Marc Faber vs. Timothy Geithner on U.S. AAA Credit Rating

Marc Faber, publisher of the Gloom, Boom & Doom Report said Treasuries would carry high-yield, high-risk ratings if the U.S. were a corporation. Faber, speaking on Bloomberg Television by telephone from Cambodia, said yesterday he takes issue with Treasury Secretary Timothy F. Geithner’s view that the U.S. will “never” lose its top-level debt rating. Geithner made his comment on ABC News on Feb. 7.
“I don’t think that anyone looks at the U.S. as the gold standard,” Marc Faber said.
Source Bloomberg

Treasury Secretary Timothy Geithner told ABC That U.S. Will Never Lose It's AAA Credit Rating

Marc Faber to Bloomberg U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.