Comments on: Jim Rogers: $700 Billion Banking Bailout is ‘Horrible Economics’

By: alansaffer

alansaffer — Tue, 10 Feb 2009 02:32:01 +0000

Simply, who will go back and audit the first $350 billion TARP funds that were given out under the Bush administration?

Can Obama do this? if so that would be great!!!

If not, this would make us all sick.

If you get this, please e-mail me back.

thanks

By: David Dzidzikashvili

David Dzidzikashvili — Sat, 17 Jan 2009 15:33:25 +0000

It’s a quite difficult decision for any politician choosing between more bailout packages or letting the free market economic principles take care of the failed businesses, whether it is the financial institutions or automakers. The main focus should be defending the interests of middle-class Americans and creating a stable economic system that will guarantee long-term stability and sustainability. But here we also can face more challenges, since right now the Washington politicians are talking about the second large bailout package. If we bailout financial institutions and other industries again, when are they going to ask for the third bailout package? Or fourth? Maybe this is a time to let free market economy work rather than keep bailing out large, failed corporations? After all, it is the small and medium size businesses that create vast majority of middle-class jobs in America, not the large corporations. Maybe the government is better off to replace banks in lending practices and directly give loan packages with low interest rates to small and medium size businesses? That might work better and have a direct, immediate impact on economy and the middle-class America…

By: Michael Chan

Michael Chan — Thu, 08 Jan 2009 16:05:57 +0000

I suppose that Banking Bailout is a horrible mistake by US gov.

Jim’s news is here.

http://jim-rogers.blogspot.com/2008/10/bailout-would-only-prolong-crisis-jim.html

By: U.S. Banks Refuse to Detail How They're Spending Federal Bailout Money

U.S. Banks Refuse to Detail How They're Spending Federal Bailout Money — Tue, 06 Jan 2009 17:25:41 +0000

[...] the U.S. banking-bailout initiative appeared last week in Money Morning. To access that story, please click here]. The bottom line: Banks won’t say how they’re using the bailout money. That refusal – [...]

By: Vivek Parti

Vivek Parti — Tue, 06 Jan 2009 13:13:34 +0000

I wont disagree much with Jim Rogers. Bailing out bankrupt financial institutions is bad economics. I think this is an opportunate time to look at ways to redistribute income among people. Imagine 1 million dollar employee vis-a-vis several 50,000 dollar employees. Read this http://indiabusinessdatabase.com/blog/2008/12/26/redistribution-of-income-the-way-forward/

By: Anna Hensley

Anna Hensley — Tue, 06 Jan 2009 07:30:58 +0000

I could not find a link to unsubscribe from your Money Morning email. Please unsubscribe my email from your list
dandelion@q.com

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Mon, 05 Jan 2009 21:00:32 +0000

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By: Silverbids.com » Blog Archive » Jim Rogers: $700 Billion Banking Bailout is ‘Horrible Economics’

Sat, 03 Jan 2009 03:13:40 +0000

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