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How George Soros Broke the Bank of England!

Patrick Boyle On Finance

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Introduction

Stanley Druckenmiller did most of the research that led to Black Wednesday 1992. He had dropped out of graduate school without a degree and began his career in finance by first failing the training program for loan officers at Pittsburgh National Bank. The two men didn't always see eye-to-eye, with one argument erupting during an argument over Soros' decision to sell their bond position after he hadn't consulted him.

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