Great Minds Think Alike

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Billionaire hedge-fund manager George Soros said yesterday that "the change to fair-value accounting rules will keep zombie banks alive", while "the Obama administration is basically nationalizing only one side of their balance sheets", namely "the deficits which are difficult to estimate, but should be in the region of maybe a trillion-and-a-half dollars".

With such insightful thinking, it's no wonder he got paid USD 1.1 billion last year. Nevertheless, we think it is almost impossible for him to have independently reached exactly the same complicated conclusions that we published yesterday, and therefore we feel honored and privileged to have Mr. Soros amongst our readers...
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