September 17, 2009

"Much More Pain Down The Road"

Money manager Peter Schiff, a critic of Washington's handling of the crisis, said Bernanke and other policy-makers may have helped ease the pain of the downturn "but the consequences are much more pain down the road."

"We're in worse shape now than before the crisis, deeper in debt," says Schiff, president of brokerage Euro Pacific Capital based in Darien, Conn. "We should have let more institutions fail."

in Associated Press

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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