We had automobile companies, airlines, retailers going bankrupt for hundreds of years. We still have cars, we still have planes, we still have shops. What do you expect them to say? Off course they say there is systemic risk, then they panic Washington and say "give us more money". And they keep their Lamborghinis and their houses.
That is not the way is supposed to work. 300 million americans are propping up a few guys so that they can keep their Lamborghinis. Its outragous economics and morality.
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.
