Monday, September 22, 2008

Ron Paul: This Bailout Won't Be the Last

Ron Paul: This Bailout Won't Be the Last
Post Date: 2008-09-20 17:57:51 by WhiteSands
I recently chatted with Rep. Ron Paul (R-Texas) about the gigantic financial bailout that the government is preparing to undertake. Some excerpts from the interview: What's your take on this huge financial bailout? "It's more of the same. More debt and more inflation and more pressure on the dollar. Ultimately, although the markets are responding very favorably at the moment, I think it is going to be devastating to the dollar and to our financial situation in this country." But don't we need to get these toxic assets off banks' balance sheets? "Sure, they need to be removed. Somebody needs to suffer the consequences [but] not the taxpayer. Everybody knows that they have ...

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