Look, I think Obama is bad news too. But do you really believe that Soros could manipulate the market to any significant degree even if he wanted to? Come on, that is quite a stretch.
He can if he's in cahoots with the Anti-Christ...some think he is.
They made tens possibly hundreds of billions of set up one by one and picking off Merrill (stuff to the gills with mortgages - was Stan O’Neil another Raines), Indy Mac, AIG, CountryWide, Bear Stearns, Lehman, Wachovia, WAMU and a dozen others.
Ten global hedges funds? Not very hard. People here do not understand how coorinated attacks combining shorting and credit default swaps are devastating on the companies especially CDS. CDS is debt insurnace. Companies isnure their debt. Normally like $10,000 to insure $5 million. If hedge funds buy up the CDS - it drove the companies cost to insure debt. In many cases the CDS costs increased to like $500,000 to insure $5 million.
At that point the company is almost insolvent. The next day S&P, Fitch or Moodys downgrades their debt and it is game over. S&P, Fitch and Moodys have blood all over their hands too.
This is the biggest robbery in history by far.