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

Chappy

Chappy

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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
[SIZE="+2"]N[/SIZE]early 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. …
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That's quite an allegation. I wonder where it goes from here.
 
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.
 
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?
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Areopagitican said:
Also, how many countless months after the fact? Why now?
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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.
 
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.
 
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.
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Gateway Pundit
 
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.
 
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 :doh Pelosi will be fired in November.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

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

Chappy said:
Republicans completely controlled Congress more than half of Bush's eight years and they somehow never got that regulation passed? Please.
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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 :roll:
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

She comes out with this a year and a half after the fact? I'm not buying it. It's not like Pelosi has been shy about blaming Bush for a variety of other things.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

texmaster said:
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 :roll:
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And the build up of the crisis happened during the Bush administration.. funny how you forget to mention that.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Chappy said:
That's quite an allegation. I wonder where it goes from here.
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One more, of many, nail in Bush's coffin of Worst President In History!

There are prisons all over the country just screaming his name. :roll:
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Chappy said:
Republicans completely controlled Congress more than half of Bush's eight years and they somehow never got that regulation passed? Please.
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Did Republicans have a filibuster proof majority in any of those years to prevent Dems from blocking legislation ???

Nope, didn't think so.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

digsbe said:
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 :doh Pelosi will be fired in November.
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wanna bet?
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Who gives a damn about who's fault is was, if they are out of politics and out of power, its really totally unproductive unless someone is writing a history book.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Wiseone said:
Who gives a damn about who's fault is was, if they are out of politics and out of power, its really totally unproductive unless someone is writing a history book.
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unproductive, yes. but it's nice to know the truth, don't you think?
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

What is the truth?
That depends on whether you subscribe to being a Neo Fascist Republican or a Marxist Democrat.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Man, This will kill bush's chances at being elected POTUS again. :ssst:
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Reverend_Hellh0und said:
Man, This will kill bush's chances at being elected POTUS again. :ssst:
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Poor guy, he could really use the time to fix up his ranch!
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

If it's true ... Bush, Cheney, Rice, and the whole rats nest need to be serving hard time without parole, reprieve, or pardonability.

In addition to them, the Wallstreet ****bags who profited from the Bush's Administration's criminal behavior need to serve hard time without parole, reprieve, or pardonability.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Gill said:
Did Republicans have a filibuster proof majority in any of those years to prevent Dems from blocking legislation ???

Nope, didn't think so.
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Filibuster proof majorities never stopped any majority from passing legislation.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Hatuey said:
Filibuster proof majorities never stopped any majority from passing legislation.
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Really??? Looks like you haven't been paying attention to politics for the past 20 years.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

Gill said:
Really??? Looks like you haven't been paying attention to politics for the past 20 years.
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The fact that in the last 20 years bills have been passed by majorities - filibuster proof or not - shows that maybe it is you who hasn't been paying attention for the last 20 years.
 
Re: Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial

soccerboy22 said:
She better have some seriously strong evidence because that is a pretty serious accusation.
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Why? its not like the whores that pretend to be journalists will call her on it.
 
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