The Fannie-Freddie bailout is “socialism for the rich,” says Jim Rogers. Not for “homeowners in trouble” – not that that’s a good idea – but for “Wall Street and the big banks.” Actually, Jim, this is just more fascist corporatism: an FDR-style big government-big business partnership against the rest of us. BTW, Ron Paul warned against all of this, years ago. And wait a minute, Jim, you’re right. This is socialism: national socialism. (Thanks to Nels Stemm)
(Thanks to Tim Swanson)
