When TIME Magazine named Federal Reserve Chairman Ben Bernanke as its 2009 “Person of the Year,” the Southern Avenger decided to instead recognize a far worthier recipient: Texas Congressman Ron Paul.
Congressman Ron Paul weighs in on Bernanke’s preposterous award as Time Person of the Year.
Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guys false sense of security in the financial system. This mammoth piece of legislation would massively increase government regulation and oversight in the banking industry under the misguided reasoning that more government could have stopped faulty lending practices, when in actuality it caused them. This bill would also greatly increase the powers of the Federal Reserve, which too many in Congress still see as savior rather than perpetrator in this mess.