Interesting Discussion on the U.S. Federal Reserve

If you're as confused as me about what on earth is going with the bailout of Fannie Mae and Freddie Mac, then do yourself a favour and listen to an interesting interview between John Batchelor and Jim Rogers. Tune to: 1:11:50.

According to Rogers, this is a blatant example of corporate welfare, protecting the riches of a tiny few, at the risk of hurting all the rest of us.