Jim Rogers, famed hedge fund manager, doesn’t seem to think so. See the following Bloomberg article with his comments:
ABOLISH THE FED
In the words of Revelutionary War era statesmen convening for a session of the Continental Congress,
“Hear him! Hear him!”
Maybe the Fed is the problem and not the solution. Uh oh! Can I [...]

The Demise of Bear Stearns – A Eulogy
by TheFalcon March 17, 2008 News CommentaryAh the venerable Bear Stearns….
Founded in 1923…Pronounced DOA Sunday, March 16th, 2008 after 85 wonderful years.
Stock Price Action Highlights:
52 Week High $160.00
Nov 5, 2007 $100.00
Jan 1, 2008 $ 85.00
Mon last week $ 62.00
Fri last week 30 bucks (change in vernacular intentional)
Sunday 2 Bits and holding according to JP Morgan (I think this offer amounts to [...]