1.30.2005

Soros on Greenspan

Unfortunately, this is probably quite correct.

"``Greenspan lost credibility with me when he became too political,'' said Soros, 74, in an interview today at the World Economic Forum in Davos, Switzerland. ``He tried to push interest rates further down in order to help the re-election campaign, and also reached out beyond his sphere of competence by advocating tax cuts which then led to the current deficit.''