BUSINESS
03/23/2009 05:12 am ET | Updated May 25, 2011

Soros: No Bottom For World Financial "Collapse"

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.

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