Juli 15, 2008...12:48

Jim Rogers attacks Fannie Mae and Freddie Mac bail-out Update 19.7.2008

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“The Telegraph” online:

Jim Rogers (The legendary investor):

Renowned currency trader Jim Rogers has blasted the US government’s planned bail-out of Fannie Mae and Freddie Mac as an “unmitigated disaster“.

George Soros (Who speculated against the English Centralbank and won, gaining billions):

His former trading partner, hedge fund guru George Soros, warned that the banks would not be the last victims in the “most serious financial crisis of our lifetime“.

Jim Rogers:

“I don’t know where these guys get the audacity to take out money, taxpayer money, and buy stock in Fannie Mae.”

Update 19.7.2008:


http://youtube.com/watch?v=vWa9AfkjwoY

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