Ron Paul, The Bad Bank Is The Federal Reserve

February 14th, 2009 10:45 pm  |  by  |  Published in Bailouts, Banking, Big Government, Constitution, Debt, Economics, Federal Reserve, FOX news, Free Market, inflation, Money, national debt, Ron Paul, Taxes  |  0

Ron Paul was interviewed on Fox Business Channel earlier today for two segments. He discussed the “plunderous” stimulus package that Congress passed and is now awaiting Obama’s signature. I bet he’d use his left hand to sign it even if he were right-handed just to make a point. We are all lefties now!

Paul has some more choice words here but my favorite has to be his response to the question regarding setting up a “bad bank”.

He said (paraphrased), “We already have a bad bank, it’s called the Federal Reserve.” So true.

The video is not high quaility but it doesn’t need to be when the words ring true. It is in two parts.

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Here is Part 2.

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