May 4, 2010

The Congress, Housing Bubble And Goldman Sachs (GS)

“The Congress constantly beefs up the Fed, cuts rates, stimulates the economy, lowers rates. The consequence of those low rates was a housing bubble. It was all those exotic mortgages that blew up, and now they’re going to blame Goldman Sachs Group, Inc. (Public, NYSE:GS) for it.”


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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