Ron Paul to Geithner: Fed as Lender of Last Resort Contributes to Moral Hazard

Posted October 30th, 2009 by BFrank

October 29, 2009 Ron Paul (R-TX) Geithner House Financial Services Committee

http://www.youtube.com/wa...

output

Dr. Paul's update 10/30/09 talks about this

On October 31st, 2009 Joη says:

C4L post. Youtube only. A play by play with his questioning of Geithner and then some.

More time please!

On October 31st, 2009 underdog says:

Ron Paul needs and deserves an 90 minutes, not a mere 5 minutes.

All voices are not equal.

Perhaps the other Republican or even Democrat representatives could volunteer to give Ron their 5 minutes.

I would love it if the chairman would say, "Ron Paul has the floor for the next 90 minutes, 80% of his colleagues in this committee have agreed to give him their time, recognizing he knows what the hell is going on more than any other person in this room."

Timothy G. would run screaming if he knew he had to face Ron Paul for 90 minutes.

"happy to speak to you privately or in another context'

On October 29th, 2009 TheLorax says:

Is code for "don't go there, I'm warning you!"

Not a Geithner fan myself,

On October 29th, 2009 Boscovius says:

Not a Geithner fan myself, but obviously Timmy was aware that Ron's time had expired and that he would not be able to answer the question at that time.

Things are only impossible until they are not.
-- Jean Luc Picard

Well Done! as usual Dr. Paul

On October 29th, 2009 shuleba says:

Well Done! as usual Dr. Paul ....BUT I don't understand why his questions are not pursued by another in the time constraint arena.

Ron Paul is the only one who gets it

On October 29th, 2009 ProudProfiteer says:

Ron needs to hold an economics class for congress. He's the only one that seems to realize the Fed caused this crisis. If they weren't pumping out money to fend off the dot com recession, we would have never had this bubble.

The Proud Profiteer
http://www.ProudProfiteer...

he treats Geithner with too much respect

On October 29th, 2009 BillyBoy says:

He just needs to get after him and stop dancing before delving into the subject matter.

Geihtner

On October 29th, 2009 floerocca says:

Tim Geithners father Peter used to work for Kissenger and assosiates at a firm in indonesia.Isn't it kind of weird that peter had an employee by the name of ANN DURHAM SOERTO. I think I mispelled the last name but we all know who that woman is. Connect the dots and you'll be amazed
AND DISGUSTED.
small pieces of socialism will eventually turn into communism

Geithner...

On October 29th, 2009 UserAccount says:

...always looks like a rat about to scurry away. His body language communicates "I'm a lying little sneak" so clearly that I don't know why he's not simply kicked to the curb.

2012

On October 29th, 2009 ThankGodForRonPaul says:

Ron Paul PLEASE announce you are running in 2012. AMERICA NEEDS YOU!

A new world currency

On October 29th, 2009 fleshmj says:

Geitner didn't have to answer Congressman Paul's question...by not answering it tells us exactly that our administration wants to adopt a world currency. Give away U.S. sovereignty...traitors!!! Obama is going to sign the Global Climate Treaty too...signing American sovereignty away. He says he is not going to attend the summit in December, but will go to Brussels early....he will sign it before without us knowing about it until it is too late.

I do beleive

On October 29th, 2009 FreeFlorida says:

the Secretary of the Treasury Timothy Geithner, is blushing. :o)

um why I am i the first one to notice this?

On October 29th, 2009 phathead says:

Timmy G saying "he woul be happy to talk about that (dollar loosing reserve status) in private or in another context." That made the hair stand up on the back of my neck. Did the alarm bells go off for no reason? it was then end of rp's time and the hearing wasn't about that, but...

The reason

On October 29th, 2009 Clint7981 says:

that he wanted to discuss the issue of a world currency later was that Dr. Paul's time had expired. It is against the rules to continue an answer after time has expired. But I have my doubts that Giethner will ever talk to Dr. Paul personally about the possibility of a world currency.

It is sick

On October 29th, 2009 fleshmj says:

When Geitner said that I got sick to my stomach and others sitting in that committee should have pressed him on it.

They say it all the time and

On October 29th, 2009 SaintEntreri says:

They say it all the time and never follow up. Every time a line of questioning gets to a really juicy one, they pull that out. They have to answer the questions, but the easiest out is "I don't know, let me get back to you." Instead of starting a pile of lies that will just get you in trouble down the line.

They are under no obligation to follow up. It is sickening.

You're right...Dr. Paul struck a nerve.

On October 29th, 2009 pawnstorm12 says:

And Geithner didn't want to touch it.

Ron Paul is on fire

On October 29th, 2009 freiheit says:

I somehow believe he'll run for president in 2012, simply because he wants to speak out.

"Doing nothing is almost always an option and is very often the best option." Daniel Hannan

you know

On October 29th, 2009 BFrank says:

he will be speaking in SC, then Iowa, I bet you NH is after that!

bump

On October 29th, 2009 BFrank says:

"He that hath no sword, let him sell his garment, and buy one." (Luke 22:36)

I was watching Fox Business this morning--hoping to see

On October 29th, 2009 E. Oregon 4 Ron says:

Ron Paul questioning our Treasury Secretary and they didn't show it. Thanks for posting this!
While I was watching I couldn't help by notice the evil smile Geithner has on his face almost all the time! He is laughing at the Financial Services Committee!