because nothing is cut and dry.

Sunday, November 1, 2009

why sometimes i think philanthropy is just.plain.fucked.

"TASINI: That’s correct. I mean, the beauty—and I say that ironically—of [hedge fund owners] is...they like when things collapse, because if they made the correct bet against a currency dropping or something happening that’s bad in the economy...they bet that the housing crisis would happen—they actually make a lot of money. And that’s, to me, moral obscenity.

...if you look back at the guys who ran some of the big hedge funds, the Vanguards and the folks who are out there, and they’re still out there, they were really at the core of that kind of collapse, that they were betting against the housing.

GONZALEZ: You even mention George Soros still is benefiting from—

TASINI: Yes, George Soros, who funds many liberal causes. Actually, he goes back to having bet against the English pound, and he made a huge amount of money on currency trading and betting that a currency would drop. And you make an enormous amount of profit if you get the bet right."

[Read the whole Democracy Now! interview with Johnathan Tasini on “The Audacity of Greed: Free Markets, Corporate Thieves and the Looting of America”]

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