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« No Need To Bailout Meredith: Complete Video of Bloomberg Interview with Meredith Whitney | Main | Bailout News & Comedy Video: Niall Ferguson on The Colbert Report »
Wednesday
Feb112009

Bailout News Video: Gentle Jim Rogers Brings The Asian Pain in Bloomberg Public Beatdown of Treasury Knob Geithner. Rogers Goes Old-School with Texas Pile Driver.

Video - Jim Rogers on Tim Geithner's failures...

  • "Mr. Geithner's been bombing for 15 years. Mr. Geithner casused this problem. You know Mr. Geithner has been head of the New York Fed for several years. That was the office that was supposed to be supervising Wall Street and the banking system.  He caused the problem, and then all last year he came up with TARP.  He came up with all these absurd bailouts. Listen Mr. Geithner has never known what he's doing.  He doesn't know what he's doing now and pretty soon everybody's gonna find out, including mr. Obama."

Jim Rogers is f'ing hilarious. I've watched him for 15 years and remember his CNBC chronicled investing globe-trot with the puffed-up, bright lemon Mercedes thing.  He settled in Hong Kong or Singapore with his young wife and generally delivers the pain via satelite on Bloomberg or occasionally CNBC. I hope he stays around for 30 more years wreaking havoc every step of the way.  Gentle Jim, en fuego.

Wednesday's 35 Links

 

 

From the Rogers video - on the newest bailout plan:

The politicians are making it worse, not better, and you know why they're making it worse? They want to support their friends on Wall Street and the bankers so they can all keep their Maseratis or their Ferrari's or whatever they're driving.

On what he wanted to hear yesterday:

I'd love for Mr. Geithner to say, "Listen guys, we've got serious problems" ... Mr. Obama could have said, "We've got a horrible problem. We've got to make up for a lot of excesses that have taken place over the last ten years. Some people are going to suffer. We have umbrellas, we have safety nets, we will do our best to help all of you who get affected by this, but it's going to be tough for a couple of years. Don't worry, America will come out of this in the end if we increase our savings, if we increase our investment, everything will be fine."

But, instead what they came out and said was, "Look, we have a horrible problem of too much debt and too much consumption and too much borrowing. You know what we're going to do? We're going to borrow more and go deeper into debt and consume more."

 

 

 

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Reader Comments (8)

Firsty.

Jim Rogers should move home and run for office.
Feb 11, 2009 at 7:11 PM | Unregistered Commenterrivers_of-suggestion
But, instead what they came out and said was, "Look, we have a horrible problem of too much debt and too much consumption and too much borrowing. You know what we're going to do? We're going to borrow more and go deeper into debt and consume more."

Obvious but quite stark.
Feb 11, 2009 at 7:13 PM | Unregistered Commentergeneva protocol
too asian couldn't flu.
Feb 11, 2009 at 7:15 PM | Unregistered Commentera-rod got the roids from madona
Scary - at about 3:00, Jim Rogers and I both said "Who???" Who's he (Geithner) gonna let fail?

Geithner's in over his head. He was asleep at the wheel while head of the NY Fed, so, I know! Let's give him a promotion! Charlie Gasparino predicts Tiny Tim will be out at Treasury and Jamie Dimon (JP Morgan Chase) will be in.

http://www.thedailybeast.com/blogs-and-stories/2010-01-03/5-economic-predictions-to-bank-on/?cid=hp:originalslist4

DB - when are we gonna see Daily Bail apparel? Print up a t-shirt and I'll buy it! By the way, Bobby F and I want to take you out for a beer.
Jan 6, 2010 at 7:40 PM | Unregistered CommenterNeruda
i would love to see geithner go...but dimon would be more of the same...another wall street guy running treasury...

dimon has a hit list...BAC might be in trouble...
Jan 7, 2010 at 1:30 AM | Registered CommenterDailyBail
Someone tells this lady to quit interrupting... I get that it's a remote interview, but let the man (the self-made billionaire, not the woman who's making her living by going through the system, and using her feminine appeal) finish his points! Jeezus effen crimany.
May 19, 2010 at 11:13 AM | Unregistered CommenterJohn Lee
@Jahn...that happens a lot with these interviews...the anchor tends to feel a bit too self important...
May 19, 2010 at 12:11 PM | Registered CommenterDailyBail
That interviewer is an idiot, and her combativeness to such a proven, accomplished investor is ridiculous.
Dec 9, 2010 at 6:44 PM | Unregistered Commenterpermabear

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