We Need More Lehmans says Jim Rogers

lessons to be learnt from the Lehman

legendary Investor Jim Rogers says the financial system needs more failures like Lehman Brothers so that we can get out of the crisis for good .He wrote in the Financial Times :
We need some more Lehmans so we can get out of this.”

“Greenspan and Bernanke introduced crony capitalism to the West, which is leading to a lost decade(s),” Rogers wrote.

“Market fundamentals are that failures should collapse and be replaced by creative new forces rather than being propped up as zombies. Financial institutions have been failing for centuries and the world has survived.”

“Letting Lehman fail was perhaps the only thing governments have done right during this whole drama,” Rogers explained

Via