Jim Rogers CNBC squawk box interview - 29 Aug
Let Fannie/Freddie and banks fail then replace Bernanke w/Trichet
"Why should the 300 million Americans take on the $6 trillion of debt that Fannie and Freddie incurred?" he said. "Let them go bankrupt, we have bankruptcy courts, that's what they're for, they will reorganize and start over."
"I, as a taxpayer, and 300 million other taxpayers, should not be on the hook for these guys' mistakes," he added.
"There are a lot of 29 years-old out there are driving Maseratis, let them turn in their Maseratis."
"Maybe in 20 years we will have 29-year old farmers driving Maseratis instead of 29–year-old investment bankers driving Maseratis,"