yep, that always happens. govt always goes back and corrects the moral hazards they create. don't you get it? moral hazard is the MOST important thing to correct because once the crisis is past, even more excesses are layered upon the old ones leading to more systemic risk. eventually it just all collapses and takes much more of a toll than actually taking action (or not) would have during the crisis. rewarding bad behavior doesn't work with dogs, kids, companies, or countries.
Thanks for posting this link. The rudeness of the CNBC hosts amazes me. Props to Mr. Rogers for telling them off. I'm okay with intelligent debate, but the host was being a knob. This interview actually reminds me of another CNBC interview with Paul Van Eeden of Cranberry Capital (in my opinion a pretty intelligent guy). CNBC treated him like a complete moron when they interviewed him a few months back.
are some of us here on ET really THAT stupid? Do you REALLY believe he puts his money at where his mouth ON CNBC is? This guy has and still makes tons of money (the audited fund performance and investor letters are easily available) but do you truely believe he rode his oil longs to 140 to see them come down all the way to 70 again? This guy is a successful professional with a proven track record who has traded with the best. Who are you guys trying to amuse but yourselves? And why would he give first class investment advice on a totally retarded TV channel that he hates more than anything? Lets get real here....
of course its a marketing gimmic. But I dont follow your point, how can he want to look right when he claims he is long oil that came down from 140 to 70. I know from informed sources that he has liquidated his oil longs around 120 levels. And for some completely uninformed, yes, he does trade. Lol, cant believe some even question that. ;-)
Little patience for stupid people. Particularly stupid people who refuse to recognize their stupidity. IE.. the interviewer.
It's questioned because there are people out there that worked closely with Rogers while he was at the Quantum Fund . . . and who were still at the Quantum Fund ( as traders ) well after Rogers had left. They ( and their contacts ) were privy to where people "cleared" their trades through. Rogers never showed up on the "radar" . . . anywhere. I wouldn't be surprised one bit that he took his share of partnership money from Soros and put the money into bonds. But let's face it. The guy frequently appears in the financial media and NEVER EVER admits to having a losing trade in the last 27 years . . . To my knowledge, he is not managing OPM and his association with the Beeland Fund is in name only.