September 17, 2008
Not so swift broad orders broad, swift Wall Street Probe

Need I add hasty and prejudicial?

House Speaker Nancy Pelosi has ordered a broad, swift investigation of Wall Street and will demand testimony from Bush administration officials and captains of finance, congressional officials said.

House Democrats plan to aggressively look at the administration’s role in the meltdown over the weekend and to explore further regulation and government structures that would be taken up under the new president.

Republican aides accused Democrats of trying to shift blame with a series of “show trials,” but acknowledged that key officials will wind up cooperating.

The hearings will take place over the next few weeks, the officials said. Treasury Secretary Henry Paulson, who regularly appears on Capitol Hill, will be called to testify as part of the investigation.

As the main event, Rep. Henry Waxman (D-Calif.), chairman of the House oversight committee, wrote to Richard Fuld, chief executive of the imploded Lehman Brothers, to ask him to appear on Capitol Hill on Sept. 25.

“The hearing will examine the regulatory mistakes and financial excesses that led to yesterday’s bankruptcy filing by Lehman Brothers,” Waxman wrote. “The committee will also explore the impacts of the Lehman bankruptcy on financial markets and the United States economy.”

That’s funny.  Are they going to subpoena any Democrat Congresscritters during this show trial?  I fully expect to see Jamie Gorelick appointed to head up a blue ribbon commission.

The people demand answers (that service our agenda).

Congress’s new space mission:

Probing Uranus.

“I know that if I ever go looking for my heart’s desire, I’ll never go any further than my own back yard. For if it isn’t there, I never really lost it.”

More: Another ongoing investigation, or Hollis French is completely petarded.

3 Comments  :::   Post a comment »

  1. Comment by Spies, Brigands, and Pirates on 9/17 @ 2:02 pm #

    I vote we start with Dodd and work our way down the list.

  2. Comment by Pablo on 9/17 @ 2:14 pm #

    Are we gonna talk about Chuck Schumer causing a run on IndyMac?

  3. Comment by Jake on 9/17 @ 2:54 pm #

    Why would Congress ‘probe’? With their collective head up there they should have an upclose view..

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