10 responses to “Ron Paul’s Opening Statement: The Federal Reserve Created the Crisis”

  1. Danilo Ammon

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  2. Leo Horney

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  6. google reklam vermek

    Very nice thanks a sharing.

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  7. Carz

    It all started with The Bush Administration. Had their administration been able to control what’s best for the country and the best policies to effect change, we would not have been in the mess we are in right now.

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  8. Lawrence Beattie

    The real problem started when Bush and Congress paniced and approved $700,000,000,000 last year on no real facts about the so called toxic assets that have been on the books for years. This was triggered by the Regulators who, all of a sudden, decided the assets on the bank books were not valued properly – could not meet mark to market (although they did for months and years before). This required the banks to reprice the assets at an almost zero value, which required the banks to have more capital reserves to cover the new valuations. So, all of a sudden the banks did not have the minimum capital to meet regulator requirements, creating massive devaluation of bank stocks and market panic. We still don’t know what percentage of these toxic assets were really failing. It could have been just the normal percentage and the whole panic was for nothing.

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  9. longshotlouie

    It was heard. ‘Nuff Said

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  10. Lancelot

    What i heard from this, was a great speech, a great truth of what is occurring in this country. What the politicians heard was blah blah blah. What average Americans heard, was a form of Chinese because they don’t understand one word he just said.

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