Monday, December 22, 2008


Texas Straight Talk
A weekly column
December 22, 2008: Government and Fraud
Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors. The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new victims could be found to support these withdrawals. Bernie Madoff was running a blatant fraud operation. Fraud is already illegal, and he will be facing criminal consequences, which is as it should be, and should act as an appropriate deterrent to potential future criminals. But it seems every …
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Speeches and Statements

November 20, 2008 The Austrians Were Right
Madame Speaker, many Americans are hoping the new administration will solve the economic problems we face. That’s not likely to happen, because the economic advisors to the new President have no more understanding of how to get us out of this mess than previous administrations and Congresses understood how the crisis was brought about in the first place.
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Press Releases

December 19, 2008 Congressman Paul to Re-Open Office on Galveston Island
Washington, D.C. - Congressman Ron Paul announced today that he expects to re-open his office on Galveston Island January 8th 2009. He was pleased that the office he occupied in the Federal Post Office building before the hurricane has become available again, and staff will be moving back in as soon as possible.
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