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March 26, 2009
Soros: "Obama Will Listen to Me"
Soros: Obama Will Listen to Me
Hedge fund manager George Soros says he has finally found his footing in Washington.
A pariah under the Bush administration and largely overlooked by Clinton, Soros says that "at least I will get a hearing" in Washington now.
Soros plans to use the opportunity to advocate radical regulatory and financial reforms that would rein in financiers — including himself.
"It is, in a way, the culminating point of my life’s work," Soros told The Australian News.
"The American election, the financial crisis … it is actually a very stimulating period.”
Soros wants Washington to loosen its grip on the International Monetary Fund; co-ordinate macroeconomic policies between national governments; and create new international banking and market regulatory regimes that oversee derivative financial products and curb speculators.
He knows this will be a hard sell but remains hopeful.
“I am actually fairly optimistic because the problems are recognized and certainly the new team in America understands things pretty well the same way as I do,” Soros notes.
“And I think (British Prime Minister) Gordon Brown does.”
The problem, Soros says, is that what policymakers fear actually has to happen before they take action, which is why it remains likely we will experience more financial crises.
'I'm Having A Very Good Crisis,' Says Soros As Hedge Fund Managers Make Billions Off Recession
George Soros said the current economic crisis has been the culmination of his life's work
A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.
Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.
But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.
And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
'It is, in a way, the culminating point of my life’s work,' he told national newspaper The Australian.
Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.
Wild Thing's comment........
This is so scary, chilling actually. This man’s vision might actually come true and it will be our beloved America where he see's his world domination.
He paid for Obama from way back when Obama was in Chicago.
Posted by Wild Thing at March 26, 2009 05:44 AM
Comments
What a bastard. In a way he is the joint president, the shadow president. He is more dangerous to the survival of a free and strong America than the Soviet Union was.
Posted by: TomR at March 26, 2009 12:34 PM
He is the one pulling the strings and running the government. Obama is indeed the puppet. This has to end.
Posted by: Mark at March 26, 2009 02:31 PM
Tom, he sure is, he has wanted someone like Obama for a long time. And an older post I did showed all the money he poured into Obama's campaign using all kinds of business he owns so it did not look like money was from Soros.
Posted by: Wild Thing at March 26, 2009 07:59 PM
Mark yes and now he is even bragging about it.
Posted by: Wild Thing at March 26, 2009 08:00 PM
