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John Hussman: Here Are 4 Things That Every Wall Street Protester Should Know

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-10-11 10:33 AM
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John Hussman: Here Are 4 Things That Every Wall Street Protester Should Know
Hussman offers them all 4 key talking points they should know:

- "Failure" means bondholders shouldn't be guaranteed every penny.

- The Federal Reserve's purchases of Fannie and Freddie debt were illegal.

- Creating shell companies like Maiden Lane to buy bad Wall Street assets was illegal.

- Policies of bailouts only misallocate capital and exacerbate the wealth skew.

He goes into each point in more depth in his piece, which, really, any Wall Street protesters should probably skim over.

http://www.businessinsider.com/john-hussman-heres-4-key-points-all-the-wall-street-protesters-should-know-2011-10
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