In news of the Obvious...

A lot of people think these bailouts are going to help. 

The problem with bail outs, is there is usually no corresponding action that will change the next outcome.  As an example...  Take a look at Greece.  None of the austerity measures have been implemented.  None.   Instead, they've had elections and are still trying to form a government. 


So, here's trusty Jim Rogers to state the glaringly obvious....     


Financial ‘Armageddon’ Will Happen Despite EU Deal: Rogers

Published: Friday, 29 Jun 2012 | 1:45 AM ET

By: Ansuya Harjani
Assistant Producer, CNBC Asia