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  1. #1
    Senior Member AirborneSapper7's Avatar
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    Soros: U.S. Must Save Emerging Markets

    Soros: U.S. Must Save Emerging Markets

    Wednesday, October 29, 2008 9:56 AM

    By: Julie Crawshaw

    Billionaire George Soros warns that the United States must act immediately to save emerging-market countries from the global financial crisis.

    Developed countries enjoy far more regulatory power over financial markets than do emerging markets, Soros writes in the Financial Times.

    As evidence, Soros cites the veto rights the United States holds at the International Monetary Fund (IMF).

    The result of this imbalance is that international monetary policies provide less stability and protection for emerging markets.

    “The so-called Washington Consensus imposed strict market discipline on other countries, but the U.S. was exempt from it,â€
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  2. #2
    Senior Member agrneydgrl's Avatar
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    Tell Soros to stuff it. This is partly his fault and his plan to destroy the US.

  3. #3
    Senior Member AirborneSapper7's Avatar
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    I agree completely... thats why I posted this
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  4. #4

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    Maybe soros should put his billions up for grabs to help third world nations.PUT YOUR MONEY WHERE YOU MOUTH IS soros!
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  5. #5
    Senior Member Bowman's Avatar
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    Quote Originally Posted by Justonehero
    Maybe soros should put his billions up for grabs to help third world nations.PUT YOUR MONEY WHERE YOU MOUTH IS soros!
    You beat me to it, I was going to say the same thing.
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