It saddens me to see the US being run by monkeys, who don't understand the sanctity of contracts, who don't understand moral hazard and who don't understand that destroying the US dollar is not good for America.
Ron Paul understands. And yet America refuses to listen.
Ron Paul Sees Bailout Writing on the Wall
"I think that if there is something on the floor between now and November [that] will be construed as something to help people getting out of their mortgages, nobody will consider that the responsibility of government is to honor and respect contracts.
They are going to go and violate everybody's contracts and tell people, "Just because you [received] this loan and you can't pay it [back], we are going to change the rules."
But if you and I had a contract like that, we could see that that's not right. You owe me that money, or I want my house back. It's so vague now—who owns these mortgages—they figure, "Well, somebody in China owns these mortgages, so we won't honor the contract."