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Reports

Pelosi’s Toothless ‘Commission’

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Posted on Jul 15, 2009
AP / Susan Walsh

By Joe Conason

Very soon, congressional leaders are expected to announce the creation of a new commission to investigate the causes of America’s crippling financial disaster. House Speaker Nancy Pelosi has reportedly told Treasury Secretary Timothy Geithner that this investigative panel will be modeled on the legendary “Pecora Commission,” which held a series of hearings on Capitol Hill in 1933 that arraigned the nation’s biggest bankers and stock swindlers before an angry and suffering people. Named for Ferdinand Pecora, the cigar-chomping New York prosecutor who oversaw the proceedings, those confrontations mobilized public support for the financial reforms of the New Deal—which curbed the excesses of Wall Street’s overclass until a decade ago when the reforms were undone.

But unless the speaker and her colleagues summon much greater courage than they have displayed to date, any comparisons to the Pecora investigation will only highlight the failure of the Democrats to live up to their heritage. The way to begin to understand that incipient disappointment is with a short history lesson, and the way to start that lesson is to note that the Pecora “commission” was not really a commission at all, in the sense that we have come to understand that term—meaning an excuse for politicians to avoid their responsibilities by palming them off on a group of unelected appointees.

No, the Pecora commission was nothing like that. The so-called commission was in fact the Senate Banking and Currency Committee itself, which under Republican leadership had undertaken a desultory investigation of the 1929 Crash and the onset of the Great Depression, an investigation that had dragged on for a year or so without much progress. That changed with the election of 1932, which sent Franklin Delano Roosevelt to the White House and gave control of the United States Senate, including the Banking Committee, to the Democrats. In January 1933, Pecora was appointed to write up the weak and incomplete findings of his three predecessors—but the Senate Democrats, with the encouragement of the new president, encouraged him to continue and extend the committee’s investigation.

Armed with full subpoena power, Pecora summoned many of the nation’s most important bankers, brokers and financial operators to the witness table, including J.P. Morgan II, where they endured his harsh and sometimes humiliating public examination. When Morgan confessed that he and many of his partners in the most powerful investment bank routinely paid no income taxes, the furious reaction of the public armed FDR with the political power to enforce reforms, despite the bitter opposition of the bankers. Tax avoidance by the wealthiest men on Wall Street was merely a tantalizing bagatelle in the trove of abuses uncovered by Pecora, whose findings ranged from the underwriting of bad securities to pay off unsound loans (which may sound familiar) to the inflation of banking stocks through deceptive practices (which may sound familiar, too).

What Pelosi and her colleagues appear to be preparing, with the apparent assent of President Obama, is much weaker stuff. She has said that we need to find out what really happened to the nation’s finances in order “to make sure something like this never happens again.” But if the stakes are so high, why should this grave responsibility be turned over to retired politicians, former federal appointees and academics, as now seems most likely? Reuters has reported that the new commission’s members will probably include former Sens. Fred Thompson, Jake Garn and Bob Graham, along with former Commodity Futures Trading Commission Chair Brooksley Born (the most impressive name floated so far) and Alex Pollock, a conservative economist from the American Enterprise Institute. Is anyone yawning yet?

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By consigning this historic investigation to an unelected panel, the congressional Democrats are running away from the mission of change that they were elected to fulfill—and the president who popularized that message is implicated in that error as well. What the nation needs now is a serious investigation, backed by the full authority of a joint congressional committee and spearheaded by a professional prosecutor like the brilliant Pecora—not a cowardly evasion and a mush-mouthed “bipartisan” report.

Joe Conason writes for The New York Observer (www.observer.com). To find out more about him, visit the Creators Syndicate Web site at www.creators.com.

© 2009 Creators Syndicate Inc.


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By yours truly, July 20, 2009 at 10:00 pm Link to this comment
(Unregistered commenter)

America is like a broken down car with all its parts out of order, its pistons misfiring, its brakes metal on metal, gears grinding.  Which is to say that if, indeed, America were a car, the last thing its owner(s) would do would be to take it to an auto shop for repairs, not only because the car is too far gone, but because that would be more costly than buying a new car.  America is not a car, of course, but at so many levels its dysfunction and misfirings render it as worthless to the American people as that broken down car is to its owner.  How and where do we purchase a new America?  We don’t buy it, we take it back from those who have stolen our nation from us, including, but not limited to, banking and finance, the military-industrial-political-rcomplex and absolutists of all persuasions.  Why?  Because there is no alternative.  How?  We rise up en masse.  And then it’ll be up to us, the what sort of America.

