Entries tagged "Nancy Pelosi"

Is Phil Angelides the new Ferdinand Pecora?

Nancy Pelosi and Harry Reid finally released the list of names to man what's come to be thought of as their new Pecora hearings into the causes of the financial crisis.

Pelosi lost around $1M on AIG investment

House Speaker Nancy Pelosi (D-Calif.) and her hubby Paul lost between $100,001 and $1,000,000 on investments in American International Group Inc.

Pelosi and the new Pecora hearings

House speaker Nancy Pelosi has announced plans to begin a new Pecora-type commission; never mind the fact that unlike Ferdinand Pecora's era, the Depression, Congress no longer has the same control over the debate it once had.

House leaders spell out auto conditions

Congressional Democrats sent letters to the heads of Chrysler and GM, urging them to describe specifically how they will position their companies to become competitive.

Video: Pelosi supports car czar and suggests Volcker

As negotiations continue over details of a federal aid package for the automakers, support seems to be growing for the appointment of a government overseer to monitor the car companies. House Speaker Nancy Pelosi, D-Calif., speaking Tuesday morning on NBC's "Today Show," said she supports the concept of a so-called car czar as a way to alleviate concerns that management left on their own would not do enough to solve the companies' problems. ...

Limits on pay, parachutes should accompany auto industry aid, Pelosi says

House Speaker Nancy Pelosi,  D-Calif., Tuesday called on Congress and the Treasury to provide limited emergency financial assistance to the automobile industry under the Emergency Economic Stabilization Act. "In order to prevent the failure of one or more of the major American automobile manufacturers, which would have a devastating impact on our economy, particularly on the men and women who work in that industry, Congress and the Bush administration must take immediate action," she said. ...

Congress looks to cut the strings on bankers' golden parachutes

Banks are quickly finding out that all that nice taxpayer money the U.S. Treasury Department has been handing out via TARP comes with some strings attached. Lawmakers and even a typically "hands-off" White House are letting bankers know that they have definite ideas about how these equity infusions should and should not be used. Hint: Cushy compensation is not one of them....

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