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    Stuffed

    Stuffed

    Things I could not fit into separate posts:

    • Self-described liberal law professor says Elena Kagan should recuse herself from Obamacare case, but ends with “Now, as to Justice Thomas …”  Concern troll?
    • Something so important about Newt it occupies reporters’ time.  Something actually important.
    • Sometimes I lose sight of the fact that there is something about which Jennifer Rubin and I agree.
    • Republicans in the House roll out their own payroll tax plan, expect Harry Reid to use it as kindling.
    • Someone figured out Obama’s veto threat has helped John Boehner.
    • Eric Holder was grilled today — I didn’t get to watch it.  Anyone have suggested links for a good, fair and balanced summary of what happened?
    • I simply don’t know where the money is
    • I recommend Elect Ad blog, which features a variety of election ads from various candidates, including the video below by Jon Huntsman going after Romney (video here at link).
    • What else?

    Update: A Romney Super PAC has launched an anti-Newt ad. Will it work for Romney to call Newt a flip-flopper, and can Romney help himself by attacking without being able to make the case for himself? I don’t think so, this ad says “loser” all over it, and I don’t mean Newt: (really strange, between the time I grabbed the embed code and the time I hit “update” to the post, the video was pulled at YouTube. Wonder why? — Too late, I still had it on my screen and was able to download it! I’ll post it when I figure out how.)

    Here it is:

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    Comments



     
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    beloved2 | December 9, 2011 at 1:37 pm

    …”Eric Holder was grilled today — I didn’t get to watch it. Anyone have suggested links for a good, fair and balanced summary of what happened?…”

    Jay Sekulow, founder of the American Center for Law and Justice, has posted his 8:33 minute interview with Fox at http://aclj.org/
    Mr. Sekulow has argued many cases before the Supreme Court. Well worth your time, there are also articles and radio discussion about Holder and Fast and Furious at that site.

    “I simply don’t know where the money is”

    The Wall Street Journal is reporting that George Soros may have “located” it. [The article requires a subscription to read it its entirety.]

    Corzine’s Loss May Be Soros’s Gain
    Investor Places Big Bet on Euro Debt, Buying MF Global Former Holdings

    BY GREGORY ZUCKERMAN AND DANA CIMILLUCA

    Investor George Soros’s family fund bought about $2 billion of European bonds formerly owned by MF Global Holdings Ltd., the very debt that helped force the securities firm to file for bankruptcy protection Oct. 31, according to people close to the matter.

    Under the direction of MF Global’s former chief executive, Jon S. Corzine, the firm accumulated $6.3 billion of short-term debt issued by various European nations, mostly from Italy, in a bid to boost trading profits. Over the summer, this debt led to nervousness by investors, regulators and ratings companies, resulting in the firm’s collapse just over a month …

    MF Global moved about one and a half billion of those debt holdings before the bankruptcy declaration, but their remaining debt holdings amounted to about $4.8 billion, which holdings were put in the hands of MF Global’s bankruptcy administrator.

    Though some other investors eschewed the opportunity of picking up the debt, Soros moved resources into position to be able to write a check for about $2 billion of MF Global bonds at “below market price” at the time. Others invested in the MF Global bonds as well, according to the story.

    The gist seems to be that Soros, through his “family office,” may well have timed their buy right and are profiting, as evidenced most recently, for example, by the fact that the yield on Italian debt has fallen below 6%.


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