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Emperor's Clothes
Sure I did it -
"Mr Soros admitted that 'hedge funds
like mine did play a role in the Asian currency
turmoil'. But he has not disclosed to what extent his
Soros Fund Management was involved in the baht market."
('The Daily
Telegraph' (London)
July 28, 2001)
But I wasn't alone!
"It was not the Quantum Fund alone
that was raiding Southeast Asian currencies. Other US
and European hedge funds and investment banks also
took part in the attack that sent the regional
financial markets into turmoil. The traditional war
of guns and canons was transformed into the currency
war, waged on computer screens. Later it was also
discovered that local banks and corporations in
Southeast Asia also speculated against their own
currencies....
"Soros acknowledges that there was
pressure from the US and the IMF to encourage
countries to prematurely open up or liberalise their
financial markets, which was an important factor in
triggering the crisis." ('The Nation', (Thailand),
January 29, 2001)
Now he's coming...
Now he aint!
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