Monday, March 16, 2009

Jim Rogers on Bailouts

Always enjoy reading commentary from Jim Rogers. He has made some great calls. This article is from Bloombeeg. Sorry no link, but no cut and paste on the iPhone!

Rogers believes that the US should let AIG go bankrupt. No doubt with the AIG bonuses being paid out that, a lot of people would like to see the screws turned tight on AIG. But there are lots of bad ramifications to that. Many pensions and annuities are with AIG. You wonder if the US involvement will just postpone the inevitable.

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