An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right
« MSM Starts Linking to Other Media Sites
Virginia Republican Chief Compares Obama To Osama Bin Laden »
George Soros on the Financial Crisis
Moyers interviews Soros. Part 1 above. Part 2. Part 3.
Soros’ charitable giving infuriates many, but his take on the financial crisis has been sound. No fan of Paulson, weeks ago he said Paulson cannot be allowed a blank cheque. In the Financial Times today: How to capitalise the banks and save finance.
3 Responses to “George Soros on the Financial Crisis”
I can't speak for anyone else but it's not Mr. Soros's “charitable giving” nor his political preferences whatever they may be that concern me. It's that he's a currency trader and currency traders prospers in times of upheaval and great uncertainty. The worst thing that could happen to Mr. Soros is if the dollar were so strong and secure it were adopted as the universal currency.
I can't tell whether Mr. Soros does his giving and providing of advice out of altruism or self-interest.
It's self-interest, or out of bitterness if anti-speculative efforts have already been undertaken by the developed world and in other nations as well.
I had to laugh at the “charitable giving” phrase too.