Pelosi Statement on Legislation to Address Crisis in Financial Markets

[ProSense]

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.”

[Kdillard]

1. Preach it Pelosi.

[MercutioATC]

2. Does anybody really believe anything Pelosi says any more?

Nice "statement" Nancy. You're great at that. Show me some action.

[ProSense]

3. Why is it that people

seem to go out of their way to make up their own reality when it comes to Democrats?

I'm sure action will follow, until then, this is a great statement.

[MercutioATC]

6. Not "Democrats", I'm speaking of Pelosi specifically.

She always promises the world. Her actions almost always fall far short.

[maseman]

4. I say give her the benefit of the doubt

The Dems have an opportunity to shine right now. Fuck it. I support what she says and will AGAIN call my Senators and Reps tomorrow highlighting what she said.

Let's do what she says they're going to do.

[Andy823]

5. I agree.

This an election year, and if enough of us write, complain, and show our anger, congress has to act, be they democrats or republicans. It would be stupid to give Bush a blank check, and even stupider for members or congress to "NOT" but in any safeguards or to put and end to letting CEO's walk away with millions while the taxpayers fork out the money to keep their company running.

I say we give her a chance, complain to our members of congress, and see what happens. It's time for the democrats to stand up for the people, let's hope that they do it this time!

[BumRushDaShow]

7. Thank god.

But let's hope that they don't capitulate anyway.