Sunday, June 10, 2012
VIDEO: Mr. Schiff Returns To Washington (To Fight Another Losing Battle)
While I'm on the subject of Peter Schiff, I have to share this video of his congressional testimony from the other day. Incredibly, after having laid down the smack during his 2011 jobs bill testimony, Congress invited Mr. Schiff to testify about proposed subprime mortgage lending mandates that would require Fannie and Freddie to assume more toxic debt, which would eventually lead to another mortgage meltdown. Schiff was the only person testifying who wasn't a lobbyist for subprime lenders (that's why he was invited), and the subprime pimps did their best to talk over the libertarian investment guru. But fear not, dear readers. He was able to get his point across, albeit to an unreceptive audience of congress critters.