If anyone’s well placed to comment on the reasons for the financial mess the world’s in right now, it’s George Soros. Marketed as a cuddly philanthropist, he’s one of those small few who made a staggering fortune from obscure financial instruments like those he talks about as he explains how CDOs, swap buyings and ‘toxic waste’ mortgages led us to where we are. It’s possible simple greed caused all this trouble, but just as likely that many of us simply aren’t equipped to understand such abstracts. He could have written in plainer language and if you can stay with it past the introduction, maybe you’re one of the chosen few.

This entry was posted on Sunday, January 18th, 2009 at 4:51 pm and is filed under Books & Publishing, The Sun Herald. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.