daveman
Diamond Member
Yoo hoo, Erik!Ummm...that's what Soros is.Well, it's about fuckin' time. If we gotta deal with the new Citizens United world, we might as well have rich guys who aren't totally avaricious fucks chipping in, too.
On September 16, 1992, Black Wednesday, Soros' fund sold short more than $10 billion in pounds,[22] profiting from the UK government's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.Now, would you like to make the case the Soros' breaking the Bank of England was altruistic?
Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound, earning Soros an estimated $1.1 billion. He was dubbed "the man who broke the Bank of England".[27] In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
On Monday, October 26, 1992, The Times quoted Soros as saying: "Our total position by Black Wednesday had to be worth almost $10 billion. We planned to sell more than that. In fact, when Norman Lamont said just before the devaluation that he would borrow nearly $15 billion to defend sterling, we were amused because that was about how much we wanted to sell."
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Economist Paul Krugman is critical of Soros' effect on financial markets.
"[N]obody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fun and profit. These new actors on the scene do not yet have a standard name; my proposed term is 'Soroi'."[33]
Or are you going to admit he's a totally avaricious fuck?
I'll bet you do neither.