www.govtrack.us McCain tried, but the Democrats blocked. "More than Communist China CEO: Fannie / Freddie Bailout makes America" more communist leader of China 'Rogers Holdings said CNBC Europe U.S. brand of socialism is only for the rich to Jeff Poor Business & Media Institute 2008/09 / 2008 17:24 .. 2006 has America created its own variety of communism with the U.S. Treasury Department's bailout of two beleaguered government-sponsored enterprises (GSE), Fannie Mae (NYSE: FNM) and Freddie Mac(NYSE: FRE)? According to Rogers Holding CEO Jim Rogers, the answer is yes. "America is more communist China is right now," Rogers told CNBC Europe's "Squawk Box Europe" September 8. "You can be at least a free market in housing and a lot of other things in China. And you can see that this prosperity is the rich. This is socialism for the rich. And 'the salvation of financiers, banks, Wall Street . Rogers, known for launching the Quantum Fund with George left the heavyweightSoros said the bailout was not benefiting homeowners or helping average citizens improve their position for a home mortgage. "It's not saving the homeowners who are in difficulty, among other things," said Rogers. "I do not want is to help people who have a mortgage - the supply is just financial institutions is not my idea of how things should be, but if that's what America, you know, people may want to choose to go there. to do. I think it is a mistake. "The Rogers HoldingsCEO ...
Keywords: Fannie, mae, freddie, mac, bailout, banks, mortgage, us, treasury, housing, loans, wallstreet, scandle, government, Michael, Savage
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