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Hidden financial system
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.   ~~~  Arthur Schopenhauer
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George Soros sells all shares of Citigroup, Bank of America and JP Morgan

George Soros sells all shares of Citigroup, Bank of America and JP Morgan | Hidden financial system | Scoop.it

 

Is this a sign of trouble ahead for the banking industry?

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Soros (and others) flees bank stocks

Soros (and others) flees bank stocks | Hidden financial system | Scoop.it

Soros cashed out of most of his financial holdings during the second quarter. He sold all his shares of large banks, including Goldman Sachs (GS), Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC), as well as smaller banks like Regions Financial (RF) and Fifth Third Bank (FITB). He did hang onto his stake in SunTrust Banks (STI).

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Billionaire George Soros Bets $1.3 Billion on U.S. Stock Market Crash

Billionaire George Soros Bets $1.3 Billion on U.S. Stock Market Crash | Hidden financial system | Scoop.it

 

According to the latest 13F filed by Soros Fund Management, LLC made available last Friday, George Soros has dramatically increased his “put” position on the S&P 500 ETF (SPY) in the fourth quarter of 2013. In fact, the negative bet by Soros last quarter represents a huge 150%+ increase from his position in the third quarter. 

 

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