Summary
HeDGe fund manager George Soros has warned that "Britain may have to seek IMf rescue", according to a times headliene. It was unnerving stuff which made one wonder what Soros knew that caused him to be so alarmist -- particularly as it contrasted sharply with the encouraging news that the financial Services Authority had given Barclays a relatively clean bill of health.
the Soros warning turns out to be no such thing. In the interview he was asked about the chances of Britain having to seek help from the IMf. He said that if the banking system continued to collapse it was "a possibility". At this stage, it was "not a likelihood".See the full content of this document
Extract
Soros and the Bleedin' Obvious [Edition 2]
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