NLPC Is Right About Soros’ Business Ethics, Again

AFP reported on March 27:

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.

Soros and NLPC President Peter Flaherty have clashed over Soros’ business ethics. During October 2004, Soros undertook a pro-John Kerry media and speaking tour. NLPC trailed Soros with its own “Soros Truth Squad.”

In Harrisburg, Pennsylvania on October 21, Flaherty asked Soros how he could come to Pennsylvania, “where corporate scandals have cost people their jobs,” to tell working people how to vote in light of his conviction for insider trading in France.

Soros denied that he was convicted, and instead attacked NLPC as “Orwellian.” Flaherty followed up by asking why Soros had been fined $2 million, if he had not been convicted. Soros claimed he had not been fined.

Soros apparently misled the media and the audience of … Read More ➡

The Blagojevich Corrupt Sausage Factory

Welcome to IL billboardPajamasMedia.com has published an opinion piece by NLPC Chairman Ken Boehm, which asserts,

Simply put, Governor Blagojevich became a golden goose of opportunity for well-connected businessmen in the state who were apparently willing to “buy” the governor’s unwavering personal attention for their pet legislative causes.  And while Patrick Quinn, Illinois’ new governor, remarked last week that “everybody knows we’ve had a tough eight weeks, but it’s over,” it’s not.  Springfield must now work overtime to unravel the mess the ex-governor and his well-connected business friends created, or Illinois will rightly deserve its reputation as the most corrupt state in the country.

On February 2, NLPC released an in-depth analysis of financial contributions made to Blagojevich’s campaigns from horse race track owner John Johnston and other Johnston-owned or affiliated interests. The analysis demonstrated that previous accounts of Johnston contributions to Blagojevich by the Wall Street Journal and other publications greatly … Read More ➡

Rangel Wants 90% Tax Rate for Wall Street; 0% for Himself

Rep. Charles Rangel (D-NY) would seem an unlikely point man for the legislation passed by the House yesterday imposing a 90% tax on any bonuses given to employees with family incomes of more than $250,000 at firms that received more than $5 billion in bailout funds.

As exposed by NLPC, Rangel failed to pay federal income tax on rent received from his beachfront home in the Dominican Republic, and cheated on his D.C. property tax by improperly claiming a homestead exemption. Also, Rangel led a Citigroup-funded Caribbean junket last November that violated House rules.

After the 328-93 vote, the indignant Rangel warned,  “Don’t dare try to take a bonus and get away with it.”

In a CNBC interview, Rangel was challenged on his moral authority to lead the floor fight for the bill. Strangely, Rangel seemed to deny the “false” reports about his own tax evasion, even though he admitted … Read More ➡

Where Was Congress on Bonuses in 2004?

obama/rainesNLPC issued a press release on December 29, 2004 that began:

Peter Flaherty today expressed surprise and disgust at the current attempt by fired Fannie Mae Chairman and CEO Franklin Raines to walk away with millions of dollars despite his central role in the accounting scandal rocking the company.

According to Flaherty, “At the time, I remember having very little luck in drumming up interest in this issue. I was a guest on a couple of local radio shows, but that was it. I made a round of calls to Capitol Hill but nobody wanted to do anything.”

The release continued:

Flaherty said, “Let me get this straight. Raines apparently cooks the books, brings disgrace to the company, and imperils Fannie Mae’s standing with regulators, the Congress and administration. So for his punishment he is made wealthy for the rest of his life?”

According to a December 27 Form 8-K

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