Jim Rogers on CNBC
Started by
LongShort168
, Mar 14 2008 09:23 PM
7 replies to this topic
#3
dcengr
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Posted 14 March 2008 - 09:53 PM
He's gonna come back to the US as soon as China turns back to communism.
Qui custodiet ipsos custodes?
#4
Rocketman
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Posted 14 March 2008 - 09:57 PM
"If you bail out every Investment Bank that gets in trouble, that is not Capitalism, that is socialism for the rich"
"Why should 300 million Americans suffer (higher inflation) so we can bail out 2,3 Investment Banks? So that they all can ride in Maseratis and get in planes and fly to exotic places?
Jim rogers
"Why should 300 million Americans suffer (higher inflation) so we can bail out 2,3 Investment Banks? So that they all can ride in Maseratis and get in planes and fly to exotic places?
Jim rogers
#5
nimblebear
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Welcome to the Dark Side !
Posted 14 March 2008 - 10:22 PM
"If you bail out every Investment Bank that gets in trouble, that is not Capitalism, that is socialism for the rich"
"Why should 300 million Americans suffer (higher inflation) so we can bail out 2,3 Investment Banks? So that they all can ride in Maseratis and get in planes and fly to exotic places?
Jim rogers
Because if you don't bail banks as big as a Bear Stearns, then the world as we know it will basically come to a screeching halt.
"too big to fail" = if they fail, you and I and the rest of the planet goes belly up too. Their financial tentacles and reach are so far and wide that everything will cascade like a line of dominoes. You can hate the basterds who done this, but if they go down, we go down too. Period.
OTIS.
#6
mike123
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Posted 14 March 2008 - 10:33 PM
"too big to fail" = if they fail, you and I and the rest of the planet goes belly up too. Their financial tentacles and reach are so far and wide that everything will cascade like a line of dominoes. You can hate the basterds who done this, but if they go down, we go down too. Period.
That is crap. Government can take over the company to take ownership of assets and liabilities. Shareholders and management gets nothing. This is how the British government did. Bailout like Ben did is NO NO.
#7
pdx5
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I want return OF my money more than return ON my money
Posted 15 March 2008 - 01:20 AM
Businesses operating inefficiently, recklessly, and in a stupid manner should be allowed to fail.
If you don't remove the weeds, you get less yield from the crops. The money to bailout these
stupid businesses comes from all tax payers which includes those corporations which are
efficient and make profits for their stockholders.
Bear Sterns is less than 1% of Banking industry in the US. We will survive just fine without them.
Like we did after 300 banks failed during the depression.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#8
dougie
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Posted 15 March 2008 - 01:02 PM
BEst quote i read all weeK: "Well, I see that Bear Stearns has, over the course of 14 months, gone from about $170 to $29.
Perhaps this indicates that, when one is in the process of making hundreds of millions of dollars personally, that taking a private helicopter to weekday golf games and toking up while playing bridge aren't components of a good management style.
Dickhead."
http://slopeofhope.c..._schwarzman.htm
Perhaps this indicates that, when one is in the process of making hundreds of millions of dollars personally, that taking a private helicopter to weekday golf games and toking up while playing bridge aren't components of a good management style.
Dickhead."
http://slopeofhope.c..._schwarzman.htm
