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peaceandlove · 01-12-2010, 07:07 PM

Texas Straight Talk ~ A Weekly Column

Congressman Ron Paul
New Every Monday at http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.

VIDEO (3:57): http://www.youtube.com/user/minnesot.../6/HUwqK4hu5AY

January 11, 2010: "Why the Fed Likes Independence"

Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs. Apparently he felt at the time that regulators and the public would be angry that taxpayer money was used to fully compensate bankers who made some horrifically bad investment decisions. These banks should have suffered the consequences of the huge risks they were taking. After all, they kept plenty of rewards when times were good. Instead, the…

Continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml

01-12-2010, 07:07 PM	#92
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Ron Paul 10/20/2008 "New Era of Slavery" Texas Straight Talk ~ A Weekly Column Congressman Ron Paul New Every Monday at http://www.house.gov/paul or phone 1-888-322-1414 for recorded message. VIDEO (3:57): http://www.youtube.com/user/minnesot.../6/HUwqK4hu5AY January 11, 2010: "Why the Fed Likes Independence" Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs. Apparently he felt at the time that regulators and the public would be angry that taxpayer money was used to fully compensate bankers who made some horrifically bad investment decisions. These banks should have suffered the consequences of the huge risks they were taking. After all, they kept plenty of rewards when times were good. Instead, the… Continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml Last edited by peaceandlove; 01-21-2010 at 02:02 AM.