Exchange rate mechanism

How did George Soros break the Bank of England? How did he predict the downfall of the pound? Was he an investing genius or an evil money-hungry cash pirate?

For those of you don't even know the story, then that's up to you to decide. But one thing's for sure: On Sept. 16, 1992, he gave the Bank of England a run for their money.

One that took them years to get it back. Here's how Soros broke the Bank of England and walked (actually ran) away with 1 billion dollars...