Bob Parker: Italian Banks Need to Be Bailed Out; They Might Fail

Admittedly, I’m a bit of a Bob Parker fan. For years, whenever Bob is on the radio or on my teevee, I stop whatever I’m doing to listen and hang onto every word her says, like a child. Most of the people on the teevee or radio get a Bronx cheer from me. I’ve been known to throw things at the teevee and have often had long, one sided, debates with my car stereo, where I’d tell whichever fuckhead was on the radio how truly stupid he/she was.

But Bob has never disappointed, ever. Like me, he’s always right and he is a blessing to the investment world as one of the few true great minds in all of finance.

In this clip, he describes the magnitude of the Italian banking crisis and how they need a bailout. He also wouldn’t rule out a banking failure of a very large magnitude in the meat ball’d state.

God bless Robert Parker.