Archive for January 22nd, 2009

Daily Archive
Thursday, January 22nd, 2009

Video Interview: Marc Faber downbeat on bailouts


Marc Faber said that the new bank bailouts are not likely to work because they are run by the same people who prolonged the economic agony by throwing money at weak companies rather than allowing them to fail and encouraging the strong ones. View this video for Faber’s opinions on the financial crisis, the danger of government bonds being downgraded in the wake of the massive bailout plans, as well as the outlook for stock markets, currencies and commodities.

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