Senator Jim Bunning

[itshappening]

Sen. Bunning Calls on Paulson and Bernanke to Resign
Posted by Nick Bradley at September 9, 2008 02:21 PM

From Bloomberg:

Sept. 9 (Bloomberg) -- Senator Jim Bunning said Treasury Secretary Henry Paulson, by rescuing Fannie Mae and Freddie Mac, is acting like China's finance minister and both Paulson and Federal Reserve Chairman Ben S. Bernanke should step down.

``I sincerely believe that Henry Paulson and Ben Bernanke should resign,'' said Bunning, a Republican from Kentucky on the Senate Banking Committee. ``They have taken the free market out of the free market.''

Paulson and the federal regulator for Fannie and Freddie placed the two largest U.S. mortgage-finance companies in a government-operated conservatorship on Sept. 7, ousting their chief executives and eliminating their dividends. Treasury also may purchase up to $200 billion of stock in the firms to keep them solvent.

``We no longer have a free market in the United States, we have a government controlled free market,'' Bunning said in an interview. Paulson, a former chief executive officer of Goldman Sachs Group Inc., ``is acting like the minister of finance in China.''

Bunning, 76, criticized Paulson's successful effort in July to obtain congressional authority to pump unlimited amounts of money into Fannie and Freddie to keep them afloat.

``When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turned out it was socialism here in the United States,'' he told Paulson at a July 15 Senate Banking Committee hearing.

Back in July, Bunning called for the Fed's "monetary policy responsibility" to be "taken away".

http://www.lewrockwell.com/blog/lewrw/archives/022760.html

--

looks like we have a friend in the Senate? and he's there until 2010.

Just checked out his election results in KY, he won his seat by 20,000 votes!!

Let's hope he can keep up the fight, he sits on the Senate Banking Committee, I hope he doesn't mysteriously disappear/get killed in a plane crash etc.

[nate895]

Become anti-war, Senator, please, we beg of you.

[Kludge]

They have taken the free market out of the free market.

If he weren't one of the most conservative members in the Senate, I might have made a snide chirp here.

[Son of Detroit]

Isn't he like 80?

[Indy4Chng]

Become anti-war, Senator, please, we beg of you.

67% of the country is anti-war.... 67% of the country is completely financial illiterate and another 23% are somewhat financial illiterate. I would prefer both, but it is much more important that we get financial literate sentors and representative like Bunning than more anti-war financial illiterate senators and reps.

[nate895]

67% of the country is anti-war.... 67% of the country is completely financial illiterate and another 23% are somewhat financial illiterate. I would prefer both, but it is much more important that we get financial literate sentors and representative like Bunning than more anti-war financial illiterate senators and reps.

I am saying that he would be near perfect with being anti-war.

[itshappening]

I think he's 74 or something

Rand Paul needs to take over his seat in KY? :cool:

[Carole]

Cheers for Senator Jim Bunning! :D

Kentucky is fortunate to have him. Saw him recently on tv and I was impressed.

[CurtisLow]

both Paulson and Federal Reserve Chairman Ben S. Bernanke should step down

Just close the Fed. The End.

[itshappening]

bump

[BKom]

Being a Phillies fan, I very well remember Bunning throwing a perfect game against the Mutts on Father's day 1964. And he's smart too? Who'd have figured.

[RoamZero]

Bunning is pretty pro-war however. I think he sides more with the neocons than us.

[scandinaviany3]

Bunning and there office was the only good voice, given he was a senior, commoners voice in kentucky while i lived there.

He is worth approaching and talking to..most definitely

[Carole]

Sen. Bunning Calls on Paulson and Bernanke to Resign
Posted by Nick Bradley at September 9, 2008 02:21 PM

From Bloomberg:

Sept. 9 (Bloomberg) -- Senator Jim Bunning said Treasury Secretary Henry Paulson, by rescuing Fannie Mae and Freddie Mac, is acting like China's finance minister and both Paulson and Federal Reserve Chairman Ben S. Bernanke should step down.

``I sincerely believe that Henry Paulson and Ben Bernanke should resign,'' said Bunning, a Republican from Kentucky on the Senate Banking Committee. ``They have taken the free market out of the free market.''

Paulson and the federal regulator for Fannie and Freddie placed the two largest U.S. mortgage-finance companies in a government-operated conservatorship on Sept. 7, ousting their chief executives and eliminating their dividends. Treasury also may purchase up to $200 billion of stock in the firms to keep them solvent.

``We no longer have a free market in the United States, we have a government controlled free market,'' Bunning said in an interview. Paulson, a former chief executive officer of Goldman Sachs Group Inc., ``is acting like the minister of finance in China.''

Bunning, 76, criticized Paulson's successful effort in July to obtain congressional authority to pump unlimited amounts of money into Fannie and Freddie to keep them afloat.

``When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turned out it was socialism here in the United States,'' he told Paulson at a July 15 Senate Banking Committee hearing.

Back in July, Bunning called for the Fed's "monetary policy responsibility" to be "taken away".

http://www.lewrockwell.com/blog/lewrw/archives/022760.html

--

looks like we have a friend in the Senate? and he's there until 2010.

Just checked out his election results in KY, he won his seat by 20,000 votes!!

Let's hope he can keep up the fight, he sits on the Senate Banking Committee, I hope he doesn't mysteriously disappear/get killed in a plane crash etc.
An earlier "Ron Paul" ?

Congressman McFadden's Remarks in Congress on the Federal Reserve Corporation -- 1934

http://www.bigeye.com/mcfadden.htm

[Carole]

I think he's 74 or something

Rand Paul needs to take over his seat in KY? :cool:
Oh sure. Elect Bunning President and Rand Paul to his Senate Seat. :D