| Subject: | [socialcredit] Billionnaire-Financier George Soros' New Book | | Date: | Thursday, April 17, 2008 00:22:25 (-0700) | | From: | Eric Encina <ericencina @.....com>
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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
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Billionnaire-Finan
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