Billionaire investor Leon Cooperman has sounded the alarm about a potential financial crisis stemming from the U.S. government's soaring debt, criticizing both presidential candidates for failing to address the issue. Cooperman, chairman and CEO of Omega Family Office, argues that the country's 'enormous' debt buildup is unchecked and warns of a future crisis where the debt becomes irrelevant.
Billionaire investor Leon Cooperman is warning of a potential crisis on the horizon as lawmakers fail to put a stop to the country’s increasing debt. Leon Cooperman , chairman and CEO of Omega Family Office, sounded the alarm about the "very serious issues" plaguing the U.S. as the country’s "enormous" debt buildup continues to go unchecked. "I think we’re heading to a potential financial crisis as a result of the enormous buildup of debt in this country.
Cooperman argued that the country’s out of control spending could be attributed to its lack of leadership. "We have a system of government that is evolved. It's called leadership at a crisis. You know, I had tears flowing down my cheeks recently when I saw the Reagan movie. You know, basically, we just don't have any leadership in the country today," he stressed. "We don’t have principled people in charge. And that’s my view. And I could be dead wrong.
suspect that Donald Trump would be better for my pocketbook. No question about it," Cooperman said.While that may be the case for the Omega Family Office chairman, Cooperman said that he cannot look past the former president’s deportment. "I’m more aligned the Republican platform, but not the candidate," he expressed. Cooperman explained that despite being a centrist in nature, he is "more Republican" in his thinking.
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