Let Fannie, Freddie Fail: Jim Rogers

Let Fannie, Freddie Fail: Jim Rogers

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Fannie Mae and Freddie Mac should not be saved if they go bankrupt, and economic stimulus packages do more harm to economies in the long run than good in the short term, Jim Rogers, CEO of Rogers Holdings, told CNBC Friday.

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"Why should taxpayers pay off the debts ran up by non elected officials" Jim Rogers.

I love this guy. The fact is Freddie and Fannie should be allowed to fail. The auto and air industry also needs to fail. The taxpayer should not have to bail them out.

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