Soros: Obama "Lost a Great Opportunity" to Fix the Banks

Posted Apr 09, 2009 07:17am EDT by Aaron Task

George Soros was an early and avid supporter of Barack Obama, so it's probably no surprise he gives the President high marks for his handling of international affairs, the stimulus package, the budget (the famed financier calls it "very courageous") and for "stabilizing" the financial crisis.

But President Obama "lost a great opportunity" by not taking a more radical approach in dealing with the banks, Soros says. "There's too much continuity with the bumbling and mishandling by the previous administration. Not enough discontinuity."