Ron Paul & FED Regulations

Most of the senators and representatives who spoke expressed support for greater regulation. But Rep. Ron Paul, R-Texas, argued that the current market problems came not from regulation that was too lax but instead from the Federal Reserve and other regulators interfering in the markets and preventing losses.

"The consensus seems to be we need more regulation. That to me is like saying if you have a drug addict going through a painful withdrawal, you give him another fix," said Paul, who was previously a member of the Libertarian Party. "The market is a good regulator."

http://money.cnn.com/2008...