I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
George SorosOnce we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.
George SorosYou need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest opportunity, but is trying to govern well.
George SorosAlthough I have made a fortune in the financial markets, I now fear that the untrammeled intensification of laissez-faire capitalism and the spread of market values into all areas of life is endangering our open and democratic society. The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.
George SorosYou could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
George Soros