Skip to comments.Pelosi Statement on Legislation to Address Crisis in Financial Markets
Posted on 09/21/2008 1:49:54 PM PDT by Sub-Driver
Press Releases Contact: Brendan Daly/Nadeam Elshami 202-226-7616 For Immediate Release 09/21/2008 Pelosi Statement on Legislation to Address Crisis in Financial Markets
Washington, D.C. -- Speaker Nancy Pelosi issued the following statement today as Congress and the White House work to craft legislation to address the crisis in our financial markets:
"Congress will respond to the financial markets crisis by taking action this week in a bipartisan manner that will protect the taxpayers' interests. The Administration's $700 billion proposal does not include the necessary safeguards. Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation.
"We will not simply hand over a $700 billion blank check to Wall Street and hope for a better outcome. Democrats will act responsibly to insulate Main Street from Wall Street.
"As we proceed to deal with this crisis, this is clear recognition that the party is over for the Bush Administration's anything goes, failed economic policies that have damaged our economy, undermined the middle class and further pointed out the need for a New Direction."
Translation: “We need a bipartisan solution to this problem. So, listen, you evil Republicans, it’s my way or the highway!”
Uh oh, there goes the economy if the Dims get involved.
Can you imagine such fiscal geniuses such as Pelosi, Boxer, Reid, Conyers, Murtha and Bimbo Biden involved in “saving” the economy?
It would be the mother of all Titanic’s.
So far Barry, Harry, and now Nancy all calling for homeowner bailouts....
“protections for homeowners and constraints”
I guess that means deadbeats that don’t pay their mortgages can still live in the house and the govt. will eat the balance? This is getting just plain outrageous. Communism here we come.
In figuring out an answer to this dilemma, IMO it’s completely unfair to overlook the opinions of the brain dead.
Yeah, I luv that too. Mention bipartisanship, then rip Bush a new one. Of course, the Dems had nothing to do with this. [/sarc]
There's that again. She can't open her yap without saying "failed Bush policies" or some derivative.
she will insert something unacceptable, that is her modus operandi.
Sounds to me that we shouldn’t expect a quick, clean bill to come anytime soon. “Don’t ask what you can do for the country, ask what you can do for the Democrat party to make President Bush and McCain as uncomfortable as possible.
I’m beginning to think this whole thing is just a form of back-door reparations.
“protections for homeowners”?
This will ensure that the cost to taxpayers is even higher, and that an even bigger subsidy will be shifted over to the irresponsible and unqualified borrowers who got expensive shiny new houses.
Did Joe Sixpack borrow within his means? What a fool!
Democrats will act responsibly to insulate Main Street from Wall Street.
Its a little late for that dufus.
She makes me sick.
Queen Nancy doesn’t want a solution yet. Bush & Republicans are getting blamed for the financial mess and her buddy Obamamama escaped blame and is climbing in the polls. The MSM has done their job again. Republicans bad, Obamamama goooood! She makes me ill.
Sure they are. They’re the ones who pushed for the no money down, no questions asked loans to deadbeats that started the boom to bust spiral in the first place. Now they want to reward their own failures with more taxpayer money. No thanks! Just say no to witch Nancy and her flying Marxist monkeys!
A whole new concept...
I don’t like Pelosi. But there is a failure.
She is covering her husbands investments. The one time insider trading failed them.
BOHICA. Welcome to the new version of section 8 housing.
"It would be the mother of all Titanics."
Sure I can.
Would you mind moving you deck chair just a little to the right? There are some of us sitting in the back row who are trying to get a better look at the ice berg that precipitated all of this!
“She’s plain stupid..........”
Yes, She is stupid and a major lying sack of dung.
Oh, to have Hastert in there at this moment instead of this witch!
The more partisan this becomes the more the markets will struggle this week. Probably a good idea to keep some cash on hand.
She’s not plain stupid. She’s a plain liar.
I’m already having visions of an oversight committee co-chaired by Chris Dodd and Charlie Rangel.
“I’m beginning to think this whole thing is just a form of back-door reparations.”
Your observation may very well be a valid one. It seems like the Democrat-controlled Congress do whatever they want that way - sort of like legislating from the bench. McCain told them over two years ago this mess was going to happen if it wasn’t dealt with, and he put forward legislation in an attempt to avoid it. Democrats just blocked it at that time, like they’ve been doing all along. Just plain rotten. We haven’t seen anything yet if Hussein is elected.
Didn’t you hear the news....Pelosi said to the press that the Democrats are totally innocent of this financial debacle.
Let’s not forget all those above ground cemeteries that Ike and Gustof flooded. The dead lost their home, and, they are voters too.
Do you think the Bolshecrats will withdraw in the coming civil war.
Pelosi is betting on the Republicans not letting it all crumble. Sadly she may win this hand, but in the end we are all going to loose this game.
BOHICA. Nanny Fran STFU.
Translation: We need a bipartisan solution to this problem. So, listen, you evil Republicans, its my way or the highway!
IOW, we want a bill w/ riders containing every conceivable piece of socialist pap imaginable including a hunting season on Conservative boobs who stand in the way of our quest to create the Socialist States of America.
If it's her way, the markets will tank.
If she doesn't get her way she will stonewall everything and the markets will tank.
The Dems think they can blame this on Bush and McCain. They plan to ride this crisis all the way to the White House, or the complete blowup of the financial system - whichever comes first. My bet is on the complete blowup.
Either one. They don't care. This is "Bush's Watch".
Nancy is an utter, corrupt fool. She and her buddies plan to take the country down with them. They see this as the opportunity to gain complete political power.
They don't care if America is in ashes as long as they control the ashes.
The last time this happened, FDR was elected and socialism took root in the United States. We are still living with the economic fallout of the social state. Maybe she thinks this is the end game so she's going for broke?
The argument has already been lost, with so many republicans going along with this, they have agreed to throw whats left of capitalism in this country "under the bus". Even if there are some Reps that try to stop this, this will still all be pinned to Greedy Republicans, no matter the reality and no matter what happens. Even if the Bailout is successfully stopped, the resulting (and nessacary) slowdown maybe even an ugly crash, will be blamed on Republicans. If the Bailout goes through, its not going to really solve anything, and probably make it worse. The solution will inevitably be bigger and more involved government.