Ron Paul believes concern over the impending foreclosures on homes is part of a larger issue of the United States' monetary policy. In a hearing of the U.S. House Financial Services Committee, Paul said he thought politicians should consider the cause of the collapse of the housing bubble. He thinks foreclosure are caused by the excesses made by the Federal Reserve, which should have attempted to find solutions that would only delay recovery by continuing a cycle of inflation and devaluing of the currency.
YouTube video:
Paul speaks at a hearing of the House Financial Services Committee on Sept. 20 regarding "legislative and regulatory options for minimizing and mitigating mortgage foreclosures."
USA Daily: Paul criticizes Democratic candidate Hillary Clinton's call for more government action to battle looming home foreclosures, instead focusing on the Federal Reserve as the source of the problem.
— Las Vegas Sun intern April Corbin compiled this report.
