George Soros: 300 to 600 billion USD needed to counter impact of financial crisis

George Soros in an interview with a German media said that the US economy needs 300 to 600 billion USD to counter the impact from the financial crisis. He says that US needs an infrastructure plan and a basket of economic stimulus packages in order to provide enough cash to the various states and cities.

He says that the seriousness of the crisis this time has surpassed his earlier 'boldest estimations'.

George Soros says that US treasury secretary Henry Paulson was slow in reactions to the financial crisis. George Soros says that Henry Paulson only reacts after the problem occurs and that he cannot predict what problems could be coming.