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IPFS News Link • Economy - Economics USA

Howard Davidowitz: Let Bad Banks Go Broke

07-02-2010 • finance.yahoo.com/tech-ticker/

Howard Davidowitz is a bear on America. If you’ve watched any of the recent clips, you know he’s negative on stocks, the economy and the political system. (If you haven't seen them, check the links below.) Much of Davidowitz's frustrations stem from the bailout of our financial system. "If a bank is bad, you let it go broke," he says. "The bondholders lose their money, because they should. The stockholders lose their money, because they should. Lots of people get fired job, because they should. That’s the solution to the problem."

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