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Jim Rogers says Fannie and Freddie are a 'disaster'

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  • Jim Rogers says Fannie and Freddie are a 'disaster'

    The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers.
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    http://www.bloomberg.com/apps/news?p...z4lr8&refer=us



    Visit The Jim Rogers Project at http://JimRogersProject.wordpress.com

  • #2
    Re: Jim Rogers says Fannie and Freddie are a 'disaster'

    At least the guy is voting with his feet!

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    • #3
      Re: Jim Rogers says Fannie and Freddie are a 'disaster'

      Jim is smart to run so quickly.

      Freddie and fannie case is testing the credibility of us government bonds, if rates goes up, the us government will be bankrupt. Taxation will have to rise to pay for the debt. Or maybe even a one-time tax on all american liquid assets!

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      • #4
        Re: Jim Rogers says Fannie and Freddie are a 'disaster'

        ...or invade and plunder something: like Canada! (where I am from)

        We are like an Oreo however, so I would not bother with East and West, but concentrate on the middle where the good stuff is.

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