George Soros has compared the financial crisis with the collapse of the Soviet Union.

American billionaire George Soros has compared the current global economic crisis with the collapse of the Soviet Union on the seriousness of the consequences for the world community and announced that he had not yet reached the "bottom" in the near future is unlikely to reach the agency Reuters.
Speaking at a conference at Columbia University, where on 20 February brought together the world's leading economic experts, Soros said that even during the Great Depression in the U.S. financial situation was not so bad as now. According to him, from bankruptcy bank Lehman Brothers global financial system collapsed and was placed on "artificial life support machines."
Recall that recently in the newspaper Vedomosti published an article by Soros entitled "Global anti-crisis policy: Create a new money." In her well-known financier to overcome the crisis offered to support countries with emerging economies and the reform of the major financial institutions like the IMF and World Bank.
At the same conference at Columbia University as transfers Associated Press, was made and the former head of the U.S. Federal Reserve, and adviser to Barack Obama, Paul Volcker, who also said that even during the Great Depression, the world economy was in better condition.
Walker did not give any predictions on the timing of financial crisis and propose measures to overcome, but in favor of the need to establish strict financial controls, would avoid the recurrence of similar situations in the future.