| Subject: | Re: [socialcredit] Billionnaire-Financier George Soros' New Book | | Date: | Thursday, April 17, 2008 10:01:32 (-0600) | | From: | MARTIN HATTERSLEY <jmartinh @....ca>
|
| In reply to: | Message 5367 (written by Eric Encina) |
Soros is completely right, of course - but I'm sure won't accept any responsibility for making himself very rich by exploiting the system that he condemns!
----- Original Message -----
From: Eric Encina <ericencina@yahoo.com>
Date: Thursday, April 17, 2008 3:30 am
Subject: [socialcredit] Billionnaire-Financier George Soros' New Book
To: Social Credit <socialcredit@elistas.com>
> Financier's New Book
>
> By Eric V. Encina
>
> Billionaire-financier George Soros has even admitted that
> the US credit crisis is far over. He said the US situation is
> more serious than the authorities admit or recognize. He said
> that measures taken so far to slash interest rates and stimulate
> the US economy were necessary but not sufficient and the
> situation is going to get worse before it gets better." He has
> urged regulators to move more aggressively to improve markets
> oversight to curb risks from excessive reliance on DEBT FOR
> FINANCING SPECULATION. He also agreed with the IMF estimates of
> more than $1 Trillion in losses linked to the collapse of
> mortgage securities. He said that losses disclosed by the
> financial institutions so far are related only to the decline in
> value of those financial instruments.
>
> He has a new book: 'THE NEW PARADIGM FOR FINANCIAL
> MARKETS: The Credit Crisis and What It Means" by George Soros
>
>
> Do you have any comments?
>
>
> Eric V. Encina
> ericencina@yahoo.com
>
>
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