George Soros sells all shares of Citigroup, Bank of America and JP Morgan | Intellihub News

Posted by ThomasKinder 9 years, 12 months ago to Economics
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Not what I wanted to read upon waking up... Should we be concerned?

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  • Posted by $ jbrenner 9 years, 10 months ago
    I know I despise what George Soros has done in almost everything, but is there a possibility that he is just a banker who has gone down Ragnar's path?
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  • Posted by $ Mimi 9 years, 12 months ago
    It depends on what your immediate needs are. Me, I was looking forward to the movie release. A crashing dollar means more people will be interested in the message the Atlas Shrugged movie shares. So far, so good.
    Soros operates in atmospheres way above my bottom-line. I can’t be affected; I have nothing to lose. Besides, someone taught me how to fish a long time ago.
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  • Posted by Mitch 9 years, 12 months ago
    I think so, it just boils down to timing…

    We did nothing to fix the housing market; ergo, handing out loans to people that shouldn’t be trusted to find their way out of a wet paper bag. We are still doing this today… We pumped money into the stock market until we forgot about the banks. We are still doing this today… Changed account rules to allow the banks to claim the price of the property when sold as opposed to the currently appraised value, places billions of phony money on their balance sheets. This is allowing the banks to make loans again to people that really shouldn’t have that kind of responsibility.

    We’ve been just kicking the can down the road and the road is coming to an end.
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