Monday, April 13, 2009

George Soros Interview: Fallout of Collapse Will Linger

Just came across this interview George Soros gave for Yahoo Tech Ticker.

Soros says the real danger of economic collapse has passed - but goes onto say that we did not succeed in recapitalizing the banks, and the rebuilding effort will take a long time.  He believes the fallout will linger, because we have zombie banks that are alive but have too much junk on their balance sheets.

Soros seemed sharp and on point in this interview, a nice rebound from his January efforts, when we openly asked Has George Soros Lost His Mind?

1 comment:

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