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By rockinrobin, July 19, 2009 at 5:43 pm Link to this comment
(Unregistered commenter)

Pelosi got in due to FRAUD in voting; SAME folks in the courthouse: carried down in “families’; the “CORRUPTION” starts in CITY, then COUNTY, then STATE, then FED: NOW, they are trying to COLLAPSE the $; bring in the AMERO where they have all THEIR $; (plus the off shore accounts); busy depleting all the water supply in USA & India & other nations (they HAVE the technology so no surprize they LIE); all along I5 they are REFUSING to allow CROPS & VEGGIES: fining CATTLE & FARMERS: they will then declare NO MORE VOTING: SMILE! You will PAY what they SAY or you will DIE in 3 days (THIS of course is the DEMOCRACY they are busy forcing down EVERY nation as they have gotten away with it in the USA for DECADES!)

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By Triton, July 19, 2009 at 7:05 am Link to this comment
(Unregistered commenter)

Nancy Pelosi wasn’t always the Princess of Capitol Hill. She grew up in the “Little Italy” section of East Baltimore. She was raised among hard working ordinary citizens who, by and large, treasured the values of the United States. Along the way she morphed into a grand dame who acts as though she knows what’s best for the little people. She and Harry Reid both demonstrate an important characteristic of the Democratic party. it’s not that the cream rises to the top; it’s the other well know fact that sh*t floats. These spineless politicians are representative of a Congress that is devoid of both will and wit. Lack of cohesion, lack of leadership, lack of courage, lack of honor, and lack of moral fiber are the principle characteristics of the Democratic Party. They are already on the dung heap of history.

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By MarthaA, July 19, 2009 at 2:45 am Link to this comment

We the people MUST remove CONSERVATIVE/moderates from the Democratic Party.

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By bogglesthemind, July 18, 2009 at 12:03 pm Link to this comment

“...it will only highlight the failure of the Democrats to live up to their heritage.”

And their rhetoric.

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By samosamo, July 18, 2009 at 7:48 am Link to this comment

By PaulMagillSmith, July 18 at 3:59 am
““Let’s ‘frog march’ her out of Congress like she should have done the same for Cheney/Bush.”“
*************************************************

Great idea and wish it would happen sooner than later but unless you live in her district and can motivate the voters to vote her out and make sure her mafia doesn’t ‘strong arm’ her competion out of the way like I read here somewhere cindy sheehan’s headquarters was attacked, looks like the bitch will break the age record for longevity in the house, she is a poster person of a traitor to this country, damn her to hell.

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By GB, July 18, 2009 at 7:29 am Link to this comment
(Unregistered commenter)

Talk about taxation without representation. That’s Pelosi to a tee. California needs to vote out Pelosi and Feinstein, two rip off artists who’s families are profitting heavily from their thumbs up votes on funding bush’s and cheney’s mass murder in Iraq and Afghanistan. This is why impeachment was off the table and why they continually side with big corporations.

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By Louise, July 18, 2009 at 7:28 am Link to this comment

Maybe we need to scream a little louder. Like ... we all know what caused America’s crippling financial disaster!

And so does Nancy. And so do all the Congressional’s who want to see this commission created. And what’s more, not only do they all know, they all know we all know!

So who’s this for anyway? Is this some lame attempt to silence the right? Is there some notion that making this all public record will educate the folks who never pay attention? Maybe a better question is, does a dem Congress really have the gonads to actually, publicly blame this mess on eight years of Republican control? Or will the end result just be an effort to white-wash whatever responsibility some irresponsible dem might have played in creating the mess?

For goodness sake lets tell it like it is! Apologies to GOP apologists, but we all know Republican control got us into this mess! So-called Conservative love of power will keep us in this mess! And if we don’t grow the gonads necessary to call them out, in a very public way, they will keep right on working to make it worse ... if such a thing is possible!

In case nobodies noticed, the so-called right, in spite of their small numbers, still manage to throw shit in the pot, everytime someone tries to make a decent stew!

And amazingly, folks eagerly line up to get a taste of that shit-laced stew! And even more amazing the folks on the left and in the middle think the fruitcakes who love shit represent the rest of us! So, what’s wrong with this picture?

Maybe it’s time we quit repeating the lies, accepting the lies and eating the shit, and demand Nancy and all the other “leaders” over there, quit it!

How come they don’t? How come the voices of the fed-up aren’t getting through to them? How come the folks with a shit-load of shit in their mouths still control the conversation?

