Thursday, July 29, 2010

Extracurricular Stuff

I have too much time on hands so I have been reading some interesting stuff....

  • The man who broke the Bank of England - George Soros
  • A correspondant who broke to tears when HSBC shares fell to $33HKD from $37 in a matter of 3 seconds
  • How the government responded by using its foreign reserves to buy back its stock and make a recovery
  • How George Soros complemented SAR's effort to curb shortselling (?) and admitted failure

I will post when I feel like doing so. Thank you for reading!

2 comments:

pesmegaara said...

Question: Why did the government used its foreign reserves and not its own currency to buy back the stocks?

pesmegaara said...

fiscal reserves* I think you mean