Banks Fear Paul

Ron Paul calls for banks to take haircut for their European exposure - National Finance Examiner | Examiner.com: "...This assertion that the banks take their medicine, rather than have the taxpayers fund any potential bailouts, is one of the primary reasons the establishment Republicans are fearful of the Congressman winning the nomination for President. In 2008, it was a Republican White House, and a Goldman Sachs Treasury Secretary who called for, and signed a multi-trillion dollar bailout plan, that even provided trillions to European banks at taxpayer expense. Three years later, the debt crisis is far worse, and as the American people have seen in Europe recently, their inability to restructure sovereign debts has led to the ouster of two state leaders in Italy and Greece..."