Real Estate – Jim Rogers says Fannie and Freddie are a ‘disaster’
2008 July 14
"The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster'' and the largest U.S. mortgage lenders are “basically insolvent,'' according to investor Jim Rogers.
Jim Rodgers, is the chairman of Rogers Holdings, in April 2006 he correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, also said the commodities bull market has a “long way to go''. Rogers, a former partner of hedge fund manager George Soros, predicted the start of the commodities rally in 1999. San Diego real estate agents
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Yup. Boy that deregulation sure did us wonders, didn’t it?
Trust the market. That’s always a winning strategy….