George Soros Weighs In

Greenspan, King see more pain for banks, U.S.
Soros said in a lecture at New York University that the U.S. economy was on the verge of a serious correction and that the Federal Reserve may be underestimating the potential slowdown.

"I think we are definitely in for a slowdown that I think will be a bigger slowdown than (Fed Chairman Ben) Bernanke is seeing," Soros said.