The idea that they are spending over a billion dollars on bonuses at AIG is complete insanity. They should of let them go bankrupt, so they did not have to pay anybody anything.
These are bankrupt companies, you don`t throw money into a bankrupt company. You give the money to competent people who can start over from a sound and solid base. You don`t try to prop up dead companies.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