Because they have more money? Well from where I’m standing it looks like the folks on the right, who support the right are just as poor as me. Maybe it’s a mental problem. Maybe they think if they just go on swallowing shit, somehow great wealth will come out at the other end!

Or maybe the dems have been cleaning up conservative shit for so long they have become inured to it!

Maybe we need to force the folks who keep shitting on the floor to clean it up, maybe then they’ll stop! Oh, Oooops! That will never do, because then we run the risk of having them regain control, and then where would we be?

So I suppose in the final analysis we need to demand our Congress throw the bums who created this mess, and now play at fixing this mess, out of Washington DC! And it might be a good idea for President Obama to quit worrying about keeping the “right” happy by playing the “bipartisan” game and demand they clean up, or shut up! And it might be a good idea if he quit listening to the spoiled leftovers from Wall Street who control the Treasury, and start listening a little more intensely to we the people, because we want to see heads role ... in a figurative way of course.

Oh duh ... maybe that’s why rumblings about a commission are ... rumbling.

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By Jon, July 18, 2009 at 1:11 am Link to this comment
(Unregistered commenter)

Congress used to be made up of practical, working people.  Pelosi has her own Boeing 757 jet so that she doesn’t have to fly commercial with the American peons. Her husband holds a lot of AIG shares.  Pelosi could care less about the Constitution, but cares all about keeping her job.  California:  when are you going to vote Pelosi out, she doesn’t care about you or the country; she just wants the title and her 757—that costs $5 million a year to operate for her personal use.

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By PaulMagillSmith, July 18, 2009 at 12:59 am Link to this comment

When Pelosi said, “Impeachment is off the table”, her true colors as a traitor to democracy & the American people shined bright & clear. I don’t give a rat’s ass if it is health care, stimulus, banking corruption, or whatever. What is more important than rooting out criminals from our government? Let’s ‘frog march’ her out of Congress like she should have done the same for Cheney/Bush.

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By samosamo, July 17, 2009 at 5:49 pm Link to this comment

By Russian Paul, July 17 at 4:20 am #
““That is truly a terrifying photo of Pelosi.”“
***********************************************

Really. Seems she is trying to show how she can quell the masses or she will use some mystical powers to hypnotize her ‘captive’ audience.

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By idarad, July 17, 2009 at 5:32 pm Link to this comment

Folktruther - voters must like the taste of bs, they keep swallowing the crap even when something decent is offered in its stead

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By Folktruther, July 17, 2009 at 3:49 pm Link to this comment

And yet when she ran against Cindy Shehan in a progressive area of San Francisco, she got 80% of the votes.  that I don’t understand.

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By jonr, July 17, 2009 at 2:04 pm Link to this comment
(Unregistered commenter)

Don’t congresspeople have staff for this?  I mean, a commission?!?  It doesn’t take a doctorate in Economics to understand that making risky investments with the implicit guarantee that taxpayers will subsidize pretty much ANY risk encourages people to do very stupid things. 

Seriously, the system of loaning money to responsible borrowers just wasn’t generating enough profit.  The system was tapped out and growth about to grind to a screeching halt.  What to do?  What to do? 
Ooh!  I know!  Encourage people to borrow under marginal curcumstances!  SELL them on the idea!  CONVINCE them they should borrow more, and more, and more, and then sell the paper to some other schmuck who will sell it to another, who will sell it to another, until the paper trail is so long and confusing nobody will WANT to take the time to perform due diligence.  Plus, the loan originator will never have to actually eat the paper!

Fantastic!

What is “due diligence,” you ask?  What an excellent, excellent question.  Maybe Congress should form a commission to answer it.

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By felicity, July 17, 2009 at 8:13 am Link to this comment

samosamo - my San Francisco mother says that Pelosi’s love is politics, period, and beyond that there’s not a helluvalot of anything else going on in her head.  Doesn’t excuse her but certainly explains her.

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By Trailing Begonia, July 17, 2009 at 7:23 am Link to this comment

Felicity said: “(His face even took on a kind of moral/ethical glow as he spoke.)”

Felicity, I think you mistook that look for a bout of gas…

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By felicity, July 17, 2009 at 6:55 am Link to this comment

A few recent (yesterday) Paulson revelations - when he sold his Goldman shares because he had to when he took the job at Treasury in ‘06, he made a profit of $200 million and paid no income tax on it.  Why?  Because he was “forced” to sell, an answer that seemed to make perfect sense to him.  (His face even took on a kind of moral/ethical glow as he spoke.)

