Posted on 05/03/2010 12:03:17 PM PDT by speciallybland
Nearly two years after the Wall Street meltdown drove the U.S. economy to the brink of collapse, and forced the U.S. government to prop up major financial institutions with hundreds of billions of dollars, House Speaker Nancy Pelosi now claims that the Bush Administration prohibited its own top officials who were handling the emerging crisis from briefing Congress until a complete financial collapse was only hours away.
In little-noticed statements to reporters over the last few weeks, Pelosi has alleged that the Bush administration knew well in advance of its intervention that the financial crisis would hit, and that Congress would need to authorize a historic and unpopular bailout - but that top officials, including then-Treasury Secretary Henry Paulson, told her that they had been barred from briefing Congress about true extent of the crisis.
If accurate, the allegation could constitute a major indictment of the Bush administration, which may have worsened the crisis and resulting economic fallout by delaying the call for congressional action. Pelosi says the admissions from Bush administration officials that they had kept Congress in the dark came in private conversations between her and those officials in person and by phone. None of the other parties to those conversations would comment for this story. Nor is it clear if the Administration's alleged decision not to brief Congress earlier was a calculated strategy to avoid spooking the already shaky financial markets thus hastening the crisis or, as Pelosi suggests, a political calculation in advance of the 2008 presidential elections, or a combination of the two.
(Excerpt) Read more at tpmdc.talkingpointsmemo.com ...
Oh brother.....
And, at the same time, Bush and McCain were trying to reign in Fannie and Freddie?
Right Nancy, just keep talking, you are NOT helping yourself much!
That’s all they’re craving .. “a major indictment
of the Bush administration?
They never stop lying.
Your mistake was taking the “Progressives” at Talking Point seriously. This is like quoting the “National Enquirer” as a source
Consider the source...
This is the same Pelosi who lied about never being briefed on waterboarding. Don’t believe a thing she says.
Bush’s fault redux
Yeah, like I believe a word Pelosi says. Man, I’d love to slap the botox outta her face.
Bush was briefing you asshats since 2003 when all you fools did was oppose any regulation of Fannie Mae and Freddie Mac from 2003 through 2006!
“...which may have worsened the crisis and resulting economic fallout by delaying the call for congressional action”
Congress caused the problem in the first place. And whether they were briefed or not by Bush Admin how can no one in Congress have any idea the financial system was in big trouble? What do they do all day?
See now why taking these "trial by accusation" attacks by the Progressive Fascists seriously is so utterly absurd?
I didn’t know Bush was running in 2008, I would have
voted for him.
um ... sure he did Nancy...
And you have been keeping this info from us because you are so nice to Bush?
or did the govt LIE to you again?
Is that like the Obama Administration refusing to give documents/files/information on that murder, errrr alleged murder Maj Nidal Malik Hasan that has been requested.
The ONLY thing I can recvall McCain ever getting right was his demand in 2006 that FANNIE and FREDDY put a stop to the lending practices that got us into this mess, and Barney Frank OPPOSING IT!!
McLame is too lame to stand up and shout that from the rooftops- as he SHOULD HAVE DONE WHILE TRYING TO BECOME PRESIDENT!!
Wait a second...what?
Oh, that's right Nancy, I forgot the Executive Branch holds all the purse strings.
Nice try though...
And Nancy was so in love with George W that she kept his secret all this time.
They did not stop attacking the economy until they got a crash and thus could implement their social programs.
This was all their doing. 100%.
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