Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Crisis in Fall 200

Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Crisis in Fall 2008

tpmdc.talkingpointsmemo.com

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.

the allegation could constitute a major indictment of the Bush administra

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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

Whether you support republicans or democrats what difference does it make?

One continues the agenda of the other!

They often say that the wars were started by Bush, it's not Obama's fault. But he's continuing the wars and not only that but expanding it to the entire middle east.

Bush, and most likely with the help of Goldman Sachs, allowed/created the pretext for bailouts, or as it's marketing slurb says "Too big to fail".

If it wasn't republicans that were in power that created it then it would have been the dems.

On another note, they barred congress but majority of congress voted for it on the second round?

In a meeting that evening with Congressional leaders and staff, Paulson, Fed Chairman Ben Bernanke, and others offered a dire assessment, and made an appeal for intervention that ultimately resulted in TARP. Bernanke and Paulson beseeched the legislators to act quickly, warning that, the entire U.S. economy might collapse in days without rapid intervention. But Pelosi had a question. "I asked them, and said, 'Why am I calling you - why didn't you call me?," Pelosi said.

Oh please!!!!!!!!!
So the majority of activists were smarter than the Pelosi administration, if there is such an admin.
What is she doing holding that seat then?

That means go to any anti-bailout rally and hire anybody off the streets and they would be a better candidate than her.

I asked Senate Banking Committee Chairman Chris Dodd last week about Pelosi's charges and he said this is the first time he's heard such an allegation raised. But he seemed mostly unsurprised. "I said to Hank Paulson, 'Be Hank Paulson.'" Dodd told me. "If you listen to the White House, you're going to mess this up."

They are trying to make the dems appeal to people that lost trust in govt. Which is the majority of the nation now.

Divide and Conquer!

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reply to post by ModernAcademia


Two Heads on the same monster.

Wouldn't have mattered who was in the WH at the time, the same crap

would have gone down.

The people in power at the WH, Repub or Dem, don't give a rats ass about

Main Street, never did , never will.

Guaranteed Salaries with Guaranteed Pensions are all that matters.

Sounds like Pelosi is trying to bring up the "Blame Bush" rhetoric again. The funny part is there is CSPAN video of the Dems blocking attempts to audit Freddie and Fanny. Inside polling must not be in the Dems favor for Pelosi to be bringing this back up.

There are always ulterior motives when this rhetoric is starting to come out sounds like the Finance Reform bill isn't going to pass or they are getting ready to introduce something even more unpopular.

Who knows I guess we will see in a few weeks.

Obama:
Quick -- they're going to find out the economy is cooked -- we have a disaster in the South being dubbed OUR Katrina -- they are starting to blame us -- what do we do?

Pelosi:
Relax...people are talking about Katrina, the economy is sinking.....tell 'em it's Bush's fault....

Obama: Good idea....Spread the word, Bush's legacy lives on....

Yeah and you were too dumb to make your own mind eh moran?

Pelosi... HOW THE HELL CAN YOU PEOPLE IN CALIFORNIA ELECT AND REELECT THAT B****?

Sick... Eh Pelosi, what about YOU LISTEN WHEN RON PAUL WARNED ALL OF YOU IN CONGRESS ABOUT IT FOR YEARS?

Bush is the only guilty party here, ALL OF YOU IN CONGRESS WHO VOTED FOR THOSE BS LAWS ARE RESPONSIBLE.

But of course, accepting responsibility for their own actions is something those pieces of filth never do... even if a mature 12 years old does...

[edit on 3-5-2010 by Vitchilo]

Originally posted by Light of Night
There are always ulterior motives when this rhetoric is starting to come out sounds like the Finance Reform bill isn't going to pass or they are getting ready to introduce something even more unpopular.

True enough.

Taliban / al-Qaida warnings = we are going to bomb somebody and pass more laws restricting personal freedom

Bush = we are about to pass some really heinous legislation so we want to remind you of how much you hated the other guy....

Cheney = Biden made another gaffe we want you to forget....

Iran = really....when we bomb them they will have deserved it....have we convinced you yet?

North Korea = Stop paying attention to Iran...

Pelosi: Please don't pay attention to the present moment of us being horrible at our jobs and bankrupting the country...Bush, Bush, Bush...don't look over here...look over there, it's Bush.

Wow, Pelosi blames President Bush for something.........they really need to work on their propoganda machine. If that's all she has without realizing she's inditing half of her party as well, she really is a moron. However, maybe one day she'll recognize the cool analogy of pot and kettle and finally figure out that people aren't as stupid as TPTB want them to be.