We should give the bankers bonuses in toxic waste not in real money let them have it
"let the regulators and the bankers pay themselves in toxic waste they have created in the first place , not in real money " Jim Rogers told CNBC"who cares if some bankers disappear , it is not the end of the world , turn in their Lamborghinis and start driving Taxis " Jim Rogers added
"This whole problem was not caused by Lehman Brothers failure , Lehman Brothers did not call for AIG to fail or Freddy Mac to fail or Fanny May to fail or Iceland to fail , A lot of people have been failing here in the last two years or three , Lehman Brothers was an Effect Not a Cause of what was going on , the real problem over the past ten fifteen years was that the regulators have not let anybody fail , they had pulled in crony capitalism , every time somebody got into trouble they called Mister Greenspan or Mister Bernanke and they say save me save me .....and they would save them , ... had they let people fail we would have solved this problem long ago , they refused to let the market do what the market is supposed to do , there was a huge failure of regulations , I do not know why the regulators are not in jail ???" said Jim Rogers on his CNBC apperance on Sept 14 2009
“A lot of people have been failing here,” Jim Rogers, CEO of Rogers Holdings, told CNBC, “Lehman Brother was an effect not a cause.” He said that had the government let people fail, “we would have solved this problem long ago. Vince Farrell, CIO of Soleil Securities Group joined the discussion and agreed with Rogers.
