Ron Paul: Don't bail out Wall Street

[loco]

Sep. 23, 2008

Story Highlights

• Ron Paul: Too much government meddling in economy caused crisis
• Paul says the bailouts are another case of excessive intervention in economy
• The government isn't letting the market adjust prices to lower levels, Paul says
• Paul: Bailout will only increase financial instability in the long run

http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html

[headhuntersix]

He's probably right, McCain is starting to have issues with it as it appears that this will cause more problems then fix them.

[Bindare_Dundat]

He's probably right, McCain is starting to have issues with it as it appears that this will cause more problems then fix them.

 

Good grief, you think because McCain thinks it's ok Ron Paul might be right? You got ass backwards.

[y19mike77]

Ron paul is right.

We need to let em crash and burn.

Be hard for a while but better in the long run.

[headhuntersix]

Are u an economist. RP is going to blast this as a Conservative. I have no idea if it will work and I'm not crazy about bailing anybody out with my tax dollars.

[The Coach]

Sep. 23, 2008

Story Highlights

• Ron Paul: Too much government meddling in economy caused crisis
• Paul says the bailouts are another case of excessive intervention in economy
• The government isn't letting the market adjust prices to lower levels, Paul says
• Paul: Bailout will only increase financial instability in the long run

http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html

I agree with this.

[headhuntersix]

It would appear the last two banks left standing in this mess are already starting to reorganize to look and operate more like normal commercial banks....the market is already taking steps.