IPFS News Link • Obama Administration
Soros Calls Wall Street Profits a Gift From the State
• Economic Policy Journal The big profits made by some of Wall Street’s leading banks are “hidden gifts” from the state, and taxpayer resentment of such companies is “justified”, Soros said in an interview with FT. “Those earnings are not the achievement of risk-takers,” Soros said. “These are gifts, hidden gifts, from the government, so I don’t think that those monies should be used to pay bonuses. There’s a resentment which I think is justified.”
Soros did not comment on the near billion dollars he invested in Petroleo Brasileiro, that was magically followed by the Obama administration announcement that it will provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil’s coast.
Soros did not comment on the near billion dollars he invested in Petroleo Brasileiro, that was magically followed by the Obama administration announcement that it will provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil’s coast.
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