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Today is Monday, March 22, 2010 at
-
Countdown to Market Close:
Bloomberg – Billionaire investor George Soros said the current economic upheaval has its roots in the financial deregulation of the 1980s and signals the end of a free-market model that has since dominated capitalist countries.
Liberalization of the financial industry begun by the Reagan administration has led to a series of crises forcing government intervention, Soros told economists and bankers at a Feb. 20 private dinner at Columbia University in New York. The global recession, triggered by the collapse of the U.S. housing market, has “damaged the financial system itself,” he said.
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Tags:
1980s ,
billionaire ,
capitalist countries ,
collapse ,
columbia-university ,
crises ,
economic upheaval ,
economists ,
financial deregulation ,
george soros ,
global recession ,
government-intervention ,
housing-market ,
investor ,
liberalization ,
market model ,
private dinner ,
reagan administration ,
roots ,
signals ,
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Tags: 1980s , billionaire , capitalist countries , collapse , columbia-university , crises , economic upheaval , economists , financial deregulation , george soros , global recession , government-intervention , housing-market , investor , liberalization , market model , private dinner , reagan administration , roots , signals
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