Marc Faber : Ron Paul is Honest

Marc Faber : ...But obviously what happened is the removal of Glass Steagall and also the bailout of LTCM in 1998 essentially gave a green light to financial institutions that they could leverage up there would be a Greenspan put and later a Barnanke put and and basically they became huge and badly run hedge funds leveraging up their balance sheet like now the FED is also hugely leveraged and I think we have had as we started out this mixture and combination between politics and business and is as M Ryan said that basically when you see that men get richer by grasp and by pull rather than by work and your laws do not protect you against them but protect them against you and when you see corruption rewarded and honesty becoming a self sacrifice like Mr Ron Paul he is looked upon as someone an oddball because he is honest and I think that's where we have reached and this society in my opinion will eventually end up very badly , .....and this crisis of 2008 - 2009 has actually made the system much worse and much more corrupt- in Bloomberg Radio Interview 03 Sept 2011