Jim Rogers : Let the Fannie and Freddie go bankrupt

dirtyp · #1 (**permalink**) 07-15-2008, 04:34 PM

Jim Rogers in interview with Bloomberg said that government has no authority to buy Fannie and Freddie stocks and should have allowed them to go under. He said also that Paulson and Bernanke hear only Wall Street but don't care about inflation and the rest of Americans.
full interview:
Jim Rogers : Let the Fannie and Freddie go bankrupt | Vidz King - King Of Videos

Commissioner · #2 (**permalink**) 07-15-2008, 10:59 PM

How Fannie, Freddie Became Kings Of The Hill : NPR

patriot2342001 · #3 (**permalink**) 07-15-2008, 11:02 PM

The Great Depression, brought to us by Libertarians

No thanks

Commissioner · #4 (**permalink**) 07-15-2008, 11:08 PM

Bloomberg.com: Special Report

Uncensored2008 · #5 (**permalink**) 07-16-2008, 12:09 PM

Quote:

Originally Posted by patriot2342001

The Great Depression, brought to us by Libertarians

No thanks

Pat, you're an idiot. (Not news to anyone.)

This is like a 2 year old and a ladder.

Putting a ladder against the side of your house and ecouraging a 2 year old is a bad idea.

But the socialists have done this, the child is at the top and the ladders is ready to fall.

The Libertarians say "There should never have been a ladder." Are they wrong? Obviously to pull the ladder down would be a disaster - now that the child is at the top.

The socialists say "whoa dude,like - we need to go rob the neighbors and build a scaffold to support the ladder and the child."

The Republicans say "Fix me another martini and bring it out to hole #6"

WHO is right? Should we steal from the neighbors and build a huge support structure for the ladder? Or should we ease the child back down the ladder, then take the ladder down?

patriot2342001 · #6 (**permalink**) 07-16-2008, 02:13 PM

Quote:

Originally Posted by Uncensored2008

Pat, you're an idiot. (Not news to anyone.)

This is like a 2 year old and a ladder.

Putting a ladder against the side of your house and ecouraging a 2 year old is a bad idea.

But the socialists have done this, the child is at the top and the ladders is ready to fall.

The Libertarians say "There should never have been a ladder." Are they wrong? Obviously to pull the ladder down would be a disaster - now that the child is at the top.

The socialists say "whoa dude,like - we need to go rob the neighbors and build a scaffold to support the ladder and the child."

The Republicans say "Fix me another martini and bring it out to hole #6"

WHO is right? Should we steal from the neighbors and build a huge support structure for the ladder? Or should we ease the child back down the ladder, then take the ladder down?

How do you ease the child down safely?