Jim Rogers speaks out against bail outs
On the subject of economics and financial markets, Jim Rogers is one of the few people that I really like listening to. Whether it is the US economy or other parts of the world, Jim Rogers, believes that bailing out failed institutions with money from successful ones is not good economics. I agree with that notion as would most people. The problem we face though is that the failed institutions in the case of our current crisis are the cornerstones of our economy, our financial markets and our banking system. What would it be like to have AIG go under, or a Citigroup going belly up.
On the UK bailout of institutions, Jim Rogerts made the following comments:
– Faisal Laljee
Related Stories:
Wall Street Bailout
