Reuters: Soros: Global subprime losses likely above $1 trillion

[chris]

Soros: Global subprime losses likely above $1 trillion
      

NEW YORK (Reuters) - George Soros, the hedge fund legend and billionaire philanthropist, said on Wednesday the subprime mortgage crisis is likely to cause global losses of over $1 trillion, characterizing the situation as the most severe since the Great Depression.
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