';



Wednesday, February 15th, 2012

Goerge Soros: Financial Crisis Is the ‘End of an Era’

Posted on: Oct 12th, 2008 | By Contrarian Profits | Filed under Featured, Financial News

Billionaire investor George Soros just gave a great interview with PBS’s Mill Moyers. In it he said the massive breakdown in turst on Wall Street marks the “end of an era.”

It’s not a new subject for Soros. He accurately predicted the crisis in subprime loans that punctured the lung of the financial markets.

In the interview Soros also slammed Treasury Sectretary Hank Paulson, saying the onetime Goldman Sachs boss was part of the very Wall Street system of “financial engineering” that caused the crisis in the first place.

Soros also said the American consumer economy — what he called the “motor” of the world economy — has now been switched off.

Watch it here.

More on this topic (What's this?)
George Soros 2012 Market Outlook
Crunch Time in Greek Bailout Talks
Bluepoint daily market view – January 25, 2012
Read more on George Soros, 2008 Financial Crisis at Wikinvest

Tags

, , , ,

Related Articles



Leave Comment