Marc Faber: Let the crisis burn itself out

Dandelion Salad

peacespeech

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.

see

Marc Faber about Lehman Brothers bankruptcy

The Bush Administration’s Banking Rescue Plan by Rodrigue Tremblay

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

18 thoughts on “Marc Faber: Let the crisis burn itself out

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  12. 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.

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