Fannie Mae, Freddie Mac's Pains-Jim Rogers' Gains
One who is making big money from this is libertarian investment super star Jim Rogers. I told you last year how he was making big money from selling short Fannie Mae, which had fallen from roughly $60 per share to $30. Now Fannie Mae is trading at $13 per share. I don't know how big amounts he was selling short, but it seems likely he made sizeable profits from his, just as he did with his bets on rising commodity prices.
Here is an interesting interview where he discusses among other things, his emigration to Singapore, the future of Asia and America and the oil market. He also reveals a great gain in the personal area in the form of him and his wife having a second daughter. He also predicts the end of the Federal Reserve, an area where I am not as optimistic. Just because it causes disasters won't make it disappear. The Fed didn't disappear after the Depression, just as the Zimbabwean central bank hasn't disappeared. In order for that to happen, there must be widespread awareness of the role of the central bank in creating the problem, something which is not present now.
I also note that he is still waiting for the dollar sucker's rally that he has been waiting for since late last year for the purpose of getting rid of the rest of his U.S. dollar assets, a time during which the dollar has dropped significantly against most currencies. So even if there is another sucker's rally he is likely to lose from waiting. But that just illustrates his old self-admitted characteristic of being a terrible short-term trader (at one time he even said he was "the worst trader in the world"), even as his extraordinary skills in analyzing the fundamentals that create long-term trends make him one of the best investors in the world.