Peter Schiff, "I Think I Have a Real Chance of Winning a Senate Seat"

Peter, what we believe in is accountability. Your reckless no-regulation mantra is precisely what caused this collapse. And you are now taking up for your Wall Street friends, placing the blame on Washington. Washington is serves as the police of Wall Street. Just because they failed does not mean that Goldman is should not be punished for the criminals they are. Peter, the last thing we need is another Wall Street guy in Washington. We need people who will protect Main Street, not some guy who drapes the Constitution around everything he says so as to fool Americans with his misdirected, reckless extremist ideas.

Based on your lack of understanding of matters as well as your commitment to screw the people and empower Wall Street with even more control through less regulation, you are just as qualified as every other loser in Washington. That is the problem wityh America. And the people still think there are two parties. There is only one fundamental political party in the U.S., and they are hell bent on serving corporations over the people.

The above reply is so misguided that it could pass as satire

Good luck Peter.

If you believe in accountability, then I don't see why peter schiff wouldn't be the obvious choice, regardless of whether you're a democrat or republican. Blaming this collapse on lack of regulation reveals a lack of understanding of the root causes of the problem, which is based on poor allocation of resources caused by low interest rates, and excessive regulation that imposes an onerous cost of compliance on smaller businesses which keeps large corporations free of competition.

Schiff does not have lots of wall street friends, and if you actually listen to his quotes he explicitly states that people involved in fraud, as maybe the case with Goldman, should be prosecuted under existing laws. Schiff is not a wall street guy; he is very critical of it and their relationship with Washington. Schiff's economic principals would allow capital to be reallocated away from big failing banks so that it would be freed up for use on Main st., which is exactly what the federal government is preventing from happening right now.

To call his ideas extremist is in itself an extreme statement. He is very much in line with the principals which this nation is based upon, such as limited government, individual rights, and freedmon.

Unfortunately this country is a two party system, but shiff's ideas should be appealing to everyone that thinks that we should reduce our involvement in the middle east, let big banks fail, reduce government expenditures and reduce entirely unnecessary regulation (regulation that any rational minded person, regardless of ideology, would consider unnecessary and burdensome and a result of big companies trying to turn the rules in their favor).

I don't know why someone would argue to increase the powers of the SEC who's principal activity the last few years has been the viewing of porn. We need to let let capitalism work, and let the big banks go bankrupt. That will do more to correct the system than any regulation.

Thank you,

jackson strong

Have you ever been on the receiving end of something so silly, that as an initial expression, you have absolutely no response?

Tom, a truly free market exists with the only proper regulation there is: the protection from fraud. Washington, in all it's corruption, cannot hope to be a proper policeman when it schemes behind closed doors.

Let me repeat myself and for anyone else who still has misconceptions about what a free market is, or what caused the collapsed: A free market is a market that is protected from fraud, not anarchy in the market place. It is government intervention that caused the collapse. In a regulated, corporatist market (where the government picks the winners) we see favoritism and a disregard for protection.