Dr Doom

Dr Doom: Shareholder crucifixions in order...

DR MARC FABER: Well, normally governments are not very good at running banks, or at running any businesses, especially not the British Government, as we know. We just have to look at public transportation. So I'm very sceptical that it will work very well and we also have to analyse the terms at which these banks are being taken over. Basically, the proper way to go about bailing out the banks is to let the shareholders lose everything; at the same time, let the bondholders take a very significant haircut, and then the Government should come in, recapitalise the banks, nurture them to health, and resell them [to suckers like the shareholders]. But to essentially bail out the banks, and still let the [gullible] shareholders get away with it, is probably the wrong medicine.

http://www.abc.net.au/lateline/content/2008/s2389900.htm

Fiddlin' as Rome burns...

A very significant haircut

Category:

Education

Tags:

• Dr_Doom
• Marc
• Faber
• Zurich
• Roulette
• dealer

[OptiTexDynamicCloth]

bad movie

[manfreadstraw]

@OptiTexDynamicCloth - Why?

[rjamesYT]

I actually liked the music, once I got used to it. Interesting idea. Faber good value as usual.

[manfreadstraw]

Reckon we're on the same wavelength ;-)

[ardburton]

kill the music please is distracting

[manfreadstraw]

sorry, not tonight. I've got a headache. but i'd appreciate a higher rating for all my blood sweat n tears... :-(

[anonym0u5]

Horrible music. Can't hear what he's saying.

5 stars for Faber, 1 star for video creator.

[Foolsaeon]

5 stars for Dr. Faber as ususal. 1 star for the movie "creator".

[manfreadstraw]

@rentbeach I won't disagree - thanks !!

[torontobboy21]

annoying music ..i am not watching this video any more

[manfreadstraw]

so that the gloomy outlook be more palatable... US seriously needs a change of direction, and Barack's seriously the guy to deliver it. :-)

[manfreadstraw]

must be below par acoustics up your way :-( maybe something to do with aurora borealis interference perhaps? come to think of it, could it be due to ionosphere bombardment by the US military? High-frequency Active Auroral Research Program (HAARP) Angels Don't Play This haarp: Advances in Tesla Technology by Jeane Manning + Nick Begich. weird world we live in. Tesla was a certified weird dude.

[jarogru]

why in the hell did you add that crazy music to marc faber's market commentary? i couldn't hear your video longer than a minute :o((