Wikinvest Wire

Jim Rogers on the Fannie/Freddie bailout

Tuesday, September 09, 2008

Big surprise! Jim Rogers isn't a big fan of the Fannie Mae/Freddie Mac bailout.


Anonymous said...

Jimmy has been short both freddie and fannie since they were both over $60 a share.

Considering he covers today or anywhere in the sub 1 dollar level, he'll take one hell of a P&L this year.

6,000% return on the trades, and I estimate he's allocated 2-5% of his portfolio into those shorts. He's looking at a 120-300% return for his entire fund, not including his investment bank shorts are undoubtedly up astronomically.

My hats off to you Jimmy.

Anonymous said...

He's also been long airline stocks for a while......

Stephen said...

It'll be interesting to see the effects of the IAS360 housing index to determine whether the bailout stabilizes the market or not. This index analyzes the data on a county level.

Anonymous said...

I think this is an old clip. It showed fannie at 10 dollars, when it was below a buck the last time I checked. I think this was before the events of this past weekend, although he blasted those on CNBC Europe this week.

David said...

True, as the commenter above noted, this is a Bloomberg clip from July, when Jim was following up that weekend announcement's of a proposed government bailout.

Great clip, and here are some very recent reactions from Rogers on the completed nationalization of Fannie and Freddie:

See the second link for Jim's most recent Bloomberg appearance.

  © Blogger template Newspaper by 2008

Back to TOP