Mr Soros stopped short of placing total blame for the crisis on hedge funds, but he admitted that the funds had been an integral part of the financial market bubble which had now burst. He added: "A deep recession is now inevitable and the possibility of a depression cannot be ruled out." However, he Mr Soros said blame for the crisis should also be borne by US financial regulators and the Federal Reserve for allowing the bubble to occur and called for regulation of financial engineering to be a high priority.
Odd, he didn't tell us to thank him like he did to the Asian countries at the peak of the 1997 Asian Crisis. After all, he is bringing us unadulterated socialism. It will save us!!
posted on 11/13/2008 4:03:19 PM PST
>>>Odd, he didn't tell us to thank him...<<<
At least he didn't heap praise on Barney Frank, Chris Dodd and Chuck U. Schumer.
posted on 11/13/2008 8:49:20 PM PST
("The urge to save humanity is almost always a false front for the urge to rule - Mencken knew Obama)
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