Out of Control: The Destructive Power of the Financial Markets - SPIEGEL ONLINE

[G_j]

Out of Control: The Destructive Power of the Financial Markets - SPIEGEL ONLINE - News - International

http://www.spiegel.de/international/business/0,1518,781590,00.html

The enemy looks friendly and unpretentious. With his scuffed shoes and thinning gray hair, John Taylor resembles an elderly sociology professor. Books line the dark, floor-to-ceiling wooden shelves in his office in Manhattan, alongside a bust of Theodore Roosevelt and an antique telescope.


Taylor is the chairman and CEO of FX Concepts, a hedge fund that specializes in currency speculation. It's the largest hedge fund of its kind worldwide, which is why Taylor is held partly responsible for the crash of the euro. Critics accuse Taylor and others like him of having exacerbated the government crisis in Greece and accelerated the collapse in Ireland.

People like Taylor are "like a pack of wolves" that seeks to tear entire countries to pieces, said Swedish Finance Minister Anders Borg. For that reason, they should be fought "without mercy," French President Nicolas Sarkozy raged. Andrew Cuomo, the former attorney general and current governor of New York, once likened short-sellers to "looters after a hurricane."

The German tabloid newspaper Bild sharply criticized Taylor on its website, writing: "This man is betting against the euro." If that is what he is doing, he is certainly successful. While Greece is threatened with bankruptcy, Taylor is listed among the world's 25 highest-paid hedge fund managers.

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[Arctic Dave]

1. Funny how the elite bitch only after they are screwed.

Here is a bit of help for them, MAKE IT ILLEGAL.

[Karenina]

2. K&R!

Na, Du! :loveya: