Dangerous Unintended Consequences: How Banking Bailouts, Buyouts and Nationalization Can Only Prolong America’s Second Great Depression and Weaken Any Subsequent Recovery Presented by Martin D. Weiss, Ph.D. Weiss Research, Inc. National Press Club Washington, DC March 19, 2009 Copyright © 2009 by Weiss Research 15430 Endeavour Drive Jupiter, FL 33478 Media Contacts Joy Howell Phone: 202.828.7838 Email:
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[email protected] Martin D. Weiss, Ph.D., president of Weiss Research, Inc., is one of the nation’s leading advocates for investors and savers, helping hundreds of thousands find safety even in the worst of times. Issuing warnings of future failures without ambiguity and with months of advance lead time, Weiss predicted the demise of Bear Stearns 102 days prior to its failure, Lehman Brothers (182 days prior), Fannie Mae (eight years prior), and Citigroup (110 days prior). Similarly, the U.S. Government Accountability Office (GAO) reported that, in the 1990s, Weiss greatly outperformed Moody’s, Standard & Poor’s, A.M. Best and D&P (now Fitch) in warning of future insurance company failures. Dr. Weiss holds a Ph.D. from Columbia University, and has testified many times before Congress, providing constructive proposals for reform in the financial industry. Weiss Research, Inc. is an independent investment research firm founded in 1971, providing information and tools to help investors and savers make sound financial decisions through its free daily e‐letter, Money and Markets, its monthly Safe Money Report, and other investor publications.