Bill Fleckenstein : This is a political theater

Jerry Robinson Interview with Bill Fleckenstein - A Hedge Fund Manager Speaks Out - 07/30/11



Bill Fleckenstein : I think that there will be a deal , and even if there won't be a deal there will not be a default on August the 2nd because there are other things that could be done , This is a political theater we have seen it many many times , it is a political event not to say that we do not have serious problems and not to say that leverage to this can be used to help force the members of congress who are bought and paid for by the lobbyists to do something right , but mostly this is about political theater not about trying to get anything done , sad to say