fxtrader07

Applauding the Fed's GSE Action

all this sudden care for the 'public well-being' displayed by hedgefund managers like rogers and ackman is pretty odd given their high personal interest in a failure and collapse of these companies. they are talking their books , plain and simple and listening to their suggestions and bailouts is a waste of time. acting on it means to hand them profits on a silver platter. jim rogers should simply enjoy his fat profits and otherwise shut up. he has moved to singapore, so what the heck has he to lose when fannie and freddie were to collapse? he couldn't care less. oh, the 'morak hazard' argument. sure, this is involved, but the average american citizen will gladly and rightly accept a moral hazard problem here as opposed to the alternative of a total crashing and collapse of the financial system and the u.s. economy.