Marc Faber: Let the crisis burn itself out

Posted on September 24, 2008 by dandelionsalad

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Marc Faber said on CNBC on Tuesday, 2008.09.23, that the best (solution) is to let the crisis burn itself out and clean the system, even with pain for people on Wall Street, and the banning shortsellers won’t solve anything.

more about “Marc Faber: Let the crisis burn itsel…“, posted with vodpod

see

Marc Faber about Lehman Brothers bankruptcy

The Bush Administration’s Banking Rescue Plan by Rodrigue Tremblay

The Economy Sucks and or Collapse

The Paulson-Bernanke Bank Bailout: Will the Cure be Worse than the Disease? by Michael Hudson

Tell Congress: No to Bailout! (Action alerts)

Financial Bailout: America’s Own Kleptocracy by Michael Hudson

Now Is the Time to Resist Wall Street’s Shock Doctrine By Naomi Klein

“Mortgage Fraud”: The Paulson Bail-Out Plan by Richard C. Cook

Filed under: Business, Capitalism, Corporations, Dandelion Salad News or Politics, Dandelion Salad Videos, Economy, Politics | Tagged: , ,

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16 Responses

  4. Lawmakers Reach Accord on Huge Financial Rescue « Dandelion Salad, on September 28th, 2008 at 3:15 AM Said:

    [...] Marc Faber: Let the crisis burn itself out [...]

    Reply
  5. Trouble in Banktopia By Mike Whitney « Dandelion Salad, on September 27th, 2008 at 7:49 PM Said:

    [...] Marc Faber: Let the crisis burn itself out [...]

    Reply
  6. Understanding the Bailout by Josh Sidman « Dandelion Salad, on September 26th, 2008 at 8:37 PM Said:

    [...] Marc Faber: Let the crisis burn itself out [...]

    Reply
  7. Michael Hudson: Once in a century rip-off « Dandelion Salad, on September 26th, 2008 at 6:12 PM Said:

    [...] Marc Faber: Let the crisis burn itself out [...]

    Reply
  8. Congressional Backbone Needed by Ralph Nader « Dandelion Salad, on September 25th, 2008 at 12:52 AM Said:

    [...] Marc Faber: Let the crisis burn itself out [...]

    Reply
  10. Bank REO, on September 24th, 2008 at 11:02 PM Said:

    I agree as well, I posted that video on the 23rd on my blog with some commentary as well. I think he really hit it spot on and called the situation correctly.

    Reply
  12. dandelionsalad, on September 24th, 2008 at 7:40 PM Said:

    This issue is the corporations vs the workers (citizens); it’s not a right-left issue.

    Speak out: http://dandelionsalad.wordpress.com/2008/09/23/tell-congress-no-to-bailout-action-alerts/ Let your congressperson know how you feel about this.

    Reply
  13. Buffoon, on September 24th, 2008 at 5:10 PM Said:

    I think the right and left are pretty much united on this one… I wish someone would bail me out for once…

    Reply
  14. Marc Faber about Lehman Brothers bankruptcy « Dandelion Salad, on September 24th, 2008 at 1:53 PM Said:

    [...] Marc Faber: Let the crisis burn itself out « Dandelion Salad, on September 24th, 2008 at 1:26 pm Said: [...]

    Reply
  15. Tradememe.com, on September 24th, 2008 at 1:28 PM Said:

    Great post. Thanks for the analysis.

    Reply
  16. jwojdylo, on September 24th, 2008 at 1:24 PM Said:

    I agree 100%. Let this issue burn itself out.

    Reply

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