Representative Ron Paul (R-TX) on the False Promise of Regulation
January 6, 2009 at 5:30 pm
by: Allison Bricker
Speaking during the Financial Services Committee, Dr. Paul takes his colleagues to task over the assumption that the answer to scandals like those involving Bernard Madoff, is more regulation. Representative Paul also goes on to admonish the lack of prosecutions for fraud as a means to hold those who abuse the system accountable.
