Jim Rogers : Let the Fannie and Freddie go bancrupt

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: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache...
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Category:

News & Politics

Tags:

• Jim
• Rogers
• Ben
• Bernanke
• Henry
• Paulson
• FED
• dollar
• gold
• Ron
• Paul

[alichoturko]

privatized profit, socialized loss. What a scam the US econ is.

[jengacrock]

Jim Rogers is right on target. We can't bail out the world! Whats so damn bad about bankruptcy? Let the banks go to Consumer Credit Counseling, work out some payment plans and let them get back on their feet. If the damn banks and mortgage companies would work out something with the customers instead of foreclosing...something is better than nothing...this will work it's way out to where everyone wins. But the bailout only helps the crooks.

[davepamn]

Helping freddie mae makes the dollar more vulnerable and increases inflation. The fed takes on risky real estate assets.

[UltraDuperSuper]

These videos keep being unavailable.

[69vmac]

Great video. This is not a left or right issue. This is a BANKING & GOVERNMENT ELITES vs AMERICAN PEOPLE issue. Because of our debt-based monetary system, all public and private debts result in large interest profits for central and private banks. And, when banks or GSEs like Fannie/Freddie take too much risk, the politicians bail them out with taxpayer money. Check out "Why We Are In So Much Debt" on YouTube to see who profits from all our debt.

[tickyul]

The best idea is to DISMANTLE both Fannie and Freddie. The idea of both of these companies is to inject liquidity into the mortgage markets, by freeing banks capital which would otherwise be tied up in the loans if it were not for F&F buying. The problem is when F&F get burned, the government gets burned. Also, I am sure banks are a lot less careful doing their underwriting due to the fact that F&F are going to soon be taking the stinky paper off thier hands, Will F&F ever die, oink oink, never.

[Luigi84289]

yup the Federal Reserve owns it completely. That's why you can't win a presidential election unless you are their buddies and are a dem or rep. We have to tear it down.

[Luigi84289]

It's like if you have to keep giving your buddy money because he can't manage it. Eventually you are going to run out of money to give him. What we are doing is far worse because the money they use for the bailouts comes from us. (inflation) People don't put 2 and 2 together. The reason prices go up is because the Federal Reserve is taking your money. They just do it in a sly sneeky way. Charging somebody consistently more and more for X is stealing. Inflation without an up in wages is stealing.

[Lingerfoot]

What about Marc Faber and Robert Kiyosaki?

[rockandroller1318]

1 cover u mouth wit u hand

2 make a wish into it

3close ur hand[make it into a fist]

4 holdur hand[the fist] to ur heart for 5 sec

5 send diz to 3 more videos

6 tomorrow will be ur best day of ur life

[ytkingster]

And the "crooks" are the ones who make the rules. They are the judge, jury, and executioner and most shameful of all, they are your Government.