Digg: Jim Rogers Calls Fannie Plan - "unmitigated disaster''

Where is the punishment for the predatory lenders who were the primary catalyst of all of this? When you apply for a loan, all of your financial information is on display and quite clear. The lender knows whether or not you can pay the mortgage but many people got approved anyway. And again, it just looks like nobody will get punished for creating such havoc. Another calling card of this administration.

The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers. Goldman Sachs says shares my fall another 30%

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