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Jim Rogers has some useful thoughts about the economic crisis.

01/02/2009

Jim Rogers a co-founder of Quantum Funds along with Soros, talks to Maria Bartiromo. He thinks LTCM or Long Term Credit Management, which was rescued by the Fed and Treasury in the Greenspan-Rubin era, should have been allowed to fail. The economy would have been able to handle the resulting dislocation.It would have sent strong signals to the banks and made them cautious about overleveraging and bad bets. Lehman would have taken time to recover and things would be different today.

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