If you don’t know who Bob Barr is, he is the presidential candidate for the libertarian party. According to his website, he represented the 7th District of Georgia in the U. S. House of Representatives from 1995 to 2003, serving as a senior member of the Judiciary Committee, as Vice-Chairman of the Government Reform Committee, and as a member of the Committee on Financial Services. He now practices law with the Law Offices of Edwin Marger, and runs a consulting firm, Liberty Strategies LLC, headquartered in Atlanta, Georgia and with offices in the Washington, D.C. area.
In the following video, he states that the problem with Fannie Mae and Freddie Mac was a problem in ten years in the making. Furthermore, he states that the Bush administration now wants to come to us and asks us to bail them out of the bad policies of the last 10 years. He states that the government will use the bailout money to commit the same mistakes.
