Libertarians for Ron Paul

Doomsday warnings of credit collapse are lies

“There’s only one reason that Congress passed the financial bailout measure this past week: Wall Street and politicians kept warning of an impending credit collapse that could be solved only by rescuing some irresponsible investment banks and by purchasing securities that have become “bad paper.” ”

“Don’t believe the lies!”

“Pouring money into the investment banks at all - and especially by buying up their bad paper - is not a good way to maintain liquidity and credit.”

Full column by Ari J. Officer & Lawrence H. Officer @ http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/05/IN8N13AC2G.DTL