George Soros, billionaire money manager, had his turn to join fellow hedge fund managers testifying before Congress.
Soros made a point of scaring the hell out of them.
According to Reuters, Soros said “a deep recession is now inevitable and the possibility of a depression cannot be ruled out.”
He added “hedge funds will be “decimated” by the current financial crisis and forced to shrink their portfolios by 50-75 percent.”
Douglas A. McIntyre