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Thread: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Cri

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    Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Cri

    Excerpted from “Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Crisis in Fall 2008” By Brian Beutler, TPMDC, May 3, 2010, 2:39PM
    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.

    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 - but that top officials, including then-Treasury Secretary Henry Paulson, told her that they had been barred from briefing Congress about true extent of the crisis.

    If accurate, the allegation could constitute a major indictment of the Bush administration, which may have worsened the crisis and resulting economic fallout by delaying the call for congressional action. Pelosi says the admissions from Bush administration officials that they had kept Congress in the dark came in private conversations between her and those officials in person and by phone. None of the other parties to those conversations would comment for this story. Nor is it clear if the Administration's alleged decision not to brief Congress earlier was a calculated strategy to avoid spooking the already shaky financial markets thus hastening the crisis or, as Pelosi suggests, a political calculation in advance of the 2008 presidential elections, or a combination of the two. …
    That's quite an allegation. I wonder where it goes from here.
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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    She better have some seriously strong evidence because that is a pretty serious accusation.

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Considering that it has been neigh impossible to prove that anyone knew of the collapse (namely, its historic extent) in the financial companies themselves (if at all); it boggles the mind that Pelosi has some startling, unequivocable evidence that the Bush Administration knew.

    Also, how many countless months after the fact? Why now?

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Quote Originally Posted by Areopagitican View Post
    Also, how many countless months after the fact? Why now?
    She hasn't been in the news enough? She seems like that girl in high school I would hit just because she is such a pain in the ass. And I was raised not to hit girls.

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    The most likely explanation is that Nancy Pelosi bumped her knee on a desk, reflexively eliciting a "Bush's fault!" verbal outburst.

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Bush warned of the coming financial disaster 17 times in his administration.

    The White House released this list of attempts by President Bush to reform Fannie Mae and Freddie Mac since he took office in 2001.
    Unfortunately, Congress did not act on the president’s warnings:

    ...

    More… Not only did democrats not act on these warnings but Barack Obama put one of the major Sub-Prime Slime players on his campaign as finance chairperson.
    Gateway Pundit

    OBL 11/24/02

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Republicans completely controlled Congress more than half of Bush's eight years and they somehow never got that regulation passed? Please.
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    This coming from Pelosi? Wasn't she the woman who claimed she wasn't briefed on water boarding when she condemned it but the truth was that she was? How partisan can someone get Pelosi will be fired in November.

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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Freddie and Fannie Mae aren't the banking, crediting, and insurance industry.
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    Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

    Quote Originally Posted by Chappy View Post
    Republicans completely controlled Congress more than half of Bush's eight years and they somehow never got that regulation passed? Please.
    Yet the crisis began its downward turn in the last 2 years of Bush's presidency when the dems were in control.


    Funny how you forgot to mention that
    Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

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