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$11 billion bailout from United States taxpayers On March 15, 2009, AIG disclosed that, among its counterparties, Société Générale was to date the largest recipient of both credit default swap (CDS) collateral postings ($4.1 bn) and CDS payments ($6.9 bn), paid in whole or part by U.S. taxpayers.
(Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Sat Feb 21, 2009 4:19pm EST
Reuters) - The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 on Sunday urging the creation of international regulations to oversee global markets.
Sun Jun 21, 2009 1:03pm EDT
George Soros buys gold despite dubbing it 'ultimate bubble'
George Soros doubled his investment in the world's largest gold fund – just weeks before claiming investing in the precious metal is now the "ultimate bubble".
By James Quinn, US Business Editor
Published: 10:44PM GMT 17 Feb 2010
Davos 2010: George Soros warns gold is now the 'ultimate bubble'
Gold is now "the ultimate bubble", billionaire investor George Soros has declared, sparking fears that prices for the precious metal may soon suffer a tumble.
By Edmund Conway in Davos Published: 6:15AM GMT 28 Jan 2010
Greece needs concessionary rates from Germany: Soros
Published on Sun, Apr 11, 2010 at 08:13
Billionaire financier George Soros said on Friday the Greek debt crisis was solvable if Germany agreed that any emerging lending would be made with concessionary interest rates. Current market rates were exaggerated by confusion about how a bailout might work, he told Reuters in an interview. "If Germany was willing to find a way ... of lending at concessional rates, market rates would come down, he said, on the sidelines of an economic conference.
April 11 (Bloomberg) --
Germany is prepared to give Greece loans at below-market interest rates, dropping its opposition to subsidies as European finance ministers meet to discuss the terms of a lifeline for the debt-stricken nation, a European government official said.