Jim Rogers Calls Fannie Plan - "unmitigated disaster''

Courtesy Digg - Business & Finance  Tue, 07/15/2008 - 00:31

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.

Goldman Sachs says shares my fall another 30%

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