CNBC Propaganda At It's Finest
Here's a clip from the banker mouthpeice media outlet CNBC trying to scare the public into supporting yet another bailout for yet another bank. (This time Dexia in Europe.) In a statement obviously calculated to scare the average Joe into supporting more bailouts, Larry Kudlow said "Jim, you know full well, if they let these banks fail without any backstop, without any guarantees, then the whole world will go down."

Of course, to his credit, Jim Rodgers stood his ground and simply replied "Let 'em fail."