Wednesday, July 08, 2009

Sept 2003 Housing Call...

Here's a clip on "Morning Joe" with guest Ron Paul. Go to about 1:40 into the clip (if you want to ignore the BS about Nancy Pelosi).....and go straight into the discussion about housing and the economy.

In September 2003....Ron Paul predicted the collapse of the housing market because it was propped up by Fannie and Freddie. Boy.....was he right........and in spades.