Goerge Soros: Financial Crisis Is the ‘End of an Era’
Oct 12th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsBillionaire 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.
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