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US Recovery Is Far Off, Banks Are 'Basically Insolvent': Soros
cnbc ^ | 4/6/9 | reuters

Posted on 04/06/2009 8:09:37 AM PDT by Ravi

The U.S. economy is in for "a lasting slowdown" and won't recover this year, while "the banking system as a whole is basically insolvent," billionaire investor George Soros told Reuters Financial Television Monday.

(Excerpt) Read more at cnbc.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: bho2009; bho44; economy; obamanomics; soros
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To: Ravi

Soros should know he is one of the main instigators in making them insolvent.


21 posted on 04/06/2009 8:22:07 AM PDT by Venturer
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To: Ravi

Dow -119 as of now.

I have to wonder if Soros shorted the market just before his comments.


22 posted on 04/06/2009 8:24:51 AM PDT by cookcounty (Obama's got Bush's inheritance .......and now he wants your kids'.)
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To: RC2

millions? Try over a BILLION. He’s a parasite who makes his money of the destruction of markets and currency. And exactly why is he coming out that banks are insolvent? Where is the Obama administration refuting this?


23 posted on 04/06/2009 8:24:54 AM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: Ravi

Given that Soros and his henchmen engineered much of the early run on the banks and he has his little sock puppet Obama talking the economy down every time he opens his pie hole, Soros should know.


24 posted on 04/06/2009 8:34:09 AM PDT by Dick Bachert
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To: Mr. Mojo

Seriously. He’s got money to be made if everbyody behaves as if what he say is true.


25 posted on 04/06/2009 8:35:52 AM PDT by Wolfie
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To: Ravi

Soros .... the real worlds Dr Evil


26 posted on 04/06/2009 8:42:12 AM PDT by clamper1797 (FUBO ... protege of the unholy union of Karl Marx and affirmative action)
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To: All

Rather than see Soros die I would rather seem him swindled of all his wealth by one of his ‘close friends’ and suffer a brain aneurysm which allows him to know what is happening in his ‘world’ but unable to correct it.

Then....when he intuits his complete emasculation .... death will be a welcome release.


27 posted on 04/06/2009 8:43:40 AM PDT by imintrouble
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To: Obadiah
You mean it was a $2 trillion mulligan?

Sometimes I almost think that since Soros has a vested interest in the failure of the US, Bambi is pursuing policies to actively cause our demise as payback for Soros getting him elected..... OK but then again I'm a cynic.

28 posted on 04/06/2009 8:49:09 AM PDT by YankeeReb
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To: supremedoctrine

Hopefully Soros has a cancer festering deep inside. He is a cancer upon the United States of America that gave him refuge


29 posted on 04/06/2009 8:49:54 AM PDT by dennisw (0gabe our very own Kenyan subprime president)
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To: Just A Nobody

I just wish we had our own Soros. If we had one single millionare or group willing to spend money on tv advertisements and newspaper ads explaining Soros background and ties to the Democrats we could turn the public against Soros.

Turn the public against Soros and the politicans will turn against him to save their own skin. We either investigate him or deport him but his influance here in the States declines.

But I have more chance winning the lottery than see that happen sad to say.


30 posted on 04/06/2009 9:02:15 AM PDT by Swiss ("Thus always to tyrants")
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To: Ravi

Soros has manipulate the Markets to get Obama elected, sucked the equity out of Banks and Automobiles, all by means of his hedge funds. He keeps betting on Markets and winning, it’s almost as if he had inside knowledge.

Would someone who worked for a hostile power have such knowledge.

Did the Democrats put poison pills in the economy with the Community Reinvestment Act, and the Gramm-Leach-Bliley Act?

The Banking crisis was started quite deliberately by Schumer wasn’t it?

I think the Dems learned from Clinton that its the “economy stupid” and they made the economy fail so they could win and start their Communist Policies.


31 posted on 04/06/2009 10:11:22 AM PDT by plenipotentiary (Free the Oil, Topple the Saudis. Confiscate Putins money. Disconnect Siberia.)
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To: Ravi

Soros has manipulate the Markets to get Obama elected, sucked the equity out of Banks and Automobiles, all by means of his hedge funds. He keeps betting on Markets and winning, it’s almost as if he had inside knowledge.

Would someone who worked for a hostile power have such knowledge?

Did the Democrats put poison pills in the economy with the Community Reinvestment Act, and the Gramm-Leach-Bliley Act?

The Banking crisis was started quite deliberately by Schumer wasn’t it?

I think the Dems learned from Clinton that its the “economy stupid” and they made the economy fail so they could win and start their Communist Policies.


32 posted on 04/06/2009 10:13:49 AM PDT by Independent South East England
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To: Ravi
Don't worry. Soros’s sock puppet at 1600 Pennsylvania Ave. has everything under control!
33 posted on 04/06/2009 10:46:32 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: OB1kNOb

“If only Soros would stop breathing, it would be a happy Monday.’

I agree totally. The world would be a better place without Soros.


34 posted on 04/06/2009 12:18:28 PM PDT by ohioman
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To: Ev Reeman

No Soros fan here, but Soros mostly makes his money betting against the stupidity of governments and central banks. It isn’t his fault they are stupid. Wall Street got us into this mess not him.


35 posted on 04/06/2009 3:18:03 PM PDT by AndyJackson
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To: Ravi
Obama is George Soros’ son!
36 posted on 04/06/2009 3:49:13 PM PDT by BellStar (Buy Gold/lead and head for the hills please God give us another chance!)
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To: Saoirise; HollyB
Mr. SorryOss wants to make a buck on the back of our dying liberty, undoubtedly.
37 posted on 04/06/2009 4:33:56 PM PDT by 444Flyer (Don't beLIEve Obama..........................Never give up, never give in, never give out!)
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To: 444Flyer

“Being the main issuer of international currency, we have been exempt and we have abused that because we have effectively consumed 6.5 percent more than we have produced. That is now coming to an end.” (Soros)

I’d like to know if he was involved in the billions of dollars being pulled out of the market. He’s been known for these kind of maneuvers.

By the way 444, I love your creativity with the nick names.


38 posted on 04/06/2009 4:48:24 PM PDT by HollyB
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To: HollyB
lol..It's an outlet for my disgust.
39 posted on 04/06/2009 4:56:27 PM PDT by 444Flyer (Don't beLIEve Obama..........................Never give up, never give in, never give out!)
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To: Ravi
Satan is having a field day with this useful idiot.

George better wake up. Right now, he is going down to the hot place when he dies.


40 posted on 04/06/2009 5:43:26 PM PDT by SkyPilot
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