Jul 14 2008
Rogers Calls Fannie, Freddie Rescue a “Disaster”
Jim Rogers makes some excellent observations in this interview, worth listening to the end. Especially notice his comments about what the stupid, knee-jerk / populist plans in Congress to outlaw “commodities speculation.” Rogers agrees with our assessment, that this is akin to telling people living in the United States — through their pensions and investment accounts — that they are forbidden from protecting themselves against government created inflation through reckless bailouts like what’s been announced with the Freddie and Fannie rescue plans.
