[ April 19, 2024 ]
In case you thought the fix wasn't in:
From today's Wall Street Journal hat tip s
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Among 2008's top moneymakers………….
hedge-fund legend
George Soros. He took in $1.1 billion, partly by making "a good call
against the dollar," said Alpha. The dollar rebounded starting in
August, ending a years-long decline.
UPDATE: So Soros is showing off how he raped the people. Will Obama comment on this? Will Soros puppets in the Hussein administration rail against this – or will they continue to place in effigy the AIG execs, this week's straw men. Depraved.
'I'm having a very good crisis,' says Soros as hedge fund managers make billions off recession
George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.
Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the gloabal storm.
But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.
And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.
'It is, in a way, the culminating point of my life’s work,' he told national newspaper The Australian.
Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year.
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