Sunday, February 22, 2009
Soros Says Financial Crisis Marks End of a Free-Market Model
The philosophy of “market-fundamentalism” was now under question as financial markets have proved to be inefficient and affected by biases rather than driven by all the available information, he said.
"A more effective approach for restarting the economy would be to inject capital directly into the banks and cut minimum capital requirements," Soros said.
Sounds like he's been listening to my radio show and reading my blog! However, I said eliminate capital requirements.
Read full story here.