Saturday 1 November 2008

R. Paul one of the people who predicted the financial meltdown

R. Paul one of the people who predicted the financial meltdown
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Back in September 2003, Mr Paul told a House Financial Services Committee that: “Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
“This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions.” Of course, if we are going to give Mr Paul credit, than we should also highlight the efforts of Peter Schiff, his economic advisor and long-time economic hawk.
Ron Paul - Republican Congressman

Now only few numbers

16. Sept 2008 price 0,26 USD = bankruptcy
Shares FRE
Jul 21, 2000 1 share cost 40,81 USD x 647.02M = 26,405,000,000 USD



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RON PAUL FOR PRESIDENT 2008

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... These are the three fundamental reasons why Ron Paul failed to secure the nomination of his Party, despite the very high probability that he would have done much better than McCain and Palin, and may even have beaten Obama.
Obama will win. I expect that he will put the economy even more into the tank than it already is. He could even make it bad enough that his re-election is doubtful, but he will blame his predecessors and argue that he has not had enough time to fix 8 years of Republican rule. He will also try very hard to solidify his coalition by giving them favors.
Despite all that, Ron Paul will become even more of a viable opposition candidate. But the Republicans will never go for him because of the factors above. Besides there will be the Palins and others who will want to have the power...
by Michael S. Rozeff
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They may not be getting as much attention as McBama, but there are Ron Paul candidates running all over the country for positions from the US Senate to their local water board. We want to hear about your stories. Over the next couple of days, please check in and let us know what worked, what didn't, and what you will be doing to prepare for next time.
We are so proud of all of the citizen statesmen and women all over the country who have been woken up by this message and put themselves on the line to promote these ideals in their communities. Let's use this opportunity to learn from this experience so we can do even better next time!
by Don Rasmussen on 11/04/08

1 comment:

Anonymous said...

In 1913 it cost $.57 cents to buy what cost $1.00 in 1800.

In 2006 it costs $20.15 to buy what cost $1.00 in 1913