-----------------or MORON ECONOMY?
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Soros: Fannie, Freddie crisis not the last- Reuters
- , Monday July 14 2008
http://www.guardian.co.uk/business/feedarticle/7651530
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It seems that we are stranded up that well known scatalogical tributary in a conveyance of ferrous metal with no means of locomotion.
In other words, (well, you get the picture) we are in deep do-do.
Thank you Mr. Bush. You are a marvel.
Quote from the article:
"This incident (with Fannie and Freddie) is not the last one," Soros told Reuters in a phone interview, adding the year-long global financial market turmoil represented "the most serious financial crisis of our lifetime".
Mr. Soros seems to have a very dim view of both short and longterm prospects. A disturbing thought.
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