Bill Fleckenstein Bemoans "Crybaby Capitalism"

By on August 14, 2008

Bill Fleckenstein, long time trader and market commentator, penned a recent article in which he described the current bail-out mentality, “galling.” Fleckenstein accurately asks, “why should the reckless make millions along the way, then have the public pay for their mess?” He refers to the current environment as, “Crybaby Capitalism,” where those most responsible for the current crisis are saved with multi-billion dollar bailouts.

Source:

http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/CrybabyCapitalistsWhineForMore.aspx
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