Jim Rogers on the Bear Stearns Bailout [View article]
Norman: I suggest you read Frédéric Bastiat's essay, "What Is Seen and What Is Not Seen". We see, in plain view, the Fed riding to the rescue and (for now) preventing "multiple bank failures"; but the consequences of this policy are not quite so transparent.
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Jim Rogers on the Bear Stearns Bailout [View article]
We see, in plain view, the Fed riding to the rescue and (for now) preventing "multiple bank failures"; but the consequences of this policy are not quite so transparent.