Markets do not trust the governments' plans to keep struggling banks alive and investors will only calm down when the companies with bad assets are allowed to go bankrupt, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC on Friday.
"The way to solve this problem is to let people go bankrupt," Rogers said.
ACSian High Finance Comments: We Are Facing an 'Inflation Holocaust': Jim Rogers
Sounds pretty unpleasant. What do others think?