George Soros: Banks Are 'Too Connected To Fail'

George Soros: Banks Are 'Too Connected To Fail'

NEW YORK (Reuters) -- Billionaire investor George Soros said on Thursday that the U.S. financial regulation bill does not address the problem of a banking system that is "too connected to fail".

"We didn't grasp the real problems" in the financial regulation bill, Soros said at a Financial Times conference. Soros argued that the banking system is too compartmentalized and added he doesn't see what has been done to solve that issue.

Popular in the Community

Close

What's Hot