Rogers Says Geithner Caused Crisis, Must Let Banks Fail

[gnome]

Quote from Angrycat:

You're kidding, right? This mess has been brewing for DECADES thanks to both the Democrats' and Republicans' "watch".

There's really precious little difference between the clowns on either side of the isle.


But, people tend to blame the politician in charge at the moment. Bush didn't create the Al-Quida problem, but got the blame for 9/11. Obama wasn't around while this disaster was brewing but he's going to get the blame for everything from the moment he takes office. Besides, Obama shot himself in the foot by promising "change". So far, his "change" has been to build on Bush's socialism and expand the financial drag on the economy that is government exponentially. For that, he deserves to be bashed just ash Bush rightly was.

CORREDTAMUNDO! (Though I fear Bush was complicit in 9/11.)

 

[gnome]

Quote from Angrycat:

Rogers is right. Geithner is an asshole. His plan is to force taxpayers to pony up for houses people couldn't afford. Brilliant.

No skin off his nose, of course. He doesn't pay taxes.

ATTA!!

 

[Tigerjaw]

Its evident whenever O speaks that he doesn't have a clue about the economy. He ends up using the same tactics as he did when an ACORN lawyer - obfuscation, intimidation (like when he stared down those asking tough questions in some of his news conferences), and lots of rah-rah-rah b.s. & empty promises of goodies for the morons that they put in the 'townhall meeting' crowds. They don't quite get that you can't fix the economy by just talking slick with a melodius voice. - - To be fair, you can't blame O for all the troubles - - but his moves to put the nation on the socialist path (no matter what terminology they use) as quickly as possible is alarming. That leftist world view clouds every action the administration is taking. The cost is long term economic and national decline and the degradation of personal freedom. They are using the Fabian Socialist tactic of taking advantage of circumstances to sneak in new laws that would never be acceptable to Americans if known about or in better times. - - -

 

[gnome]

Quote from Tigerjaw:

Its evident whenever O speaks that he doesn't have a clue about the economy. He ends up using the same tactics as he did when an ACORN lawyer - obfuscation, intimidation (like when he stared down those asking tough questions in some of his news conferences), and lots of rah-rah-rah b.s. & empty promises of goodies for the morons that they put in the 'townhall meeting' crowds. They don't quite get that you can't fix the economy by just talking slick with a melodius voice. - - To be fair, you can't blame O for all the troubles - - but his moves to put the nation on the socialist path (no matter what terminology they use) as quickly as possible is alarming. That leftist world view clouds every action the administration is taking. The cost is long term economic and national decline and the degradation of personal freedom. They are using the Fabian Socialist tactic of taking advantage of circumstances to sneak in new laws that would never be acceptable to Americans if known about or in better times. - - -

I fear this is some of the "why" that bothers me so much.

 

[sucre_estave]

Quote from gnome:


Also, and though I'm just taking my view from other posters, he's really never accomplished nor lead ANYTHING... a total rookie... an empty suit who "promised ice cream to everybody" in exchange for their vote.

Right on. I was saying that to everyone who said "I think Obama will do a good job".

I have nothing against the man personally. Not even that he is the most liberal congressman they could have trotted in there. The Republicans deserve that for turning into Democrats over the course of the last 8 years.

But I have more executive experience and have authored as much legislation as Obama has, and I've never held public office.

It is like the school bus driver handing the wheel to the fifth grader in the front row. You have no choice but to pray and brace yourself for what is likely to come...

 

[eagle]

Thats proved about his judgment to avoid something that is unavoidable.

Quote from Angrycat:

He doesn't pay taxes.

 

[murray t turtle]

Quote from ByLoSellHi:

Rogers Says Geithner Caused Crisis, Must Let Banks Fail
February 11 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Lori Rothman about U.S. Treasury Secretary Timothy Geithner's handling of the financial crisis.

Watch video:

http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/v1yQTu2Ffw3w.asf

==================
BuyLow Sellslow
I like Jim Rogers, underlined lots of his street smarts,Schwager interview.
===========================================

He has some helpful insights on shorting bank stocks.......;
but his interests may diverge from US Sec Treasury,USA. My interests also may diverge from USA in the years ahead.


Silly headline, not particularly accurate at all;
LEH, late great Bear Stearns, Citigroup....... are mostly to blame...................................................................... To exspect a policeman/regulator to catch or prevent all crimes or even prevent stupidity is quite unreal

Mr Rogers is right to be concerned about the protectionism;
1929-1930 's all over again, we have warned the powers that be on that, again & again.

 

[Daal]

Banks are being allowed to fail, just look at the FDIC list. Just a few important ones that aren't

 

[gnome]

Quote from Daal:

Banks are being allowed to fail, just look at the FDIC list. Just a few important ones that aren't

Yeah, the ones where the "right" people are involved...

 

[asap]

Quote from gnome:

Yeah, the ones where the "right" people are involved...

Like LEH for instance that was known for not having lobbied washington for many time. hence, they were marked to going down, whenever they got into troubled waters. at the same time, folks at AIG, get multi-billion bailout and continue living life in the fast lane at tax payer expense.

nepotism at its best...