Bail out? Hope this issue will resolve immediately so people in America can live with harmony again. People also must responsible enough for finances.
Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.
good idea. get rid of income tax. this forces people to save like the chinese. but raise sale tax. this forces share income with the government when people buy luxury and unneccessary stuff like buy very model of ipod ever came out.
the bailout is delaying things and making it so much worse, and our kids are going to have to pay, unfortunately. stock up on food, water and extra batteries etc. If you can get gold and silver go ahead. look at what happened in argentina and get prepared
I knew the United States would collapse within my life time. And bail out or not, all we are doing is delaying what is going to happen. The United States 'is' going to collapse. Its only a matter of time. Our government keeps spending more and more, even though they it does not have any money.
THe collapse of the United States has been purposely orchestrated by the Federal Reserve and the other elitist entities that are the true power. The president is not the power. He is merely the puppet for the elitist to do their bidding. That's why Obama isn't going to save us either. The Federal Reserve has the ability play the strings of the economy like a violin and they are doing exactly that.
The moral hazard in the primary mortgage market was created by the politically-connected-to-Dems GSE dominated secondary mortgage market on an 'affordable housing mission' meaning the discarding of the prudent risk-based underwriting principles of the past to get uncreditworthy people into subprime loans and encouraging more of the same by buying them all up from the originators.
Fannie and Freddie ran roughshod during the housing bubble on their 'affordable housing mission' and protected from any regulation by congressional Democrats.
Republicans tried to reign in the GSEs at the start of the housing bubble to prevent catastrophe.
But Fannie and Freddie had the Democrats in their pockets and the Dems prevented the regulation that would have prevented this financial crisis on the downslope of the housing bubble.
When ideology crashes into facts, this is sticking to ideology. Government has had an incredibly light hand on the market, and the causes -- short term rewards for some at long term risks for others, Wall Street getting rich on ponzi scheme -- would not have been prevented by changing the Fed. The Great Depression, Reaganomic's deregulation causing the Savings and Loans fiasco, and the current uber-deregulation fiasco are all free market failures that need intelligent responses.
Can one of the Fannie & Freddie caused it folks please explain why derivatives were being purchased by capitalists? It makes no sense at all to blame this on the CRA if capitalists under no government pressure or guarantees were purchasing bundled packs of these mortgages. Please explain what I'm missing in more specific terms: CRA did what to the derivatives market?
* CRA didn't force people to lie -- just the opposite, it made it easier to get a loan while having a smaller income while being honest.
* No one forced investors to buy mortgage backed securities. Government regulation isn't the cause of the real fault-line. The securities created the incentive to lie.
* Many companies made choices about how much to get into or out of these markets.
Again, it seems facts and ideology have crashed. Give a specific example pls.
AIG provided credit default swap insurance on defaults on these mortgage-backed securities made toxic by Clinton and his cronies.
The Mistress of Disaster, Jamie Gorelick, strikes again. First, the creator of Clinton's Jamie Gorelick Wall that killed counterterrorism cooperation, the failure which allowed 9/11 to occur.
Enron'ing of Fannie Mae's accounting to line her pockets with a cool $75M and the toxic mixing of prime and subprime mortgages together in securitizations which killed AIG.
2000 After most law makers have adjourned for Christmas holiday Senator Gramm R texas attaches a 262 page amendment to the omnibus appropriations bill called:
"The Commodity Futures Modernization Act"
This one piece of legislation deregulates derivative trading leading to the collapse of Enron.
Forging the way for new unregulated securities such as "Credit Default Swaps"
MBSs and CDOs corrupted by Fannie and Freddie with subprime loans made during the housing bubble with underwriting guidelines lowered by Fannie and Freddie.
The crux of the problem was the secondary mortgage market (Fannie and Freddie) cashing in recklessly on the housing bubble, able to easily thwart OFHEO oversite due to being well connected politically to congressional democrats. This fueled the moral hazard inherent in the primary mortgage industry.
What about AIG? This is result of BOTH corporate parties buying into the idiotic uber deregulatory philosophy of Milton Friedman. The fox guarding the hen house...who couldn't see this shit coming?
KindergartenFlunkout667 is too stupid to realize that financial risk management through derivative swaps, for managing risk against defaults on mortgage-backed securities, were around long before the Clinton Admin. corrupted the mortgage pools that fund these mortgage-backed securities with forcing banks to lend trillions in mortgages to uncreditworthy democrats.
Clinton cronies (Raines, Gorelick) at Fannie mixed the toxic mortgages with good mortgages in MBSs instead of segregating the risk.
I don't think many in the public and even the news media can even follow Dr Paul when he speaks freely. He said things here like "having to stop the Fed from monetizing the debt". Most folks don't even know what that is.
