Pelosi: Dems bear no responsibility for economic crisis

[OrangeEmpire]

TheHill.com

House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”

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Pelosi (D-Calif.) ripped President Bush’s “mismanagement” of the economy and a lack of regulation that led to the current situation.

“I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of these financial institutions,” Pelosi told MSNBC.

When asked whether the Democrats “deserve some responsibility” regarding the economic crisis, Pelosi responded: “No.”

“John McCain said that this is a result of overregulation by the Democrats in Congress,” she added. “Either he doesn’t know what he's talking about or he’s misrepresenting the facts as he knows them. But it’s simply not true.”

:lolabove:

Imagine what the world would be like without politicians.......

Honestly.........

 

[BigPapaVol]

sadly, her POV will be the prevailing view regarding the markets. You get Pelosi the retard, who can't understand that CMBS are considered extremely stodgy and risk averse investments trying to imply that Wall St. was a bunch of gunslingers in putting together pooled mortgages. Unbelievable to me.

Unfortunately, the unwinding of this mess, which is happening quickly, will never make the headlines that the bad news made.

 

[GAVol]

Pelosi is just not very good at pulling off "hyperpartisan".

 

[Headed For Home]

Who needs enemies abroad when we have people like this in office.

 

[Chemvol]

And she is two heartbeats away from the Presidency.

 

[BigPapaVol]

And she is two heartbeats away from the Presidency.

only one according to TennNC.