Peter Schiff Speaks The Language Of Ron Paul On Bailouts With Glenn Beck [Video]

September 16th, 2008 11:50 pm  |  by  |  Published in Banking, Big Government, Debt, Economics, Ron Paul, Television, Video  |  2 Responses

Peter Schiff, who endorsed Ron Paul for President, appeared on Glenn Beck’s television show yesterday discussing the recent government bailouts and what the future holds. Hint: It’s pretty bleak.

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  1. mckinleyforcongress says:

    September 17th, 2008 at 7:20 am (#)

    Schiff is describing classic “rent seeking” behavior. If the government signals through its actions that the bigger and more complex that financial institutions are, the more likely they will get a bailout, the first thing they will do once they have problems in order to save themselves is to get bigger and more complex.

  2. Marc Gallagher says:

    September 18th, 2008 at 12:28 am (#)

    Vern,

    Great comment and so true… that’s exactly why ML agreed to the purchase by Bank of America.

    -Marc

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