''I think there's a built-in conflict between making money in public markets and improving the world,'' said James Grant, editor of a newsletter, Grant's Interest Rate Observer, and the author of several studies of financial markets. ''Soros is out there telling you what he's done, what he's going to do and how he'll save the world. I think there's a conflict because those goals seem at cross-purposes.''
''It raises questions about inside information when you're able to talk to central bankers and policy makers at the same time that you're involved in financial markets,'' Mr. Grant said.
For his part, Mr. Soros, dapper and attentive, defended his probity in a wide-ranging interview last week, saying he has always strived to keep separate his roles as a hard-nosed trader placing global bets and a financial guru able to rub elbows with the highest of the high and mighty. Though he had run-ins with American regulators in the 1970's and 80's, he has never been accused of insider trading or similar financial wrongdoing." [emphasis mine]
He's "tried" to separate his roles? Tried? Come on. If Martha Stewart went to jail, I'm guessing there's about a billion ways to send Soros there, not that I'd necessarily advocate that.