Ron Paul is the only guy out of all the presidential candidates who understands the mess the U.S. is in. Here in America, 10% of people who buy books actually read them and that is big part of the problem. So here's a link for all of you who read this comment:
Go to mises (dot) org, which has an enormous resource base of mp3s, videos, and books on all things economic and start educating yourself. The site also has five books by Ron Paul, including "The Case for Gold."
Great interview! Don't give up the fight! Keep supporting Ron Paul no matter what the media or anyone else tries to say. Also, I've heard youtube has been censoring and acting biased against Ron Paul videos so keep your eyes open and let youtube know that FREEDOM IS POPULAR!
Ron PAUL is for TRUTH, JUSTICE, FREEDOM, LIBERTY, "SOUND" ECONOMY, and PEACE
Other Candidates are for WAR and ECONOMIC DISASTER: ESTABLISHMENT "WAR Porfiteers" for Waste of American BLOOD and TREASURY; Trillion-dollar "DEBT" but "PROFIT" for elite "crook" CAPITALISTs (Halliburton and Military Industrial Complex) - paid for by your GRANDCHILDRENs CHILDREN TAX-Increase...
In truth Dr Paul is the only candidate that actually thinks & speaks for himself you can see him formulate his answrs from his deep knowledge of intl history & commerce on the spot vs bush's gloating idiotic bobble headed doll responses or hillary's written candor & cackle. The truth shall set us free. Ron Paul & Dennis Kucinich really should team up. they can't kill us all...
This could not be sweeter. Totally Righteous. I'm an average American and Ron Paul has shattered my INDOCTRINATED way of thinking. The idea of real FREEDOM makes me feel scurred at times but then I see fake speed boat propaganda and get real scurred.
Ron Paul supporters, we need to get the word out and it's time for a Blitz. Send the following video link to all whom you know, voters or not, it's important. Watch it from 2:23 on. It is entitled: 9. From Freedom to Fascism (part 9 of 11)
It needs to get out to all citizens of this country!
"I'm not accusing you of anything sir, but here's a few facts which makes you look guilty." "Are you a pessimist about bla bla." All done for the 60sec sound byte. What a douche bag.
On health care he believes a free market would lower prices. Doctors competing for patients instead of relying on insurance or government. Imagine a heart surgeon having a bypass sale. Just kidding around but it is a monopoly on health care right now with the insurance companies.
We need a master of finance at the helm of our nation and its economy because it is our economy that makes us strong! Mr. Paul Understands this and will put the US back on Track!
Bail out? Hope this issue will resolve immediately so people in America can live with harmony again. People also must responsible enough for finances.
spectrum2000now 1 year ago
Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.
tickyul 1 year ago
Bailouts are a really bad idea.
tickyul 1 year ago
thehelpfund.blogspot
mannyfeseha 3 years ago
good idea. get rid of income tax. this forces people to save like the chinese. but raise sale tax. this forces share income with the government when people buy luxury and unneccessary stuff like buy very model of ipod ever came out.
KhmerD0g 3 years ago
the bailout is delaying things and making it so much worse, and our kids are going to have to pay, unfortunately. stock up on food, water and extra batteries etc. If you can get gold and silver go ahead. look at what happened in argentina and get prepared
becomemorespirit 3 years ago
I knew the United States would collapse within my life time. And bail out or not, all we are doing is delaying what is going to happen. The United States 'is' going to collapse. Its only a matter of time. Our government keeps spending more and more, even though they it does not have any money.
live777evil666 3 years ago 2
THe collapse of the United States has been purposely orchestrated by the Federal Reserve and the other elitist entities that are the true power. The president is not the power. He is merely the puppet for the elitist to do their bidding. That's why Obama isn't going to save us either. The Federal Reserve has the ability play the strings of the economy like a violin and they are doing exactly that.
RiotGrrrlLogic 3 years ago
Another man speaks the truth about the bail out. Thank you McCotter watch?v=gAn2gpEGBUM&feature=email
phrek75 3 years ago 2
The moral hazard in the primary mortgage market was created by the politically-connected-to-Dems GSE dominated secondary mortgage market on an 'affordable housing mission' meaning the discarding of the prudent risk-based underwriting principles of the past to get uncreditworthy people into subprime loans and encouraging more of the same by buying them all up from the originators.
averageworkinggal 3 years ago
Fannie and Freddie ran roughshod during the housing bubble on their 'affordable housing mission' and protected from any regulation by congressional Democrats.
Republicans tried to reign in the GSEs at the start of the housing bubble to prevent catastrophe.
But Fannie and Freddie had the Democrats in their pockets and the Dems prevented the regulation that would have prevented this financial crisis on the downslope of the housing bubble.
