Originally Posted by ninja9578
Are you saying that you agree with Ron Paul that the banks should be deregulated?
(See below for "Too Long, Didn't Read" version)
I know this was directed to Xei, but they aren't REGULATED at all, are you kidding me? They are like lap dogs to the Fed who will supply them with endless wealth as long as they "follow the rules" set by a paragovernmental organization that has absolutely NO regulation.
If the banks had no ties to the government and they failed, they would go out of business, not make 10 billion dollars like Goldman Sachs, or 14 billion like Morgan Stanley. Sure, they can be FDIC insured, but that is consumer protection. What banks do now is self-protection.
And on the topic of "what caused the housing bubble" it was actually the Federal Reserve. In the wake of the Dot Com bubble, they artificially reduced interest rates and pushed investment for the private sector, but instead of sending the money into failing industries, it was attracted THROUGH Fed-tied banks into the housing market. With an influx of money (that shouldn't have been there in the first place) there was more to loan, at least at first. However, once the Fed tried to correct interest rates afterwards, investors realized the housing market was too volatile. They were misled by the Fed, causing the collapse.
Both Ron Paul and Dennis Kucinich gave speeches about this in 2002 and 2003, long before anyone else "predicted" it. They said if the actions were not corrected, the housing market would collapse. 5 years later, what happened? Housing market collapse.
Oh yeah we like him because he's the only candidate who is anti-war. Obama started two more "military actions" (wars) that were never declared war by Congress. Therefore, they are unconstitutional. (Libya and Yemen, and real soon we may see Syria unless things are straightened out.)
OOOH! I forgot. Last week Obama assassinated two American citizens in Yemen without due process because they were declared "enemies of the state." All the President has to do is say "You're bad" and then he can order your assassination. Ron Paul was one of the only people to speak out against it.
Let's see... he has more military support (financially) than all other GOP candidates combined (and more than Obama), he wants to remove our troops from the 148 countries that we're in, he wants us to stop supporting Israel (which has only given us enemies, not friends.), and he thinks the PATRIOT Act is unconstitutional (it is). There's plenty more, but I think that's enough reason to support him.
TL;DR VERSION Ron Paul has been talking about the same things for 30 years. So far, he's predicted each financial crisis in that time a few years before they happened. He's NOT "Right-Wing" He's a libertarian. I'm not sure if Europeans have a Libertarian Party, but he's a Libertarian running as a Republican, because with our two party system, you can't succeed unless you join the rank-and-file Left and Right.
Interesting note: I did not vote for Ron Paul in this poll, either. I also support Gary Johnson, and he's very under-represented. Everywhere.
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