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Hillarysworld -> Obama Administration NOT Secretary of State -> Soros Not Exactly Satisfied with POTUS Obama (RBO) 03-01-10
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TOPIC: Soros Not Exactly Satisfied with POTUS Obama (RBO) 03-01-10
freespirit


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Soros Not Exactly Satisfied with POTUS Obama (RBO) 03-01-10
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Well Soros bought and paid for POTUS. Too bad he's not happy with his purchase.


Soros Not Exactly Satisfied with POTUS Obama
March 1, 2010

The Wall Street Journal’s Luca Di Leo writes Soros told CNN’s Fareed Zakaria he “wasn’t happy with Mr. Obama’s handling of the financial crisis” and said the “government should

have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.”
•    “The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”
Just words?
As Aaron Klein reports today, Soros has managed to get past his disappointment the past year while swooping in to gobble up failed banks in California — with the help of the FDIC and Fannie/Freddie.
According to Soros, the “‘market fundamentalist’ belief prevailing in the U.S. that markets correct their own excesses was wrong, and criticized former Federal Reserve Chairman Alan Greenspan for taking that line.
As chairman of Soros Fund Management, he “manages about $27 billion in assets … ‘When I see a bubble, I buy that bubble, because that’s how I make money,’ he said.

There's a CNN video I couldn't embed.  You can view it here -

http://therealbarackobama.wordpress.com/2010/03/01/soros-not-exactly-satisfied-with-potus-obama/

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LOL. I wonder why Soros is unhappy.

Well, at least he acknowledges that he makes money off of bubbles.  I wonder if he will acknowledge that sometimes his forecasts push currencies in the direction of his forecasts; he is a currency trader.

I wonder if he has any vested interest in the energy bubble "to come" - Pres.Obama has restarted that conversation today.


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You get what you pay for!  What does that make Obama?

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Hillarysmygirl16


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LOL that's what he gets

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freespirit


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Alex wrote:

You get what you pay for!  What does that make Obama?


LOL.  I think it makes him a second - you know, like you buy from the seconds/fire sale discount stores.  Trouble with buying at those stores is that even though you get the merchandise at a good price, there are no exchanges or returns.  So if you don't notice the flaws before you buy the item, too bad - you're stuck with it.

 



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Freespirit....I couldn't have said that better. LOL!


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