Don’t miss this important media alert from Weiss Research:
Banking Bailouts Will Prolong America’s Second Great Depression
Leading advocate for investor safety to issue white paper
| WHO: | Martin D. Weiss, Ph.D., founder and president of Weiss Research, Inc. Dr. Weiss is a leading advocate for investor safety and is a nationally recognized expert on banking and insurance company solvency. |
| WHAT: | Release of white paper “Dangerous Unintended Consequences: How Banking Bailouts, Buyouts and Nationalization Can Only Prolong America’s Second Great Depression and Weaken Any Subsequent Recovery.” |
| WHEN: | Thursday, March 19, 10 a.m. |
| WHERE: | National Press Club, 529 14th Street, NW, Murrow Room, Washington, DC |
| WHY: |
Dr. Weiss will make constructive proposals for change, beginning with a recognition and acceptance of the dire realities of our time.
|
BACKGROUND:
Martin D. Weiss, Ph.D., along with Weiss analyst Mike Larson, are the only analysts in the U.S. who have specifically named nearly all of the major institutions that have suffered a financial failure in this crisis, whether in the form of a forced buyout, a government bailout or outright bankruptcy. Moreover, Weiss’ failure warnings were issued without ambiguity and with months of advance lead time, giving the public ample time to escape the dangers.
Weiss predicted the demise of Bear Stearns 102 days prior to its failure, Lehman Brothers (182 days prior), Fannie Mae (eight years prior), and Citigroup (110 days prior). Similarly, the U.S. Government Accountability Office (GAO) reported that, in the 1990s, Weiss greatly outperformed Moody’s, Standard & Poor’s, A.M. Best and D&P (now Fitch) in warning of future insurance company failures. (See http://archive.gao.gov/t2pbat2/152669.pdf.)
In his presentation, Weiss will outline the next likely financial casualties, what consumers can do to protect themselves, and how government can best lay the groundwork for a future recovery.
PREVIOUS WHITE PAPERS BY WEISS RESEARCH, INC:
October 3, 2008. Many Banks and Thrifts Overly Reliant on “Hot Money” Deposits. http://www.weissgroupinc.com/FDICReport/FDICReport.pdf
September 25, 2008. Proposed $700 Billion Bailout Is Too Little, Too Late to End the Debt Crisis; Too Much, Too Soon for the U.S. Bond Market. http://www.weissgroupinc.com/bailout/Bailout-White-Paper-Sept-24-2008(2).pdf
July 19, 2007. How Federal Regulators, Lenders, and Wall Street Created America’s Housing Crisis. Nine Proposals for a Long-Term Recovery. http://www.weissgroupinc.com/whitepaper1/
True pessimists are those who say that we’ll muddle through this crisis without change and, implicitly, that we’ll never resolve our worst financial problems: A pile of debt, a dearth of thrift and an aversion to austerity.
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How can I check on the safety of my credit union where i do all my banking?