This Bailout won't be the last

To say that no on knew this wouldn't happen is just not correct. In 2003 Ron Paul a congressman from Texas gave the speech below outlining what would happen if the government continued to subsidize the housing market through Fredie and Fannie. Read below.

http://www.house.gov/paul/congrec/congrec2003/cr091003.htm

http://www.usnews.com/blogs/the-home-front/2008/09/19/ron-paul-this-bailout-wont-be-the-last.html

Bailout will cause a US Depression, Says Hennecke

The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.

Full Article below:
http://www.cnbc.com/id/26656750