As described in a Yahoo news story, Fox's official response doubles down on Beck's Jew-baiting by insinuating that the group of rabbis who wrote the protest letter to Murdoch were themselves part of the alleged Soros conspiracy.

The letter, addressed to News Corp. chairman Rupert Murdoch (see image here), requests that host Glenn Beck "be sanctioned by Fox News for his completely unacceptable attacks on a survivor of the Holocaust" -- philanthropist and financier George Soros -- and that Fox News chief executive "Roger Ailes apologize for his dismissive remarks about rabbis' sensitivity to how the Holocaust is used on the air." (News Corp. owns both Fox News and the Journal.)

In a statement provided to The Cutline, Joel Cheatwood, senior vice president of development for Fox News, said: "We haven't seen the ad, but this group is a George Soros backed left-wing political organization that has been trying to engage Glenn Beck primarily for publicity purposes."

Beck's conspiracy theory places George Soros in a role, in a conspiracy theory narrative, that in the early 20th Century was filled by Jewish banking concerns headed by the Rothschild, Kuhn-Loeb, Warburg, and Schiff banking concerns: all banking entities cited in Nazi propaganda as allegedly controlling the world economy by controlling international money markets. Those four banking entities are listed to this day, in Christian versions of anti-Jewish conspiracy theory, as leading the alleged Jewish conspiracy. Christians United For Israel founder John Hagee also claims Rothschilds control international finance.

There is truth to the claim that there is concentrated control of international finance, but the controlling entities aren't Jewish--according to a study by two Swiss physicists released in early 2009 and reported in a February 13, 2009 Science News story:

Researchers have made the first maps of corporate stock ownership for the stock markets of a large number of countries, 48 in all. The new network analysis technique reveals "backbones" in these ownership networks: big players that together own a controlling stake in more than 80 percent of the companies in the markets...

"If you do a network analysis, you can see things that you couldn't see otherwise," says Stefano Battiston, coauthor of the study and a physicist at the Swiss Federal Institute of Technology in Zurich who studies complex socioeconomic networks. "Although from an individual point of view corporations are widely held, from a global point of view ownership is more highly concentrated."...

The top ten such companies were:

       1.  The Capital Group Companies (U.S.)
       2.  Fidelity Management & Research (U.S.)
       3.  Barclays PLC (U.K.)
       4.  Franklin Resources (U.S.)
       5.  AXA (France)
       6.  JPMorgan Chase & Co. (U.S.)
       7.  Dimensional Fund Advisors (U.S.)
       8.  Merrill Lynch & Co. (U.S.)
       9.  Wellington Management Company (U.S.)
      10.  UBS (Switzerland)