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2009-02-21 Home Front Economy

Soros sees no bottom for world financial "collapse"

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Posted by tipper 2009-02-21 02:24|| || Front Page|| [1 views ] Top

#1 All thanks to Basel 2's mal-regulation.

Posted by Bright Pebbles the flatulent 2009-02-21 05:07|| 2009-02-21 05:07|| Front Page Top

#2 Soros was obvious misquoted and in fact said,

"I see no downside to the world's financial collapse."

Posted by phil_b 2009-02-21 06:03|| 2009-02-21 06:03|| Front Page Top

#3
"I see great upside opportunity in~~no downside to~~ the world's financial collapse."

G. Soros

Fixed it for you.

Posted by Nimble Spemble 2009-02-21 07:35|| 2009-02-21 07:35|| Front Page Top

#4 Renowned investor George Soros said on Friday the ~~world~~ his financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Actually, George, there is a quick turn around. All it requires is the willingness of those who can to put confidence back into the system by introducing not more money but integrity back into the process. That means firing regulators who failed to regulate. That means telling stockholders and borrowers that they're screwed and they aren't going to be bailed out on the backs of others. And its means that heads have got to roll publicly on the political side of the house, particularly those who interfered in the financial process for both social and individual interests. When that happens, the money will come out of gold and the mattresses and start to flow again in market.

Posted by Procopius2k 2009-02-21 08:11|| 2009-02-21 08:11|| Front Page Top

#5 Its simple: Soros is shorting America.

Posted by Jack is Back!">Jack is Back! 2009-02-21 09:27|| 2009-02-21 09:27|| Front Page Top

#6 The economic system needs to return to a non-leveraged state. However, until the wolves of leverage are beaten down, they will fight to keep some means of leverage available so that they personally can still get away with non-productive leveraged wealth expansion.

This means that individuals like Soros are malignant cancers to the world's economy. They undermine the productivity of others by trying to snatch the rewards without doing the work.

Posted by Anonymoose 2009-02-21 09:30|| 2009-02-21 09:30|| Front Page Top

#7 What do you care, soros. You helped cause it personally.

Posted by newc">newc 2009-02-21 10:02|| 2009-02-21 10:02|| Front Page Top

#8 What an idiot. There were major recessions in both the seventies and eighties. These are hardly permanent conditions.

Posted by Alistaire Greash5374 2009-02-21 11:13|| 2009-02-21 11:13|| Front Page Top

#9 Jack is Back:
"Soros ~~is shorting~~ has already shorted America."

Now he is trying to induce panic so he can buy back his shorts at a low price. The "hedge fund" managers tried that a few months ago, selling heavily at the close so the numbers would be widely reported on the evening news. Hopefully people would panic the next morning and the hedge funds could pick up the pieces.

Posted by Frozen Al 2009-02-21 12:10|| 2009-02-21 12:10|| Front Page Top

#10 If the economy is the nations #1 threat then the CIA should have put a contract out on Soros years ago.

They didn't so the government is obviously in on the theft.

Posted by 3dc 2009-02-21 12:19|| 2009-02-21 12:19|| Front Page Top

#11 I follow Ford's Stock, I've been certain someone huge has been shorting Ford for he last year or more,
I'm holding and waiting, when the stock does NOT go bankrupt all the shorters will be forced to buy-to-cover, that'll make Ford BOOM.

Posted by Rednek Jim 2009-02-21 12:55|| 2009-02-21 12:55|| Front Page Top

#12 3dc: If the economy is the nations #1 threat then the CIA should have put a contract out on Soros years ago.

They didn't so the government is obviously in on the theft.
______________________________________________

Starting with Congress, K Street, Wall Street and ye olde established Crime Families; Imagine how many Hidden Hands have been washing each other...

Their BLOOD can't run thick or fast enough to ever suit me personally.

:(

Posted by Red Dawg">Red Dawg 2009-02-21 18:27|| 2009-02-21 18:27|| Front Page Top

#13 Ford makes F-150's, like mine. Did I ever tell you about it....

/Drink up, dammit!

Posted by Frank G 2009-02-21 18:28|| 2009-02-21 18:28|| Front Page Top

#14 No, really Frank? You have an F-150? Is it a good model - do you like it?

LOL. A round on me.

Posted by lotp 2009-02-21 18:50|| 2009-02-21 18:50|| Front Page Top

#15 Margarita on the rocks for me, please.

Posted by SteveS 2009-02-21 20:03|| 2009-02-21 20:03|| Front Page Top

#16 With or without salt on the rim Steve?

Posted by lotp 2009-02-21 20:31|| 2009-02-21 20:31|| Front Page Top

#17 War brings out the best and worst in those who live through it. Mr. Soros learnt the worst from those best at it. How many currencies has he deliberately destroyed thus far?

Posted by trailing wife">trailing wife 2009-02-21 21:00|| 2009-02-21 21:00|| Front Page Top

#18 The fact that Soros is still breathing is proof that the James Bond stories are 100% fiction.

Posted by Barbara Skolaut">Barbara Skolaut 2009-02-21 21:06|| 2009-02-21 21:06|| Front Page Top

#19 How many currencies has he deliberately destroyed thus far?

None. He just took advantage of stupid countries that already had.

Posted by Nimble Spemble 2009-02-21 21:42|| 2009-02-21 21:42|| Front Page Top

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