George Soros: U.S. financial system still on life support

04/13/2009 | ClipSyndicate

Investor George Soros, founder of Soros Fund Management, says that after the Lehman Brothers bankruptcy the U.S. financial system effectively collapsed and it remains on life support today. "The banking system is basically under water," he said. The government's failure to recapitalize the banks is going to be a serous drag on the recovery, Soros said.

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