When asked why he decided that Buffet was to be paid 10% on every investment dollar he put into Goldman at the same time as he decided that we tax payers should be paid 4% on our dollars, Paulson said it was because Buffet didn’t “have” to invest but did so (apparently out of the ‘kindness’ of his heart?)

Pretty clear that Paulson (and his fellow money changers) never considered and never will consider the lowly tax payer/American citizen/American nation anything more than dupable, ignorant cash cows which are only kept around to fatten the fat asses on Wall Street.

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By Trailing Begonia, July 17, 2009 at 5:52 am Link to this comment

“Very soon, congressional leaders are expected to announce the creation of a new commission to investigate the causes of America’s crippling financial disaster.”

ROFL!  This is another way of saying, ‘well, our Congresswhores need to get much needed sleep during session, sleep which they have lost due to their nights of carousing, drunkeness, drug fits, homosexual and extra-marital affairs, stealing, the arranging of bribes, etc. etc.

Please!  Why even bother?  Why the charade?  After all, it’s not as if they’re fooling anybody.

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By Russian Paul, July 17, 2009 at 1:20 am Link to this comment

That is truly a terrifying photo of Pelosi.

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By PaulMagillSmith, July 17, 2009 at 1:18 am Link to this comment

Why anyone with any connection with Goldman Sachs could show their face on this commission is beyond me and all sense of propriety. Unless they’re a whistleblower of course, but I’m not holding my breath. Looks like just another 911 Commission, or Warren Commission, whitewash in the making to me.

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By rockinrobin, July 16, 2009 at 10:52 pm Link to this comment
(Unregistered commenter)

A “commission” is ridiculous folks, cuz the TRUTH ain’t in them; the POLITICAL AGENDA of the USA is: EXPLOITATION: which is to TARGET and HARM for PERSONAL gain & PERSONAL profit; it is a CRIME.
It is NOT a 2 party system at all: the ONLY REASON they HAVE 2 party supposed system is that “the people must have a choice” per the HEAD of the so called REP party: why??? in order to MISLEAD, DECEIVE, & COMMIT their CRIMES! (hidden behind the name “political”; with JUDGES who get PROMOTED when they CALL to find out “how to rule” as did Sotomayer in Mahr vs Ashcroft; CRIMINALS get PROMOTED.
Its SIMPLE folks: they INFLATED the PRICES of EVERYTHING: FIRST, they IGNORED usury laws as they declared “there is no international law”; GREED; is the NAME of the GAME; and like a COCAINE ADDICT they will NEVER have enough; thru ABUSE of POWER: MISUSE of laws: forcing folks OUT of BUSINESS for THEIR personal PROFIT & GAIN: Stockholders come FIRST: of course they do; cuz our “politicians names” are interchangeable with HALLIBURTON, MONSANTO, GENERAL MILLS, & MORE: it is NOT the “usa” it is CONSOLIDATED CORPS: with BACKING UP of PENTAGON: MISINFORMATION: is the MILITARY TERMINOLOGY: of giving FALSE reports, FALSE information, LIES, and DECEPTION: all for 1 purpose: to DECEIVE the PUBLIC: thru the MEDIA; the PEOPLE of the USA are the TARGET, and since they have done so WELL here they are taking it GLOBALLY;
Consolidated Corps of Criminals: in the Name of Politicians: Where JUSTICE fled the land LONG AGO; and saying the “water” belongs to THEM: they MEAN of course, MONSANTO, HALLIBURTON, and the REST of the CRIMINALIZED Corps: whom own the FOOD chain: and MOST of the land, homes, etc; check out WHO all the LAWS are in FAVOR of: (clue) it’s NOT YOU if you are a PERSON.

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By idarad, July 16, 2009 at 8:55 pm Link to this comment

Expending time and money on this so-called commission is a waste.  The answer to the question, what the hell went wrong and when did it happen are summed up rather well by - get it - Reagan’s own undersecretary of the treasury, Paul Craig Roberts.  His post “There’s Nothing Left to Recover -  What Economy” can and should be read in full at CounterPunch.org. Some of the relevant parts follow:

“There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”

“The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a real estate bubble, and by “free market” financial deregulation, which unleashed financial gangsters to new heights of debt leverage and fraudulent financial products.”

“The US government’s budget is 50% in the red. That means half of every dollar the federal government spends must be borrowed or printed. Because of the worldwide debacle caused by Wall Street’s financial gangsterism, the world needs its own money and hasn’t $2 trillion annually to lend to Washington.”

