Hussman Funds Talking Points for the “Occupy Wall Street” Protesters

Tags

Economics, finance, occupy wall street

Hussman Funds – Weekly Market Comment: Talking Points for the “Occupy Wall Street” Protesters – October 10, 2011.

From a real economist.

• “Failure” only means that corporate bondholders don’t get every penny
• The Federal Reserve’s purchases of Fannie Mae’s and Freddie Mac’s debt obligations were illegal
• Creating shell companies to buy Wall Street’s bad assets is not “discounting,” and was therefore also illegal
• The skewed distribution of wealth in the U.S. is worsened by policies that misallocate capital and divert public funds to bail out investments that have already gone bad.