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 (3:59): http://www.youtube.com/user/minnesot.../1/ZDAxsEEZMdg
December 14, 2009: "The Fed's Money Monopoly"
Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy’s false sense of security in the financial system. This mammoth piece of legislation would massively increase government regulation and oversight in the banking industry under the misguided reasoning that more government could have stopped faulty lending practices, when in actuality it caused them. This bill would also greatly increase the powers of the Federal Reserve, which too many in Congress still see as savior rather than perpetrator in this mess. One silver lining is that the...
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