Expat

Jim Rogers on Investment Bank Bail Outs and the Federal Reserve

The issue is not what the cost is. Taxpayers don't want to bail out Wall Street just to see the same bankers come back next year with new billion dollar bonuses. Basically, the money that was made over the past seven to ten years was a sham, an illusion. We want Wall Street bankers and shareholders to pay for their sins.

Defending the bailout by saying it is a better solution than allowing the financial system misses the point. It is not A or B. We can save the financial system and mete justice.