Let banks fail, says US investment sage

OUTSPOKEN US investor Jim Rogers says banks should have been left to go bankrupt.<br /><br />Rogers, who made his fortune alongside well-known speculator George Soros, said that while he did not begrudge banks now making a profit, they should not have received government bailouts to save them.<br /><br />Speaking as Goldman Sachs &ndash; who received massive state aid last year &ndash; revealed a quarterly $2bn (&pound;1.2bn) profit, he said: &ldquo;All of those people should have gone bankrupt.&rdquo; <br /><br />&ldquo;Isn&rsquo;t capitalism the system where people are allowed to fail?&rdquo;<br /><br />Rogers said the public should now get behind profit-making banks. He said: &ldquo;These are difficult times, but some people take advantage of it, and make the world better for all of us.&rdquo;