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Soros Sees No Bottom for World Financial "Collapse" $George Soros listens to economists speaking at the \"Emerging from the Financial Crisis\" annual conference at Columbia University, February 20, 2009. (Reuters/Chip East)$ NEW YORK - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union. He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

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Soros Sees No Bottom for World Financial "Collapse"

$George Soros listens to economists speaking at the \"Emerging from the Financial Crisis\" annual conference at Columbia University, February 20, 2009. (Reuters/Chip East)$

NEW YORK - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.