<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=Windows-1252"> <META content="MSHTML 6.00.2800.1478" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial size=2>Briefly, Soros then talked about the current market situation: I</FONT></DIV> <DIV><FONT face=Arial size=2>time, Soros knew that he had to move quickly to quash those rumors.</FONT></DIV> <DIV><FONT face=Arial size=2>U.S. government to let the yen fall.</FONT></DIV> <DIV><FONT face=Arial size=2>to sell part of their holdings, such as Japanese securities and some</FONT></DIV> <DIV><FONT face=Arial size=2>wrong tree. He turned to his theories to explain why.</FONT></DIV> <DIV><FONT face=Arial size=2>to find out whether the hedge-fund operators were as Machiavellian</FONT></DIV> <DIV><IMG alt="" hspace=0 src="cid:000501c793e2$4d7650c0$636bbc50@billing" align=baseline border=0></A></DIV> <DIV><FONT face=Arial size=2>237 Mr. Soros Goes to Washington</FONT></DIV> <DIV><FONT face=Arial size=2>reported. The fund was, as of February 23, down only 2.7 percent.</FONT></DIV> <DIV><FONT face=Arial size=2>It was time to put some perspective on the Soros loss.</FONT></DIV> <DIV><FONT face=Arial size=2>had already been committed in the past six months to projects in</FONT></DIV> <DIV><FONT face=Arial size=2>To be sure, the $600 million loss had a serious effect on Soross</FONT></DIV> <DIV><FONT face=Arial size=2>Twenty-six</FONT></DIV> <DIV><FONT face=Arial size=2>yen to the dollar, a change of nearly 5 percent from its close the previous</FONT></DIV></BODY></BODY></HTML>