It’s one thing for college kids or working stiffs to pass a joint and wax philosophical about buying pot from a dealer versus a store. It’s quite another thing when a billionaire gives $1m to the marijuana legalization effort. George Soros did just that this week to support California’s Proposition 19 vote next week to
George Soros
George Soros just published a speech he gave today on how market bubbles are formed, and the regulatory implications of his theory. Full speech below, with some bold highlights we added as markers. Well worth the read. George Soros Speech, Institute of International Finance Vienna, Austria, June 10, 2010 In the week following the bankruptcy
As George Soros announced a $50m campaign to fund efforts to squash free market zealotry among market participants and politicians, Robert Johnson, the former Soros Fund Management managing director he’s chosen to head the effort had this to say: “The Keynesians were romantic about the possibilities of governments. The free-marketers were romantic about the possibilities
As George Soros announced a $50m campaign to fund efforts to squash free market zealotry among market participants and politicians, Robert Johnson, the former Soros Fund Management managing director he’s chosen to head the effort had this to say: “The Keynesians were romantic about the possibilities of governments. The free-marketers were romantic about the possibilities
RATE UPDATE & LOCKING STRATEGY Rates have traded in a half-point range in the two weeks since my last report. This kind of volatility is standard right now as markets struggle to reconcile dismal economic news with massive government stimulus. It’s somewhat futile to display rates at the bottom of this report because they swing
Below is a proposal from George Soros on how to bailout the banks. It’s on his website and recently ran in the Financial Times. His proposal weighs two ideas: (1) the ‘bad bank’ idea that’s been floating around which says that the FDIC leads an effort, modeled after the original TARP incarnation, to buy illiquid
The FDIC is increasingly looking like the candidate to run the ‘bad bank’ that would help to unwind bad assets still on bank’s books. This was the original intent of the TARP: FDIC Chairman Sheila Bair is pushing to run the operation, which would buy the toxic assets clogging banks’ balance sheets, one of the
This week’s New York Review of Books has a worthwhile feature from George Soros on the financial crisis. In the first three sections, he covers a lot of the history of how this crisis came to be. Section 4, excerpted below, covers solutions which contain a familiar refrain: we need better regulation but not too
The following was published by George Soros, offering a way forward for mortgage loan securitization. Soros is chairman of Soros Fund Management and the author of The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means (Public Affairs, 2008). This mortgage securitization concept is among the ideas discussed in the