Tuesday, April 7, 2009

George Soros warns 'zombie' banks could suck lifeblood out of economy

Julia Kollewe
guardian.co.uk, Tuesday 7 April 2009

"Billionaire investor George Soros has warned that bailing out banks could turn them into "zombies" that suck the lifeblood of the American economy, which he predicted is in for a "lasting slowdown".

He also cautioned that the recent rise in global stockmarkets is a "bear market rally because we have not yet turned the economy around"........"

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