Thursday, January 27, 2011

Peter Schiff: FCIC is a sham!

The Financial Crisis Inquiry Commission report on the 2008 financial crisis will spread the blame all around to everyone from federal regulators to corporate overseers to all kinds of government officials. But is it all for show? Peter Schiff, the president of Euro Pacific Capital argued the entire commission was a $10 million sham designed to conclude the government's own pre-conceived notions. The report said the crisis was the result too few government regulations, when in fact government regulations caused the problem, he contended.

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