I’ve been saying for months that we need to let failing banks fail and stop injecting our tax dollars into crappy enterprises that will do nothing but fail again.  I’m just one lone blogger, so it’s not like anyone will listen to me.  But GEEZE!!!  It’s common sense, right?  Not that politicians have any of that, but still… easy.  You don’t reward failure and bad behavior.

If the Redhead decided one day to get on his bike and ride through people’s lawns, destroying their grass and flowers, and just happened to hit a wall headfirst and ruined his bike, do you honestly think I’d force my neighbors to pay for his new bike?

No.  I’d slap his ass, ground him and force him to save up to purchase a new bicycle.

So why should we sit idly by as AIG and other banks just suck up our money, while continuing to fail?

Jim Rogers doesn’t know either.

“Suppose AIG goes bankrupt, it is better that AIG goes bankrupt and we
have a horrible two or three years than that the whole US goes
bankrupt,” Rogers said. “AIG has trillions of dollars of obligations,
let them fail, let the courts sort it out and start over. Otherwise
we’ll never start over.”

[...]

Bailing out the banks is going to increase the debt spiral and finally
cause the destruction of the world’s biggest economy, Rogers said.

AIG has already gotten $150 billion of our money, but CEO Edward Liddy has left the possibility open that AIG may need to suck up even more.

Great.

And if you’re wondering who Jim Rogers is or why the idiot politicians should start heeding his advice, he’s one of those folks who can be considered an expert.