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  • Banks Rescue Will 'Make Things Worse': Rogers

    02/10/2009 12:17:28 PM PST · by marshmallow · 26 replies · 2,077+ views
    Yahoo Finance ^ | 2/10/09
    The new financial rescue plan may not work and could even make things worse because it plunges the US further into debt and it is designed by the same people who failed to forecast the crisis and take measures, legendary investor Jim Rogers told CNBC Tuesday. Treasury Secretary Timothy Geithner will unveil a long-awaited package of measures to help the financial sector at 11 am New York time. But Rogers said Geithner, who was president of the New York Federal Reserve Bank, "has been dead wrong about everything for 15 years in a row," and so was President Barack Obama's...