The thing about McDonals, a company making profits in a consensual trade is a total non-sequitur.
What I assume is disgusting is that the British Government's money actually belong to British taxpayers, who contributed it in the first place. Those taxpayers have reasonable expectations that this money will be used to indirectly benefit them or for the good of the British people at large, and not end up squandered.
Now other people correctly pointed out that the pound would have devaluated with or without Soros, so I don't think his actions where all that unethical. But as it happened so suddenly instead of the usual drawn-out game of rumors, some politicians clearly felt the burn.
It WAS a consensual trade between the British government and Soros, in effect.... the gov could have at any time earlier in the process stopped buying obviously over priced pounds, but they didn't.... yes, the gov was spending tax payers money in doing those deals, but the tax payers had selected John Major, and he was quite clear on his position in terms of monetary policy.
Yes it was, but that's nitpicking. I think you get my point: buying burgers and trying to manipulate the market are two rather different separate things.
What I assume is disgusting is that the British Government's money actually belong to British taxpayers, who contributed it in the first place. Those taxpayers have reasonable expectations that this money will be used to indirectly benefit them or for the good of the British people at large, and not end up squandered.
Now other people correctly pointed out that the pound would have devaluated with or without Soros, so I don't think his actions where all that unethical. But as it happened so suddenly instead of the usual drawn-out game of rumors, some politicians clearly felt the burn.