Ron Paul the last serving constitutional sentinel posted an editorial that attempts to shed more light on the mortgage crisis bailout and made argument that this kind of government meddling only worsens the problem. Although the editorial is fabulous and informative, I am struck by the fact that even Dr. Paul does not see the ethical quagmire this bailout creates.
The real issue to me is that the Federal Reserve bankers are asking the government to bail out banks and investments institutions that are ultimately tied to their own portfolios with money borrowed at interest from the same banks and financial institutions. In essence they are saying, "Please pay us to bail us out of our mess."
For those of you who do not understand how a fiat currency and the central bank system works you will probably think I am a conspiracy nut, but I personally would like to see a real conspiracy nut trace out the money and prove I am right.
UPDATE: The central bankers will make over $4 million dollars a day in interest on this loan.
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