Monday, August 16, 2010

UK Telegraph-Sour Wall $treet Billionaire Likens Pres. Obama to Hitler

President Obama Wall Street Fatcat Steven Schwarzman: EPA and The Blackstone Group
(Story reported by James Quinn for the UK Daily Telegraph)

Blackstone chairman Steve Schwarzman: 'US President Barack Obama is like Hitler

The billionaire head of the private equity giant which owns Center Parcs and the London Eye has likened US President Barack Obama’s plans to raise taxes on the private equity industry as being akin to Adolf Hitler’s invasion of Poland. 

The comment, made by Blackstone chairman and co-founder Steve Schwarzman in what he thought was a private meeting, reflect the strength of feeling among Wall Street's private equity chiefs who are being threatened with paying the same levels of tax on their income as ordinary Americans.

In an appearance before the board of an unnamed charity, Newsweek reported that Mr Schwarzman, who is estimated by Forbes to be worth $4.7bn, said: "It's war. It's like when Hitler invaded Poland in 1939." The Daily Telegraph has verified that the comments were made and are accurate. 

(click here to read the full story on the UK Daily Telegraph website)

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