Billionaire George Soros warms up to coal as stock prices hit bottom | Fox News

This man clearly represents a threat to the poor…but nice work if you can get it

NOT A LOT OF PEOPLE KNOW THAT

As I noted a couple of days ago, George Soros seems to have forgotten about the evils of coal and is busy buying up large chunks of the US coal industry, currently at nead bankrupt prices thanks to Obama’s policies.

Fox News reports:

Billionaire investor George Soros, who has demonized fossil fuels for years through his think tanks and political contributions, seems to have warmed up to Big Coal now that stocks are dirt cheap.

The left-wing hedge fund legend has raised eyebrows with major purchases of stock in two large coal companies, firms his critics say he helped bring to their knees. While buying low is the hallmark of any shrewd investor, buying coal goes against the political and environmental ideology Soros has long espoused.

“I find it very interesting that George Soros would buy shares in those coal companies,” said Daniel Simmons, vice president for Policy at the…

View original post 212 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s