Wednesday, March 19, 2008

Jim Rogers on CNBC

In this interview, Jim Rogers literally lashes out at Ben Bernake and when asked what he would do if he was the Fed Chairman, he said he would firstly abolish the Fed, and second, resign.

Jim Rogers also said that recession was good as it was they way to clear out the excesses and that the Federal Reserve should not go to the rescue of investments banks or corporations that were in trouble as it would only worsen it.

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