Friday, July 29, 2011

Senator Shelby Calls Soros Hypocrite for Dodging Reforms He Supported

Senator Shelby says Soros hypocrite for reforms dodge - Yahoo! News: "'It appears that Mr. Soros talked up financial reform only to sell it short,' Shelby told Reuters in a statement. 'Don't be surprised to see his fellow Wall Street financiers follow suit. They'll use their political clout and legal muscle to sidestep Dodd-Frank, while their smaller competitors and businesses take the hit.'

By giving back investors' money -- which is a small slice of the roughly $25 billion Soros oversees -- Soros is taking advantage of an exemption in a recently approved SEC rule required by the Dodd-Frank Act."

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