Geithner: Absence of regulation was NOT the problem
 

Around 3:30



Interesting exchange

'don't assume anything until you prove these guys did something wrong'

how does that even work?

and i think paul said that absence of regulation was not the problem. Geithner simply confirmed the statement and said 'other parts have over regulation'

look... Bush did it. period.

lets stop spreading the blame around from the very bottom of society to the smallest borrowers, smallest investors, to the banks and lenders, wall street, international banks/investment firms, the S&P or the SEC and to the very top of government.

All you are supposed to say is "screw AIG" and "its all Bush's fault" and we are supposed to quickly get back to printing money and speed up the race towards hyper-inflation without thinking about the consequences of tripling the national debt in 10 years.

We are all guilty. When the value of my little house in Phoenix went from $220k to $550k in three years, yeah, I cashed out - and laughed all the way to the bank.

It still blows me away that you buy a house and as it gets OLDER it rises in value. As if they aren't building new houses. Meanwhile, your car, which in some cases they'll never build that exact model again, goes down in value the moment you drive it off the lot.

The next four years will be no better than the previous.

wtf is ron paul talking about ??

You're kidding, right?

What dont you understand?