who predicted the financial meltdown

R. Paul one of the people who predicted the financial meltdown
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Back in September 2003, Mr Paul told a House Financial Services Committee that: “Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.
“This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions.” Of course, if we are going to give Mr Paul credit, than we should also highlight the efforts of Peter Schiff, his economic advisor and long-time economic hawk.
Ron Paul - Republican Congressman

Now only few numbers

Jul 21, 2000 1 share cost 40,81 USD x 647.02M = 26,405,000,000 USD
Shares: 647.02M
16. Sept 2008 price 0,26 USD = bankruptcy

And how much cost whole this financial meltdown?
How many people lost ... ... ... and maybe socialist patry (democrats) win:(

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RON PAUL FOR PRESIDENT 2008

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RP: The Revolution: A Manifesto


USA: Ron Paul Revolution (slovakian ver.)



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