Ron Paul talks about subprime, liquidity, and the Fed (1/2)
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NYTimes, 9/30/99 "Fannie Mae Eases Credit To Aid Mortgage Lending"
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Regulate Regulate Regulate
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"If credit was left to the open market"
This open market you dream about is non existent. It exists absolutely no where on the planet.
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I bothered to read the news, which you haven't. Freddie and Fannie hold half a trillion in Alt-A mortgages, which resulted from when the government pressured them to expand mortgage loans among low and moderate income people. If credit was left to the open market, it would have been limited in supply, giving lenders more incentive to make sure the mortgagees were more creditworthy. BTW, Fannie and Freddie are government-subsidized corporations. Free markets are the problem? Hardly.
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You mean completely right. Did you bother reading what I wrote. Are you under the impession I wasnt mentioning the current disaster.
Ha Ha Ha Ha
I guess you only pay attention after the shit hits the fan.
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This current disaster pretty much proves you completely wrong.
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The open markets with no restrictions that Ron Paul advocates is disastrous and this is why libertarian policies have NEVER been implemented anywhere in the world EVER
Under a Ron Paul free market things like the sub-prime loan scam would be commonplace in all markets Free market capitalism is a rich mans dream and would only suppress the poor even more Other than that I guess Paul is ok minus his racial slurs and backing from the racist heritage foundation
Nader/Gonzalez 08
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scumbag senators bailing out these greedy jerks
3 years ago 3
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well said...
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Become the Media! 1 person tells 3 people pass the word. Ron Paul 2008!
4 years ago 3
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I hate to break it to you but the majority of Americans don't care if they get reamed in the ass with a samauri sword as long as they get their iPhones and 25 inch wheels on their cars. America has become a nation of cattle. The smart people on on Youtube and Internet forums are only a small fraction of the American population.
1911trigger 4 years ago 6
This is what kills me, the man is so astute on monetary/economics while the others know nothing other then saying what others tell them say. People need to realize how brilliant this man is & how much benefit will come from his election. The ignorant amongst the masses are the majority of the population & their opinion is molded by MainStreamMedia. We face educating a lot of the nation as those who are in power like them to be ignorant and gullible
eye8one2 4 years ago 4