Thursday, March 26, 2009

Financial Crisis - For Fun and Profit!

Look who's having fun in the worldwide financial crisis!
Yup, you guessed it...George Soros.

From The Mail online
'I'm having a very good crisis,' says Soros as hedge fund managers make billions off recession

A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.

I love the way Soros will bring down and entire currency or country...if it means he will profit off of it! God knows after you've earned a few billion, you just can't get enough!

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Deja Pseu said...

From the NYT:
James H. Simons, a former math professor who has made billions year after year for the hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies. John A. Paulson, who rode to riches by betting against the housing market, came in second with reported gains of $2 billion. And George Soros, also a perennial name on the rich list of secretive moneymakers, pulled in $1.1 billion.

Belle de Ville said...

God...I hope that my son becomes one of these Quants!

Marian said...

Goodnes how interesting. I cant wait for the failing economy to get better!

Life Insurance Broker said...

I think Mr. Soros did an amazing job. Back in 2006 when everything in the garden was rosy, everyone was swilling champagne like it was water and economic meltdown was the last thing on peoples' minds, he stuck his neck out and argued against all his peers and predicted, pretty much dead on, when and how this crisis would happen and the extent of it. His prediction is on youtube.

Take care, Lorne

Belle de Ville said...

We don't live in a zero sum world. In any economic meltdown there is always someone getting rich and Soros has invested on the get rich side.
And let's face it, from his prediction in 2006...he wanted our current crisis to happen. It was in his best interest.

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