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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (268652)	9/15/2008 12:15:41 AM
From: goldworldnet	Respond to of 793843

Poor Charlie, I'm sure his omissions were purely accidental. :) * * *

To: gamesmistress who wrote (268652)	9/16/2008 8:49:50 PM
From: KLP	Read Replies (1) \| Respond to of 793843

Pelosi orders wide Wall Street probe By: Mike Allen September 16, 2008 08:33 PM EST politico.com KLP Note: Geeze, Pelosi…you’ve got the rats in the henhouse and you want THEM to investigate! Are you Nuts? Or is you just think the US Taxpayers are SO totally stupid, we don’t see what you are doing, and hiding. You want “Chairman Frank and Chairman Waxman to “investigate”. Indeed. Where have they been when they should have been investigating all the campaign contributions that have come from FreddyMac and FannieMay? And you, Pelosi...first not stripping Rangel of his Chairmanship (you fllipflopped pretty quickly I see) and now wanting to tiptoe around that pile of stuff with your newest brainstorm....another pile of stuff. We’re listening with all ears. And have our barf bag at the ready. Sorry Ladies and Gentlemen, as you know I’m not usually so vocal, but this is just the stuuuuppidist, saddest sack leading a whole group of other lemming sadsacks, and all in our name…. Bah, Humbug. 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.” Separately, Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, plans a forward-looking hearing with economists on Wednesday to “begin a conversation about where we go with the capital markets,” a House aide said. Frank plans “oversight of what happened this weekend with the Treasury and Federal Reserve,” and will look at “how bad the capital markets are, and what may be needed.” “The markets are not self-correcting,” the aide said. “If they continue to not self-correct over the next several months, is there a federal response? There might be more federal intervention that’s needed. We’ll proceed cautiously, and that would be next year." Both chairmen are acting at the direction of Pelosi, who told them to figure out what happened and demonstrate that they are on top of the situation, the officials said. Pelosi said Tuesday on MSNBC that she expects a “restructuring” of the mortgage giants Fannie Mae and Freddie Mac “in the next Congress with a new president.” “Are they quasi-governmental organizations, are they quasi-nongovernmental organizations? Should they just be share hold private institutions?” she said. “We have to examine that. And I've asked the chairmen — Chairman Frank and the Chairman Waxman, the chairman of our Oversight and Reform Committee, to take a look at both of those.” © 2008 Capitol News Company, LLC

To: gamesmistress who wrote (268652)	9/17/2008 4:07:43 PM
From: Brumar89	4 Recommendations Respond to of 793843

STEP DOWN, CHARLIE The Democratic party is still the No Shame Party. So what if the guy who writes tax laws is a crook who doesn't think he needs to report his own income? Thats no problem for Democrats. Posted: 3:55 am September 17, 2008 Charlie Rangel must be a centipede - given how many shoes have been dropping regarding his personal finances. Yet he's pugnaciously defying demands that he step aside as chairman of the House Ways and Means Committee - which writes the nation's tax laws. And, after two closed-door sitdowns with him in 12 hours, House Speaker Nancy Pelosi says she has no intention of stripping him of his prestigious position - no matter how big an embarrassment he's become. "I see no reason why Mr. Rangel should step down," she said yesterday. She's obviously not looking very hard. Because, with each passing day, the Manhattan Democrat's ethical shortcomings grow ever more obvious. Which is why he's hired a "forensic accountant" to autopsy 20 years worth of back tax returns. (Think "CSI: Charlie.") So much for the Democrats' promise to "clean house" in Congress. Rangel's moral claim to any top leadership post became debatable in the wake of the revelations of his four rent-stabilized apartments (one of them used as a campaign office) and his failure to report $75,000 in rental income from a Caribbean beachfront villa. And he certainly didn't help himself with a series of astonishingly inept excuses - capped by his ham-fisted "they were all speaking Spanish" defense. Then, over the weekend, came news of a host of new Rangel miscues, stretching back years. Some were detailed by the newspaper Roll Call, which reviewed his congressional disclosure forms: * Rangel never reported, as required, the sale of a home he owned in the District of Columbia. * Nor did he disclose any income from the sale of a Harlem apartment - whose value allegedly doubled while he owned it. * He also failed to report income from the sale of a condo in Sunny Isles, Fla., though property records show a $60,000 profit. * Moreover, in 2002 his forms listed new investment holdings of $115,000 to $315,000 - with no disclosure of how he acquired them. The next year, he reported another five new cash assets, worth at least $268,000 - again, with no indication of where they came from. Obviously, life in Congress has been very, very good to Charlie Rangel. Problem is, no one can tell for sure just how good. And that's a big problem. Which is why it's imperative that Speaker Pelosi force Rangel out of the Ways and Means chairmanship. As it is, congressional poll-approval ratings are barely in the double digits. How low does Pelosi want to go? nypost.com