Soros buying big into Lehman, what is he up to now?

Question

"Lehman Brothers, the fourth-largest U.S. investment bank, has seen its shares drop precipitously, leading many to speculate that the firm is headed for bankruptcy.

Don’t count hedge fund legend George Soros among the doubters. The man who once made $1 billion betting against the pound has lifted his stake in Lehman to 9.47 million shares as of June 30 from only 10,000 shares three months earlier.

The heavy buying, which Soros revealed in a filing with the Securities and Exchange Commission, gives him a 1.4 percent stake in the securities firm."

Soros has declined to comment on the reasons for his purchase."

what is he up to now and is he 'messing' with our economy like he has done in other nations.

http://money.newsmax.com/streettalk/soros_lehman_buy/2008/08/21/124019.html?s=al&promo_code=6859-1

Answer 1

He needs more and more money so he can financially support candidates all over the Western world and complete his anti-Western dream.  There's been a lot of wealthy people in this world in history, but there hasn't been someone as dangerous as Soros in a long time.

Answer 2

He is making money as usual.

Is that a crime?

Funny?

What are you, a communist?

Answer 3

If he steps foot in Thailand they well tear him apart He and he along caused the Asia melt down in 1997 by ''playing'' with the Thia baht

Answer 4

Or he could be investing in what he believes is an undervalued stock...Thats a bold move, but hes a billionaire and I'm not...so what do i know.  

Answer 5

One thing we do know about this man----nothing he ever does is out of benevolence-----his reasons are always for gaining more wealth in one way or another----he has a very dark side about him.

  

Answer 6

I know..maybe he has a lot of money and he has to put it someplace and Lehman looked like a good deal.  You don't want to punish success do you?

Answer 7

It wouldn't surprise me one bit.  He's probably just laying a little groundwork for his guy Obama, so that if he's elected, it will just be a matter of time before we are "globalized".  He's a snake in the grass for sure, and Obama is his stooge.

Answer 8

You neocons are out of your minds. Seriously. "What's he up to?"  He's up to trying to make money, just like thousands of other investors.  Only the right wing would try to make something so innocuous look suspicious.  Try taking off the tinfoil hat and maybe you won't see bogus left wing conspiracies lurking everywhere.