CNBC Video: Jimmy Rogers and Vince Farrell -- Flashback to Sep. 2009
A classic clip from last year in honor of today's appearance from Lehman's criminal gorilla, Dick Fuld.
Rogers goes off. Geithner gets pounded. You celebrate with an adult beverage. Jimbo gets rolling in the first 60 seconds:
- "First of all this whole problem was not caused by Lehman Brothers or Lehman Brothers' failure. Lehman didn't cause AIG to fail, or Fannie & Freddie to fail, or Iceland to fail. Lehman was an effect not a cause. The real problem over the past 10 or 15 years has been that the regulators have not let anybody fail. They have pulled in crony capitalism. Every time someone got in trouble, they would call up Mr. Greenspan or Mr. Bernanke and say "save me!" Had they let people fail, we would have solved this problem long ago. They refused to let the market do what the market is supposed to do. They've propped everybody up. There has been a huge failure of regulation. I don't know why they're not in jail."
And that's the slow part.
Because really, he hasn't even called Geithner a punk yet.
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