Wednesday, November 12, 2008

Dennis Doesn't Like It

Dennis Gartman, editor & publisher of the Gartman Letter, discussing the latest government bailout proposal on last night’s show:

"In the United States nobody is allowed to fail. We don’t even give Fs anymore at school. You can’t even use a red marker. It’s very sad. I lost a little money trading today; I’m looking for a bailout. Anybody got any money to lend me today? I mean this is ridiculous what’s going on here. And when I saw the [loan modification plan] from Freddie and Fannie, I just shook my head and laughed and said, you have got to be kidding me…This is almost shameful."