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Jim Rogers: Lazy bank & ratings clique must take a hit

2012-01-16 4 Dailymotion

European markets haven't let the massive ratings downgrade cast a shadow over trading today, with only a slight fall. On Friday, ratings giant Standard and Poor's slashed the scores of 9 EU nations, including the triple-A scores of France and Austria. RT talks to Jim Rogers, a financial commentator and co-founder of Quantum Hedge Fund.

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