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
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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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This issue is the corporations vs the workers (citizens); it’s not a right-left issue.
Speak out: https://dandelionsalad.wordpress.com/2008/09/23/tell-congress-no-to-bailout-action-alerts/ Let your congressperson know how you feel about this.
I think the right and left are pretty much united on this one… I wish someone would bail me out for once…
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Great post. Thanks for the analysis.
I agree 100%. Let this issue burn itself out.