance to visit New York City and Occupy Wall Street.

These are some of the things he discovered and commented on: 
"To me Occupy Wall Street is symbolic ... right now it's like a college sit-in"

"It looks like a street fair to me ... people are buying cookies, musicians are singing"

"To me it's much ado about nothing ... they complained about the 1% versus the 99% and how the 1% rules government, and I said that it only takes 51% to put the person you want in office." 

> Undercover Billionaire Forbes: November 7, 2011; p.22

Sunday, October 16, 2011

Mayor Mike Bloomberg: Get off my street!

"I don't appreciate the bashing of all the hard working people who live and work here and pay the taxes that support our city." 

 "The city depends on Wall Street. Let's not forget, those taxes pay our teachers, pay our police officers, pay our firefighters. Those taxes we get from the profits companies and the incomes, they go to pay for this library."

Thursday, October 13, 2011

Raj Raj gets 11-year sentence in fraud case

Raj Rajaratnam sets a record for the longest prison term in U.S. history for insider trading. Raj Rajaratnam, the hedge fund billionaire at the center of one of the largest insider trading cases in history, was sentenced Thursday to 11 years in prison, according to the U.S. attorney’s office in Manhattan.

Saturday, October 8, 2011

George Kaiser: Oil Magnate and Crony Capitalist

The George Kaiser Family Foundation in Tulsa, OK was the largest shareholder in the now-bankrupt solar [waste project] company, Solyndra.

Kaiser, a Harvard MBA, is just another one of those rich oil guys you read about who's latest billionaire brainstorm idea was to put his guilty [oil]  conscience to rest by putting taxpayers on the hook for his pet solar cause. He is famous for saying things like:

"There's never before been more money shoved out the government's door in world history ... And our selfish parochial goal is to get as much for Tulsa and Oklahoma as we possibly can."

Only when George Kaiser speaks of "Tulsa and Oklahoma" - he really means The George Kaiser Family Foundation and crony capitalism.