CHESSNOID

Howard Davidowitz, chairman of Davidowitz & Associates video

I never heard of this guy before but he is pretty blunt and supports his points with good arguments. He reminds me of that guy on that TV show Curb your Enthusiasm for some reason. He is either funny or just annoying, but makes valid points on the economy in general.

Yahoo AP:

As for all the hullabaloo about the stress tests, he says they were a sham and part of a “con game to get private money to finance these institutions because [Treasury] can’t get more money from Congress. It’s the ‘greater fool’ theory.”

“We’re now in Barack Obama’s world where money goes into the most inefficient parts of the economy and we’re bailing everyone out,” says Daviowitz, who opposes bailouts for financials and automakers alike. “The bailout money is in the sewer and gone.”