2009-02-21 Soros sees no bottom for world financial collapse

2009-02-21  Reuters \2008 financial meltdown\George Soros http://www.reuters.com/article/newsOne/idUSTRE51K0A920090221 Soros sees no bottom for world financial "collapse" Soros sees no bottom for world financial collapse  Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

&ldquo;Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.&rdquo;   