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Planet Money

George Soros vs. the Bank of England

04 Dec 2024

Transcription

Full Episode

0.689 - 16.356 Stacey Vanik-Smith

This message comes from Bloomberg Businessweek's newest podcast, Everybody's Business, hosted by Stacey Vanek-Smith and Max Chafkin. The big business stories of the week are just a starting point to their discussion on what's really going on with the economy. Listen every Friday, wherever you get your podcasts.

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17.896 - 26.12 Alex

In the recent flurry of cabinet nominations Donald Trump has been proposing, one name stood out to us, Trump's pick for Treasury Secretary Scott Besant.

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26.493 - 42.782 Narrator

And that's because Scott Besson has worked in finance for decades, including for George Soros' hedge fund back in the 1990s. And it just so happens that when the announcement came out, we were most of the way through making an episode about George Soros' hedge fund back in the 1990s.

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43.163 - 58.848 Alex

Our show about something that happened three decades ago turned out to be way more topical than we thought it would be. What we made is not exactly the Scott Besson origin story, but, you know, come for the Treasury Secretary backgrounder. Stick around for the epic finance story.

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59.008 - 60.789 Narrator

Or just come for the epic finance story.

60.969 - 62.29 Alex

Either way, here is the show.

63.671 - 65.693

This is Planet Money from NPR.

69.096 - 85.24 Narrator

The name George Soros means a lot of different things to a lot of different people. For some folks, he is primarily known as a philanthropist for his support of human rights and democracy around the world. Here is Soros on Fresh Air in 2006 talking about the foundations he funds.

85.626 - 94.429

Basically, the function is to support civil society in holding governments accountable.

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