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Fannie Plan a ?Disaster?

posted 20 weeks ago on Blown Mortgage

That's according to Jim Rogers, George Soros' former fund manager, when asked his thoughts on the Fannie/Freddie bail out. Simply put, Hank Paulson and Ben Bernanke are bailing out their friends on Wall Street and passing the buck to 300 million American taxpayers. Personally I couldn't agree more.  I bought a house, maybe I made a mistake, but I certainly am not asking you dear reader to pick up the slack for my mistake, or for you to be forced to take my investment recommendation and plow some of your own hard money in to real estate. From Bloomberg: "I don't know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae," Rogers, 65, said in an interview from Singapore. "So we're going to bail out everybody else in the world. And it ruins the

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