Goerge Soros: Financial Crisis Is the ‘End of an Era’
Source: http://feeds.feedburner.com/~r/ContrarianProfits/~3/418743639/6099Posted on Sunday, October 12th, 2008 | In Market Commentary
Contributed by: Contrarian Profits (http://contrarianprofits.com) -
Billionaire investor George Soros told Mill Moyers on PBS that this is the “end of an era.”
Soros predicted the crisis in subprime loans punctured the lung of the financial markets.
In the interview, Soros slammed Treasury Sectretary Hank Paulson. He said the onetime Goldman Sachs boss was part of the very Wall Street system of “financial engineering” that caused the crisis in the first place.
Soros also said the American consumer economy — what he called the “motor” of the world economy — has now been switched off.
Watch it here.
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contrarian profits, George Soros, Goldman Sachs, Hank Paulson, Market Commentary, wall street
contrarian profits, George Soros, Goldman Sachs, Hank Paulson, Market Commentary, wall street
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