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A comment on The Trade of the Century: When George Soros Broke the British Pound. Parent comment

Re:The Trade of the Century: When George Soros Broke the Bri... by truantbuick on Thursday May 15, 2014 @06:54PM (#7752744)
Using these kind of game metaphors just shallowly rationalizes something of far more importance, IMO. Legal or not, a country was worse off because of his direct and deliberate actions.
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Re:The Trade of the Century: When George Soros Broke the Bri... by justin66 on Thursday May 15, 2014 @07:11PM (#7752839)
> Legal or not, a country was worse off because of his direct and deliberate actions.

You're talking about the Chancellor of the Exchequer who decided it was rational to keep pouring money into the other side of the trade Soros was making, I hope.

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Re:The Trade of the Century: When George Soros Broke the Bri... by kansface on Thursday May 15, 2014 @08:46PM (#7753163)
"a country was worse off because of his direct and deliberate actions"

The country was worse off because its fiscal policy, determined via politics, amounted to a completely untenable long term position. An epic disaster was the only possible conclusion.

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Re:The Trade of the Century: When George Soros Broke the Bri... by craigjb on Thursday May 15, 2014 @10:24PM (#7753412)
Well I'm glad someone made the entire country pay for the Chancellor of the Exchequer's decisions.
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Re:The Trade of the Century: When George Soros Broke the Bri... by guard-of-terra on Friday May 16, 2014 @08:04AM (#7755012)
Didn't you, I don't know, elect them? Who is there to blame?
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Re:The Trade of the Century: When George Soros Broke the Bri... by AndrewBissell on Thursday May 15, 2014 @07:02PM (#7752786)
No, the country was worse off because of its government's decision to prop up the currency in an unsustainable way. Soros just happened to be the instrument by which the market finally clobbered England over the head. It could have been some other speculator or group of speculators, and it could have played out over a longer time period (possibly at even greater loss to the British public), but it would have happened sooner or later.
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