kikipeepers asked
Has America created its own variety of communism with the U.S. Treasury Department’s bailout of two beleaguered government-sponsored enterprises, Fannie Mae and Freddie Mac? According to Rogers Holding CEO Jim Rogers, the answer is yes. “America is more communist than China is right now,” Rogers said. “You can at least have a free market in housing and a lot of other things in China. And you can see that this is welfare for the rich. This is socialism for the rich. It’s bailing out the financiers, the banks, the Wall Streeters." Rogers said the bailout was not benefiting homeowners or helping average citizens improve their standing for a home mortgage...
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