Texas Representative and GOP Presidential hopeful Ron Paul is nothing if not an iconoclast in the Republican party on a number of issues, and during an appearance
this morning
last month on Bloomberg News, he continued his tendency to strike a contrarian note by openly questioning the material import of the S&P’s recent credit downgrade.
Paul questioned the overall value of these ratings services, noting that they all missed the market crisis from sub-prime mortgages three years ago before suggesting that the weekend downgrade was “political theater to build up the fear.” FULL STORY
No comments:
Post a Comment