From Newsmax:

Investment guru Marc Faber says the financial system must be cleansed to save capitalism.

"I think the final low in markets will occur when the system is cleaned out," Faber told CNBC.

Unless that happens, "the way communism collapsed, capitalism will collapse," he says. "The best way to deal with any economic problem is to let the market work it through."

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More on the U.S. gov't banking boondoggle:

Bank of America needs $34 billion to survive

Bill Gross: Gov't actions will destroy financial assets

Boondoggle reaches epic proportions... Fed cannot account for $9 TRILLION