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Soros “The worst market crisis in 60 years”

Now celebrating 10 years of predicting the end of the world, George Soros takes a huge dive into the pool of confirmation bias:

Everything that could go wrong did. What started with subprime mortgages spread to all collateralised debt obligations, endangered municipal and mortgage insurance and reinsurance companies and threatened to unravel the multi-trillion-dollar credit default swap market. Investment banks’ commitments to leveraged buyouts became liabilities. Market-neutral hedge funds tu…
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  24 January, 2008| Economy | @ 15:15

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