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End of Financial Crisis Could Be in Sight
October 12, 2008
by Nathan Gardels
George Soros, the financier and philanthropist, is author most recently of The New
Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means. He spoke
with me in Washington, D.C., where the IMF and World Bank are meeting, on Sunday.
Nathan Gardels: Lets talk first about the nature of the crisis. Thanks to low interest rates,
global liquidity and deregulation, we have had a 25-year, self-reinforcing credit expansion
bubble, leading to irrational exuberance, as it was once said, in financial m
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