Jim Rogers had a few spectacular quotes from his interview today with Bloomberg. The discussion focused on the recent government plan to bail out Fannie and Freddie. Here are a few of my favorite quotes from Rogers:
- "I don't know where these guys get the audacity to take our money, taxpayer money, and buy stock in Fannie Mae."
- "These companies were going to go bankrupt if they hadn't stepped in to do something, and they should've gone bankrupt with all of the mistakes they've made."
- "What's going to happen when you Band-Aid and put some Band-Aids on it for another year or two or three? What's going to happen three years from now when the situation's much, much, much worse?"
- "[Bernanke and Paulson] are ruining what has been one of the greatest economies in the world."
- "[Bernanke and Paulson] are bailing out their friends on Wall Street but there are 300 million Americans that are going to have to pay for this."







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