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  • Commentary: Bailouts will lead to rough economic ride - CNN.com

    From the page: "The bailout of Fannie and Freddie, the purchase of AIG, and the latest multi-hundred billion dollar Treasury scheme all have one thing in common: They seek to prevent the liquidation of bad debt and worthless assets at market prices, and instead try to prop up those markets... more

    Reviewed by mxe806j02 Sep 23 2008, 01:10pm ( 17 reviews ) • cnn.com

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  • Rated by frugalrebel on Sep 26 2008, 6:30am

    Very interesting take on the current crisis and what is the cause.

  • Rated by CelticMasterPlan on Sep 24 2008, 6:56pm

    Ron Paul has a great "take" on the present financial crisis. I agree that government intervention is destabilizing, but I also believe that given the ability of the market to overpromote, there need to be regs that force ethical conduct and which provide for accountability. Just as you aren't allowed to rob the local 7-11 one shouldn't be allowed to defraud investors by disguising the actual basis in the mortgage backed securities. Transparency and accountability are not meddling -- they actually promote a free marketplace.

  • Reviewed by GaryJay on Sep 24 2008, 1:54pm

    this makes perfectly good sense to me. I say---let the greedy sink on thier own. Yes it will hurt like hell, but I see no reason why any of them should be rewarded for their greed or for their lack of good common sense.

  • Rated by esdummit on Sep 24 2008, 1:06pm

    Truer words were never spoken on CNN!

  • Rated by JewelsWoolf on Sep 23 2008, 11:11pm

    Will an immediate bailout lead to a larger consequence (CRISIS) down the road? It's about time mainstream Americans begin listening to Ron Paul! (It's just too bad they can't vote for him.) WAKE UP, America!

  • Rated by JackyeChan on Sep 23 2008, 8:14pm

    From the page: "The solution to the problem is to end government meddling in the market. Government intervention leads to distortions in the market, and government reacts to each distortion by enacting new laws and regulations, which create their own distortions, and so on ad infinitum."

  • Rated by mxe806j02 on Sep 23 2008, 1:10pm

    From the page: "The bailout of Fannie and Freddie, the purchase of AIG, and the latest multi-hundred billion dollar Treasury scheme all have one thing in common: They seek to prevent the liquidation of bad debt and worthless assets at market prices, and instead try to prop up those markets and keep those assets trading at prices far in excess of what any buyer would be willing to pay."

  • Rated by mskee on Sep 23 2008, 10:29am

    From the page: "# 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 "

  • Rated by Gracey on Sep 23 2008, 9:45am

    Wise words, from a wise man.. sadly, Rep. Paul gets very little credit from the media for always being "right on the money" about money.