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View Full Version : Ron Paul campaign comments on latest job numbers




sailingaway
06-02-2011, 02:10 PM
http://finance.yahoo.com/news/Ron-Paul-Campaign-Comments-on-bw-3823407287.html?x=0

Billay
06-02-2011, 02:19 PM
Ron must have read my comments yesterday.

civusamericanus
06-03-2011, 05:48 AM
He needs to comment on the foreclosure numbers too. 2.4 million foreclosures 1/31/2010 to 1/31/2011, with 4 million expected by 1/31/2012.


by bobbyw24; Today at 07:35 AM.
Agreed.

I talked to Ron Paul about this issue at the FSU rally on April 21 and he said that the Gov't (FHA/Fannie/Freddie) made it too easy for people to buy homes that they could not afford. He said the solution to the crisis is to let the market bottom out naturally without Gov't intervention. I told him it was too late for that since the US Treasury had already given the big banks/servicers $75 Billion to re-work loans and used the money instead to give bonuses and buy other banks. He just shook his head in disgust.

Cowlesy
06-03-2011, 06:28 AM
Wish they would've waited until the report this morning so as to comment on it, but a good statement regardless.

Cowlesy
06-03-2011, 06:31 AM
Huge miss on the jobs number. Up 54,000 jobs. Market no likey.

civusamericanus
06-03-2011, 11:34 AM
My father was a residential/commercial developer for the past 30 years and has nearly lost everything, and it's FHA/Fannie/Freddie that destroyed the housing industry. It was the banks were restricted by the fdic in lending to builders, the builders then defaulted on their loans because the values had fallen so sharply, then instead of allowing builders to get third party funding, the banks seized the properties and with the assistance of the FDIC, sold them for pennies on the dollar to THEIR chosen multi-conglomerate national builders who were in bed with the government. It's government corporatist who destroyed the housing market, not fannie and freddie, that was only a small portion of it.

I attached something interesting my father wrote, about how the government took 5 trillion out of the market and put 1.7 trillion back in. Here's the link to the pdf.

http://www.imesh.us/What%20Has%20Really%20Happened%20to%20the%20United %20States.pdf

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