Monday, December 14, 2009

The Fed’s Money Monopoly

Congressman Paul's Texas Straight Talk

“Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy’s false sense of security in the financial system. This mammoth piece of legislation would massively increase government regulation and oversight in the banking industry under the misguided reasoning that more government could have stopped faulty lending practices, when in actuality it caused them. This bill would also greatly increase the powers of the Federal Reserve, which too many in Congress still see as savior rather than perpetrator in this mess…”



Click here to read the full article: http://www.house.gov/paul/index.shtml

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