Thursday, July 17, 2008

Ron Paul talks about Bernanke's Testimony

Here's Ron Paul's latest video message, where he talks about Ben Bernanke's testimony yesterday:


And also see Dr. Paul's Statement before the Financial Services Committee:

Mr. Chairman, today we find ourselves on the verge of an economic crisis the likes of which the United States has not seen in decades. Our economy is very clearly in a recession, and every time someone tells us that the worst has passed, another serious event takes place, as we saw once again last week and early this week. Everyone now realizes that the situation is dire, yet either no one understands the cause behind the credit crisis, or no one is willing to take the necessary steps to ensure as orderly an end to the crisis as possible. Instead, we hear talk of further bailouts. The Fed-brokered takeover of Bear Stearns, a supposed one-off incident, has now been joined by a potential bailout of the Government-Sponsored Enterprises, Fannie Mae and Freddie Mac.

Read the rest of Dr. Paul's statement

1 comment:

George said...

It sounds like we need a good ol' fashion lynching...