"There is no reason that taxpayers around the world, or around Europe or in Ireland, should pay for other peoples' mistakes. The banks who lent the money and made the mistakes should lose money.
The bondholders and the stockholders of those banks should lose money. It is that simple."
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
