perhaps HE should bailout eastern europe? 
http://www.nytimes.com/reuters/2009/02/20/business/business-us-financial-soros.html
http://www.nytimes.com/reuters/2009/02/20/business/business-us-financial-soros.html
Soros Sees No Bottom For World Financial "Collapse"
- Thread starter Daal
- Start date
"He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system."
A slap in the face of all the free market fanboys that happily explained how letting Lehman fail -- because it would constitute a moral hazard wasting taxpayers' money -- will not lead to a global financial meltdown.
A slap in the face of all the free market fanboys that happily explained how letting Lehman fail -- because it would constitute a moral hazard wasting taxpayers' money -- will not lead to a global financial meltdown.
Mr. Trichet´s comment would be : "We will act vigorously."
Yeah because allowing companies run THAT poorly to survive would be such a benefit for the rest of society. I forgot...when your company is bankrupt and insolvent that means they're doing a wonderful job and really should be allowed to stick around. 
Good thinking. I knew I was missing something.
Shit we need to bailout Madoff too
Good thinking. I knew I was missing something.
Shit we need to bailout Madoff too
I think an overnight nationalization and then an orderly wind-off (Neuberger Berman, the real estate assets, the European brokerage arm -- which had 10s of billions of assets frozen and liquidated overnight, with account holders being wiped out to a big fat zero) of all Lehman assets would have gone a long way.
The matter of the fact is that the lessez-faire crowd told us letting Lehman fail will be "good showing that the government takes moral hazard seriously". How come I don't hear that moral hazard argument much anymore?
And they told us letting Lehman go was "part of a self-cleansing solution for world markets". Where did that argument go?
The matter of the fact is that the lessez-faire crowd told us letting Lehman fail will be "good showing that the government takes moral hazard seriously". How come I don't hear that moral hazard argument much anymore?
And they told us letting Lehman go was "part of a self-cleansing solution for world markets". Where did that argument go?
Soros is a stool pigeon for the mega elite, obviously he knows a thing or two.
Just like his short oil call at $140, and long gold call at the same time even though gold fell a bit but only by a fraction compared to all the other commodities, and has now fully recovered and will probably post new highs soon enough.
Just like his short oil call at $140, and long gold call at the same time even though gold fell a bit but only by a fraction compared to all the other commodities, and has now fully recovered and will probably post new highs soon enough.
The truth about Soros:
http://www.questionsquestions.net/docs04/engdahl-soros.html
http://www.questionsquestions.net/docs04/engdahl-soros.html