George Soros: 'I'm having a very good crisis'

Daily Mail:

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.

Read the whole story: Daily Mail

Comments

[research]

08:11 PM on 04/03/2009

Wow, you folks are afraid of Sorus?

Soros will follow the rules the gov sets, and figure out how to make money.

What's unusual about Soros is he will explain it to us, and recommend the course of action that will save us, though possible costing Sorus is ability to make easy money.

George Soros on AIG Swaps and shorting.

http://online.wsj.com/article/SB123785310594719693.html?mod=googlenews_wsj

[Dunderslapoldmen]

02:27 PM on 03/27/2009

Soros is just plain scary..

[victorsays]

02:08 PM on 03/27/2009

Soros is not good. He is out to make money by creating discord in his target country and buy currency on the cheap.

He is out for his own interest. Everyone has their motives and interest. The rich are dangerous because they can secure their interest, where as the little guy can't.

[roncar]

02:01 PM on 03/27/2009

Obama's Puppeteer.

[lillibelle]

01:41 PM on 03/27/2009

When someone speaks about the "culmination of their life's work," Mother Theresa and Jonas Salk spring to mind, not an insider-trading, tax evading, money mongrel bent on the ruination of others.

[hmargret]

01:16 PM on 03/27/2009

How nice for you, George, since you are among the people that created the crisis.
of course, you'll steal from alot of less hip, less wealthy people and consider it ok, because you are soooooooo much smarter than the rest of us.

[TimDanMick]

10:19 AM on 03/27/2009

Mr Soros is the man who is responsible for the pound still existing. When GB tried to tie the value of the pound to Euro currencies Soros plundered the situation. Allegedly gold was leaving the Bank of England by the truckload heading for Soros.
The only party to benefit from his lifes work is Soros.

[jsking2110]

10:15 AM on 03/27/2009

all rich guys are bad right? oh, but not this guy, because he gives money to left wing causes.

[LDnearthesea]

11:20 AM on 03/27/2009

You are right, and since Richard Mellon-Scaife gives money to right-wing causes, nothing wrong with what Soros is doing.

[jimrs6]

07:11 PM on 03/27/2009

How far in the past do you live?

[paixa3]

09:38 AM on 03/27/2009

Ah, Mr. George Soros, one of my heroes. He also had an excellent blog how to regulate banks. Because he knows regulation quite well, the current administration is ignorning him, as they are ignoring other "correct" economists.

[LDnearthesea]

11:22 AM on 03/27/2009

I'm all for Krugman and Nader getting jobs in the Obama Administration.

[Gabrielle]

09:31 AM on 03/27/2009

Just because he is smarter then the rest does' nt make him nicer...
he still stole from the poor to give to the rich...himself, duh!

[JnrNorman]

08:56 AM on 03/27/2009

Soros aint that nice. He has the opinion of legalizing drugs but other than that he just another fat cat power broker. and a 15% tax on dividends is paltry.

http://video.aol.com/video-detail/the-obama-deception/1757361927

[LDnearthesea]

11:23 AM on 03/27/2009

And lets remember it was Bush and the Repugnantcan rubber-stamp Congress and Senate that passed that law making the tax on dividends only 15%.

[jason10006]

08:54 AM on 03/27/2009

White and blue eyed? Yes, that describes Stan O'Neil of Merryl Lynch and Vikram Pandit of Citigroup...oh, wait...it doesn't....

[rf dude]

09:14 AM on 03/27/2009

Hi jason - you must have just left the Lula-Brazil story, too!

www.huffingtonpost.com/2009/03/26/brazils-president-lula-wh_n_179798.html

[MarciaJ720]

08:33 AM on 03/27/2009

I will argue that these are extremely smart people who saw this whole thing coming and I'm sure they do have information we do not have, but basically, they were smart. Why do I say so?

While I did not see it like they did nor have anywhere near the kind of money they are dealing with, I too began to re-arrange our portfolios and it was well worth it. Granted, I wish I had kept my money in cash, but not doing that I am beating the markets by 15% to 20% (yes I keep track). That translates into about a 25% loss since the highs in 2007 - not the closer to 40% to 50% losses most have felt.

I even got out of a fund we made a bunch of money on.... Alpine Realty Fund.

I have no "inside information" but could see that the economy could not sustain the level of debt and spending that was going on.

[nancytheragingliberal]

07:11 AM on 03/27/2009

I have been begging Mr. Soros to buy up small radio stations around the country and give liberal/progressives their own place to go for their kind of talk radio. I detest these right-wing creeps that permeate my radio and TV. Here I pay for XM and have to turn it off from 3 to 8 p.m. because they made sure to bore liberals like me with those two shows. (During prime driving time, no less). It is time for liberal/progressive voices to shout to the 55 % of this country who crave liberal talk. Mr. Soros, are you listening?

[jimrs6]

07:16 PM on 03/27/2009

Thom Hartmann is not liberal enough for you on XM? People crave interesting talk radio. That's where the liberal talkers fall down. They cannot hold an audience.

[Abraxas79]

03:22 AM on 03/27/2009

Life seems to be good for the Prince of Darkness. Obama's main supporter and why no hedge funds will never come under "regulatory review" nor increase in 15% tax rate.

[Tommygun264]

05:09 AM on 03/27/2009

Last week President Obama was a Marxist bent on bankrupting the rich with high taxes for a Socialist redistribution of wealth while destroying the free market through burdensome over-regulation. Now this week he's protecting the fat cats and helping corrupt billionaires exploit the masses. The pubs are twisting themselves in knots with their nonsensical contradictory whining points.

[juangault]

07:59 AM on 03/27/2009

He promised us change, and change he did. Way back in November. Duh.