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 thatit will provide up to $10 billion in loansto finance the development of massive hydrocarbon reserves off Brazil’s coast.
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