Jim Rogers : Wall Street will become a Wasteland because of The Scandals

Jim Rogers : "...When I went to Wall Street , I went to Wall Street in the mid sixties , it was a wasteland " says Rogers " we should be concerned (about the scandals in wall street ) that's why Wall Street is going to be a wasteland again just like what happened the last time we had these scandals , you know in the 1930s the president of the New York Stock Exchange went to jail his name was Richard Whitney as in Whitney Museum , we've had these scandals before that lead to a long backlash we're having another , yes we should all be concerned , but John you do not have to worry they are going to be more scandals more bankruptcies more regulations more controls more taxes and finances will be wiped in the shape it is going to be chaos it's not going be so exciting and successful the big bonuses that we all complain about including me who is from Wall Street are going to disappear "He added - in The Take Away Show - 08 Aug 2012
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Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.