The Trade of the Century: When George Soros Broke the British Pound

Re:The Trade of the Century: When George Soros Broke the Bri... by zacinbusiness on Thursday May 15, 2014 @11:15PM (#7753537)

An elite few wealthy politicians decided how millions of people's money would act in the global economy. They made a bad call, obviously. But Soros and company weren't forced to "go for the jugular." They could have effectively "taught the British government a lesson" by making a few hundred million dollars and leaving the currency in tact, rather than completely decimating it. It's just greed. And the fact that so few people can see that is alarming.

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Re:The Trade of the Century: When George Soros Broke the Bri... by AnimalMuppet on Friday May 16, 2014 @01:32PM (#7756667)

But see, a few hundred million would not have taught them any lesson. They would have accepted that as the price of maintaining the pound in the range that the ERM said it needed to be in, and continued to do so. It was only when the losses became unacceptable that the politicians stopped acting foolishly.

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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 @08:19AM (#7755053)

I see a lot of comments like this, presumably from UK citizens, and it looks like 99% income tax never taught you something. Alarmingly socialist world views for someone in the middle of Planet's biggest bank.

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