F. Swemson

George Soros Criticizes President Obama’s Handling of the Financial Crisis

Posted on March 11 2010 12:37 pm
I'm an Objectivist, a disciple of Ayn Rand since I was 15. Graduate of NBI (Nathaniel Branden Institute) 1964 I was a philosophy major @ NYU & dropped out to join the Marine Corps Served as a Combat Photographer in late 60's I've been writing for over 20 years.
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One of the European websites that I often peruse, recently asked the question whether George Soros was a Secret Austrian Economist, based on the way he recently criticized President Barack Obama’s handling of the financial crisis.

It quotes Soros on CNN as saying that “The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” and adds that “He should have compulsorily replaced the capital that was lost.”

The article ended by quoting Soros as saying: “When I see a bubble, I buy that bubble, because that’s how I make money,” I looked up the remarks on CNN, which led me to an article in the Wall Street Journal last week. I found it quite interesting, and thought that NewsReal readers would find it interesting as well.

Read the entire original article here.

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