Sir Donald acquitted in Hong Kong

https://www.scmp.com/news/hong-kong/law-and-crime/article/3016085/vindication-former-hong-kong-chief-executive-donald

Sir Donald is credited for building the sovereign fund for Hong Kong, a by-product of his decisive interference in the market to drive George Soros away during the 1998 financial crisis which led to the collapse of many Asian countries.

https://www.scmp.com/news/hong-kong/law-and-crime/article/3016085/vindication-former-hong-kong-chief-executive-donald

Sir Donald Tsang, former Chief Executive of Hong Kong, the only person to beat George Soros, Harvard master has been acquitted by Hong Kong's Court of Final Appeal after being sentenced (and served in full) a year in jail.

It is widely believed by the Hong Kong public that the Hong Kong government decided to go after him because Beijing was not happy with his minor defiance against them when Sir Donald was governing Hong Kong.

Sir Donald is credited for building the sovereign fund for Hong Kong, a by-product of his decisive interference in the market to drive George Soros away during the 1998 financial crisis which led to the collapse of many Asian countries.

The honourable knight also entered office with a very high approval rating, following the resignation of disgraced leader, Liverpool University graduate Tung Chee-hwa, who left office after hundreds of thousands of Hongkongese marched against a proposed national security bill.

The Grand Bauhinia Medalist did not manage to get democracy for Hong Kong, but he did expand on its existing democracy by creating several more directly elected seats, thus making the Legislative Council mostly democratically elected.

The Harvard University master in public administration however was accused of colluding with the real estate companies to allow Hong Kong's housing prices to skyrocket to the most affordable in the entire world. Hong Kong has earlier set the world record for the world's most expensive house with a $446 million mansion which is only 7,725 square feet in size. Prior to that, a single parking space was sold for $760,000 in Hong Kong.

I don't keep up with Hong Kong affairs as much as I should do so wasn't aware any of this happened. (I really need to watch TVB News more often. ) On a more serious note it's sad to see Sir Donald Tsang in ill health to be honest.

What have you lot got against Soros? Is this another crackpot idea that is the sole preserve of morons that he somehow controls the world?

Why do the right wing always use Soros as a scapegoat? He's not some kind of god who can cause entire financial meltdowns lol. He's just a guy who worked hard and has a bit more cash than average.

Soros was a scapegoat?! You know nothing about the 1997 Asian financial crisis, do you?

Straight from Soros's mouth:

“...by selling the Thai baht short in January 1997, the Quantum Fund managed by my investment company sent a market signal that the baht may be overvalued."

One person of course couldn't stage the whole crisis. But a $1 billion sudden bet against a weak currency such as the one from Thailand can reasonably attract a lot more investors to do the same, which will in turn lead to everyone panicking and exaggerating the effects.

And this is why Sir Donald won against Soros. Sir Donald, as Hong Kong's Financial Secretary at the time, decisively used Hong Kong's reserves to intervene in the market so fewer people would follow Soros's bet against the Hong Kong Dollar.

Oh yes, Soros works very hard. He worked very hard to destroy the livelihood of tens of millions of people, and now he's working very hard to clean up his image.

In future, if you're going to quote me, actually make a point instead of peddling conspiracy theories please.

Do you know how to read? Soros said his investment fund did it. So now you're saying Soros is making up a conspiracy theory about himself?

Probably a damn sight better than you
No, i'm saying you are. What was that comment about reading again?

So quoting Soros describing how his fund triggered the crisis in Thailand was a conspiracy theory?

Which part of "Soros said it himself" are you not able to comprehend?

Have you completely lost it?

In future if you're going to quote me, please make a point instead of simply throwing a random accusation without evidence to back up your claim.

He always does this when backed into a corner. Just throws distractions and awkward attempts at comedy while not acknowledging the point. I've had this exact same conversations with other leftists and had to resort to sitting them down in a clockwork orange type forced viewing scenario to watch soros himself admit to what they're denying he did.

Why do the right wing always use Soros as a scapegoat? He's not some kind of god who can cause entire financial meltdowns lol. He's just a guy who worked hard and has a bit more cash than average.

Spotting the writing on the wall, Britain upped its interest rates to the teens to attract people to the pound, but speculators, George Soros among them, began heavy shorting of the currency.

The British government gave in and withdrew from the ERM as it became clear that it was losing billions trying to buoy its currency artificially. Although it was a bitter pill to swallow, the pound came back stronger because the excess interest and high inflation were forced out of the British economy following the beating. Soros pocketed $1 billion on the deal and cemented his reputation as the premier currency speculator in the world.