Added: Mar 23, 2010

From: RonPaul2008dotcom

Duration: 5:30

http://www.RonPaul.com - 03/23/2010 Ron Paul questioned Treasury Secretary Tim Geithner on the Federal Reserve's price fixing activities and the moral hazard generated by a "lender of last resort" that, in cooperation with the government, picks up the pieces and bails out insolvent banks and companies. Geithner agreed that we need to deal with the problem of moral hazard, which is caused by private shareholders being able to count on government subsidies and taxpayer bailouts. But being a former NY Fed President (2003-2008), he stopped short of acknowledging the Federal Reserve's causative role in the economic crisis. Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: http://www.RonPaul.com http://www.CampaignForLiberty.com http://www.house.gov/paul http://www.YALiberty.org http://www.DailyPaul.com http://www.RonPaulForums.com

Channel: News

Tags: ron paul  tim geithner  geithner  congress  hearings  treasury secretary 


Rating: 4.962963' max='5' min='1' numRaters='324' rel='http://schemas.google.com/g/2005#overall ( ratings)    Views: 10295    Comments: 127

john5246 Says:

Mar 27, 2010 - LOL Chill out man, some people haven't come to realize that yet. 30-40yrs from now when people look back they are going to feel silly for believing in God. They wasted all that time and made major life decisions based on what God might think.

john5246 Says:

Mar 27, 2010 - I don't believe in God and my life is far from empty and unfulflling. I have 2 beautiful children and a wife so I have plenty to live for other than myself. No one can convince you that god doesn't exist, it's something you have to realize on your own. Personally I'm 100% sure that a God of religion doesn't exist. Perhaps we were created by some entity. Man created "god" in his own image, man made god up, so you have a god that gets angry, punishes people, sends plagues, etc.

john5246 Says:

Mar 27, 2010 - I agree with you that Free Markets don't work, it's just theory. There has to be some regulation, and even if we do go back to a Free Market we'll end right back where we are today. There is a REASON why we are where we are today. Greenspan agreed this this in a doc on CNBC "house of cards" "Human Nature is as such that we can not change it, and as some point we will be back here having this discussion, it may not be for quite some time" he says. Mr. Greenspan understands what's going on.

robnaro Says:

Mar 27, 2010 - "We do not see how we can satisfactorily audit the Federal Reserve System without authority to examine the largest single category of financial transactions and assets that it has." - GAO 1970's speaking about the Fed's agreements with foreign governments and central banks--and, more important, its open market and monetary policy operations which by law are exempt from audit.

robnaro Says:

Mar 27, 2010 - How is "Keynesian" nutjobbery working?

Pete1987pl Says:

Mar 27, 2010 - @gooseCha LOOK MAN..YOUR A HUMAN BEING IF YOU WANT TO BELEIVE AND WORSHIP PLEASE YOU ARE FREE TO DO SO..I THINK BEING SPIRITUAL IS A GREAT THING IN A HUMAN BEING..DONT GET ME WRONG..BUT ITS FOOLISH TO BE SO DEPENDENT ON GOD..GOD GOD..THATS GREAT YOU HAVE SOMTHING TO BELEIVE IN MY FREIND.I HAVE NOTHING AGAINST IT..JUST DONT MAKE LIFE CHANGES TO WHAT YOU THINK GOD WANTS..AND ONE MORE THING..YOU SAY CORRUPT SCIENCE? BRO YOUR GOD AND CATHOLIC CHURCH CORRUPTED AND KILLED MORE PEOPLE THAN ANY SCIENCE

Pete1987pl Says:

Mar 27, 2010 - @gooseCha PLEASE ..LOOK AT THE CHURCHES HISTORY..U WANNA HEAR A GOOD BULLSHIT STORY...HOLY..SHIT..THERE IT IS. AND PLEASE DONT PRAY FOR ME. AND WONT BOTHER SEEKING HIM..I LEARNED THOSE LIES EARLY ON IN LIFE. YEAH DONT PRAY FOR ME BUDDY CUZ I DONT NEED NOR AM I ASKING ..I'LL SIT HERE AND JUST WISH YOU THE BEST OF LUCK.. BECAUSE SOON IT YOU PEOPLE THAT STILL CANT WAKE UP THAT ARE GONNA NEED YOUR ALMIGHTY GOD,BUT GUESS WHAT,JUST LIKE IN THE PAST,GOD WONT COME,GOD WONT BE THERE,AND HE WONT HELP YOU.

