'...the President is focused on the symptoms rather than the disease.' - Peter Schiff
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'...the President is focused on the symptoms rather than the disease.' - Peter Schiff

Posted by ProjectC 
'In his efforts to prevent the next financial crisis, the President is focused on the symptoms rather than the disease. Therefore, his attempt to prevent future financial crises is doomed to failure, as the misguided policies that led to the last crisis are preserved while even more damaging policies are added.


Current Fed policy is more reckless than before; continued subsidies to the mortgage market and the bailouts for banks are creating even bigger moral hazards; and, as a result, the economy is even more leveraged and more vulnerable to rising interest rates than ever.'

- Peter Schiff, Barack Obama’s Wall Street Reforms Are Doomed To Failure, Jan. 25, 2010