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.
Jimmy Carter
Bill Clinton
Chris Dodd
Barney Frank
Harold Raines
Jim Johnson
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...
“Disaster Pork”
/sarc
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.
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