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Posted on 02/28/2010 6:38:25 PM PST by GOP_Lady
WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn't happy with Mr. Obama's handling of the financial crisis.
Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.
"The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution," Mr. Soros said in an interview with CNN. "He should have compulsorily replaced the capital that was lost."
After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders. As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.
Mr. Soros said China took a better approach to dealing with the financial crisis by forcing its banks to increase their minimum capital requirements. He suggested that Beijing has in recent years been more successful in its handling of economic policy than the U.S.
He said the "market fundamentalist" belief prevailing in the U.S. that markets correct their own excesses was wrong, and criticized former Federal Reserve Chairman Alan Greenspan for taking that line. Mr. Soros — who as chairman of Soros Fund Management, said he manages about $27 billion in assets — cited his own investment decisions as an example.
"When I see a bubble, I buy that bubble, because that's how I make money," he said.
(Excerpt) Read more at online.wsj.com ...
uh oh, the boss isn’t happy.
“Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans. “
And this guy is still here, WHY?????
“When I see a bubble, I buy that bubble, because that’s how I make money,” he said.
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I happened to catch that interview with him today. It was chilling.
Nobody likes a Soros Loser.
Take over the banks? U.S. Government already ran two of their own banks into the ground (Fannie and Freddie), let’s go for an even dozen says Georgie.
Soreass the pitchforks are being sharpened and the government has no right by God or our Constitution to take anything over.
Though I do seriously wish they would look into your company and it’s operations for defects in law.
He’s your boy, George.
Go screw yourself Soros! From a baby boomer tired of this crap.
Would someone please tell Mr. Soros to mind his own f’n business.
WOW. So, Barry isn’t SOCIALIST enough for Soros?! Wow...I’m beginning to think Soros is auditioning for the position of Antichrist....
But how would you have been given OneWest Bank, Mr. Soros? Has that not worked out well enough for you yet?
Here’s an idea for the nationalist-socialist-in-chief. Nationalize the Soros money and send him packing back to Hungary.
“When I see a bubble, I buy that bubble, because that’s how I make money,” he said.
....whatssamatter?
Did one of the puppet strings break?
If Soros is unhappy, it's with the Tea Party movement and the handful of conservatives going against him and he knows the tide is turning against him.
Of course, if Obama is going rogue perhaps Soros might be a bit peeved at his boy...
You are right. This is progressist posturing, much like when we marched from Clinton flip floping on Don’t ask don’t tell (which should have been you better tell or you go to jail if you are gay), to now everybody can be a stalker of military men and confine them and rape them.
Heck, we already have muslim chaplains...
I see old POS is still regurgitating the Socialistic beliefs that he thought he had bought. Amazing and this guy needs to simply go away and destroy some other countries currency, Maybe make a forced landing of his private jet in China and they exersize the warrant out on him??????????????? Ohhh poor George did not make enough crashing the economy than he had hoped for and has his undies in a bind.
Soros trying to take some of the heat off of 0bama for picking his nose at the health care summit.
OBAMA’S A NOSE PICKER.
OBAMA’S A NOSE PICKER.
OBAMA’S A NOSE PICKER.
I’m buying post cards tomorrow and sending one to the White House asking 0bama why he picked his nose on television.
Yes, I put my return address. I’m still waiting for my Christmas Card, too. Maybe I’ll remind him of that. Figure I can sell it on Ebay.
What is honestly scary, Soros and others are coming out and admitting their plan for our country. Good heavens!
WAKE UP AMERICA!
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