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Pelosi Orders Wide Wall Street Probe

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posted on Sep, 17 2008 @ 01:46 PM
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Pelosi Orders Wide Wall Street Probe


www.politico.com



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 to aggressively look at the administration’s role in the meltdown over the weekend and to explore further regulation and government structures that would be taken up under the new president.

And the trouble could run even deeper than has been clear so far — and get more expensive for the U.S. government. The Associated Press reports that the fund established to insure bank deposits is dwindling, with the taxpayer as the lender of last resort.

(visit the link for the full news article)




posted on Sep, 17 2008 @ 01:46 PM
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LOL

Let's all collectively hold our breath that ANYTHING will come of this "wide probe" of the ever-corrupt financial sector.

I think it has become overwhelmingly apparent through this endless avalanche of disasters of who is REALLY in charge of things in this country...

Yet more whistling into the wind by a "do-nothing" congress, to feign some sort of oversight of the perpetual criminality and Elitist back-scratching at the expense of the little people...

Hopefully this doesn't violate the Political rules, as this is more of financial scandal conspiracy that seems to have no end in sight, and seems to have almost mafia-like payoffs and bail-outs going on, and the little people all seem to continually be on the sidelines, watching helplessly as their debt just keeps rising, as one giant fraudulent corp / lender after another gets bailed out...


"The Federal Deposit Insurance Corp., whose insurance fund has slipped below the minimum target level set by Congress, could be forced to tap tax dollars through a Treasury Department loan if Washington Mutual Inc., the nation's largest thrift, or another struggling rival fails, economists and industry analysts said," The AP reported.



www.politico.com
(visit the link for the full news article)



posted on Sep, 17 2008 @ 01:50 PM
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Really!!!!!!!!!!!!!!!

After she approved a bailout package for the big private companies in the Auto business.

The hypocrecy.


I wonder who she is trying to impress now.



posted on Sep, 17 2008 @ 02:11 PM
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Pelosi is the biggest idiot in Washington, and that's saying a lot with the Bush administration in power. She would investigate her own mother if she thought it would get her party votes. How about we investigate Washington, or how in the past 2 years despite a party of "change" controlling Congress, we've done nothing but burn money so fast on bailouts that it makes the Iraqi war look like an earmark.

[edit on 17-9-2008 by yellowcard]



posted on Sep, 17 2008 @ 05:27 PM
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reply to post by yellowcard
 


Well, even more pathetic than her "investigations" and "threats" is that they never amount to ANYTHING every...single....time.

This gal is the master of all talk, and zero action. And as Marge so succinctly pointed out, it's usually because she is guilty of all the same corruption she is barking about investigating. LOL!

What a joke.



posted on Sep, 17 2008 @ 05:31 PM
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nansy is not as bad as people are assuming.

the world in which she operates is viscious and shadowy one where those who hold all the power are the most viscious of all.

she isnt a saint but she is no sinner,she does what she can without rocking thier boat so to say.

i remember somone on here saying a gunman with an expensive silenced weapon was found trying to enter her house ,that is the reality of the situation she and others ,even in her tame form faces.



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