Jim Rogers Speaks the Truth about Fannie Mae and Freddie Mac
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If you let Fannie and Freddie go bust then the whole economic system goes down with it in America and across the world . The idea that Fannie Mae's balance sheet was represented largely by prime mortgages is of no consequence ;it was the sub prime element on the balance shet which caused the problem.
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sold his house in the US in 1980
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Outstanding, he smashed the ball right out of the ball park! Thieving bastards!
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"if you are blaming all this on short sellers, than you should have another job." Jim said it right and that idiot tv show host Bertha can now go be on a show on Hollywood gossip where she belongs.
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''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
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was does cnbc hire on stupid people........find another job bah hahahaha!
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he has personality and also i guess using their name is a form of good communication
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we don't have to pay shit. We can leave america and all the shady motherfuckers right here. Think about it. Without the human condition the bastards fucking us up don't stand a chance. Or lets not breed and leave together in communes.
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Rogers is the effin man.... he remembers all their names and then OWNS them and makes them look like the ass clowns that they are
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Great interview! Jim Rogers is a monster and they were not ready for him. CNBC should be ashamed having those two rookies talking to someone of his knowledge and ability.
I agree with him by the way, let Fannie and Freddie die. Also, we need to do away with the Federal Reserve System. These people have no tie to the people and are not accountable to them, thus we get the conditions we are in today.
Something has to change!
investwithpassion 3 years ago 10
People should really pay attention to this guy.
KewazingaBabinga 3 years ago 9