Jim Rogers calls most U.S. banks "bankrupt"
Reuters

" 'Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt,' said Rogers . . .

Now a specialist in commodities, Rogers said he has used the recent rally in the U.S. dollar as an opportunity to exit dollar-denominated assets.

While not saying how long the U.S. economic recession will last, he said conditions could ultimately mirror those of Japan in the 1990s. 'The way things are going, we're going to have a lost decade too, just like the 1970s,' he said. "

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