Hedge Fund Millionaire Trashes 99%

A super-rich hedge fund manager and Republican activist is not only trashing the 99%, but investing considerable resources into having others trash the 99% as well.  This is a crystal clear indication that Banksters, corporate criminals and the Republican Party are scared to death of what they see in the streets of America.

…As the New York Times has documented, Paul Singer, a Republican activist and hedge fund manager worth over $900 million, has emerged as one of the most important power brokers within the GOP. Now, it appears that the reporters financed by Singer are at the forefront of efforts to tarnish the reputation of 99 Percent Movement demonstrators:

Journalist Who Admitted To Infiltrating Protests To ‘Mock And Undermine’ The Movement Works For A Singer-Supported Right-Wing Magazine. In a column posted last night, reporter Patrick Howley admitted that he had surreptitiously joined an anti-war spin-off group from the OccupyDC protests that planned to demonstrate at a military drone exhibit at the Smithsonian’s Air and Space museum. Howley wrote that he “infiltrated” the action and sprinted into the police along with a few protesters in order to “mock and undermine” the movement. Singer is a major donor to the Spectator, a right-wing magazine known for its role in the “Arkansas Project,” a well-funded effort to invent stories with the goal of eventually impeaching President Clinton.

Journalist Pushing To Discredit Occupy Wall Street Is Funded By Singer’s Think Tank. Josh Barro, a journalist who has attacked the 99 Percent Movement in the National Review [Extremists delinked] and the New York Daily News, draws a salary [Republican financiers delinked] from the Wriston Fellowship at the Manhattan Institute, a big business advocacy think tank in New York. Barro makes the same tired arguments, that anti-Wall Street protesters are too inarticulate and “extreme” to be taken seriously. Singer is the chairman [Republican financiers delinked] of the Manhattan Institute, and even oversees the Wriston annual fundraiser.

As Singer-funded journalists make their best effort to diminish the Occupy Wall Street protesters as confused idiots unable to articulate a clear goal, it so happens that these journalists are funded by a man who epitomizes the crony capitalist behavior of the greedy one percent.

Singer, manager of a $17 billion hedge fund, earned the moniker “vulture capitalist” for buying the debt of Third World countries for pennies on the dollar, then using his political and legal connections to extract massive judgements to force collection — even from nations suffering from starvation and violent conflicts. Singer and his partners have used such tactics in Panama, Ecuador, Poland, Cote d’Ivoire, Turkmenistan, and the Democratic Republic of Congo. In addition to squeezing impoverished countries with sovereign debt schemes, Singer speculates in the oil markets, a practice which can lead to gasoline price hikes here in the United States. The revelation that Singer engages in oil speculation, and also funds Republican lawmakers opposed to oil speculation regulations, was exposed by ThinkProgress using leaked government documents…[emphasis original]

Inserted from <Nation of Change>

On a scale of one to ten, this guy personifies villain.

To confirm  his loyalties, I did a little digging top discover where he donates his money.  His beneficiaries include:Michigan Republican Party, John Kasich, Eric Cantor, Marco Rubio, Sharon Angle, Scott Brown, the RNC, and more.  You won’t find Democrats on that list.  These are a year out of date, but I have no specifics for 2011.

This is who Republicans represent.