This is a Dem catastrophe, not Wall Street.
averageworkinggal 3 years ago
When ideology crashes into facts, this is sticking to ideology. Government has had an incredibly light hand on the market, and the causes -- short term rewards for some at long term risks for others, Wall Street getting rich on ponzi scheme -- would not have been prevented by changing the Fed. The Great Depression, Reaganomic's deregulation causing the Savings and Loans fiasco, and the current uber-deregulation fiasco are all free market failures that need intelligent responses.
spaceshare 3 years ago
Comment removed
dconjar 3 years ago
Can one of the Fannie & Freddie caused it folks please explain why derivatives were being purchased by capitalists? It makes no sense at all to blame this on the CRA if capitalists under no government pressure or guarantees were purchasing bundled packs of these mortgages. Please explain what I'm missing in more specific terms: CRA did what to the derivatives market?
StephenCataldo 3 years ago
Comment removed
dconjar 3 years ago
* CRA didn't force people to lie -- just the opposite, it made it easier to get a loan while having a smaller income while being honest.
* No one forced investors to buy mortgage backed securities. Government regulation isn't the cause of the real fault-line. The securities created the incentive to lie.
* Many companies made choices about how much to get into or out of these markets.
Again, it seems facts and ideology have crashed. Give a specific example pls.
StephenCataldo 3 years ago
Comment removed
dconjar 3 years ago
De-regulation is self- regulation.
Self- regulation is self discipline.
The tree of self discipline needs to be watered regularly with the blood of pigs and fools.
Stop the Bail Out!
Let the pigs and the fools get slaughtered.
Time to water the Tree of Self Discipline
Kmcshea15 3 years ago
AIG provided credit default swap insurance on defaults on these mortgage-backed securities made toxic by Clinton and his cronies.
The Mistress of Disaster, Jamie Gorelick, strikes again. First, the creator of Clinton's Jamie Gorelick Wall that killed counterterrorism cooperation, the failure which allowed 9/11 to occur.
Enron'ing of Fannie Mae's accounting to line her pockets with a cool $75M and the toxic mixing of prime and subprime mortgages together in securitizations which killed AIG.
averageworkinggal 3 years ago
2000 After most law makers have adjourned for Christmas holiday Senator Gramm R texas attaches a 262 page amendment to the omnibus appropriations bill called:
"The Commodity Futures Modernization Act"
This one piece of legislation deregulates derivative trading leading to the collapse of Enron.
Forging the way for new unregulated securities such as "Credit Default Swaps"
tomasleeman 3 years ago
CDSs are not the root cause.
MBSs and CDOs corrupted by Fannie and Freddie with subprime loans made during the housing bubble with underwriting guidelines lowered by Fannie and Freddie.
The crux of the problem was the secondary mortgage market (Fannie and Freddie) cashing in recklessly on the housing bubble, able to easily thwart OFHEO oversite due to being well connected politically to congressional democrats. This fueled the moral hazard inherent in the primary mortgage industry.
averageworkinggal 3 years ago
The interviewer is such a douchbag.
Ron Paul though is 100% right. It's a damn
shame he's not president. =(
drogden 3 years ago
GS (Goldman Sachs) 129.80+21.80 / +20.19% Sep 19
Henry Paulson, Treasury Sec., former chairman and CEO of Goldman Sachs.
kesmith32 3 years ago
liquidate all the bad debt - Ron Paul
Remember those words america
buffaloman1980 3 years ago
This is BS!!!! I have to pay MORE TAXES because Bush and his Idiot following screwed up royally!!!! Why doesn't he PAY!!!!!
DontBeSoIgnorant 3 years ago
Fannie Mae - created by the Democrats as part of the New Deal.
Freddie Mac - created by the Democrats as part of the Great Society.
The Democrats got the government in the mortgage market which inevitably would lead to a taxpayer bailout as now.
averageworkinggal 3 years ago
What about AIG? This is result of BOTH corporate parties buying into the idiotic uber deregulatory philosophy of Milton Friedman. The fox guarding the hen house...who couldn't see this shit coming?
oldskool667 3 years ago
KindergartenFlunkout667 is too stupid to realize that financial risk management through derivative swaps, for managing risk against defaults on mortgage-backed securities, were around long before the Clinton Admin. corrupted the mortgage pools that fund these mortgage-backed securities with forcing banks to lend trillions in mortgages to uncreditworthy democrats.
