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LibertyMage
01-22-2010, 04:49 PM
Just received this email. Does anyone have a bead on this guy?


"Putting Families back to work by making Government Smaller"


For Immediate Release

Contact: Eftychis John Gregos-Mourginakis

Email: efty@ricktorres2010.com

Date: Friday, January 22, 2010









Congressional Candidate, Rick Torres, blasts Banking Reform as Diversionary Tactic


Bridgeport, CT – Rick Torres, candidate in Connecticut’s 4th congressional district, today urged the president to resist further regulation of the banking industry. In a statement issued today, Torres said, “Lack of regulation was not the cause of our present financial crisis. The exact opposite is true.”



Torres pointed to the creation of the now bankrupt Fannie Mae and Freddie Mac, to President Carter's Community Reinvestment Act of 1977, to President Clinton's 1999 forcing of banks to lower their lending standards to increase the number of loans to 'distressed inner city areas', and to the Federal Reserve's policy of keeping interest rates artificially low for the few years leading to the crisis.


“Banks never gave out risky loans prior to these government initiatives,” Torres continued. “But when the government started to use the free market for social engineering, banks no longer acted prudently. This caused our financial crisis.”



According to Torres, President Obama’s push for banking regulation is nothing more than a populist move to distract voters from the public rejection of his other policies in the face of the voter backlash in Massachusetts’ election on January 19th.



“Not only is his push for more banking reform dangerous, but the timing is suspicious. I suspect this is merely a ploy to distract voters from Tuesday’s election in Massachusetts, where the public soundly defeated his other attempts to regulate our economy,” Torres noted.


“Allow banks to act in their own self interest, without government manipulation, they won’t give risky loans. It’s that simple.”

Ron_Paul_For_Connecticut
01-22-2010, 04:59 PM
I know his Campaign Manager (Efty).. He was on the Schiff campaign before leaving last week to work for Torres.. Here is what he has been telling me about Mr. Torres:

"Rick is the best shot that we have of getting someone in the House from the North East who is staunchly against government mandates of all forms, is a strict constitutionalist, understands what wealth redistribution and socialist welfare programs do (he grew up in public housing in Bridgeport) to the human soul, and who believes like Peter in moves to abolish the Fed and returning to a gold standard as a means of limiting the ability of the government to print fiat currency."

Nathan Hale
01-24-2010, 09:06 PM
Torres has a nice web site:

http://www.ricktorres2010.com/

He has a tough primary though. One current state sen and one former state sen, as well as four others of various backgrounds.