“As dollars are printed, the growing supply adds to the pressure on the dollar’s role as reserve currency. Already America’s largest creditor, China, is admonishing Washington to protect China’s investment in US debt and lobbying for a new reserve currency to replace the dollar before it collapses. According to various reports, China is spending down its holdings of US dollars by acquiring gold and stocks of raw materials and energy.”

“Nothing in Presidents Bush and Obama’s economic policy addresses the real issues. Instead, Goldman Sachs was bailed out, more than once. As Eliot Spitzer said, the banks made a “bloody fortune” with US aid.”

“It was not the millions of now homeless homeowners who were bailed out. It was not the scant remains of American manufacturing—General Motors and Chrysler—that were bailed out. It was the Wall Street Banks.”

“This should tell even the most dimwitted patriot who “their” government represents.”

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He is coauthor of The Tyranny of Good Intentions.He can be reached at: .(JavaScript must be enabled to view this email address)

So if Pelousy and the democrats want to waste more money trying to determine what went wrong, first they should find a cheap mirror, look at it and maybe they will realize that “even the most dimwitted patriot” should know their government is not one of the people.  Folks it is a corporate state, a fascist state, and no commission of fools can honestly say otherwise!

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By dcampbell, July 16, 2009 at 5:14 pm Link to this comment

I hope that the commission actually does its work. 
Phil Angelides as Chair has a history of real economics in his role as Treasurer of California. And, he was a member of the PERS board.
Beyond a report, the real measure will be to see if Congress does anything with the report. The could start by re-establishing Glass-Steagall.
the new regulations on finance capital proposed by the Obama Administration in June do not go nearly far enough to provide structural economic reform and to re-establish the 1933 rules under Glass-Steagall.  Without structural reform we will be back in this crisis again within a decade.
This has been a looting by the rich.  We need to throw a few hundred in jail to get their attention.

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By samosamo, July 16, 2009 at 4:13 pm Link to this comment

Pity that her constituency keeps on thinking they are re-electing a democrat from their district into the house of representatives because she, like obama, time after time, talks like a republican and walks like a republican.

I will NEVER forget her stepping up, at the speed of light, to ‘hide’ w & dick from impeachment and then last year giving that piece of shit speech on the first bailout and how it did not provide oversight, regulation, supervision or tranparency so it should not be voted for by the house even though she had voted for it and a week later it was passed, I guess when it gave geithner more leverage to help his wall street buddies.

So what we have here is a true neoconservative republican still trying to hide behind a democrat skirt and not just being a blue dog, AND she is one that needs to be impeached.

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By Shift, July 16, 2009 at 3:54 pm Link to this comment

And just when I had eliminated Pelosi from my mind, this!  The bubbling decay that is Washington cannot address our needs, nor will they.  Forget them.  They are nothing more than America’s cesspool.

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By Spiritgirl, July 16, 2009 at 3:22 pm Link to this comment

Anyone that has been paying attention, does know what has happened.  Congress deregulated believing the lies of lobbyists that the rules and regulations were hampering “business” ability to “do business”!  Congress along with Presidents since Reagan have installed people in the regulatory agencies that not only didn’t believe in enforcing the laws but looked the other way even as they knew the “Corporate Oligarchy” were committing serious offenses against the American people, Congress underfunded many of the regulatory agencies responsible for oversite of these corporations, and avarice got in the way! 

When Reagan fired the Air Traffic Controllers because they went on strike, that was a silent nod to big business that it was an all out war on the average worker!  This “trend” continued, and when Clinton aided by Larry Summers and Robert Rubin set out for the “lawful” thievery that has become Wall Street what we’ve got is our current debacle!  Oh, let us not forget good ole Bernie Maddoff who was in charge of the stock market, and the go to guy for financial regulations!  Unless this commission is (a) INDEPENDENT and willing to ask serious questions, (b)armed with subpoena powers, (c)can put people in jail for intent to defraud, and treason against the American people - and Congress is willing to go along with the results, (d) and Congress is really going to grow a pair and write serious legislation to stop these crooks and their shenanigans - there is no need to waste more money on lies and insults to people’s intelligence!

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By Mary Ann McNeely, July 16, 2009 at 1:08 pm Link to this comment

The “heritage” of the Democratic party is quite recent.  It dates back to 1992 and Bill Clinton.  The Democratic party before that is dead and buried . . . buried deep.  The heritage of the Clinton/Obama Democratic party is deceit and the color of money.

