Posted on 02/20/2009 6:11:35 PM PST by LottieDah
NEW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.
He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.
"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."
His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.
(Excerpt) Read more at reuters.com ...
...he says, rubbing his hands together and laughing maniacallly.
I’ll be Soros is short everything.
Yeah but unfortunately he already procreated and his kids are not any less vile.
Soros needs to be roasted slowly on a spit.
That’s what they keep saying about Fidel Castro and he keeps on going and going and going … ;-)
hopefully in this known lifetime where everybody can watch, applaud and archive on youtube.
Soros probably sees no bottom to something he held to cause in the first place, and he is prospering on it.
You quoted from another source —
* Number of States won by: Democrats: 19 Republicans: 29
* Square miles of land won by: Democrats: 580,000 Republicans: 2,427,000
* Population of counties won by: Democrats: 127 million Republicans: 143 million
* Murder rate per 100,000 residents in counties won by: Democrats: 13.2 Republicans: 2.1
—
Well, after looking at that, it surely says that the Republicans obviously don’t know how to win elections...
Later
Of course, he has nothing to lose!
Soros is obsessed with the 'fall' of Lehman Brothers. This is the second time in less than a month Soros is itching about Lehman Brothers.
So September 15 is when Lehman Brothers fell and September 18th is when $500 billion got withdrawn from money markets.
http://www.ft.com/cms/s/49b1654a-ed60-11dd-bd60-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F49b1654a-ed60-11dd-bd60-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.freerepublic.com%2Ftag%2Fsoros%2Findex%3Ftab%3Darticles
He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.
George Soros is the man behind the curtain, and is directly behind this collapse, much like other collapses that he engineered for his own enrichment.
bfl
Didn’t it take him 1 billion to buy the election?
At least.
No what it really says is if the sh*t hits the fan, to bet on the blue states is a losing bet.
“His plan all along?”
<<<Doesn’t Rush seem to think so?
LOL...
Like the Russian sub that sunk itself, the Democrats fired the salvo that tanked the US ... thus tanking themselves. The rest is a keystone cop calamity. They are clueless LOSERS. At the bottom, these crybaby Liberals won’t have the stones to survive.
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