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U.S. Rep. Ron Paul
Competitive Enterprise Institute

Book of Ron Paul

Competitive Enterprise Institute
“Postal Service Has Its Eye On You”
27 June 2001    2001 Ron Paul 47:17
It also was the Bank Secrecy Act that opened the door for the “Know Your Customer” rules on banks, to which congressional leaders objected as a threat to privacy. Lawrence Lindsey, now head of the Bush administration’s National Economic Council, frequently has pointed out that more than 100,000 reports are collected on innocent bank customers for every one conviction of money laundering. “That ratio of 99,999-to-1 is something we normally would not tolerate as a reasonable balance between privacy and the collection of guilty verdicts,” Lindsey wrote in a chapter of the Competitive Enterprise Institute’s book The Future of Financial Privacy, published last year.

Competitive Enterprise Institute
“Postal Service Has Its Eye On You”
27 June 2001    2001 Ron Paul 47:25
But the “suspicious” customers might just be concerned about privacy, says Solveig Singleton, a senior analyst at the Competitive Enterprise Institute. And a professional criminal likely would know that $3,000 was the reporting requirement before he walked into the post office. “I think there’s a lot of reasons that people might not want to fill out such forms; they may simply think it’s none of the post office’s business,” Singleton tells Insight. “The presumption seems to be that from the standpoint of the post office and the Bank Secrecy regulators every citizen is a suspect.”

Competitive Enterprise Institute
Repeal Sarbanes-Oxley!
April 14, 2005    2005 Ron Paul 39:3
Many of the major problems stem from section 404 of Sarbanes-Oxley, which requires Chief Executive Officers to certify the accuracy of financial statements. It also requires that outside auditors “attest to” the soundness of the internal controls used in preparing the statements-- an obvious sop to auditors and accounting firms. The Public Company Accounting Oversight Board defines internal controls as “controls over all significant accounts and disclosures in the financial statements.” According to John Berlau, a Warren Brookes Fellow at the Competitive Enterprise Institute, the definition of internal controls is so broad that a CEO possibly could be found liable for not using the latest version of Windows! Financial analysts have identified Section 404 as the major reason why American corporations are hoarding cash instead of investing it in new ventures.

Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.

Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.

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