Sunday, February 22, 2009

ARTICLE: George Soros on the Crunch

Excerpt:
George Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

[With the bankruptcy of Lehman Brothers in September] "We witnessed the collapse of the financial system," Soros said. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."

Full text here.


(Photo taken by Jeff Ooi)

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