Jim Rogers: NOT the end of the world, let em go bankrupt!

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[DWCAP]

I listened to a NPR on the drive home and they were talking about the political end of the bailouts and the election. They repeated that the calls and emails to Washington are 100-1 AGAINST the bailout. One of the commentators called it the most hated piece of legeslation to pass in decades. It really feels that just about NOBODY wants this, but they dont know what else to do.It is fear driving this, nothing else.

The latest revolt about all this is actually from the house Republicans. They don’t want to do this, and if things keep falling down they want to be in a “I told you so” position. If they work, then they can say they supported it only after it got in a position to actually be effective. (dont you just love polspeak!) either way they think something will happen by next week, but they are worried because the backlash from the voters is threatening to look nasty.

I say vote them all out. Part of the problem is that our elected representatives only worry what we say in a crisis. It would have been alot more effective to worry about this 6 years ago instead of 6 DAYS ago.

[DWCAP]

I listened to a NPR on the drive home and they were talking about the political end of the bailouts and the election. They repeated that the calls and emails to Washington are 100-1 AGAINST the bailout. One of the commentators called it the most hated piece of legeslation to pass in decades. It really feels that just about NOBODY wants this, but they dont know what else to do.It is fear driving this, nothing else.

The latest revolt about all this is actually from the house Republicans. They don’t want to do this, and if things keep falling down they want to be in a “I told you so” position. If they work, then they can say they supported it only after it got in a position to actually be effective. (dont you just love polspeak!) either way they think something will happen by next week, but they are worried because the backlash from the voters is threatening to look nasty.

I say vote them all out. Part of the problem is that our elected representatives only worry what we say in a crisis. It would have been alot more effective to worry about this 6 years ago instead of 6 DAYS ago.

[DWCAP]

I listened to a NPR on the drive home and they were talking about the political end of the bailouts and the election. They repeated that the calls and emails to Washington are 100-1 AGAINST the bailout. One of the commentators called it the most hated piece of legeslation to pass in decades. It really feels that just about NOBODY wants this, but they dont know what else to do.It is fear driving this, nothing else.

The latest revolt about all this is actually from the house Republicans. They don’t want to do this, and if things keep falling down they want to be in a “I told you so” position. If they work, then they can say they supported it only after it got in a position to actually be effective. (dont you just love polspeak!) either way they think something will happen by next week, but they are worried because the backlash from the voters is threatening to look nasty.

I say vote them all out. Part of the problem is that our elected representatives only worry what we say in a crisis. It would have been alot more effective to worry about this 6 years ago instead of 6 DAYS ago.

[DWCAP]

I listened to a NPR on the drive home and they were talking about the political end of the bailouts and the election. They repeated that the calls and emails to Washington are 100-1 AGAINST the bailout. One of the commentators called it the most hated piece of legeslation to pass in decades. It really feels that just about NOBODY wants this, but they dont know what else to do.It is fear driving this, nothing else.

The latest revolt about all this is actually from the house Republicans. They don’t want to do this, and if things keep falling down they want to be in a “I told you so” position. If they work, then they can say they supported it only after it got in a position to actually be effective. (dont you just love polspeak!) either way they think something will happen by next week, but they are worried because the backlash from the voters is threatening to look nasty.

I say vote them all out. Part of the problem is that our elected representatives only worry what we say in a crisis. It would have been alot more effective to worry about this 6 years ago instead of 6 DAYS ago.

[DWCAP]

I listened to a NPR on the drive home and they were talking about the political end of the bailouts and the election. They repeated that the calls and emails to Washington are 100-1 AGAINST the bailout. One of the commentators called it the most hated piece of legeslation to pass in decades. It really feels that just about NOBODY wants this, but they dont know what else to do.It is fear driving this, nothing else.

The latest revolt about all this is actually from the house Republicans. They don’t want to do this, and if things keep falling down they want to be in a “I told you so” position. If they work, then they can say they supported it only after it got in a position to actually be effective. (dont you just love polspeak!) either way they think something will happen by next week, but they are worried because the backlash from the voters is threatening to look nasty.

I say vote them all out. Part of the problem is that our elected representatives only worry what we say in a crisis. It would have been alot more effective to worry about this 6 years ago instead of 6 DAYS ago.

[stockstradr]

Thanks for posting that video of Betty Liu interviewing Jim Rogers.

He’s brilliant on the financial markets and FUNNY too. She’s smokin’ hot and plenty smart herself. Great interview.

[stockstradr]

Thanks for posting that video of Betty Liu interviewing Jim Rogers.

He’s brilliant on the financial markets and FUNNY too. She’s smokin’ hot and plenty smart herself. Great interview.

[stockstradr]

Thanks for posting that video of Betty Liu interviewing Jim Rogers.

He’s brilliant on the financial markets and FUNNY too. She’s smokin’ hot and plenty smart herself. Great interview.

[stockstradr]

Thanks for posting that video of Betty Liu interviewing Jim Rogers.

He’s brilliant on the financial markets and FUNNY too. She’s smokin’ hot and plenty smart herself. Great interview.

[stockstradr]

Thanks for posting that video of Betty Liu interviewing Jim Rogers.

He’s brilliant on the financial markets and FUNNY too. She’s smokin’ hot and plenty smart herself. Great interview.

[kewp]

I don’t know. My understanding is that the problem is people/banks are hording cash.

Wrong.

The banks are deliberately freezing the credit markets to try and push for the government into giving them free money.

F-them. They don’t want to lend; let them go under.

[kewp]

I don’t know. My understanding is that the problem is people/banks are hording cash.

Wrong.

The banks are deliberately freezing the credit markets to try and push for the government into giving them free money.

F-them. They don’t want to lend; let them go under.

[kewp]

I don’t know. My understanding is that the problem is people/banks are hording cash.

Wrong.

The banks are deliberately freezing the credit markets to try and push for the government into giving them free money.

F-them. They don’t want to lend; let them go under.

[kewp]

I don’t know. My understanding is that the problem is people/banks are hording cash.

Wrong.

The banks are deliberately freezing the credit markets to try and push for the government into giving them free money.

F-them. They don’t want to lend; let them go under.

[Author]

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