"In my view, right from the start it would have been better to let some financial institutions go bankrupt and for the governments to guarantee the deposits, so the shareholders would have lost everything and the bondholders would have taken a haircut.
But I think these continuous bailouts, call for more and more problems in the long run."
in Bloomberg
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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