Troubled financial institutions need to be allowed to fail, or nationalized, says Kirby Daley, senior strategist at the Newedge Group. He tells CNBC's Martin Soong what the U.S. is doing right now is just wasting taxpayers' money.
Troubled financial institutions need to be allowed to fail, or nationalized, says Kirby Daley, senior strategist at the Newedge Group. He tells CNBC's Martin Soong what the U.S. is doing right now is just wasting taxpayers' money.