Posted on 09/16/2008 4:35:53 PM PDT by Sub-Driver
Pelosi orders wide Wall Street probe By: Mike Allen September 16, 2008 06:58 PM EST
House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and captains of finance, congressional officials said.
House Democrats plan an aggressive look at the administration’s role in this weekend’s meltdown, and explore further regulation and government structures that would be taken up under the new president.
Republican aides accused Democrats of trying to shift blame with a series of “show trials,” but acknowledged that key officials will wind up cooperating.
The hearings will take place over the next few weeks, the officials said. Treasury Secretary Hank Paulson, who regularly appears on Capitol Hill, will be called to testify as part of the investigation.
As the main event, Rep. Henry Waxman (D-Calif.), chairman of the House oversight committee, wrote to Richard Fuld, chief executive of the imploded Lehman Brothers, to ask him to appear on Capitol Hill on Sept. 25.
(Excerpt) Read more at politico.com ...
Pelosi can go Probe herself for all I care
Pelosi needs to go see her proctologist.
Pelosi should be investigated for abuse of power
Having failed miserably on the abortion issue, Collagen Woman takes on her party’s economic failures.
This is very dangerous territory for Democrats to delve into. The public may find out more than they want them to about Government subsidies and who got paid off from these deals.
OK! I can’t wait for Clinton to get dragged into this. It was Bubba who forced lenders to loan to “oppressed minority communities” or face legal action by the USDOJ. It is these criminally bad coerced loans that have created the mortgage problem, and thus the failure of investment banks. When do Bill and Hillary take the stand?
This is actually a good thing and Pelosi doesn’t even know it.
UNBELIEVABLE!! This b*tch..her day is coming, just wait.
The Bush Administration?
Whatever. Bush won’t say jack to take up for himself even though he’s the President and has the biggest bully pulpit in the world.
oh, she can probe everyone but a DEM like charlie rangel....him, no...he can stay head of his committee.....
hey, nancy......that’s why we like Sarah Palin - she cleaned house!
Will the Junior Senator from Illinois be called?
How about the Junior Senator from Connecticut?
Dodd and Obama are hip deep in this, and be sure to have Obama bring Franklin Raines and Johnson along with him won’t you?
Maybe a fellow FReeper can clarify.
Pelosi should order a probe of the Congress — if you want to find out where the epicenter of the rot is....
San Fran Nan
What an idiot, she better watch out s this whole thing could blow-up in her face
(Like i’d really care)
Gee, who has Congressional oversight here? Oh that’s right the Democrats.
Maybe it was an oversight, that’s why they have oversight committees.
And the MSM will carry this day after day in order to give the election to Obama and save congress for the democrats
As usual the democrats beat the GOP to the punch and go on the offense
I predicted 2 weeks ago when the unemployment numbers came out that the election is going to hinge on the economy
McCain should have been on the economy early so the democrats couldn’t pull their usual BS
Here’s a couple of articles that (in addition to other stuff) talk about the repeal of the Glass-Steagall Act in 1999, and its impact on the housing market.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDSFgf3DHR_A&refer=exclusive
http://www.prospect.org/cs/articles?article=the_bubble_economy
Here’s an article that talks about the oversight that the Bush Administration proposed in 2003.
I love the quote near the bottom by Rep. Barney Frank...
‘’These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘’The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’
Dear Auntie Nan,
Be careful what you probe - it might be your own Dimocrat party that is found to be ultimately responsible for the meltdown.
F’n idiot.
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