Thursday, October 13, 2011

Occupy Wall Street Flush With Cash (But Not From Soros)

Perhaps the most surprising thing about Occupy Wall Street is that it is a financial success. In just four weeks since the protest began, it has raised well over $200,000 and collected far more than that in donated food and clothing writes John Carney of CNBC fame.

There has been a lot of speculation who might be financing the protests. One person sometimes signaled out is George Soros, the well-known hedge fund manager who has used his bank-account to fund progressive causes quite a few times.

Soros no doubt supports many of the sentiments of the Occupy Wall Streeters. But there doesn’t seem to be much of direct connection. A Reuters investigation found only the most tenuous connection.

Soros has given money to something called the Tides Center, which is a big central clearing house for leftist funding. People donate to Tides, and Tides acts as a fiscal sponsor and donor to various smaller groups....

Check out http://www.cnbc.com/id/44892333

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