Pete1987pl Says:

Mar 27, 2010 - @TheRepublicX YEAH..WHO ARE THEY...THE ASS HOLES NOW ARE DOING A GREAT JOB.. GET YOUR HEAD OUT OF YOUR ASS YOU FUCKING TREE HUGGER. STOP TRYING TO SAVE THE WHALES AND DOLPHINS ,STOP THINKING GREEN,STOP SMOKING CRACK AND TURN ON THE NEWS.

Pete1987pl Says:

Mar 27, 2010 - @NoLibertarian OH MAN..DUDE BY FAR..I HAVE TO SAY YOU ARE ONE DUMB, UNEDUCATED,GOAT FUCKER..I PITY YOU AND THE SOUL THAT CREATED SUCH A FUCKING MORON..MAY YOU HIT THE NEAREST LIGHT POLE FROM YOUR HOME..YOUR ARE WASTING GOOD AIR..

borisbmx Says:

Mar 27, 2010 - no more Federal Reserve Banking Cartel.

NoLibertarian Says:

Mar 28, 2010 - @Pete1987pl ..Save each other from what? I have a fabulous life. I suggest you learn to do the same. It will take some effort you appear to weak to muster.

NoLibertarian Says:

Mar 28, 2010 - @czubspenx .WE educated in economics refer to these as cycles. And they will exist, Fed or no Fed.

czubspenx Says:

Mar 28, 2010 - @NoLibertarian The tide goes up-the tide goes down. The economy goes up, the economy goes down. I agree with all of that. The problem is the Fed has been interferring too much. Interest rates have been too low for too long, thanks to the Fed. If market forces were allowed, we would not be experiencing all the problems we are. It's that simple.

onesleepykid Says:

Mar 29, 2010 - Big slip for Geithner. They'll get rid of him soon.

Artfryne Says:

Mar 29, 2010 - Geithner... yea, he needs to go to jail. talk about a snake. lowest of the low. even more reviled than nobama

killerbee2k Says:

Apr 12, 2010 - @onesleepykid Tim Geithner is the only moderate force at least that I know of in the Obama administration, if they kick him then there will only be left wing radicals and anti market socialists left.

onesleepykid Says:

Apr 13, 2010 - @killerbee2k LOL are you kidding?

killerbee2k Says:

Apr 14, 2010 - @onesleepykid No I was serious. So is he not a moderate or are their other moderates in the administration?

onesleepykid Says:

Apr 15, 2010 - @killerbee2k There are no moderates in this administration. The closest thing you come to one is Volcker.

killerbee2k Says:

Apr 15, 2010 - @onesleepykid Oh... And Obama claimed to be a follower of Abraham Lincoln, tsk tsk tsk

ancientwisdom2012 Says:

Jul 12, 2010 - @NoLibertarian Watch "The Money Masters" for REAL economics

cj62392 Says:

Jul 14, 2010 - MR. PAUL? what an insult! He didn't go through medical school to be called mr.!

Arceumon Says:

Jul 24, 2010 - I doubt that any politician will read this, but the people are still being diplomatic. Keep pushing us and the feds and all politicians that support them, will be running for their lives when the people finally decide to take matters into their own hands. Live free or die.

JonasFrimodt Says:

Aug 1, 2010 - " My time is running out and i would like to get a... eh answer " LOL

MrEhud77 Says:

Aug 10, 2010 - Geithner's an Idiot. (Oh I didn't know I had to Pay into Social Security, and he chairs the fed?)