Clinton cronies (Raines, Gorelick) at Fannie mixed the toxic mortgages with good mortgages in MBSs instead of segregating the risk.
averageworkinggal 3 years ago
I don't think many in the public and even the news media can even follow Dr Paul when he speaks freely. He said things here like "having to stop the Fed from monetizing the debt". Most folks don't even know what that is.
guitarswheelies 3 years ago 2
Great interview. Kudlow did a good job.
jesuslover037 3 years ago
good interview, rings true AGAIN today with respect to the Fannie/Freddie bailout situation
rstruzik 3 years ago
Ron Paul is just so right on the money.Why can't we get a pres.congress and senate with this honest wisdom and common sense.
thai1959 4 years ago 3
This has been flagged as spam show
Ron Paul is the only guy out of all the presidential candidates who understands the mess the U.S. is in. Here in America, 10% of people who buy books actually read them and that is big part of the problem. So here's a link for all of you who read this comment:
Go to mises (dot) org, which has an enormous resource base of mp3s, videos, and books on all things economic and start educating yourself. The site also has five books by Ron Paul, including "The Case for Gold."
dimonemon 4 years ago
Is the bald headed, big mouth a-hole Larry Kudlow?
Man, what an annoying propagandist, don't they have someone a little more believable?
Call central casting....
motonegros 4 years ago
Great interview! Don't give up the fight! Keep supporting Ron Paul no matter what the media or anyone else tries to say. Also, I've heard youtube has been censoring and acting biased against Ron Paul videos so keep your eyes open and let youtube know that FREEDOM IS POPULAR!
revolutionvendetta22 4 years ago 5
Ron PAUL is for TRUTH, JUSTICE, FREEDOM, LIBERTY, "SOUND" ECONOMY, and PEACE
Other Candidates are for WAR and ECONOMIC DISASTER: ESTABLISHMENT "WAR Porfiteers" for Waste of American BLOOD and TREASURY; Trillion-dollar "DEBT" but "PROFIT" for elite "crook" CAPITALISTs (Halliburton and Military Industrial Complex) - paid for by your GRANDCHILDRENs CHILDREN TAX-Increase...
whadaphoc 4 years ago 4
In truth Dr Paul is the only candidate that actually thinks & speaks for himself you can see him formulate his answrs from his deep knowledge of intl history & commerce on the spot vs bush's gloating idiotic bobble headed doll responses or hillary's written candor & cackle. The truth shall set us free. Ron Paul & Dennis Kucinich really should team up. they can't kill us all...
SandiDinsdale 4 years ago 8
This could not be sweeter. Totally Righteous. I'm an average American and Ron Paul has shattered my INDOCTRINATED way of thinking. The idea of real FREEDOM makes me feel scurred at times but then I see fake speed boat propaganda and get real scurred.
moonsouljah 4 years ago 6
Ron Paul supporters, we need to get the word out and it's time for a Blitz. Send the following video link to all whom you know, voters or not, it's important. Watch it from 2:23 on. It is entitled: 9. From Freedom to Fascism (part 9 of 11)
It needs to get out to all citizens of this country!
verumimillenium 4 years ago 3
Las Vegas Odds for Dr. Ron Paul, Congressman from Texas. Running for the President of the United States of America
July 2007 none
Nov. 2007 200 to 1
Jan. 2008 15 to 1
HAHAHAAHAHAHAHAHAHAHAHAHA
The media can mock him, ignore him, but when it comes to money Vegas reports the facts.
Ron Paul 2008, Yes Virginia miracles do happen.
moviedude111 4 years ago
"I'm not accusing you of anything sir, but here's a few facts which makes you look guilty." "Are you a pessimist about bla bla." All done for the 60sec sound byte. What a douche bag.
fordcoolcarr 4 years ago
wisdom at its best
hewolfe 4 years ago 3
larry krudlow has a great future running a "svidtz" on halstead street, in chicago.
garyowen4ever 4 years ago
Ron knows his stuff when it comes to the budget. Would like to hear his take on healthcare since he's a doctor.
A Republican radical is the only interesting candidate they have, esp when you think of that robot Mitt Runmoney.
markstender 4 years ago 4
This guy knows his stuff. He doesnt just throw out info that he hasnt researched like some other politicians.
bgabbs69 4 years ago 2
On health care he believes a free market would lower prices. Doctors competing for patients instead of relying on insurance or government. Imagine a heart surgeon having a bypass sale. Just kidding around but it is a monopoly on health care right now with the insurance companies.
moviedude111 4 years ago
We need a master of finance at the helm of our nation and its economy because it is our economy that makes us strong! Mr. Paul Understands this and will put the US back on Track!
certusverna 4 years ago 3
He's more comfortable on TV because his PA now insists the station find him a nice cushion
Don't let TV stations give you are hard seat
OghamTheBold 4 years ago
Hehe Ron Paul rocks! He has given no chance to Kudlow!
Great guy is Ron Paul, notr only America need him as a president - all world needs him!
SolitonPL 4 years ago 2
GO RON PAUL!
ronpaul2008 (dot) com
TarotFate 4 years ago 3
Is it just me or is Ron Paul getting a LOT more comfortable on TV?
tosaha33 4 years ago 3
yea, he does seem to be getting better.
jnormandia 4 years ago 3
He's going to rock tonight
soulmantim 4 years ago