Ron Paul at SEC Madoff House Financial Services Hearing

For full video see the CFL website.
http://www.campaignforliberty.com/
1/5/2009 This is an excerpt of Dr. / Congressman Ron Paul at the House Financial Services hearing with the SEC (Securities and Exchange Commission) on the Madoff scandal. Congressman Paul spoke out against government manipulation of the financial system and questions the SEC budget. Please Comment, Rate, and Subscribe to join the debate.
-SEC Budget:
Actual Obligations are ($ in 000s)
http://www.sec.gov/foia/docs/budgetact.htm

Category:

News & Politics

Tags:

• Madoff
• SEC
• Ponzi Scheme
• Ron Paul
• Campaign For Liberty
• CampaignforLiberty.com
• End the FED
• Federal Reserve Banking

[3DNC]

I agree Ron Paul should be President. There would be some hard times, but the long run would be true Liberty & Prosperity. As far as we get what we deserve, I do see your point there, but the mainstream neocons and neoMarxist (todays Republicans and Democrats) have the media in their pockets. Fascism and Socialism are closer than most realize. Most Americans are so fed up they don't participate, and the ones that do are usually brainwashed. We need real change. --Thanks for the comment

[ncfusion]

I have seen the full ten minutes, but you did a good job summing things up. I really don't the explination from the SEC at the end. Also, thanks for clairifing the figure Ron Paul gave. The money they have been spending lately it is easy to get the figures confused.

[3DNC]

I was confused by the numbers, but his response was correct. I checked the SEC website. They also show the numbers in hundreds of thousands and have a note about adding three zeros to the number (making the budget hundreds of millions).

-> Actual Obligations ($ in 000s)

2001 = 422,800 ($ in 000s) OR $422,800,000

2008/2009 = $913,000,000

I don't think they are trying to confuse people, but it is kind of stupid. I guess millions would not fit the HTML table :)

[Wealth4Everyone]

agreed, this guy should be president.

[Amhlair]

This guy should be our president right now. But we get the leaders we deserve, so let's see what happens.