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Faber On Future Of Wall Street

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What will the Wall Street crisis mean for the future of capitalism? Find out from CNBC’s David Faber!

As you may know Faber is one of the nation’s most followed financial journalists who has broken many big financial stories including the massive fraud at WorldCom, the bail out of the hedge fund Long Term Capital Management and numerous takeovers.

If you watch CNBC regularly you know Faber always has a lot of thoughtful insights, which you can find regularly in the Faber Report.

But since we had his ear we couldn’t resist asking which firms he thought might emerge from the financial crisis none the worse for wear.

Although Faber thought it was probably still too soon to tell, he seemed rather impressed by Jefferies. "A strong player in the capital markets," says Faber. "It's a well run firm."

You may be interested to know that David Faber has just written a new book called “How The Roof Caved In on Wall Street.” It’s a closer look at what really happened to cause the greatest economic collapse since the Great Depression.

> Click here to read an excerpt.


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Trader disclosure: On June 25th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (LM) Call Spread;’ Najarian Owns (PALM) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT); Finerman's Firm And Finerman Own (FLS), (RIG); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IWM), (IYR), (IJR), (MDY), (SPY), (USO); Seymour Owns (AAPL), (BAC); Seygem Asset Management Owns (FCX), (MOS)

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