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Total Views: 375 - Total Replies: 3


POSTED BY: clasione on November 19, 2008, 8:56 pm [ QUOTE ]


“We were all reassured that there was going to be transparency, accountability, legality,” Klein stated. “But now we’re finding out that, in fact, Henry Paulson has achieved his original goal by stealth, because there is no accountability, and lawmakers are very hesitant to challenge this. … Essentially, what the Bush administration has done is said, ‘We dare you to challenge us and be responsible for the Great Depression.’”

Klein: Bailout is ‘multi-trillion-dollar crime scene’”





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POSTED BY: FreedomJunkie on December 21, 2008, 7:25 am [ QUOTE ]


Yes I know. So what can we do?? END THE FED and their ridiculous game of paying off their friends in these large corporations & Banks. http://www.brasschecktv.com/page/503.html




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POSTED BY: clasione on January 3, 2009, 3:41 pm [ QUOTE ]



"FreedomJunkie" wrote:
So what can we do?? END THE FED

Two words: Ron Paul...... 

 





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POSTED BY: tzor on January 11, 2009, 7:47 pm [ QUOTE ]



"clasione" wrote:

Two words: Ron Paul...... 

In many ways that would be the equivalent of going from the frying pan into the gas stove fire.

The founding fathers realized that power corrupts.  Their solution was not to give anyone any power, but to balance that power so that there were checks and balances.  We seem to have forgotten that point and think that checks and balances only exist so that my part of the government has power over your branch of the government and that you branch of the government doesn't have any power over my branch of the government.

The problem starting from the last century was to create institutions that had no such checks and balances.  No matter how well intentioned (like Fannie Mae and Freddie Mac) without that regulation they became bloated and corrupt.  The Federal Reserve is now going down that same path.  We cannot rely on Congress alone to provide a check and balance.  Such checks and balances must be written into law (ideally constitutional law) and enforced by the courts.

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