Paulson Asset Management, LLC So now the Treasury has a massive $700 billion bailout plan on the table. The idea is to create a government agency to deal with bad mortgage related debt, sort of like how the Resolution Trust Corp. (RTC) dealt with $394 billion in assets of failed banks during the S&L...
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Growth Report
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Ian Wyatt
on
09-24-2008
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Filed under: Growth Report, Ian Wyatt, short, Fed, Bernanke, Freddie Mac, Fannie Mae, jim rogers, paulson, MLP, AIG, Silverado, PIMCO, Putin, Lincoln, Treasury, Yukos, RTC, Bill Gross
On Monday, in a CNBC Europe interview, Jim Rogers wondered if the US was “…more communist than China .” He was referring to the Fed’s bailout of Freddie Mac and Fannie Mae, and to a lesser extent, the bailout of Bear Stearns back in March. “Socialism for the rich”...