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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: joseffy who wrote (304164)	2/11/2011 10:14:06 AM
From: bull_dozer	Respond to of 306849

Soros Joins Paulson Saying Fed Did Too Little to Prevent Financial Crisis George Soros and John Paulson, who oversee two of the world’s largest hedge funds, say the Federal Reserve helped cause the financial crisis through inaction and lack of oversight, according to interviews released yesterday. Paulson, whose Paulson & Co. made $15 billion betting against subprime mortgages in 2007, said better supervision of home loans by the central bank would have helped prevent the crisis. Soros, chairman of the $27 billion Soros Fund Management LLC, said the Fed should have saved Lehman Brothers Holdings Inc. from collapse in 2008. Both men were interviewed by the Financial Crisis Inquiry Commission in October. bloomberg.com