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

Pelosi: Bush Admin Barred Officials From Briefing Congress On Impending Financial Crisis in Fall 2008

http://tpmdc.talkingpointsmemo.com/2010/05/pelosi-bush-administration-barred-officials-from-asking-congress-for-financial-sector-bailouts.php

Brian Beutler | May 3, 2010, 2:39PM

Nearly 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.

They intended to bankrupt the nation and keep it under wraps until they left office, so as to hamstring the opposition from Day One. They ought to be up on charges for this sort of thing.