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Pelosi orders wide Wall Street probe (Politico) 9/16/08

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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-03-08 03:32 PM
Original message
Pelosi orders wide Wall Street probe (Politico) 9/16/08
Just a reminder


House Speaker Nancy Pelosi, D-Calif., speaks during a news conference Tuesday.
Photo: AP

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 administrations 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.

"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.

more...http://www.politico.com/news/stories/0908/13514.html
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AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:35 PM
Response to Original message
1. Subpoena them, Nancy. It's worked so well in the past...
:eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes: :eyes:
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WA98296 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:37 PM
Response to Original message
2. Then what? There is no accountability, nothing is ever done.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:38 PM
Response to Original message
3. yeah, and I'm sure she'll give them a stern talking to
afterwhich they'll all go out for martinis and have a good laugh.
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pleah Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:39 PM
Response to Original message
4. I have lost all confidence in Pelosi.
Enough said.
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gopbuster Donating Member (715 posts) Send PM | Profile | Ignore Fri Oct-03-08 03:44 PM
Response to Original message
5. On the record...I agree with the comments coming down the pike here....
It has been all bark and no bite on every investigative issue.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 04:09 PM
Response to Original message
6. Did You Set the Table Yet, Nancy?
Never seen a woman more intent on not doing her job in my life.
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