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Billionaire financier George Soros says he sympathizes with protesters speaking out against corporate greed in ongoing protests on Wall Street.

Soros answered a question about the protests During a Monday news conference at U.N. headquarters about his participation in a large-scale development project in rural Africa.

Soros says he understands the frustrations of small business owners, for instance those who have seen credit card charges soar during the current crisis.

Soros founded the Open Society Foundations. He and Earth Institute at Columbia University director Jeffrey Sachs are announcing the newest phase of the Millennium Villages Project, which works closely with several U.N. agencies.