Bloomberg host: “Congressman Paul, what would you have had the Federal Reserve do at that time? Can they be given some credit for having shored up the financial system at a time of crisis?”

Congressman Ron Paul:“Sure, I think they prevented a deep recession for the people who deserved it, the big money people who made all the billions when they were blowing up the bubble…the Goldman Sachs of the world.”

Transcribed by Jeff Fenske

[youtube=http://www.youtube.com/watch?v=rTPa1hGtpJs]Bloomberg Dec 1 2010

CongressmanRonPaul | December 01, 2010 | 146 likes, 0 dislikes

Congressman Paul discusses the Fed and bailouts with Pimm Fox