VULGAR - AT 6:11 A.M. ET: George Soros is one of the leading financiers of the Democratic Party and of leading left-wing groups. He isn't complaining about economic conditions in the country, as London's Daily Mail notes:
A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.
Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the global storm.
But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.
And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
COMMENT: This is something to worry about, because Soros's economic power will find its way into politics. I don't know - is this free enterprise? Or a grotesque distortion? That is a question worth debating. Are we at the Wharton School of Finance, or in Las Vegas?
March 26, 2009 |