PETER SCHIFF

PETER SCHIFF

Thursday, August 20, 2009

The executives are going to be back in Washington looking for more bailout money

Peter Schiff on the Kudlow Report CNBC Aug. 20 2009

"I am sure the AIG CEO will end up with a lot of money as anybody else who is going to get bonuses ,there is a lot of traders in the financials but investors need to stay away , all that's really happened apart from the accounting rule change that benefited them ...is that they got a lot of free money from Washington , they took it to the Wall Street Casino they played some bets , the bets are going their way right now , they are lavishing the winnings on themselves with bonuses and raises , there is nothing for the share holders in the way of dividents , as soon as these bets turn soure the share prices are going to plunge again for new lows and the executives are going to be back in Washington looking for more bailout money " Peter Schiff

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