Soros slams US, EU leaders for 'slow' response to financial crisis
By JERUSALEM POST STAFF
Outspoken billionaire investor George Soros on Sunday criticized US and European officials for taking too long to effectively address the financial crisis.
Treasury Secretary Henry Paulson was "very slow" to react because his "market fundamentalist beliefs" made him reluctant to take the necessary steps to respond to the credit crunch, Soros said.
European leaders, meanwhile, on Sunday finally "got religion and realized this is a serious problem they've got to address," he said.
"This is the crisis of my lifetime. I haven't seen anything like it and I won't see anything like it again," Soros said.
Financial regulators "have been consistently behind the curve," he added.
Soros is an outspoken critic of President George W. Bush and has donated heavily to Democratic political campaigns. He made a fortune betting on global currency markets.
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