George Soros: US Recovery Is Far Off, Banks Are 'Basically Insolvent'

http://www.cnbc.com/id/30069223

by noor420 • 17 years ago

23 15 17 years ago

cnbc.com

ikmjuyhnb2• 17 years ago

You don't think the nice Mr Soros might have a personal financial interest in bank's share price dropping do you?

jibiki• 17 years ago

I'm just curious, why is Soros more likely than any other commentator to want banks' shares to decline?

anon-e-moose• 17 years ago

He did make more than a billion dollars shorting the Bank of England...

tokenadult3• 17 years ago

No doubt Mr. Soros has decided how to invest his own funds, and will presumably jawbone so that the market moves in the direction he anticipates, but that does that make any of his statements factually incorrect? He has a pretty good track record for calling market turns that other investors miss, so my friendly suggestion is to analyze what Soros says and only disregard it if you can prove it wrong. (How would one prove Soros wrong on this assertion?)

rjurney• 17 years ago

He's not just an investor, he's also a philanthropist. Does intentionally undermining markets through dishonest public statements jibe with all the nice stuff he's done?

bogdank• 17 years ago

I think his statement can't influence noticeably the bank's share price. But he is a respectful voice for me, because of his public position and personal success.

George Soros: US Recovery Is Far Off, Banks Are 'Basically Insolvent'

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