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Jim Rogers: U.S. to have zombie capitalism for 15-20 years
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Tuesday, September 15, 2009
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From LewRockwell.com:

Legendary global investor and chairman of Singapore-based Rogers Holdings, Jim Rogers said the Fed and the US Treasury should have let 10 banks fail, not just Lehman Brothers, for the financial system to clean itself up.

"This whole problem was not caused by Lehman Brothers or Lehman Brothers failure. Lehman was an effect not a cause."

"The real problem over the past 10-15 years has been that regulators have not let people fail. Had they let people fail we would have solved this problem a long time ago. I don't know why they're not in jail," Rogers said.

Read full article...

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Topics: Jim Rogers | Government Stupidity | Cruxallaneous
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