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By doublestandards/glasshouses, July 16, 2009 at 12:50 pm Link to this comment
(Unregistered commenter)

The message to ordinary Americans is that we “must be patient”, but for the wall street bankers relief was demanded immediately or else.

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By Folktruther, July 16, 2009 at 12:36 pm Link to this comment

Many people think that all the capitalist class has to do is to hire some political leaders to get up on their hind legs and lie to the American people.  No, it is much more complicated than that.  they have to form Truth Commissions like the Warren Comminssion, or the 9/11 Commission, to inspire the mainstream truth of the learned and mass media.  Pelosi here is merely following precident, always allowing for the political and economic decay of the American polity historically.

The House is not a home.  The political whores in the House cannot tell those home truths that are such heart warmers to the American people, because they are so contemptable to the population.  So they have to try to find some Responsible power figure who still has some shred of integrity left.  This is not easy to do, and the seach for truthers who will tell us lies that are credible will no doubt be an extensive one.  I can hardly wait.

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By felicity, July 16, 2009 at 10:53 am Link to this comment

In 1907, T. Roosevelt called people of great wealth “malefactors.”  Any so-called commission should begin its investigation from that assumption (and then try to find any exceptions?)

I heard Eliot Spitzer this morn and judging by his telling-it-like-it-really-is-this-morning (beginning with unemployment is actually at 20%), he should head the commission.

I also have to echo some of the comments here that government malfeasance along with outright fraud committed by the financial sector have been recognized on this side of the Belt Way for years.

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By freedom loving american, July 16, 2009 at 8:41 am Link to this comment

This is typical and what makes about 90% of the democrats and non-voters that would be democrats disgusted with politics in general. Allow me brief explanation.

The republicans own all the MSM, and control most of the wealth in the United States.
Bu the way when talking about the United States you are talking about approximately 100 billionaires, 10,000,000 millionaires and 290,000,000 people that do not count. They are viewed as working peasant, leaches, have no money or inclination to make meaningful political contribution and can be easily manipulated by the MSM combined with the Christian church.

Which leads into the main point, we no longer live in a democracy.  We simply live in a make-believe “two-party” system that is controlled by the oil/industrial cartels which actually goes beyond the definition of a fascist state, into some-type of oligarchy only concerned about creating more wealth and power for themselves and “to hell” with 97% of America (about half vote republican) and to “double hell” with the rest of the world.

Any freedom loving, liberty loving, justice loving American that is aware of what goes on must despise the system, but most are powerless or more importantly made to believe they are powerless to make meaningful change, so we sit here and write trite blogs. 
ps..there are a few demcrats that try to make a difference, which is why I support the party…

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By Tom Semioli, July 16, 2009 at 8:28 am Link to this comment
(Unregistered commenter)

Need to investigate, we know what happened: corporate/government greed coupled with pubic apathy and ignorace. There you go, investigation over. What’s on TV tonight?

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By tommy, July 16, 2009 at 7:33 am Link to this comment
(Unregistered commenter)

They won’t live up to their heritage? If he means the heritage of the destruction of the country from the inside, they most certainly WILL live up to their “heritage”, as will the other half of the party (“republicans”).

The “parties” will never work towards anything but the destruction of the country for the sake of power.

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By Thomas Mc, July 16, 2009 at 7:03 am Link to this comment
(Unregistered commenter)

What a pile of BS. She never did a damned thing when Bush was in power, except to protect him. She won’t do anything now.

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By G.Anderson, July 16, 2009 at 6:35 am Link to this comment

The classic way for government to do nothing about a problem is to form a commission to investigate it. If its a bi-partisan commission they will spend lots of time and money arguing about who to blame.

The American people already know who to blame, you… for being the stooges of the plutocracy.

Like a man who jumped out of an Airplane without a parachute, investigating his reasons for jumping, a little soul searching never hurts, but it’s not going to prevent him from hitting bottom with a loud splat.

Wouldn’t it be better congresswomen Pelosi, to do something about the financial crisis, instead of observing and taking notes for later discussion? Before we go splat, not after.

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By skulz fontaine, July 16, 2009 at 4:14 am Link to this comment

Congress is not about to bite the hand that feeds them. Why, who’d stuff those brown envelopes inside the congressional desk drawers? Every last congressional creeper is bought and paid for with Pelosi being at the top of their food chain. Wall Street is safe. Welcome to the Amerikan Kleptocracy.

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