Word: pelosi
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...Sunday it was hard to find anyone willing to take credit for the agreement. "This is the Administration's problem," House Speaker Nancy Pelosi told reporters. "They sent us their bill. We did the best we can to improve...
Around 12:30 a.m. Sunday morning, House Speaker Nancy Pelosi announced the fundamentals of a deal between House and Senate leaders and Treasury Secretary Henry Paulson to stave off financial collapse on Wall Street after a week of frenzied Hill wrangling. Declaring the $700 billion bailout plan "a way to insulate Main Street and everyday Americans from the crisis on Wall Street," Pelosi unveiled the deal with House Republican Whip Roy Blunt and the ranking Republican from the Senate banking committee, Judd Gregg, as well as Paulson and other Democratic leaders...
...drama over the last week - John McCain's theatrical but ultimately unhelpful return to Washington, the anti-Socialist rants of House Republicans, the political maneuvering by Nancy Pelosi - the deal comes as something of an anticlimax. The market had already priced in the deal all last week, ignoring the Hill's histrionics, and Paulson and Bush were always adamant they were going to get a deal. So what did all the drama actually produce...
...detail that will be key to moving the deal forward remains muddy. Democratic aides say that at midnight last night, Pelosi suggested that the bailout deal guarantee that taxpayers recoup from financial firms any part of the $700 billion not paid back through the Treasury Department's reselling of the bad loans. "That was the last remaining issue and it was only decided after the Speaker's direct involvement," said one Democratic aide. How financial firms would be forced to pick up that tab, however, is not clear...
...undermining your brand; if she was picked as the Outsider Original Maverick with the experience and courage to help clean up Washington, you can't argue that she's not giving interviews because the press is so mean to her. She's ready for a cage fight with Nancy Pelosi but won't sit down with Campbell Brown...